November close Where will FX:USOIL close this month?
A. $65
B. $61
C. $58
D. Below $58 somewhere around $55
What do you think?
My guess would be B. $61 because there is RSI divergence on W timeframe.
Trade ideas
US OIL Short to 53.68The Commodity is expected to hit lower levels . The trend shows weakening of the Oil prices to the levels of 53 level.
The retracement is expected to the levels of 64.50 before the fall happens.
wti 4h🔹 Overall Outlook and Potential Price Movements
In the charts above, we have outlined the overall outlook and possible price movement paths.
As shown, each analysis highlights a key support or resistance zone near the current market price. The market’s reaction to these zones — whether a breakout or rejection — will likely determine the next direction of the price toward the specified levels.
⚠️ Important Note:
The purpose of these trading perspectives is to identify key upcoming price levels and assess potential market reactions. The provided analyses are not trading signals in any way.
✅ Recommendation for Use:
To make effective use of these analyses, it is advised to manually draw the marked zones on your chart. Then, on the 15-minute time frame, monitor the candlestick behavior and look for valid entry triggers before making any trading decisions.
CRUDE OIL Will Fall! Sell!
Hello,Traders!
USOIL is reacting inside the horizontal supply after a liquidity sweep, showing early bearish displacement. If rejection holds, price may continue lower toward the sell-side liquidity at the marked target zone.Time Frame 2H.
Sell!
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USOIL The Target Is UP! BUY!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 57.97 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 58.98
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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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WISH YOU ALL LUCK
Approaching Major Support (56.5–57.0) | Potential Double Bottom WTI Crude Oil – Multi-Timeframe Analysis
Monthly (1M)
WTI is approaching a major long-term support zone at 56.5–57.0. There is a potential monthly double bottom forming, but it’s still unconfirmed. Trend remains bearish as price stays below EMA20/EMA50.
Weekly (1W)
Momentum remains weak – RSI < 50 and MACD pointing down.
However, the 56.7 level has been tested three times, forming a strong structural support. No strong bullish signals yet, but buyers are defending the area.
Daily (1D)
Price keeps rejecting EMA50, confirming the broader downtrend, but Stoch RSI is entering oversold territory. A clean retest of 56.5 would form a daily double bottom. MACD is flattening near zero, showing early signs of exhaustion.
4-Hour (4H)
This is where the strongest bullish signals appear:
MACD deeply oversold
RSI showing bullish divergence
Stoch RSI turning up from zero
Clear reaction from 57.18 support
This timeframe suggests a potential short-term bounce.
WTI Crude Returns to the Year’s LowsIn recent trading sessions, WTI crude oil has posted three consecutive losing sessions, recording a decline of more than 4.7% in the short term. Selling pressure remains steady, driven by concerns over a potential market oversupply, especially with the upcoming OPEC+ meeting in December. Additionally, weaker market confidence has raised expectations of lower short-term demand for oil, reinforcing a sense of uncertainty in crude price movements. If this trend persists, it could result in stronger selling pressure in the coming sessions.
Downtrend Remains Firm
For now, the downward movements have maintained a bearish trendline that has persisted over recent months. So far, buying attempts have not been strong enough to challenge this structure. As the price approaches the year’s lows, the downtrend could become even steeper in the coming sessions.
RSI
The RSI indicator continues to show consistent oscillations below the neutral 50 level, suggesting that the average momentum over the past 14 sessions remains predominantly bearish. If the RSI continues to decline, this could indicate stronger selling pressure in the next few sessions.
TRIX
Meanwhile, the TRIX indicator remains below the neutral 0 level, signaling that the average strength of the exponential moving averages continues to favor a bearish bias. As long as this sentiment persists, selling momentum is likely to remain dominant in WTI crude’s price action.
Key Levels to Watch:
$57 – Key Support: Represents the year’s low zone and serves as the main bearish barrier. A break below this level could reinforce the ongoing downtrend and extend selling pressure in the coming sessions.
$60 – Nearby Barrier: Corresponds to the 50-period simple moving average. Price movements returning to this level could trigger indecision and lead to a short-term sideways range.
$64 – Major Resistance: Aligns with the 200-period moving average and represents the most important bullish barrier in the short term. If the price reaches this level, it could revive buying momentum and challenge the current bearish structure.
Written by Julian Pineda, CFA, CMT – Market Analyst
USOIL BEARISH BIAS|SHORT|
✅CRUDE OIL rejected the 3H supply after taking buy-side liquidity, producing strong bearish displacement. With order flow turning lower, price is likely to seek the sell-side liquidity resting at the marked target zone. Time Frame: 3H
LONG🚀
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Weekly Oil Candle AnalysisAs you can see, oil has been in a long-term downtrend, and this trend has been weakening over time.
Toward the end of this trend, the last few candles show that price is entering a compression zone, which usually leads to a strong move afterward. Now we need to wait and see in which direction this “spring-like” compression will release, so we can follow the trend once it starts.
XTI/USD Short Bias – Can Sellers Maintain Control?🛢️ WTI/USOIL BEARISH SWING TRADE - ENERGIES MARKET OPPORTUNITY 📊
⚡ TRADE SETUP: SHORT OPPORTUNITY
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📍 ASSET: XTI/USD (WTI Crude Oil) | ENERGIES
⏰ TIMEFRAME: Swing Trade (4H - Daily)
📈 BIAS: BEARISH ⬇️
💼 ENTRY STRATEGY - "LAYERING METHOD" 🎯
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Use Multiple Limit Order Layers for optimal entry execution:
✅ Layer 1: $60.00
✅ Layer 2: $59.00
✅ Layer 3: $58.00
💡 Why This Works:
Averages down your entry price
Reduces slippage risk
Allows gradual position building
Maximizes fill probability
🔧 CUSTOMIZABLE: Adjust layers based on YOUR risk management & capital allocation
🛑 STOP LOSS ⛔
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📌 Recommended SL Level: $61.00 (above supply zone)
⚠️ DISCLAIMER: This is a reference point only. Adjust YOUR stop loss based on:
Your risk tolerance
Account size
Trading strategy
Technical support/resistance
🚨 Risk Management First: Never risk more than 2-3% per trade
🎯 TAKE PROFIT TARGETS 💰
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Primary Target: $53.00 ⬇️
📊 Technical Confluence at $53.00:
✓ Strong support zone (oversold recovery area)
✓ Reversal trap potential
✓ High probability profit zone
💡 Profit-Taking Strategy:
Scale out 1/3 at $56.00 (quick gains lock)
Scale out 1/3 at $54.50 (momentum confirmed)
Scale out 1/3 at $53.00 (final target)
⚠️ DISCLAIMER: This is guidance only. Your profit targets should align with YOUR strategy, market conditions, and risk/reward ratio. Take profits at YOUR comfort level.
═══════════════════════════════════════════════════════════════
🔗 CORRELATED PAIRS TO WATCH 📡
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1. USD/CAD (USDCAD) 📈 POSITIVE CORRELATION
• Current: ~1.4320
• Why: Canada is oil-exporting nation. Oil ⬇️ = CAD weakens
• Action: Watch USD strength - if USD rises, more pressure on oil
• Impact: ⭐⭐⭐⭐⭐ (5/5 Relevance)
2. S&P 500 (US500) 📊 INVERSE CORRELATION
• Current Level: ~6,800+
• Why: Rising energy costs = lower corporate margins = stock weakness
• Action: If stocks fall, risk-off → oil likely continues lower
• Impact: ⭐⭐⭐⭐ (4/5 Relevance)
3. US Dollar Index (USDZZ) 💵 STRONG NEGATIVE CORRELATION
• Why: Oil priced in USD. Strong dollar = cheaper oil for foreigners = lower demand
• Action: Monitor DXY strength - bullish USD = bearish oil
• Impact: ⭐⭐⭐⭐⭐ (5/5 Relevance)
4. Natural Gas (NATGAS/TradingView equivalent) ⚡ SECTOR CORRELATION
• Why: Both energy commodities, affected by demand
• Action: Watch as confirmation signal for energy sector weakness
• Impact: ⭐⭐⭐ (3/5 Relevance)
5. Russian Ruble (USDRUB) 🇷🇺 COMMODITY-LINKED CORRELATION
• Why: Russia major oil producer. Oil prices directly impact RUB
• Action: Weak ruble often signals oil pressure from supply concerns
• Impact: ⭐⭐⭐ (3/5 Relevance)
📋 TRADE CHECKLIST ✓
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✅ Check USD strength confirmation
✅ Verify oversold condition on daily chart
✅ Confirm supply zone rejection above $61
✅ Monitor correlated pairs for confirmation
✅ Set alerts on each layer ($60, $59, $58)
✅ Define your max loss amount (2-3% rule)
✅ Plan exit strategy BEFORE entering
⚡ KEY POINTS SUMMARY 🔑
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🎯 Entry: Layered approach ($60→$59→$58)
🛑 Stop Loss: $61.00 (adjust to YOUR strategy)
💎 Target: $53.00 strong support
📊 Risk/Reward: Define YOUR ratio before entry
🔔 Confirmation: Watch USD, stocks, CAD correlation
WTI Crude Oil (USOIL) Bearish OutlookOil is showing clear signs of weakness after rejecting the 61.80–62.00 resistance zone, which has acted as a strong supply area multiple times before. The price failed to maintain bullish momentum and is now turning lower, confirming potential bearish continuation.
The RSI is also pointing down from mid-levels, supporting further downside pressure. If sellers remain in control, a drop toward the 58.00–56.30 zone looks likely.
🔹 Resistance: 61.80 – 62.00
🔹 Support: 58.00 / 56.30
🔹 Bias: Bearish below 61.80
🔹 Timeframe: 4H
Structure remains bearish as long as price trades under the resistance zone — next wave down could be strong.
Best spot to go long on OIL / WTINeed I to say more.
Oil has had not one but three attempts to go and break the $56 level which we consider as a base price since some time now for this commodity and it has failed. Then it has has a very decent upwards impulse (which for the time being we will take as an A wave) followed by quite a long and structured correction with a false break out inside as well. At this point, it cannot get better than this to go long from today's low.
First target is the +0.27% of the aforementioned impulse that took the price from $56 of October 20 to $62 of October 24.
Levels on the chart, trade with care. If structured properly this is at least a 1:10 risk to reward operation.
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USOIL H4 | Bearish Drop OffMomentum: Bearish
The price is currently moving along a descending trendline and remains below the Ichimoku Cloud, indicating continued downside pressure.
Sell entry: 60.35
Pullback resitance
Stop loss: 61.42
Pullback resistance
Take profit: 58.21
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CRUDE OIL (WTI): Bullish Move After Trap
There is a high chance that Crude Oil will pull back
from the underlined daily key level.
I see a confirmed bear trap followed by a bullish imbalance
candle on an hourly.
I expect a rise at least to 58.51 level.
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Crude Market Stalls as Prices StruggleCrude Market Stalls as Prices Struggle
Fundamental Analysis
1. USOIL remains under pressure on persistent oversupply concerns, with weak economic activity weighing on demand.
2. This is further compounded by a stronger U.S. dollar, which continues to pressure oil prices.
Technical Analysis
3. Technically, USOIL is trading within a descending channel, making lower swings while a bearish EMA stack confirms the prevailing downtrend.
4. The recent rebound lacked momentum and quickly slipped back below the EMA stack, suggesting it was only a short-term rally within a broader bearish trend, with no signs of a bullish reversal so far. Any rebound would be an opportunity to make a lower high.
5. The rejection of resistance around 61.50 signals renewed downside risk, opening the way for a potential move back toward the previous low near 55.00.
Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
US OIL SUPPORT, RESISTANCE & TRENDLINE ANALYSISHello Guyzz apologies for ghosting out.
Let's do this. Go "LONG" only if it break 60 and above its a key hurdle and sellers are active with 60.22 and 60.69 as the possible targets.
Go "SHORT" below 59.92 with 59.60 as the first target and breaking that might lead to 59.29 and breaking further might go till 58.98 and lastly 58.52.
USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 59.57
Target Level: 56.37
Stop Loss: 61.70
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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Potential bullish reversal?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 61.8% Fibonacci resistance.
Pivot: 59.38
1st Support: 59.01
1st Resistance: 60.16
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WTI OIL Is it possible to crash at $30.00?WTI Oil (USOIL) has been declining for 3 straight months (current red 1M candle is the 4th one) since the June 2025 rejection on the 1W MA100 (red trend-line). That has been the last rejection of a series of Lower Highs rejections on the 1W MA100 in the past 2 years.
On the much longer-term scale, this is the aftermath of the March 2022 market Top, made as a direct result of the Ukraine - Russia war. On a 17-year horizon, that was the 2nd Lower High of the multi-year Channel Down that WTI has been trading in since the July 2008 Top of the Housing Crisis.
As you can see, there is a high degree of symmetry on this pattern with Lower Lows in particular (market bottoms) getting formed around every 5-6 years. The use of the Time Cycles can fairly accurately project this. The next one is estimated to be towards the end of 2026, which matches perfectly the projected Bear Cycle bottom on the stock markets.
Based on this model, we may very well see WTI drop to as low as $30.00. A fairly solid bottom buy indicator would be when (if) the 1M RSI breaks below its 30.00 (oversold) barrier.
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WTI resumes slideExcess supply concerns continue to hold back oil each time it tries to stage a recovery, and today it looks like the market has decided that it wants to trade below $60 per barrel. WTI has been testing this barrier from underneath for a few days but today it looks like the advance has been rejected once again. Prices have broken below the lows of the past two days, thus triggering some stops. From here $58.00 could be the next stop, below which there is nothing significant in terms of support until $55.00.
By Fawad Razaqzada, market analyst with FOREX.com
WTI Crude capped at 6100 ahead of weekly inventoriesThe WTI Crude continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 6100
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at 6100):
A failed test and rejection at 6100 would likely resume the bearish momentum.
Downside targets include:
5835 – Initial support
5768 – Intermediate support
5667 – Longer-term support level
Bullish Scenario (breakout above 6100):
A confirmed breakout and daily close above 6100 would invalidate the bearish setup.
In that case, potential upside resistance levels are:
6150 – First resistance
6220 – Further upside target
Conclusion
WTI Crude remains under bearish pressure, with the 6100 level acting as a key inflection point. As long as price remains below this level, the bias favours further downside. Traders should watch for price confirmation around that level to assess the next move.
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.
Market Analysis: WTI Crude Oil Extends RecoveryMarket Analysis: WTI Crude Oil Extends Recovery
Crude oil price is rising and it could climb further higher toward $62.00.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices are moving higher above the $60.00 resistance zone.
- There is a key bullish trend line forming with support near $59.80 on the hourly chart of XTI/USD.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil, the price started a decent increase from $58.00 against the US Dollar. The price gained bullish momentum after it broke $59.00.
There was a sustained upward movement above $59.50 and $60.00. The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 70. A high was formed near $60.75 before there was a minor pullback.
The price declined toward the 23.6% Fib retracement level of the upward move from the $58.11 swing low to the $60.75 high. However, the bulls are active above $60.00. There is also a key bullish trend line forming with support near $59.80.
Immediate resistance is near $60.75 level. If the price climbs further, it could face hurdles near $61.50. The next major stop for the bulls might be $62.20. Any more gain might send the price toward $63.50.
Conversely, the price might correct gains and retest the 50-hour simple moving average or the trend line. The next area of interest on the WTI crude oil chart is near the 61.8% Fib retracement at $59.10. If there is a downside break, the price might decline to $58.10. Any more losses may perhaps open the doors for a move toward $56.50.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
