WTI Spot crudeinverted head and shoulder observed if breakout given target too in chart. Not a sebi registered analyst . No buy, sell and hold recommendation personal view.
CLOIL trade ideas
WTI SPOT CRUDEBearish butterfly appear completed, and near completion ratio once reversed, Wave wise also reversal possible wave B in lower degree appear to be completed.
Crude Oil Analysis (WTI / USOIL):Crude oil is currently trading near a key resistance area around $66.30.
🔻 Bearish Scenario:
A break and close below $65.50 may lead to a decline toward the next major support at $64.50.
🔺 Bullish Scenario:
If the price breaks back above $66.35 and holds, we may see a retest of the $66.90 zone.
📈 Continued bullish momentum could drive the price 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.
US OIL Potential ShortHi Traders.
Wait for the right shoulder to develope a lillte
bit more and a breakout from the right shoulder
to confirm this setup
WTI Crude key support zone at 6553The WTI Crude Oil remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 6553 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 6553 would confirm ongoing upside momentum, with potential targets at:
6850 – initial resistance
6950 – psychological and structural level
7090 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 6553 would weaken the bullish outlook and suggest deeper downside risk toward:
6400 – minor support
6310 – stronger support and potential demand zone
Outlook:
Neutral bias remains intact while the WTI trades around pivotal 6553 level. A sustained break below or above this level could shift momentum.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
BUY USOILI'm sharing with you our trade today on OIL.
The reason we're buying is because yesterday the market grabbed the LQ now it is reversing to climb higher to fill all of the FVG we got in the previous movement.
For a safe entry, wait for the price to come back to our entry poin at 65.800 since I myself am waiting for the price to come to our entry point.
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WTI Crude: Bulls on the Back FootWTI crude oil has found plenty of willing buyers beneath $65 per barrel recently, often acting as a launchpad for abrupt squeezes higher. But with supply gushing as OPEC+ returns 2.2 million barrels per day to market at a time when concerns about the U.S. economy are growing, whether that continues remains debatable—especially after the sharp $5-plus slide over the past week.
With the price closing at its lowest level since early June on Tuesday, traders should be alert to the risk of an extension of the bearish move.
Given how often the price has been bid up beneath $65, the inclination is not to act immediately if Tuesday’s lows are taken out. Instead, $63.70 is a level to watch, having acted as resistance through May and June. A break below there would create a cleaner setup for shorts, allowing positions to be initiated with a stop just above for protection. $62.00 saw some action earlier in the year, but $60 looks the more compelling downside target.
RSI (14) is beneath 50 while MACD is negative, having already crossed below the signal line—both hinting that selling rallies may work better than buying dips near term.
Of course, if the contract can’t break $65 meaningfully despite the bearish backdrop, the setup could be flipped, allowing for longs to be established above with a stop beneath, targeting either the 200-day moving average or $68.44 resistance.
Good luck!
DS
CRUDE OIL Bullish Bias! Buy!
Hello,Traders!
CRUDE OIL keeps falling down
And the price will soon hit
A horizontal support of 64.00$
From where we will be
Expecting a local bullish rebound
Buy!
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USOIL FREE LONG SIGNAL|
✅CRUDE OIL retested the strong support level of 65.14$
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the Take Profit of 65.93 and SL of 64.69$
LONG🚀
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USOIL Bulls Seize a New OpportunityThe EIA crude oil inventory data is scheduled for release today and is expected to have a significant impact on USOIL prices. Based on the previously released API report, there’s a high probability that the EIA data will also be bullish.
From a technical perspective, USOIL is currently showing signs of a potential rebound. Therefore, for traders participating in USOIL today, it may be more favorable to adopt a bullish bias. If managed well around key support levels and timing, the setup could offer attractive profit opportunities.
Oil Faces Bearish Turn After Speculative SpikeOil Faces Bearish Turn After Speculative Spike
Since June 24, 2024, when oil prices reached $64 entered a 38-day bullish correction. Based on the chart, this move appears to be forming an ABC corrective pattern, which may now be nearing completion.
From here, a renewed decline is likely, with potential downside targets at $65, $60, and $56.
Geopolitical Speculation Oil prices jumped in recent days following President Donald Trump's heightened rhetoric toward Russia. His announcement of a tighter deadline to end the war in Ukraine, along with tariff threats targeting countries trading Russian oil, stirred market reactions.
However, this rally seems driven more by speculation, and oil may soon resume the bearish movement again.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
USOIL - watch upWill play down for a long term buy, look the cross zone to find the spot above and entry point below.
USOILUSOIL price is now testing the support zone of 64.72-63.88. If the price cannot break through the 63.88 level, it is expected that the price will rebound. Consider buying in the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Wait for a surge in oil price to around 120$Taking into account the price action specially in the daily timeframe that an inverse head and shoulders pattern are visible and the strong weekly support and taking into account the escalation of conflicts and war in the middle east, it's non of a surprise to see a 120$ oil price in a matter of some weeks or months.
USOIL drops on rising supply and demand concernsUSOIL drops on rising supply and demand concerns
Oil prices fell Tuesday as OPEC+ planned a 547,000 bpd output increase for September, overshadowing potential Russian oil supply constraints from U.S. policies. Brent and WTI crude dropped to their lowest in a week, marking a fourth consecutive decline. OPEC+’s reversal of 2.5 million bpd cuts, combined with weak demand outlooks due to U.S. recession risks and China’s lack of new stimulus, pressured prices. Trump’s threatened 100% tariffs on Russian crude buyers like India, which imports 1.75 million bpd, heightened trade tensions but failed to lift oil prices. Analysts warn U.S. tariffs could further weaken global growth and fuel demand.
USOIL shows some in-moment strength on RSI on 1-h chart, the price may rebound towards sma200 at 6,700.00. However, in long-term perspective, low oil price is expected. Eventually, the price may decline towards level of 6,000.00.
TP REACHED ON OUR TRADE ON OILEarly this morning I posted to sell on OIL, now here I am with the results of the price reaching our TP.
Our entry was based on a reversal and a FVG as you can see on the chart, target was the previous low which the market exactly reached.
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Crude Oil Elliott Waves With the completion of Wave 3, we are now approaching the end of Wave C.4(50% Fibonacci levels of Wave 3).Once Wave 4 is fully formed, a lower low is expected to follow as part of Wave 5.
Oil short: breakdown from triangle againThis idea is backed by my general view that the stock market is going to crash in August. what this means is that we are going into a risk-off environment and there will be reduced consumption and demand for oil too.
Technically, I pointed out 4 things in this chart:
1. Descending triangles
2. Lower highs
3. 3rd breakdown (after a false break to the upside)
4. A corrective wave structure
Good luck!
SELL USOILI'm sharing with you our trade for this morning on OIL, which we caught based on a reversal and the 2:25am (NY Time) FVG.
Follow for more!
USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 66.22
Target Level: 69.94
Stop Loss: 63.73
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Hellena | Oil (4H): SHORT to support area of 65.944.Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work.
(Breakeven=Risk Free: Move Stop loss to the entry level).
The price has nevertheless shown a stronger correction, and I now believe that the medium-term “ABC” waves have not yet formed, nor has the large “Y” wave.
This means that I expect the completion of wave “B” and then a continuation of the downward movement in wave “C.”
I consider the support area of 65.944 to be the minimum target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Oil Seems to soon drop downOil grand super Cycle suggests a further down move pursuing wave B towards 57.845 or 50.268. However before this great move down, we should see a slight fall to 66.104 or 65.673 the a sudden jump to 69.141 from that level we may see a drop in probably august to the 50.268 or 62.858
UPDATEOn our 2nd trade of the day we closed before the price reaches our main target.
As y'all can see on the chart, the price couldn't break our 4:30am FVG, so as soon as it came back off it we immediately closed our position with a RR of 1:2
See you tomorrow!
