WTI - can rally towards 64Looking for a rally. Last couple of days low should be the stop loss
Short term tactical trade with narrow SL
CLOIL trade ideas
$300 oil and $100 silver are not a question of if, but when.The historical record is undeniable.
Destroy purchasing power, and you get higher oil and silver prices.
That’s why $300 oil and $100 silver are not a question of if, but when.
Crude Oil Analysis (WTI / USOIL):Currently, oil is trading near the $62.20 level, with the overall trend still bearish but showing signs of a potential rebound.
🔻 Bearish Scenario:
If price breaks below $61.80 and holds, it may target $61.00. Continued selling pressure could push it further toward the strong support area at $60.00, which is considered a potential rebound zone.
🔺 Bullish Scenario:
If price manages to break above $62.60 and hold, it could rise toward $63.00, with the potential to retest the $64.30 area.
USOIL Will Move Lower! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 62.604.
The above observations make me that the market will inevitably achieve 60.001 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL price reactionFVG on 15 min filled, now price could react here and we get a bounce to R1, 1H lower BB is essentially the bottom of the 15min FVG.
If price doesn't hold the 61.8-62 area, price could retrace to S1.
RSI on oversold 1H, 15 min
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.
Crude oil fell as expected, take your profitsThe short positions we previously opened near 62.5 for US crude oil have now fallen smoothly and made substantial profits. Please pay attention to the support strength at the 60 position. Conservative investors can close their positions and pocket the profits.
TP REACHED2h ago, I posted to sell on USOIL, the price has reached our target 15min ago.
A good trade for the beginning of the week!
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Crude Oil Analysis (WTI / USOIL):The price of oil is currently trading near $62.30, and the overall trend remains bearish.
🔻 Bearish Scenario:
If the price breaks below $62.00 and holds, it may target $61.00. Continued bearish pressure could drive the price toward the strong support zone at $60.00, which is considered a potential rebound area.
🔺 Bullish Scenario:
If the price manages to break above $63.00 and hold, it may retest the $64.30 level.
USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 62.42
Target Level: 68.54
Stop Loss: 58.34
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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My view on oil is not positive for the next 3 years.In my observation, the last 2 months of the 2nd quarter of the year according to the cycle is the breakout level to determine the trend. Oh, and one more thing, it needs a monthly candle to sink down in the next 2 months to be more consolidated and can be considered a sufficient condition to legitimize this investment idea.
SELL USOILHere we are again with a new trade on USOIL, in which u=you can sell following the same levels as mine.
We sold after that the price did grab the liquidity and gave us a FVG to enter based on.
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Crude oil needs to open a short positionWe remain bearish on crude oil today. With the start of new contract delivery, crude oil is still weak. We would consider continuing to short it on a rebound. There are no bullish signals for crude oil, with no fundamental or technical support. If it breaks below 60.00, it will plummet again. Consider shorting it on a rebound near 63.00 today.
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
Crude Oil under pressure, bulls watch $60Oil prices edged higher as markets focused on Trump’s meeting with Zelenskiy, where the U.S. president is pressuring Ukraine to strike a peace deal with Russia that could involve ceding territory. European leaders are joining the talks, but U.S. officials stressed a settlement is still far off despite some progress. Trump has hinted at security guarantees and threatened new measures against Russia and its oil buyers if no ceasefire is reached, though he is delaying further tariffs on China. India has already been hit with penalties for purchasing Russian crude. Overall, the uncertainty around peace negotiations, trade tensions, and OPEC+ supply increases has kept oil trading range-bound, with futures still down over 10% this year.
On the technical side, the price of crude oil is currently testing the low of early June. The Stochastic oscillator has been in extreme oversold levels for almost two consecutive weeks and could possibly hint at a bullish correction in the upcoming sessions. Despite the medium-term bearish image on the daily chart, the moving averages are still validating an overall bullish trend in the market. If the current bearish momentum projects further, then the first area of major technical support could be found around the $60, which is made up of the psychological support of the round number, the 78.6% of the weekly Fibonacci retracement level, and the lower band of the Bollinger Bands.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
Oil is completely bearish in the long term.On the weekly time frame, it is quite clear that oil is bearish!
Now we can enter a sell position from here by accepting the risk or wait until it reaches the DP range and then open our sell position.
Oil - Potential long with inverse and shouldersWatching Oil for a potential long entry. There appears to be an inverse head and shoulders forming on the 4-hour chart.
If the 4-hour candle closes within the expected range and 3 of my other variables are met, I’ll consider entering a long position.
Trade Details:
📊 Risk/Reward: 3.8
🎯 Entry: 62.658
🛑 Stop Loss: 61.941
💰 Take Profit 1 (50%): 65
💰 Take Profit 2 (50%): 66.08
#GTradingMethod Tip: Predefine and accept your risk before entering a trade.
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OIL H12 | Market OutookPotential for a bullish pullback on the OIL H12 which could lead to a price movement towards the resistance level at 67.80 BUY levels from 60.00
USOIL H2 BEARISH CHANNEL BREAKOUT Usoil H2 Bearsih Channel Breakout
Price From Break The Channel : 63.0
We Are Looking For A Bullish Moment At Entry 63.0 / 60.0
Targeting Area Buy Side Liquidity Area 70.0
Manage Your Trade Properly And Follow Us For More Trades
USOIL: Long Signal Explained
USOIL
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry Level - 63.13
Sl - 62.89
Tp - 63.56
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL - Potential Bullish Reversal Inside Descending Channel!📉 After a significant bearish move from the recent high, USOIL is trading within a well-defined descending channel pattern.
🔍 Key observations:
Price has printed a lower low into a weak low area, showing signs of seller exhaustion.
A potential reversal pattern is forming at channel support.
MACD shows bullish momentum divergence, hinting at a short-term reversal.
Targeting the supply zone near 66.99, aligning with the previous low high and key structure zone.
🟢 Trade Idea:
Looking for bullish confirmation to trigger a long setup.
Target: 66.99 (near upper channel boundary and previous structure)
Manage risk carefully with a stop below the recent low.
⚠️ Disclaimer: This is a technical analysis-based idea, not financial advice. Always do your own research and manage risk accordingly.
USOIL: Move Up Expected! Long!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 63.130 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 63.501.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
