Pullback resistance holding – Bearish reversal in play?WTI Oil (XTI/USD) is reacting off the pivot, which has been identified as a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop to the 1st support.
Pivot: 65.81
1st Support: 62.17
1st Resistance: 68.85
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USCRUDEOILCFD trade ideas
Crude Oil (XTI/USD) at Key Resistance: Breakout or Rejection ?Crude Oil (XTI/USD) has reached a major resistance level and now faces a critical decision point. If price breaks above this resistance, a long trade setup becomes attractive with upside targets at $70 and $71.
However, if rejection occurs at this level, downside momentum could build, with potential declines toward $60 and then $56. Traders should wait for price action confirmation before positioning, as the next move will likely define near-term market direction.
CRUDE OIL (WTI): Consolidation is OverFollowing a test of a significant daily support level, USOIL has been consolidating for an entire trading week.
Today's fundamental data has instilled a bullish sentiment in the market, and the price has successfully surpassed a major resistance point within its sideways movement.
It is anticipated that the market will continue to experience growth.
The next resistance level to watch is 66.72.
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!
With a strong bullish rally, WTI Crude Oil violated a significant
daily resistance cluster yesterday.
The broken structure and a rising trend line compose an important
demand zone now.
I will expect a bullish continuation from that.
Next resistance - 66.6
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WTI OIL Short-term Channel Up 4H MA50 buy opportunity.Last week (August 26, see chart below) we caught the absolute low with our WTI Oil (USOIL) buy signal, hitting our $66.30 Target shortly after:
This time we have another buy signal on the short-term as the Channel Up that emerged has pulled-back all the way to its 4H MA50 (blue trend-line).
The last 3 times it did so, it was a buy opportunity. Assuming this is another Higher Low bottom, the new Bullish Leg that is about to be initiated, should aim for the 1.382 Fibonacci extension, similar to what the previous two did.
This gives us a $66.75 Target for the short-term.
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Brent Crude Futures Remember when Oil was $100 a barrel??? Looks like we are headed right back there.
Every 90 weeks we get a "change in trend" for Brent. This week Brent is 180 weeks down from high and 90 weeks from low. It is time for a turn. Brent was up 1.4% August 26. It is turning higher in sync with this 90-week cycle. And when you see a close above 72.65, be ready for "panic buying" and an oil shock.
But we all can use a little exercise. Time to either ride bikes, car share or SAVE and MANAGE money for Gas!!
Bearish reversal off major resisstance?USO/USD is rising towards the resistance level, which is an overlap resistance that lines up with the 61.8% Fibonacci projection and the 38.2% Fibonacci retracement, and could reverse from this level to our take profit.
Entry: 65.87
Why we like it:
There is an overlap resistance that aligns with the 51.8% Fibonacci projection and the 38.2% Fibonacci retracement.
Stop loss: 67.42
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 63.50
Why we like it:
There is an overlap in support.
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Bearish reversal forming at key resistance?WTI Oil (XTI/USD) is rising towards the pivot, which is an overlap resistance and could reverse to the 1st support.
Pivot: 65.82
1st Resistance: 66.80
1st Support: 63.79
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Crude Oil Update: Bearish Momentum Continues🔥!
In our previous analysis, we anticipated a downward move in oil—and it delivered, generating solid gains for many of our followers. The technical setup was clear, and price action confirmed our expectations.
📉 Current Outlook:
The bearish trend remains intact, and we continue to expect further downside to reach our remaining targets. Momentum is building, and the chart signals are aligning for continuation.
📌 Full breakdown and chart analysis will be posted in the comments—stay tuned and trade smart!
WTI - Moscow's Discounts Keep Russian Oil Flowing to IndiaIndian refineries are still incentivized to buy Russian Urals oil, says Commerzbank Research's Carsten Fritsch. President Trump inflicted stiff tariffs on New Delhi--including a 25% levy for its purchases of Russian oil--but Indian Prime Minister Narendra Modi appears unwilling to bow to U.S. pressure. Meanwhile, the Kremlin cut the price of its oil in order to keep Indian customers. "This oil is being offered at a discount of $3-$4 per barrel compared to Brent for cargoes loaded at the end of September and in October," Fritsch says, citing unnamed sources. "By comparison, Indian refineries recently had to pay a premium of $3 over Brent for U.S. oil."
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.00
Target Level: 62.79
Stop Loss: 64.80
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
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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XTI/USD Analysis: Oil Price Falls 2.8% from This Week’s HighXTI/USD Chart Analysis: Oil Price Falls 2.8% from This Week’s High
As the XTI/USD chart shows, this morning (27 August) WTI crude oil is trading around the $63 level, although on Monday it climbed above $64.70. This means the price has retreated by approximately 2.8% from this week’s high.
The bearish momentum may be linked to the market’s reassessment of geopolitical risks. According to Reuters, US Special Representative Steve Witkoff stated that:
→ he will meet with a Ukrainian delegation in New York this week;
→ the US administration is also in talks with Russia, seeking to bring the war to an end.
He also noted that Washington is striving for de-escalation in the Middle East. We could assume that market participants are pricing in the possibility that these efforts could lead to the easing of sanctions and reduce risks and restrictions in global oil trade.
Technical Analysis of the XTI/USD Chart
On 19 August, we highlighted that:
→ the August downtrend remained intact, though it appeared to be weakening;
→ bulls might exploit this situation and attempt to launch an attack.
Indeed, since then the price rallied to a peak near $64.80, forming an upward trajectory shown by the orange lines. However, at the start of this week, momentum shifted back to the bears, as evidenced by a series of bearish signals on the chart:
→ Yesterday, bulls attempted to resume the upward trend from the lower orange boundary but failed – this was reflected in a candlestick with a long upper shadow, touching the $64 level before reversing downwards.
→ Bears then built on this success, pushing the price below $63.50 (where the lower orange line had been positioned).
→ This morning, WTI is trading close to weekly lows, highlighting the bulls’ inability to counter the pressure.
As a result, bears have driven the price back into the descending channel that has been in place since the start of the month. Given the above, we could assume that the market may continue to develop bearish dynamics within this downward channel – with WTI potentially heading towards the red median line.
The forthcoming oil inventory report (due today at 15:30 GMT+3) might have a significant influence on how the situation unfolds.
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.
OIL - at a very interesting point for longsWatch OIL carefully:
if the day closes above 65.38 (daily bullish engulfing) therefore above the previous weeks close, we could be going for another weekly impulse that would take us to the $86.40 level (conservative target: $78.40). According to your edge and how you are able to structure your operations, you have great risk to reward potential. For instance, even if you use the engulfing candle as your buy stop entry and the low of the candle as your stop loss i.e. you are going for the full daily swing, you are talking about a 1:6.5 R:R, which is already amazing in itself.
Levels on the chart, trade with care.
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USOil Bear Trap Set: Ready For The Downside Raid?🛢️ WTI Oil Bearish Heist Plan 💣 | Thief Trader Layers Activated 🔐
💥 Welcome to the vault raid, Thief OG’s! 💥
We’re targeting US Oil Spot / WTI (XTIUSD) — and this time, the plan is pure Bearish robbery.
🚨 The Robbery Setup:
This isn’t just a sell — it’s a layered ambush. We place traps, let bulls walk in, and then we rob clean.
📌 Thief Entry Plan (Limit Layers):
Sell Limit @63.000
Sell Limit @63.500
Sell Limit @64.000
Sell Limit @64.500
👉 You can stack more layers if the vault door keeps opening.
🛑 Thief Stop Loss:
SL locked @65.500 🔒
⚠️ Adjust your SL like a true Thief — according to your risk + number of layers.
🎯 Escape Plan (Target):
🚔 Police barricade spotted around 59.000.
📌 Official Heist Exit: 60.000 — grab the loot before the cops arrive.
🧠 Thief Strategy Logic:
Multi-layer sell ambush 🏴☠️
Bearish pressure from supply + demand shifts 📊
Technical rejection zones aligning with macro weakness 📉
⚠️ Risk Management Note:
Thieves don’t rush!
👉 Place alerts before the raid.
👉 Don’t dump blind orders — wait for price to approach layers.
👉 Manage your position like a stealth operation, not a casino gamble.
💬 Thief Community Code:
Smash ❤️ & Boost if you’re with the robbery crew.
Drop your charts + sniper entries below.
We rob together. We win together. 🏆
🔔 Stay locked in — more heist plans dropping soon.
💰 Rob Smart. Trade Sharp. Exit Clean.
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.06
Target Level: 61.35
Stop Loss: 65.86
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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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WTI OIL 4H BUY SIGNAL WTI OIL 4H Buy Signal 🟢
After catching last week’s low and hitting $66.30 target, WTI now pulled back to the 4H MA50 inside the short-term Channel Up.
The last 3 touches = buy opportunities ✅.
If this Higher Low holds, a new bullish leg should target the 1.382 Fib extension → $66.75 🎯.
Kaizo precision. Next move loading… 🥷🔥
Market Analysis: WTI Crude Oil Faces HurdlesMarket Analysis: WTI Crude Oil Faces Hurdles
Crude oil is showing bearish signs and might decline below $62.80.
Important Takeaways for WTI Crude Oil Price Analysis Today
- Crude oil prices failed to clear the $65.00 region and started a fresh decline.
- There was a break below a major bullish trend line with support at $64.00 on the hourly chart of XTI/USD.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil, the price struggled to clear the $65.00 level and started a fresh decline below $64.50.
There was a break below a major bullish trend line at $64.00, opening the doors for more losses. The price dipped below the 50% Fib retracement level of the upward move from the $61.56 swing low to the $64.85 high.
XTI/USD even dipped below $63.50 level and the 50-hour simple moving average. The bulls are now active near $63.00. If there is a fresh increase, it could face a barrier near $63.70.
The first major resistance is near $64.10. Any more gains might send the price toward $64.85 and call for a test of $65.50. Conversely, the price might continue to move down and revisit the $62.80 support and the 61.8% Fib retracement.
The next major support on the WTI crude oil chart is $62.35. If there is a downside break, the price might decline toward $61.55. Any more losses may perhaps open the doors for a move toward $60.50.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI Surges Above 65$ ResistanceCrude oil is currently supported by a combination of energy sanctions, geopolitical tensions, and rate cut expectations — with price action eyeing the $70 barrier as long as it holds above $65.20.
WTI maintained its rebound above the 61.80–62.00 support zone — aligning with the neckline of the previous inverted head and shoulders formation — and has broken above the 65 resistance level, signaling a potential continuation of bullish momentum. Daily RSI has also moved above the neutral 50 level, further confirming upside momentum.
• A clean hold above 65.20 may extend the rally toward 68.00, 69.40, and 70.40 — the next major resistance levels.
• On the downside, 62.00 and 61.80 remain key support levels. A break below them could expose oil to deeper losses toward 59.40 and 57.90.