Crude Oil (WTI / USOIL) Analysis:Crude oil is currently trading near a short-term resistance area at $64.00, while the overall trend remains bearish.
🔻 Bearish Scenario:
If the price breaks below $63.25 and holds beneath it, we could see a move toward the $62.00 support level.
🔺 Bullish Scenario:
If the price regains strength and breaks above $64.00, it may retest the $65.00 level. With continued bullish momentum, it could reach as high as $66.30.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
CLOIL trade ideas
WTI: Oil Markets on Edge Despite Trump Considering Major TariffsOil prices could drop if Trump backs down on tariffs on countries buying Russian oil, but short-term bullish catalysts, like geopolitical tensions and bullish speculative bets, may still push prices up before longer-term headwinds take hold.
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Trump’s threats of steep tariffs on countries buying Russian oil have sent oil prices surging, as traders fear a global supply crunch if Russian barrels are cut off.
But here’s the twist: Trump has a history of backing down or delaying tariffs after using them as leverage. When he does, oil prices usually fall, as the immediate risk of supply disruption fades.
If he caves in again by the deadline, which is 10 to 12 days from 4 August, or extends it, oil prices could drop. The bigger picture also appears bearish: OPEC+ is ramping up supply, global demand is slowing and expected to drop in H2, and inventories are rising (first glimpse by EIA, Wed).
But with the deadline falling around 14–16 August, 2025, short-term bullish catalysts could spark a rally up to the 38.2%-61.8 % Fibonacci retracement levels, positioning WTI better for declines (conditional on Trump!).
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Oil continues to decline due to geopolitics optimismOil continues to decline due to geopolitics optimism
A Kremlin official announced that Presidents Trump and Putin will hold a summit soon, their first since 2021, with a White House source suggesting it could occur as early as next week. Optimism surrounding potential U.S.-Russia discussions on the Ukraine conflict has alleviated concerns about oil supply disruptions, despite U.S. sanctions targeting India for its continued Russian crude imports. Trump introduced a 25% tariff on Indian goods and signaled possible additional tariffs on China. However, increased OPEC production and ongoing trade tensions remain key concerns, raising fears of slower economic growth and reduced demand.
Technically, USOIL trades just above the 6,300.00 support level. Insignificant rebound from this level is expected with possible decline towards crucial 6,000.00 support level.
USOIL: Respecting support, repeating opportunity The chart on USOIL presents a compelling technical setup that blends structure, behavioral dynamics. The core technical analysis here lies in this support zone that is well-defined area that has been tested multiple times and consistently held, suggesting strong demand.
The narrative structure is one of rebound. Every time price approaches the support zone, the reaction is not only immediate but also structured, price responds with conviction.
So I am recognizing the strength of the reaction and forecasting an upward move to the 68.50 level.
The target at 68.50 is achievable, acting as both a profit objective and a psychological level, round enough to attract attention and previously strong enough to cause a drop. If momentum sustains, a breakout from there would depend on volume confirmation and structure shifts, but for now, the play back into that range makes sense and respects both the chart’s geometry and price action logic.
Not reacting to noise, but to repeatable high-probability zones.
WTI crude spotafter breaching 65.238 wti get more weaker as its wave 3 or c open and may take it to 57-58 $ but one bearish crab again also appear may develop. Levels in chart, sell on rally market but near that level with sl and buy signal one can see reversal. I am not Sebi registered analyst. This is not buy , sell hold recommendation.
USOIL H4 | Potential bearish dropUSOIL has rejected the sell entry which has been identified as a pullback resistance and could drop from this level to the downside.
Sell entry is at 64.76, which is a pullback resistance.
Stop loss is at 66.63, which is an overlap resistance.
Take profit is at 60.50, which is a multi-swing low support.
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Oil Left Bulls Bruised and Bankrupt: A Silver Lining for RecoverFenzoFx—Crude Oil remains bearish, taking out bulls and breaking July's low this week—an unexpected move for the month. WTI Crude currently trades near $65.2, aligning with its prior market structure shift from bearish to bullish, marked by a bullish engulfing on June 6.
Forecast : Immediate resistance stands at July's low of $65.5. If price breaks above, Oil may begin to recover some losses. Technically, the next upside target is the order block at $67.29.
UPDATE ON THIS MORNING'S TRADEEarly in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal.
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
Follow for more!
Crude Oil (WTI / USOIL) Analysis:Crude oil is currently trading near a short-term support zone around $64.70.
🔻 Bearish Scenario:
If the price breaks below $64.00 and holds beneath it, we could see a decline toward $63.60 as the first target, followed by $62.00 as a secondary target.
🔺 Bullish Scenario:
On the other hand, if the price regains bullish momentum and breaks above $65.00, we may see a retest of the $66.70 area, and with continued buying pressure, a potential move toward $67.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
OIL - shortFollowing our previous forecasted up-move, from now on we will switch to looking for sell setups only. We would normally expect the C wave of the corrective pattern retrace all the way to the 0.618 fib of the downward impulse, as the A wave had already retraced to the 0.382. But that isn't necessarily always the case. As long as the C retracement has broken the top of the A retracement, the pattern formally speaking can be complete. We will not be looking for further buys, therefore, from now on. Even if it does continue to the 0.618, we will skip the eventual buy and focus on the sells. At the same time, because the eventuality of more up exists, we will wait for a proper sell setup before we enter any short position. Updates will follow.
OIL BUYIndia's purchases of Russian oil might come at a steep price if President Trump goes ahead with the implementation of extra 25% tariffs on New Delhi's goods. "Countries facing this potential secondary tariff must weigh the benefits of buying discounted Russian crude against the potential cost to trade with the U.S.," ING's Warren Patterson says. Indian exports to the U.S. amount to around $87 billion, while savings from discounted Russian oil would be around $6 billion, according to the firm. "While comments from India suggest that the country will do what's best for its citizens, reducing or stopping Russian oil purchases makes more sense," the head of commodities strategy says.
USOIL declines on possibility of geopolitical stabilityUSOIL declines on possibility of geopolitical stability
Crude oil and gasoline prices fell August 6 after an early rally, as Trump announced "great progress" in U.S.-Russia talks to end the Ukraine war, reducing fears of new sanctions on Russian energy exports. Additionally, OPEC+’s planned 547,000 bpd production increase for September further pressured prices amid concerns of a global oil supply glut.
Technically, USOIL broke crucial local support at 6,500.00. Currently, the price is retesting this level. The decline towards 6,300.00 is expected in short-term.
Could Oil (WTI) Be Breaking Out of its Range?Oil (WTI) has moved back to the forefront of traders thinking this week after OPEC+’s weekend decision to raise September production by circa 550k barrels per day. They also put traders on notice that all options remain open regarding further production increases to replace another output layer, amounting to 1.66 million barrels per day that has been offline since 2023. A decision on what comes next is due to take place at a meeting scheduled for September 7th.
Perhaps unsurprisingly, this potential for extra production (supply) being unleashed into the market later in the year has led to some downside pressure for Oil this week. This is because it comes at a time of uncertainty surrounding Oil demand due to possible weaknesses in the global economy, created by President Trump’s tariff policies. Oil (WTI) prices have fallen 4.8% from opening levels on Monday to post a new 1 month low at 64.20 yesterday, a level that it currently holding (more on this in technical update below).
Looking forward, one of the challenges traders are facing for where Oil moves next is President Trump’s August 8th deadline for Russia to end the war with Ukraine or face fresh sanctions on its energy exports. President Trump has also suggested he would increase tariffs on countries buying Oil from Russia, including China, although right now India is his initial focal point in this regard and yesterday, he doubled tariffs on Indian goods (25% to 50%) due to the country’s purchases of Russian Oil. These new tariffs are due to start in 3 weeks’ time.
With so much uncertainty surrounding Oil prices, including reports of a possible meeting between President Trump and President Putin being scheduled at some stage next week, it could be useful to be prepared for a potential increase in Oil (WTI) price volatility.
Technical Update: New Correction Lows Posted
Having seen the sharp sell-off in Oil between June 23rd and 24th 2025, a period of more balanced activity developed, as a reaction to over-extended downside conditions in price.
As the chart above shows, this resulted in a phase of sideways price activity between support marked by the 65.21 June 24th low, up to 71.34, which is equal to the July 30th failure high. However, price declines on Wednesday this week, have produced closes below 65.21, in the process of posting a new correction low at 64.20.
While communications between the US and Russia regarding the war in Ukraine are on-going, this type of break lower in the Oil price is no guarantee of future declines, so it could be helpful to assess what could be the potential support and resistance levels to focus on, just in case the outcome of these events lead to an increase in Oil price volatility.
Possible Next Support Levels:
As we have said above, the August 6th price weakness has seen a new correction low posted at 64.20, and this may now be viewed as the first support focus. Closes below 64.20 might then lead to a more extended decline in price.
Such moves would indicate the potential of further price weakness, with the next support possibly marked by the May 30th session low at 60.17, perhaps further towards 55.64 (May 5th low), if this level in turn gives way.
Potential Resistance Levels:
On the topside, within a period of price weakness, it can be the declining Bollinger mid-average that reflects the first possible resistance, and for Oil this currently stands at 67.44. Closing breaks above 67.44, if seen, could prompt further attempts to develop price strength to test higher resistance levels.
The first possible level would appear to be marked by 71.34, which is the July 30th session high. If this level was broken on a closing basis, it might then lead to tests of 73.29, which is equal to the 61.8% Fibonacci retracement of the June 23rd to June 24th sell-off.
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OUR TRADE FOR THE DAYEarly today, I posted that we'll be waiting for the market to give us an entry after grabbing the liquidity, we did have it and caught it.
I didn't share it since it was given to my students.
As you can see on the chart, the market gave us a FVG after that it did grab the liquidity which we entered based on to target again the LQ level to close with a good margin.
Follow for more!
WTI Under Attack – Rob the Market with This Bear Setup🛢️💣 WTI Oil Short Raid: Bearish Heist Activated! 💣🛢️
📉 Thief Trader’s Limit-Layered Attack Plan 🔐
💥 Attention Market Robbers & Chart Breakers! 💥
We're about to break into the XTIUSD / US Oil Spot vault — Bearish style.
🚨 The Setup:
This ain’t your average breakout — we’re talking high-precision, multi-layered entries on a downside raid.
🧠 Thief Trader Strategy: Drop limit orders at key zones like trip wires. Let price walk into your trap.
🎯 Plan:
🧱 Entry: Any level after MA resistance confirmation.
Layer multiple limit orders — DCA-style — after trend shows weakness.
🛑 Stop Loss: 66.300 🔒
Protect your vault. Place SL just above major 4H rejection zone.
🎯 Target: 60.000 💰
Profit at exhaustion level. This is where bulls cry, and we cash out.
🧠 Robbery Logic Backed By:
COT Data 📊
Crude Oil Inventories 🛢️
Macro + Sentiment Flows 🌐
Technical MA Break + Retest Patterns 🎯
🔥 Why this isn’t a random short?
Because thieves do research — not guesswork.
Bulls have overextended. Oil’s price is reacting to strong supply pressure and weakening demand outlook.
⚠️ Risk Note:
No entry without trend confirmation.
No blind shots — place alerts and wait for the setup.
This is a sniper job, not a shotgun spray.
💬 Join the Robbery Crew
Smash that ❤️ & Boost if you're riding with the thieves!
Drop your charts, entries, or sniper shots in the comments 💬
We rob together. We win together.
🔔 Follow for more heist plans – next market break-in coming soon.
💰 Rob Smart. Trade Sharp. Exit Clean. 🏴☠️
USOIL 2H – Trendline Break Sell Setup✅ Key Observations:
1. Chart Type: Candlestick chart (2h interval).
2. Trend Line: An uptrend line (red) is drawn, now broken to the downside.
3. Ichimoku Cloud: Price has broken below the Ichimoku cloud, signaling potential bearish momentum.
4. Red Arrow: Indicates a potential short entry point where price broke below the trendline.
5. Downside Targets:
1st Target Point: $64.00
2nd Target Point: $60.00
6. Bearish Projection: A large blue arrow pointing downward from the breakdown level implies a strong sell setup.
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🎯 Your Trade Setup (based on chart):
Entry (Sell): Around $67.25–$67.50
Stop Loss: Above recent high or Ichimoku resistance, approx $68.70
Target 1: $64.00
Target 2: $60.00
Risk-Reward Ratio: Favorable, around 1:2.5 or better depending on entry