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Usoilforecast

Crude oil price trend analysis for next week.After a surge, oil prices are now entering a short-term cycle of "surge-retreat-reconfirmation". Although the daily chart has broken through the recent trading range, the KDJ indicator shows an initial overbought signal (K value 52.48). Without any new unexpected supply disruptions, the market is likely to fluctuate at high levels or experience a slight pullback to support levels during the day. Support Levels: First Support Level: $94.50 (Lower edge of today's consolidation range) Strong Support Level: $89.80-$92.30 range (5-day moving average and area of concentrated technical pullback) Resistance Level: $100.64 Buy Opportunity: If oil prices fall back to around $94.50 We welcome all traders to share their opinions and let's discuss them together. TVC:USOIL IG:USOIL IG:USOIL
TVC:USOILLong
by Chuck_Wilson
Comprehensive Analysis of USOIL's Short-Term TrendUSOIL is currently experiencing a short-term high-level consolidation with a slight upward bias. Support and resistance levels are clearly defined. Trading should adhere to the principle of "primarily buying on dips, avoiding chasing highs," and strictly enforce stop-loss orders. Support level: 88.65 Resistance level: 101.00 (psychological level) Use support and resistance levels to establish positions in batches, strictly control stop-loss orders, and avoid the risk of chasing highs (today is Friday; be wary of weekend geopolitical uncertainties, and it is recommended to maintain a light position or stay out of the market over the weekend). We welcome all traders to share their opinions and let's discuss them together. FX:USOIL GBEBROKERS:USOIL PURPLETRADING:USOIL PURPLETRADING:USOIL
TVC:USOILShort
by Chuck_Wilson
USOIL Short-Term Trend Analysis and Key Entry Points.Yesterday (March 10), oil prices changed significantly. The previous day (March 9), due to the escalation of the situation in the Middle East, oil prices surged to $120 per barrel, but then experienced a dramatic "high-altitude dive," falling back to around $76. Currently, the market is digesting this extreme volatility, with intense competition between bulls and bears causing technical signals to become ineffective to some extent, and the trend has shifted to high-level wide-range fluctuations. Currently, the market is mainly pulled by two forces: geopolitics (the Strait of Hormuz crisis) and technical repair. Conservative entry point: Wait for the price to retrace to the $83.00-$83.50 area (yesterday's low and support zone) and show signs of bottoming out before entering the market. Key resistance zone: 89-90.8 Special reminder: The current market volatility is extremely high. Any news regarding the situation in the Middle East (especially shipping in the Strait of Hormuz) could cause prices to break through the above technical levels instantly. It is essential to control position size and strictly set stop-loss orders. We welcome all traders to share their opinions and let's discuss them together. TVC:USOIL FOREXCOM:USOIL IG:USOIL TRADU:USOIL IG:USOIL
TVC:USOILLong
by Chuck_Wilson
USOIL. Comprehensive Short-Term Trend AnalysisAccording to publicly available market information during the Asian and European sessions, influenced by the escalating geopolitical situation in the Middle East, USOIL's short-term trend shows an extremely strong bullish upward pattern. Despite several countries announcing the release of strategic oil reserves, market concerns about supply disruptions in the Strait of Hormuz dominated, pushing oil prices above key levels. RSI: 72.3 (overbought zone) → A short-term pullback is possible, but in a strong market, overbought conditions can persist for a considerable period. MACD: A golden cross above the zero line with expanding momentum bars indicates a clear bullish trend and strong upward momentum. Bullish Strategy (Core Idea: Buy on dips, avoid chasing highs) Conservative Long Position: $88.5-$89.0 Swing Short Position: $97.5-$98.0 We welcome all traders to share their opinions and let's discuss them together. TVC:USOIL IG:USOIL PURPLETRADING:USOIL GBEBROKERS:USOIL
TVC:USOILLong
by Chuck_Wilson
Iran warns the world: Oil prices are poised to reach $200.Iran says the world should prepare for oil prices to reach $200 a barrel as its forces attacked merchant ships on Wednesday. The International Energy Agency (IEA) has recommended a massive release of strategic reserves to mitigate one of the worst oil shocks since the 1970s. The war, sparked by joint US-Israeli airstrikes nearly two weeks ago, has killed approximately 2,000 people, mostly Iranians and Lebanese. As the fighting spreads to Lebanon, global energy markets and transportation have been thrown into chaos. Despite the Pentagon calling it the most intense airstrikes since the start of the war, Iran fired on targets in Israel and across the Middle East on Wednesday, demonstrating its continued ability to retaliate. Three ships were reportedly attacked in the Gulf waters on Wednesday. Iran's Revolutionary Guard said its forces fired on disobedient vessels in the Gulf region. Israeli Defense Minister Israel Katz said the military operation "will continue indefinitely, as long as necessary, until we achieve all our objectives and win this battle," while Trump suggested the operation wouldn't last long. In a phone interview with Axios, he stated that there were "virtually no targets" left to strike inside Iran. He said, "Whenever I want it to end, it will end." ABC News, citing an FBI warning, reported that Iranian drones could strike the U.S. West Coast, although Trump stated he was not worried about a potential Iranian attack on U.S. soil. Trump later told reporters that the U.S. military had destroyed 28 Iranian minelayers, and that oil prices would fall. The U.S. State Department also warned that Iran and its allied militias might be planning attacks on U.S.-owned oil and energy infrastructure in Iraq, noting that these militias had previously targeted hotels frequented by Americans throughout Iraq, including in the Kurdistan region. U.S. and Israeli officials stated their goal is to end Iran's ability to project power abroad and destroy its nuclear program. Earlier this week, oil prices surged to nearly $120 a barrel before falling back to around $90 a barrel. On Wednesday, prices rose nearly 5% due to renewed concerns about supply disruptions, while major Wall Street stock indexes fell. Stocks had previously rebounded as investors bet on a swift exit strategy from Trump. However, other signs indicate the fighting continues, with Iranian drone and missile attacks on ports and cities in the Gulf states and targets within Israel increasing the urgency of calls from Turkey and Europe to end the conflict. An Israeli military official stated that the military still has numerous targets in Iran to target, including ballistic missile sites and nuclear facilities. “Legitimate Targets” There is currently no indication that ships can safely pass through the Strait of Hormuz. This now-blocked passage along the Iranian coast carries approximately one-fifth of the world's oil. Trump stated on Wednesday that ships “should” pass through the Strait of Hormuz, but sources say Iran has laid approximately 12 mines in the waterway, complicating the blockade. The US military has urged Iranians to stay away from ports housing Iranian naval facilities, to which the Iranian military has warned that if these ports are threatened, the region's economic and trade centers will become “legitimate targets.” With fuel prices soaring in some countries and Trump's Republican Party trailing significantly in polls ahead of the November midterm elections, oil prices have become an increasingly pressing consideration in decision-making behind this war. The IEA, a group of major oil-consuming nations, recommended releasing 400 million barrels of oil from the global strategic reserves to stabilize prices—the largest such intervention in history—and quickly gained support from Washington. US Interior Secretary Doug Burgum told CNBC on Wednesday that US oil companies would soon announce increased production in response to "price signals." However, the pace of strategic reserve releases varies among countries, and the total release represents only a small fraction of the oil supplied through the Strait of Hormuz. Iranian officials made it clear on Wednesday that they intend to exert a sustained economic shock. Iranian military spokesman Ebrahim Zofagari, speaking to Washington, said, "Be prepared for oil prices to reach $200 a barrel, because oil prices depend on regional security, and you have already undermined regional security." Following the nighttime attack on a bank office in Tehran, Zofagari stated that Iran would launch attacks on banks doing business with the United States or Israel. He also said that people across the Middle East should keep a 1,000-meter distance from banks. At sea, a bulk carrier flying the Thai flag caught fire, forcing the crew to evacuate. Three people are reportedly missing, believed to be trapped in the engine room. Two other ships, a container ship flying the Japanese flag and a bulk carrier flying the Marshall Islands flag, were also reportedly damaged by projectiles, bringing the number of merchant ships attacked since the start of the war to 14. Iranian officials said Mojtaba Khamenei suffered minor injuries. In Iran, large crowds took to the streets to hold a funeral for the senior commander killed in the airstrike. They carried the coffin, waving flags and portraits of the late Supreme Leader Ayatollah Ali Khamenei and his son and successor, Mojtaba. An Iranian official told Reuters that Mojtaba was slightly wounded early in the war when airstrikes killed his father, mother, wife, and a son. He has not made any public appearances or released any direct information since the start of the war. In Tehran, residents have gradually become accustomed to the nighttime airstrikes. The airstrikes have forced hundreds of thousands to flee to rural areas, and the city has been polluted by "black rain" formed from oil smog. Israel says "no time limit" Despite Trump's call for Iranian resistance, the hopes of the US and Israel to overthrow Iran's theocracy through popular protests have not materialized. Iran's Chief of Police, Ahmadreza Radan, said on Wednesday that anyone who takes to the streets will be considered "an enemy, not a protester. All our security forces are ready to fire." According to a senior Israeli official, Israeli leaders now privately acknowledge that Iran's ruling system may survive the war. Two other Israeli officials said there are no signs that Washington is close to ending the campaign. Even so, Abdullah Mohtadi, head of the Komara Party in Iranian Kurdistan (a member of a six-party alliance of Iranian Kurdish parties), told Reuters on Wednesday that these parties are well-organized within Iran, and "tens of thousands of young people are ready to take up arms" and are prepared to rebel against Tehran if they receive US support. FX:USOIL PURPLETRADING:USOIL MEXC:USOILUSDT.P IG:USOIL
TVC:USOILLong
by Chuck_Wilson
Should oil continue to be bought long?Regarding oil, another bombshell news broke. The deployment of torpedoes in the Strait of Hormuz, restricting cruise ship access, caused oil prices to rebound, rising from a high of $76 to $89, a gain of $13. Currently, it's trading at $86. The API data also contributed significantly, showing a substantial decrease in the reported value. However, the energy crisis won't last long. The oil premium will eventually be offset by war. Therefore, I believe short-term oil trading should focus on shorting. $86-$88 is a good selling price, with a target of $80-$78. NYMEX:MCL1! NYMEX:CL1! CFI:WTI PYTH:USOILSPOT
TVC:USOIL
by Michael_K_9
Intense competition between bulls and bears,technical correctionThe crude oil market is currently at an extremely sensitive equilibrium point. On the one hand, concerns about supply disruptions stemming from the geopolitical situation in the Middle East (particularly the closure of the Strait of Hormuz) continue to provide strong support. On the other hand, countries led by the United States, the G7, and Japan intervened together, forcibly cooling down oil prices by hinting at lifting sanctions and preparing to release strategic petroleum reserves (SPR). This pattern of "resistance above and support below" has led to sharp price fluctuations. Key support zone: $84.70 - $85.00 This is a key area to watch. $84.70 is a recent area of concentrated hourly lows; while $85.00 is a psychological level and a short-term dividing line between bullish and bearish sentiment, which some traders consider a potential buying reference area. Support level: $82.00 - $83.00. If the price breaks below this core area, this area will be the last line of defense for the bulls. $83.00 is considered a stronger downside support level, while $82.00 is a key support level for the short-term uptrend. Key resistance level: $91.00. This level is a congestion zone from previous trading. If the price can break through $91.00, it means the short-term pullback is over and the upward trend is expected to resume. If the upward trend continues, $96.80 is the next target, while $100.00 is a significant psychological resistance level. Bullish Strategy (Looking for Buying Opportunities) Aggressive Strategy: If the price stabilizes around $86.85 and a rebound signal appears on the hourly chart, a small long position can be attempted. Targets are $89.00 or $91.00. Conservative strategy: Wait for the price to pull back to the core support zone of $84.70 - $85.00. If the price finds support and rebounds in this area, it is a relatively safe area to consider buying. The stop loss can be set below $83.00. Short selling strategy (finding selling opportunities): Shorting at resistance levels: If the price rebounds to the $89.00 - $90.00 resistance zone, but shows a clear sign of resistance and pullback (such as a long upper shadow), consider a small short position. Alternatively, consider shorting if the price encounters resistance around $91.00. Breakout and shorting: If the price breaks below the support level of $84.70, the short-term trend may weaken. Consider shorting after a rebound, with a target of $82.00 or even $80.00. We welcome all traders to share their opinions and let's discuss them together. FX:USOIL IG:USOIL TRADU:USOIL FOREXCOM:USOIL
TVC:USOILLong
by Chuck_Wilson
Comprehensive Analysis of USOIL's Short-Term TrendUSOIL is currently in an extreme bull market completely dominated by the "geopolitical risk premium". Until there are clear signs of easing tensions (such as lifting the lockdown or resuming negotiations), any pullback could be seen as a buying opportunity. Although there was a slight pause after the price fell from its high to around $95, this is generally interpreted as healthy profit-taking rather than a deep correction, indicating that buying pressure (institutional "buying on dips") remains extremely strong. The support level below is $92.07, which is the first support level on the daily chart. TVC:USOIL FOREXCOM:USOIL CXM:USOIL GBEBROKERS:USOIL
TVC:USOILLong
by Chuck_Wilson
Why I Expect 200 Dollar USOIL Wti CrudeUsing momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose significant strength, and costly measures enforced as an abysmal attempt to stifle inflation. Soon interest payments will become the largest expense if it hasn't already. There is much reason to worry about world markets right about now. Larger Pattern Breakout and here is the shift up close on the weekly: This is not financial advice.
TVC:USOILLong
by Mikhiavelli
33
WTI Crude Oil Key Major Reversal Zone | Possible PullbackWTI Crude Oil Approaching Major Reversal Zone – Bullish Momentum Facing Key Resistance This 30-minute chart of WTI Crude Oil (USOIL) highlights a strong bullish market structure that has been developing through a curved accumulation-to-expansion phase. Price is currently approaching a critical reversal zone near the $84.00–$84.50 area, where the market could either confirm a continuation breakout or produce a corrective pullback. This setup is particularly interesting because it combines trend acceleration, structural breakout, and a potential supply reaction zone, which makes the next price reaction extremely important for short-term traders. 1. Market Curve Structure – Gradual Bullish Expansion On the left side of the chart, the market formed a rounded accumulation structure, often referred to as a market curve or curved trend development. During this phase: Price created gradually rising lows. Selling pressure weakened over time. Buyers slowly took control of the market. This curved structure typically represents institutional accumulation, where large participants build positions without causing immediate sharp price spikes. Once enough liquidity is gathered, the market often transitions into a strong expansion phase, which is exactly what happened next. 2. Break of Structure and Momentum Expansion As price moved above the $80–$81 resistance area, the market produced a clear breakout with strong bullish momentum. This move resulted in: A 10-point impulsive rally (highlighted in the chart). A clear break of previous resistance levels. A continuation of higher highs and higher lows, confirming bullish market structure. The steep upward move indicates that buy-side momentum entered aggressively, likely fueled by breakout traders and liquidity above previous highs. Momentum-driven moves like this often continue until the market reaches major supply zones or liquidity pools. 3. Current Position – Testing a Key Reversal Zone Price has now entered a major reversal zone around $84.00–$84.50, which is marked on the chart. This area is significant because: It aligns with previous supply pressure. It represents a psychological resistance level near $84. The rally has become overextended after a strong impulsive move. When price reaches such zones after a strong rally, two main reactions typically occur: 1️⃣ Short-term rejection and correction 2️⃣ Consolidation before breakout At the moment, the market is showing initial rejection candles, which suggests that sellers may be testing control in this area. 4. Importance of Confirmation The chart clearly notes “Confirmation Must”, which is a key trading principle. Entering positions directly inside a resistance zone without confirmation increases risk. Instead, traders typically wait for price action confirmation signals, such as: Bearish engulfing candles Lower high formations Break of minor support Liquidity sweeps above resistance If such confirmation appears, it would validate a short-term bearish retracement scenario. 5. Possible Pullback Scenario If sellers successfully defend the reversal zone, the market could produce a corrective retracement toward lower support levels. Potential pullback areas include: • $82.50 – $82.00 (previous structure support) • $81.50 – $81.00 (breakout retest area) • Dynamic trend support from the curved structure A healthy retracement could allow the market to rebalance liquidity before another potential bullish continuation. 6. Alternative Scenario – Bullish Breakout Continuation Despite the resistance zone, the overall market structure remains strongly bullish. If price manages to: Hold above $84 Consolidate within the zone Break above $84.50 with momentum Then the market could trigger another bullish expansion phase, potentially targeting: • $85.50 • $86.00 psychological resistance This would indicate that buyers still maintain dominant control of the trend. 7. Key Trading Insight This chart offers an important lesson in professional trading: Strong trends often pause or retrace at major liquidity zones before continuing. The goal is not to predict the market but to wait for confirmation and react to price behavior. Currently, the market sits at a decision point, where both breakout continuation and corrective pullback scenarios remain possible. Patience and confirmation will determine the higher-probability trade. Conclusion WTI Crude Oil has experienced a powerful bullish rally supported by a curved accumulation structure and breakout momentum. However, the market has now reached a critical resistance and reversal zone near $84, where sellers may attempt to trigger a corrective move. Traders should closely monitor price reaction and confirmation signals before committing to positions, as this zone will likely determine the next directional move for the market.
FX:USOILShort
by GoldMasterTrades
US Oil I Potential reach of $80-$100 due to Iran/War impactWelcome back! Let me know your thoughts in the comments! ** US Oil Analysis - Listen to video! We recommend that you keep this on your watch list and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
TVC:USOILLong
by BKTradingAcademy
CRUDE OIL: The "Iran Premium" Trap? (Read This Before Buying)USOIL Crude Oil 🌍 The macro narrative heading into this week is dominated by a sharp resurgence in Middle East tensions, specifically escalating friction between the US and Iran, which has injected a significant "war premium" back into the energy markets 🏦. Interestingly, general online sentiment is heavily leaning Bullish as retail traders chase the breakout toward the $67.00 level. However, some community chatter suggests a potential liquidity hunt may be brewing, as the market begins to price in reports of diplomatic posturing alongside military movements. This creates a volatile backdrop where the primary driver—geopolitical risk—could either catapult us toward $70.00 or evaporate quickly if de-escalation headlines hit the wires. We are seeing a clear Bullish Market Structure on the Daily timeframe 📈. Price has successfully carved out a series of higher lows from the December base near $55.00 and has recently reclaimed the pivotal $62.00 barrier. The current candle shows a slight rejection from the $66.50–$67.00 resistance zone, aligning with widespread community chatter calling for a brief cooling-off period. This suggests that while the trend is firmly up, retail is positioned heavily long at the local peak, making them vulnerable to a "stop-run" before the next leg higher. Key Zone: The confluence of the ascending Parallel Channel and the Fibonacci 50-61.8% Retracement zone sits between $62.50 and $60.80 📉. This area represents a major structural retest of the previous breakout point. We are currently trading near the top of the multi-month range and testing significant psychological resistance. I am watching for a 'run on liquidity' to sweep the late buyers I'm seeing across various social forums who have their stops tightly packed under the $64.00 handle 🧹. My view is that a pullback into the Fibonacci "Golden Zone" within the lower half of the trend channel will provide the most high-probability entry for a move toward the $70.00 target, utilizing the Impulse Acceleration to time the re-entry.
NYMEX:MCL1!Long
by fxtraderanthony
USOIL Strategy: Crucial Battle at the 63.30 Pivot Level! USOIL (WTI) Technical Analysis Feb 16, 2026 Pivot Point: 63.30 Current Status: Price is oscillating around the pivot, which is the decisive level for the next move. Bearish Scenario (Main Outlook): As long as the price remains below the 63.30 pivot point, the bias remains bearish. Target 1: 62.35 (First Support). Target 2: 61.90 (If the first support is broken). Bullish Scenario (Alternative Outlook): If the price breaks above 63.30 and stabilizes, the trend will shift to bullish. Target 1: 63.80 (First Resistance). Target 2: 64.30 (If resistance is cleared). Key Takeaway: Below 63.30: Bearish trend persists. Above 63.30: Bullish reversal confirmed.
TVC:USOILShort
by EvarMayi
USOIL Analysis: Oil Testing Critical 63.85 Pivot Zone!Crude Oil (USOIL) Technical Analysis Date: February 9, 2026 Pivot Point: 63.85 The price is currently hovering around the 63.85 level. This is the decisive zone for the next market move. 📉 Bearish Scenario (Main Outlook): As long as the price remains below the 63.85 pivot point, the downward trend prevails: First Target: A decline toward the support level at 62.40. Second Target: Breaking below this level will drive the price further down to 61.40. Bullish Scenario (Alternative Outlook): If the price manages to break above the 63.85 pivot and stabilizes, the trend will flip to bullish: First Resistance: The target will be 64.65. Further Gains: A breakout above this resistance will push the price toward 65.20 and potentially reach 65.95. Key Summary: Below 63.85: Bearish momentum dominates. Above 63.85: Bullish reversal confirmed. Support & Resistance Levels: Resistance: 64.65 | 65.20 | 65.95 Support: 62.40 | 61.40
TVC:USOILShort
by EvarMayi
US Oil: Buy The Pullback!In this Weekly Market Forecast, we will analyze the US OIL for the week of Feb. 9-13th. US Crude Oil had a very strong January. December we see the market in a pullback, correcting the Jan impulsive move. This market is still ranging, and valid shorts or longs are difficult to recognize. Wait for PD Arrays to be respected or disrespected. Highs/lows, FVGs and OBs. Price is being supported by an +OB now. The move up and away from it is worth buying. If the +OB fails, and price trades through the lows of the consolidation, then sells are valid. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Long
by RT_Money
2
Swing Long Trade Idea on USOILSwing Long Trade Idea on USOIL In 2025, metals, commodities, equities, and Bitcoin all reached new all time highs, while USOIL has lagged behind. I believe we could see a catch up move in USOIL during Q1 2026, as price is currently holding at a strong support level. I am considering a swing long position if USOIL breaks out of the descending triangle. The RR on this setup looks very attractive. My plan is to take partial profits at the 0.618 Fibonacci level, set the second target at the top of the channel, and trail the stop loss after the first target is reached. Share you thoughts
TVC:USOILLong
by smwajeeh
3
US OIL: Bullish Break Out Potential?In this Weekly Market Forecast, we will analyze the US OIL for the week of Jan. 19-24th. US Crude Oil has been sideways for over 3 years. Accumulating. April '25 there was a significant sweep of sell side liquidity, followed by an impulsive move to the high of the consolidation. Manipulation. A correction to the previous move followed to the .705 fib (Optimal Trade Entry). If we get a significant move higher from current levels, this could be the start of the 3rd phase of price action.... distribution. AMD ..... is what I am looking for. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Long
by RT_Money
WTI (USOIL) Price Outlook – Trade Setup📊 Technical Structure TVC:USOIL WTI is currently trading within a rising channel, after rebounding from the recent swing lows. Price has found support around the $60.15–$60.33 support zone, where buying interest has emerged and downside momentum has slowed. The market structure suggests a potential bullish continuation. As long as WTI holds above the support zone, price action favours a rebound toward the $61.04–$61.21 resistance zone. The projected path indicates a brief consolidation near current levels, followed by an upside push into the resistance band, rather than an immediate breakdown. 🎯 Trade Setup (Bullish Bias) Entry Zone: 60.15 – 60.33 Stop Loss: 59.99 Take Profit 1: 61.04 Take Profit 2: 61.20 Risk–Reward Ratio: Approx. 1 : 2.26 📌 Invalidation A sustained break and close below $59.99 would invalidate the bullish setup and signal a deeper downside correction. 🌐 Macro Background The broader macro backdrop remains mixed but supportive for WTI in the near term. Easing geopolitical tensions after President Trump stepped back from tariff threats against European nations have helped stabilize risk sentiment, providing short-term support for crude prices. At the same time, signals of temporary supply disruptions in Kazakhstan have added upside pressure, as production at major oilfields was halted following power outages. However, the upside remains capped by persistent oversupply concerns, with the International Energy Agency (IEA) reiterating that global oil supply is expected to significantly exceed demand this year. In the short term, markets are digesting these opposing forces, with price action favouring range-based recovery moves when crude stabilizes at well-defined technical support. 🔑 Key Technical Levels Resistance Zone: 61.04 – 61.21 Support Zone: 60.15 – 60.33 Bullish Invalidation: Below 59.99 📌 Trade Summary WTI is holding above a critical support zone within a rising channel after a corrective pullback. As long as price remains supported above $60.15, the bias favours a buy-on-dips approach, targeting a continuation move toward the upper resistance band. ⚠️ Disclaimer This analysis is for reference only and does not constitute investment or trading advice. Financial markets involve risk, and traders should manage positions according to their own risk tolerance.
TVC:USOIL
by ATFX_Global
US OIL: Bullish Break Out Potential?US Crude Oil has been sideways for over 3 years. Accumulating. April '25 there was a significant sweep of sell side liquidity, followed by an impulsive move to the high of the consolidation. Manipulation. A correction to the previous move followed to the .705 fib (Optimal Trade Entry). If we get a significant move higher from current levels, this could be the start of the 3rd phase of price action.... distribution. AMD ..... is what I am looking for. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Long
by RT_Money