CRUDE OIL Rebound Ahead! Buy!
Hello,Traders!
CRUDE OIL has been ranging
For a while now and the
Price is now about to
Retest the horizontal
Support level of 61.50$
From where a local
Bullish correction is
To be expected
Buy!
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USCRUDEOIL trade ideas
OIL – Stuck in Range as Russian Supply Risks Counter OPEC+ PressOIL – OVERVIEW
Oil is on track for a modest weekly gain, but remains locked in a narrow range since early August. Bearish fundamentals—led by OPEC+’s accelerated output return—continue to cap upside potential.
However, lingering concerns over Russian supply risks following recent Ukrainian attacks on key infrastructure and Trump’s call for NATO allies to halt Russian oil purchases keep the market alert for potential spikes in volatility.
Technical Analysis
Crude maintains a bearish momentum while trading below 63.47 – 63.14, with downside targets at 61.83 and, if broken, 60.16.
A confirmed 4H close above 63.47 would shift momentum to bullish, opening a path toward 64.72 and 65.83.
Key Levels
Pivot: 63.14
Resistance: 63.47 – 64.72 – 65.83
Support: 61.83 – 60.16 – 58.70
Oil remains range-bound, with the 63.14–63.47 zone acting as a key decision area. A breakout will determine whether the next move favors a deeper pullback or a bullish reversal.
OIL Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis.
Based on our assessment, the price is expected to return to the monthly level.
DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you.
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Oil drops as US inventory stockpiles build in the USWest Texas Intermediate (WTI), the U.S. crude oil benchmark, is trading around $63.02 during Friday's afternoon Asian session, extending its decline for a third straight session. The pressure comes amid mounting concerns over the U.S. economic outlook, excess oil supplies, and ongoing uncertainty around the Federal Reserve's stance on interest rate cuts.
US crude inventories posted a sharp decline last week as net imports fell to a record low and exports climbed to their highest level in nearly two years. Data released by the US EIA on Wednesday showed that crude oil stockpiles in the US for the week ending September 12 fell by 9.285 million barrels, compared to a rise of 3.939 million barrels in the previous week.
Nonetheless, a larger-than-expected rise in distillate stockpiles, which increased by 4 million barrels versus predictions of a 1 million barrel increase, raised worries about demand in the world's top oil consumer and undermined the WTI price for three days in a row.
From e technical perspective, the broader structure remains defined by a horizontal range, with WTI contained between $65.00 on the upside and $61.50 on the downside since early August. A sustained break above the upper boundary could unlock room toward $67.00-68.00, whereas a drop below $61.50 would expose the $60.00 psychological level and potentially shift momentum back in favor of sellers.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
CRUDE OIL (WTI): Strong Bullish Confirmation?!
Update for my yesterday's idea for WTI Crude Oil.
The price retested a recently broken structure and we see a
strong bullish reaction to that today.
A bullish violation of a resistance line of a falling wedge pattern
indicates a strong buying pressure.
I think that the market will continue growing and reach 64.65 resistance soon.
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Crude Oil: Bearish FVG in Play Amid ConsolidationFenzoFx—Crude Oil is trading at $64.18, slightly below the bearish fair value gap. The sweep of yesterday’s lows suggests potential for a test of higher resistance. Immediate support is at $63.80. If this level holds, Oil may fill the bearish FVG and test resistance at $65.00. A break above could extend gains toward $66.50.
However, if price declines and stabilizes below $63.80, the bullish outlook is invalidated. In that case, the downtrend may resume, targeting the equal lows at $62.20.
USOIL Analysis- Bearish OutlookUSOIL Analysis- Bearish Outlook
Crude oil is once again testing the resistance zone near $65.00, a level that has been rejected multiple times in the past. Sellers seem to remain strong at this area, keeping the price from breaking higher.
Currently, the chart suggests a possible pullback from resistance. If the bearish move continues, the first target is around $63.10, followed by the lower support area at $61.80.
As long as the price stays below $65.00, the short-term outlook remains bearish.
You may find more details in the chart!
Thank you and Good Luck!
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Oil’s rebound looks temporary amid various supply and demand prOil’s rebound looks temporary amid various supply and demand pressures.
Technical View
USOIL is currently rebounding from the support at 61.50, breaking above the previous swing high, while moving within a sideways range between 61.50 – 66.00, which should only be a short-term consolidation.
However, the broader trend remains bearish, as seen from series of lower swings, bearish EMAs, and the two-year Descending Channel. Once the consolidation phase ends, prices are likely to break below the lower bound downward.
So, the current rally in USOIL is expected to be only a short-term rebound, with resistance at 66.00 and at the upper bound of the descending trend channel just above 70.00.
On the downside, if USOIL falls below the lower bound of the sideways range at 61.50, it may retest the support at 55.00, the lowest point in 4.5 years, which if breaks, the prices could fall lower below 50.00.
Fundamental View
At present, oil prices are rebounding due to Fed easing expectation, which supported risk assets, while the weaker dollar is also helping to lift oil prices, which look like sentiment driven, not a solid fundamental.
Therefore, this recovery is likely only short-lived because, in the longer term, there are various pressures to the price:
Supply-side pressures :
Increased production from OPEC+ and non-OPEC countries has led to an oversupply in the oil market. For example, U.S. production at 13.4–13.6 mb/d covers most domestic needs, changing the country's positioning to a net exporter.
Demand-side pressures :
Global oil demand is slowing, particularly from China, amid sluggish global economic recovery and even recession risks in some regions, which have reduced overall energy consumption.
Growing investment in renewables and the gradual adoption of electric vehicles signal a structural transition that is likely to weigh on oil demand over the long term, reinforced by legislative bans on internal combustion engines in several countries.
Policy shifts from the US government also aim to push oil prices lower in order to control inflation.
Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
playing on C macroIt seems that we are on c macro, also the price just confirmed that we are on phase D. We only have to wait for the shakeout. start covering at 65.448 at least half of the position, then play aggressively with your st because we are facing a wall, however, it the wall is broken, we will start reaching higher prices till at least 68.262
this is not financial recommendations.
Can USOIL Break Higher? SMA Breach & Target at $68🛢️ USOIL Energy Market | Cash Flow Management Strategy (Swing/Day Trade)
📌 Trading Plan:
👉 Bias: Bullish (pending order setup)
👉 Confirmation: When Simple Moving Average (SMA) is breached by buyers, trend confirmation is valid.
👉 Entry Style: Layered buy-limit entries after breakout confirmation (Thief Strategy 🕵️♂️ = multi-layer entry).
📥 Layered Buy Limit Orders (example setup):
64.00 ✅
64.50 ✅
65.00 ✅
65.50 ✅
(You can increase the number of layered entries based on your own style — flexibility is the thief’s edge!)
⚠️ Important: Buy-limit layers are only valid AFTER breakout confirmation. Do not jump in without confirmation.
🎯 Risk Management (SL & TP):
📌 Stop Loss (Protective Level)
Example stop placement: 63.50
(🔑 Note: This is my style. Manage risk in your own way — never copy-paste without adapting!).
📌 Target Zone
Projected resistance near 68.00, aligned with:
Weighted Moving Average (WMA) resistance
Overbought conditions
Possible “trap” zone ⚠️
💡 Best approach: Secure profits step by step. Escape once the target region is approached.
📢 Note for Traders (Thief OG’s):
I’m not recommending only my SL or my TP. This is just a framework. You’re responsible for your own money management, profits, and exits. Trade at your own risk, and take the bag when you feel it’s right. 💰
🔗 Correlation & Related Pairs to Watch:
Energy markets are heavily correlated across multiple assets:
🛢️ TVC:USOIL / BLACKBULL:WTI – Main setup
🛢️ BLACKBULL:BRENT – Moves in sync with USOIL, watch for confirmation
💵 TVC:DXY – Stronger USD often pressures crude oil prices
💹 AMEX:XLE (Energy Sector ETF) – Tracks US energy stocks, gives indirect flow confirmation
🪙 FX:NGAS – Energy sector cousin, can sometimes give early signals of demand shifts
Keep an eye on these related pairs/assets for flow confirmation and stronger conviction.
🧾 Key Points Recap:
✔️ SMA breach = buyers’ control confirmed
✔️ Layered entries (Thief Strategy 🕵️♂️)
✔️ Stop loss = personal choice (mine @63.50)
✔️ Target = 68.00 escape zone
✔️ Risk & reward = your own responsibility
✔️ Watch related assets for confirmation
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
#USOIL #WTI #CrudeOil #EnergyMarkets #SwingTrade #DayTrade #TradingStrategy #PriceAction #ThiefStrategy #LayeredEntries #XLE #BRENT #DXY #NGAS
OIL Trade Insights📲 NFX TRADE ALERT
📊 TRADE TYPE: SWING TRADE
♻ PAIR: GBEBROKERS:USOIL
⬇️ SELL AT MARKET
📝 ORDER TYPE: MARKET ORDER
👨🏻💻 ENTRY : $64.45
⭕️ SL: 65.450
✅ TP: $62.00
📝 REASONS FOR TRADE: H1 Confirmation of Price Rejection at Resistance - SR Holds📈
Multiple reversal candles spotted on H4 around supply zone, indicating weakening bullish momentum.
Pay close attention to US Inventory report later the morning.
I expect report to be bearish for oil given the high supply as seen last week.
WTI OIL This is the bigger picture.WTI Oil (USOIL) is currently on the 2nd straight green week ahead of today's Fed Rate Decision. The long-term pattern though is has been a Channel Down since August 2022 and until it gets invalidated, the trend will remain bearish.
In fact, it has made 3 emphatic rejections on the 1W MA200 (orange trend-line) since August 12 2024. The 1W RSI sequence since then, resembles the pattern of 2023, where WTI found a Higher Lows Support on the 1W MA200. The last such contact was on the 0.786 Fibonacci retracement level before a last rebound to the top of the Channel Down.
That is exactly what we are expecting now, with the new 0.786 Fib waiting at $59.50. That is our medium-term Target.
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WTI Crude upside resistance at 6540The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6540, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6540 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6070 and 6000 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6540 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6650, then 6830.
Conclusion:
The short-term outlook remains bearish unless WTI Crude breaks and holds above 6540. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
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.
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!).
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
WTI falls after US slaps 50% tariff on India over Russian oilWTI oil prices have dropped from $65 to around $62.80 as markets react to new US tariffs on India, triggered by India’s ongoing oil trade with Russia. These tariffs, along with threats of even higher tariffs on China, are weighing on global demand and pushing oil prices lower. Meanwhile, Iran’s oil production has hit multi-year highs, adding more supply to the market and reinforcing the bearish trend.
Technically, oil has broken below a key Fibonacci support level, signalling a deeper pullback. If prices fall below $62, further downside toward $57 is possible. Upside moves may be short-lived unless there’s a major geopolitical shock, such as an escalation in the Russia-Ukraine conflict. For now, both the macro environment and technical signals indicate continued pressure on oil prices.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
CRUDE OIL (WTI): Important Breakout
Crude Oil broke and closed above a major daily horizontal resistance.
With a high probability, a broken structure turns into a potentially strong
support now.
I will expect a rise from that and a bullish continuation to 65.56 resistance.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.