WTI
WTI Edges Up On Big EIA Draw, Risk-on ToneFundamental approach:
- Last week, USOIL was modestly higher amid risk-on sentiment and tighter supply signals after a larger‑than‑expected US crude draw.
- Support came from the EIA’s reported six-million-barrel crude draw tied to lower imports and stronger exports, reinforcing a tightening balance even as Cushing stocks ticked up; broader sentiment also leaned on expectations of looser Fed policy aiding demand.
- Gains were tempered by mixed macro cues, fading Eastern Europe risk headlines, choppy dollar moves, and cautious positioning ahead of the next API/EIA prints.
- However, China's Sinopec last week reported a sharp profit drop, citing weak fuel consumption. The trend of subdued fuel demand is likely to continue as factors including lower consumer confidence, rising electric-vehicle adoption and improved fuel efficiency are reducing petroleum demand in China.
- Into late week, USOIL could firm if US inventories show continued draws and risk tone improves, while any surprise builds or de‑escalation of supply risks may cap rallies; follow‑through from Fed‑cut pricing and geopolitics could potentially steer near‑term direction.
Technical approach:
- USOIL found support quickly after closing below the key level at 63.90. The price is retesting both EMAs and closed above the key level at 63.90, signaling a make-or-break situation. The market awaits a clear breakout to determine the short-term movement.
- If USOIL closes above both EMAs and breaks the descending trendline, the price may continue to advance to retest the following resistance at 67.50.
- On the contrary, closing below the support at 63.90 may prompt a further weakness to retest the next support at 60.00.
PS: I shared a piece of the above ideas on The Wall Street Journal: www.wsj.com
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
WTI Crude Awaits Breakout Amid Sanction RisksWTI Crude Oil – Overview
Oil Holds Steady on Fed Cut Bets and Sanction Risks
Oil prices are flat in early trade as markets weigh the likelihood of a U.S. Fed rate cut in September against potential disruptions to Russian crude flows. Brent trades at $67.18 (-0.1%), while WTI is steady at $63.64, following a 2.5% gain last week.
Fading optimism over a Russia–Ukraine summit and renewed U.S. tariff threats against India add to volatility. Markets are closely watching the Aug. 27 deadline, when secondary U.S. tariffs against India for Russian oil purchases are expected to take effect.
🔹 Technical Outlook
WTI is trading in bullish momentum as long as it holds above 63.47.
Price is likely to consolidate between 63.47 – 64.72 until a breakout.
✅ Above 64.72: Bullish continuation toward 65.83 → 67.20.
⚠️ Below 63.47: Bias turns bearish, targeting 61.83.
🔹 Key Levels
Support: 63.47 – 61.83
Resistance: 64.72 – 65.83 – 67.20
✅ Summary:
WTI crude remains range-bound but biased to the upside, supported by Fed cut expectations and geopolitical risks. A decisive break from the 63.47–64.72 range will set the next trend direction.
WTI Steadies as Rate-Cut Bets and Supply Risks CollideWTI Steadies as Rate-Cut Bets and Supply Risks Collide
WTI crude hovered around $64 on August 25, steady after last week’s gains as traders balanced U.S. rate-cut expectations with geopolitical risks. The Fed is seen 85% likely to cut rates in September, boosting demand outlooks.
Supply concerns persist after Washington threatened 50% tariffs on Indian imports over Russian oil purchases, while India signaled it will keep buying from Moscow. Stalled Russia-Ukraine talks and renewed attacks on energy infrastructure add to uncertainty.
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WTI Crude Oil · M15 · 24-Aug — “Buy the Dip into EMA/Donchian”🟢 Bias: Intraday long after spike, buy the dip into Donchian + EMA support.
Entry: $62.90 – $63.20
Stop-Loss: $61.95
Targets: TP1 $63.80 · TP2 $64.70 · TP3 $66.00
RRR (from $63.10): Risk $1.15 → TP3 +$2.90 = ~1:2.5 ✅
Why this works:
Confluence: Donchian support ($62.91) + 200 EMA M15 ≈ $62.38 (white).
Structure: Higher highs/lows since Aug-20; volume expands on pushes, compresses on pullbacks.
HTF context: H4 pressing toward 200 EMA ≈ $64.7–$65.0 (key pivot).
Execution: Look for a bullish rejection/engulfing inside the box + 8/21 EMA hold (orange/blue) above the 200 EMA (white).
Risk: ≤ 1%. Move SL→BE after TP1.
Trade Confidence: ⭐⭐⭐⭐ (High if retest holds and 8/21 maintain bullish structure)
🔒 Want more? The Prime version below adds: alternate short plan at $64.7–$65.0, management ladder, HL tight-stop variant (~4R), and a full execution checklist. Follow on Skool, link in profile!
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💬 Thoughts on this setup?
WTI Crude Oil Trading Analysis: June-August 2025 - 25-AugustWTI Crude Oil Trading Analysis: June-August 2025 Review & Week of August 25th Recommendations
Analysis Date : August 23, 2025
Market : WTI Crude Oil Futures (CL1!)
Methodology : Dual Renko Chart System ($0.25/15min + $0.50/30min)
Volume Profile : 3-Month Monthly Analysis (June-August 2025)
Executive Summary
Market Regime: Oil has completed a major corrective phase from $72 highs to $61 lows, establishing a clear bottoming pattern with strong institutional accumulation. Current setup presents high-probability bullish swing opportunity with excellent risk/reward characteristics.
Current Status : Bullish reversal confirmed with multiple technical confluences at critical support zone. Recommended positioning for upside targets with systematic risk management protocols.
3-Month Market Structure Analysis (June-August 2025)
Phase 1: Distribution & Breakdown (June-July)
Price Action: $72 → $61 (-15% decline)
June Peak: Heavy red volume distribution at $71-72 level indicated institutional selling
July Decline: Clean Renko downtrend with sustained selling pressure
Volume Profile: Minimal volume during decline, suggesting limited buying interest until $63-64 zone
Phase 2: Accumulation & Reversal Setup (Late July-August)
Price Action: $61 → $63.50 (+4% recovery)
Institutional Buying: Massive green volume accumulation at $63-65 level
Support Establishment: $62-63 zone showing strong buying interest
Technical Reversal: DEMA crossover confirmed bullish momentum shift
Volume Profile Key Levels (3-Month Analysis)
Major Support Zones :
$62-63: Primary institutional accumulation (heaviest green volume)
$60-61: Secondary support with moderate green volume
$58-59: Ultimate support level (limited historical volume)
Resistance Zones:
$66-67: First institutional resistance (mixed volume)
$69-70: Major distribution zone (heavy red volume from June)
$71-72: Ultimate resistance (peak selling pressure)
Current Technical Analysis (August 23, 2025)
Dual Chart Assessment
$0.50 Chart (Structure Analysis):
Trend: Clear bottoming pattern completed at $61 low
Current Position: Testing above major institutional accumulation zone
Volume Confirmation: Trading within heaviest 3-month green volume cluster
Structure: Higher lows pattern emerging since $61 bottom
$0.25 Chart (Execution Analysis):
DEMA Status: Bullish crossover confirmed (Black above Red at $63.00)
DMI/ADX: +DI gaining momentum, ADX rising through 25 level
Donchian Position: Price above basis, testing toward upper band
Recent Action: 3 consecutive green bricks confirming upward momentum
Technical Confluences Supporting Bull Case
Volume Profile: Massive institutional support at current levels
DEMA Crossover: Clear trend reversal signal confirmed
Momentum: DMI showing bullish shift with strengthening ADX
Structure: Higher low pattern vs. $61 bottom
Risk/Reward: Excellent positioning near major support zone
Market Context & Macro Considerations
Current Oil Market Dynamics
Supply: OPEC+ spare capacity at 5.9 million b/d (bearish)
Demand: China slowdown offset by US resilience (neutral)
Inventories: Below 5-year average (bullish)
Refining: Margins supporting crude demand (bullish)
Federal Reserve Impact
Policy Stance: Potential September rate cut (bullish for commodities)
Dollar Weakness: Could support oil prices
Inflation Expectations: Rising energy costs could influence policy
Seasonal Factors
Driving Season: Peak summer demand ending (bearish)
Hurricane Season: Atlantic activity potential (bullish)
Refinery Maintenance: September turnaround season (mixed)
Conclusion & Strategic Outlook
Near-Term Assessment (1-2 weeks): The current setup represents a high-probability swing trading opportunity with exceptional risk/reward characteristics. The combination of institutional volume support, technical reversal signals, and favorable market structure creates optimal conditions for bullish positioning.
Medium-Term Outlook (1-3 months): Successful navigation through the $66-68 resistance zone could establish a broader recovery toward $70-72 levels. However, macroeconomic headwinds and seasonal factors require careful position management and profit-taking discipline.
Risk Assessment: While the setup is compelling, traders must respect the institutional accumulation levels as ultimate support. Any violation of the $62 zone would invalidate the bullish thesis and require immediate position liquidation.
Strategic Advantage: The dual Renko chart system provides both structural clarity and tactical precision, enabling confident position sizing and systematic risk management. The monthly volume profile offers institutional-level insight typically unavailable to retail traders.
Document Classification: Trading Analysis & Recommendations
Risk Disclaimer: Past performance does not guarantee future results. All trading involves risk of loss.
CRUDE OIL Pullback Ahead! Sell!
Hello,Traders!
CRUDE OIL is etching closer
And closer towards the
Horizontal resistance of 64.60$
So as we are bearish biased
We will be expecting a local
Pullback on Monday
After the retest
Sell!
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Hellena | Oil (4H): SHORT to support area of 60 (Wave "3").Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI OIL Buy signal if the 4H MA50 breaks.WTI Oil (USOIL) appears to have found short-term Support since the August 13 Low, turning sideways, with its 4H RSI however on Higher Lows, thus displaying a Bullish Divergence.
This is similar to the June 24 - July 02 Bullish Divergence, which once it broke above the 4H MA50 (blue trend-line), it topped a little over the 0.382 Fibonacci retracement level.
As a result, we will be waiting for the 4H MA50 bullish break-out signal to target $65.60 (Fib 0.382).
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Crude Oil Warning $66.40 Flip Signals $63.86 TargetWTI rolled over after failing near $68.66096 (top red dashed line). The breakdown through $66.40002 turned that level into resistance 🚧. After a sharp selloff, price is now hovering around the $65.54 area (thin entry line labeled 65.54232), just beneath the minor pivot band at 65.54 / 65.52 / 65.21 (green dashed cluster labeled 65.54232 • 65.52347 • 65.20824). The structure is lower-high → lower-low, which keeps momentum bearish while price holds below $66.40. If sellers keep control, the next magnet is the confluence support around $63.86661 (first lower green dashed line), with extension into $63.51000–$63.46746 if momentum accelerates.
You can also see repeated “S” tags on the push down from the high and into the mid-range, while the “B” tags cluster only at pullback lows—classic distribution behavior. Any spikes toward $66.07 (label 66.07275) and especially $66.40 should attract supply unless bulls reclaim and hold above that zone.
Trade setup 🎯 (from the chart):
• Entry: $65.54232 (≈ $65.54)
• Stop-loss: $66.07275 (≈ $66.07), conservative SL above $66.40002 if you prefer more room
• Targets: $63.86661 first take-profit; stretch targets $63.51000 → $63.46746
This offers a solid bearish R:R while price stays capped beneath $66.40. As it moves your way, book small profits 💰 at each objective, trail stops 🔒 (e.g., to $65.52 once under $65.21), and size the position to your own risk tolerance—WTI can spike on headlines.
Invalidation: A sustained reclaim and hold above $66.40 would neutralize the immediate bearish bias and open room back toward $68.66. Until then, the path of least resistance remains down 📉.
Oil Prices Drop on Russia-Ukraine Talks HopeOil prices decline in anticipation of potential negotiations between Russia and Ukraine
U.S. President Donald Trump announced plans to facilitate a meeting between Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin, following his Monday summit with Zelenskiy and European leaders. Zelenskiy called the talks with Trump “very productive,” highlighting discussions on U.S. security assurances for Ukraine. A resolution to the Russia-Ukraine conflict could lift sanctions on Russian energy exports, freeing up crude oil trade. Oil prices have dropped around 10% this month due to trade tensions and increased OPEC+ production.
Technically the price consolidates below the intermediate 6,300.00, forming the bearish pennant. Price is getting ready to decline. Here, the first target will be the major level of 6,000.00.
WTI Holds 62 Support Ahead of Washington TalksFriday’s meeting in Alaska set the stage for a potential shift in U.S.–Russia relations. Putin’s terms, discussed privately, are expected to be presented today in Washington during talks between Trump, Zelensky, and EU allies toward a possible ceasefire.
WTI’s latest drop is currently holding at the 0.618 Fibonacci retracement of the May–June uptrend, and precisely at the neckline of the inverted head and shoulders pattern around the $62 level. The Fibonacci retracement was applied from the $55 low to the $77.80 close, filtering out breakout noise beyond the upper border of the 3-year down trending channel.
• If 62 breaks, downside risks may accelerate toward the mid-zone of the channel, with key levels in sight at 61.40, 59.40, and 55.20, respectively.
• If 62.60 holds, and WTI reclaims ground above 65, we could see a recovery toward the upper edge with next resistance levels at 68.00, 70.00, 71.40, and 72.70.
Written by Razan Hilal, CMT
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Hellena | Oil (4H): SHORT to support area of 61.937 (Fibo lvl).Hello, colleagues!
Well, I think that the previous scenario is still relevant and the “ABC” correction is developing according to the scenario.
At the moment, I see a five-wave structure in the downward wave “C”. I expect a small correction to the area of 67.287, then a continuation of the downward movement to the area between 61.8% and 100% of the levels of Fibonacci extension - the support area of 61.937.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL H4 | Potential bearish dropBased on the H4 chart analysis, we can see the price has rejected off the sell entry which acts as a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop to the downside.
Sell entry is at 64.13, which is a pullback resistance that lines up with the 23.6% Fibonacci retracement.
Stop loss is at 67.06, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit is at 60.05, which is a multi-swing low support.
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USOIL rebounds from 6,300.0. Where next?USOIL rebounds from 6,300.0. Where next?
USOIL bounced back from the 6,300.0 mark on Tuesday, building on slight gains from the prior session, after President Donald Trump prolonged a tariff truce with China for an additional 90 days. The decision, made just before new tariffs were due, provided temporary relief from rising trade tensions that might hinder global growth and energy demand. The modest rise towards SMA50 and 6,500.0 level is expected. Market participants will also be waiting for OPEC’s monthly report, along with US EIA and IEA forecasts, for fresh supply–demand signals.
Crude Oil Weekly Outlook: Tariffs, Ceasefire, OPEC & CPI RisksKey Events This Week
• WTI drops to 62.60 ahead of major geopolitical and economic catalysts: Ukraine ceasefire, U.S.–China tariffs, OPEC report, and U.S. CPI
• Global tariff developments continue to shape sentiment and crude demand valuations, especially in relation to OPEC’s evolving supply strategy
WTI’s latest drop is currently holding at the 0.618 Fibonacci retracement of the May–June uptrend, and precisely at the neckline of the inverted head and shoulders pattern around the 62.60 level. The Fibonacci retracement was applied from the $55 low to the $77.80 close, filtering out breakout noise from the Iran–Israel escalation outside the borders of the 3-year down trending channel.
• If 62.60 breaks, downside risks may accelerate toward the mid-zone of the channel, with key levels in sight at 61.40, 59.40, and 55.20, respectively.
• If 62.60 holds, and WTI reclaims ground above 65, we could see a recovery toward the upper edge with next resistance levels at 68.00, 70.00, 71.40, and 72.70.
Written by Razan Hilal, CMT
CRUDE OIL Strong Downtrend! Sell!
Hello,Traders!
CRUDE OIL is trading in a
Downtrend and the price
Made a bearish breakout
Of the key horizontal level
Of 63.96$ and the breakout
Is confirmed so we will be
Expecting a further bearish
Move down on Monday!
Sell!
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WTI Crude Oil Analysis – Is a Major Wave 3 About to Begin?🛢 WTI Crude Oil Analysis – Is a Major Wave 3 About to Begin? 🚀
According to Elliott Wave count, it appears that the corrective Wave 2 has either completed or is in its final stages. The (ABC) corrective structure, combined with reactions to key Fibonacci levels, suggests a potential end to the correction and the start of a powerful Wave 3.
Key Fibonacci Support Levels:
📍 $60.39 – 50% retracement
📍 $58.84 – 78.6% retracement
As long as price holds above these levels, the bullish structure remains intact, with the ultimate target for Wave 3 projected well above the previous all-time highs.
💬 What’s your view? Is crude oil ready for a historic move, or is there still room for more correction?
✅ Save this idea & follow for future updates.
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🚀 Who am I?
I'm Mahdi, a prop firm trader with 7+ years of experience in technical analysis, mainly focusing on Smart Money Concepts and Elliott Wave theory.
I specialize in delivering high-quality trading signals, market insights, and educational content tailored for serious traders and investors.
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