Key pivot resists followed by breakdown (WTI Crude)Setup
Bearish. Breakdown
Bearish engulfing candle
Failure at key 65.0 pivot
Signal
Looking to sell while price holds below support-turned-resistance at 62.
(Watch for possible intraday fakeout above 62 before daily close lower)
Agree / disagree? Let me know - happy to discuss :)
Trade ideas
USOIL LONG FROM SUPPORT
USOIL SIGNAL
Trade Direction: long
Entry Level: 60.68
Target Level: 64.67
Stop Loss: 58.00
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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Bearish continuation?WTI Oil (XTI/USD) is rising towards the pivot, which is a pullback resistance, and could drop to the 1st support.
Pivot: 62.15
1st Support: 60.63
1st Resistance: 63.15
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USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 60.770.
Taking into consideration the structure & trend analysis, I believe that the market will reach 57.241 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USOIL: Waiting for breakout after sidewaysTo better understand my current outlook on USOIL, please refer to my previous higher-timeframe and fundamental analyses.
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
USOIL: Waiting for a reaction at strong supportTo better understand my current outlook on USOIL, please refer to my previous higher-timeframe and fundamental analyses.
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
George Vann @ ZuperView
US CRUDE OIL (WTI): Strong Bearish Signal?!The price of 📉USOIL appears to be showing bearish tendencies following a consolidation period of two months.
A bearish breakout below the support level of a sideways range often serves as a dependable confirmation signal.
Consequently, a downward movement towards the support level of 59.00 is anticipated.
Hellena | Oil (4H): SHORT to support area of 60 (Wave 3).The price is still not reaching the target of 60. I decided to make a new forecast, slightly changing the labeling of waves, or rather their importance.
At this stage, as before, I think that the price will reach the area of the level 60 in the middle wave “3”.
This movement is the development of the big corrective wave “C”. In general, the plan remains the same.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Crude Oil – Bearish Below 61.83 as OPEC+ Meeting NearsCrude Oil – Overview
Crude prices remain under pressure as geopolitical and supply factors clash with weak demand signals.
The Trump administration will provide Ukraine with intelligence for long-range missile strikes inside Russia, raising geopolitical risk.
Markets await Sunday’s OPEC+ meeting, where another November output hike is expected despite supply glut concerns.
The latest EIA data showed crude inventories rising for the first time in three weeks, while gasoline stocks posted the biggest jump since June—signalling weaker demand.
Technical Outlook
Oil maintains a bearish bias as long as price trades below 61.83, with downside targets at 60.20 → 58.70.
A confirmed 4H close above 61.83 would flip momentum bullish, targeting 63.47 → 64.75.
Pivot: 61.83
Support: 60.20 – 58.70
Resistance: 63.47 – 64.75
Oil prices extend losses on supply concernsOil prices extend losses on supply concerns
Oil prices slipped Thursday, extending last week’s decline on oversupply worries and uncertainty from the U.S. government shutdown. Expectations that OPEC+ may raise output by up to 500,000 bpd in November, along with forecasts of a potential glut, weighed on sentiment.
Geopolitical risks remain in focus, with the G7 vowing tighter controls on Russian oil and the U.S. set to aid Ukraine with intelligence for strikes on energy infrastructure. Still, Chinese stockpiling helped limit losses. Concerns over Russian supply disruptions and steady Chinese stockpiling provided some support, but U.S. data showing rising crude and fuel inventories added to bearish pressure.
CRUDE OIL Free Signal! Buy!
Hello,Traders!
CRUDE OIL taps into a horizontal demand area, showing strong bullish reaction. Liquidity beneath recent lows is swept, signalling smart money positioning for upside continuation.
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Stop Loss: 61.35$
Take Profit: 62.87$
Entry: 61.94$
Time Frame: 8H
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Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI Crude key support retest at 6200The 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.
USOIL continues to decline on oversupply concerns
Oil prices tumbled on oversupply fears as major producers ramped up output. Reuters reported that ahead of the OPEC+ meeting on October 5th, November production hikes could exceed the planned 137,000 barrels per day. The resumption of Kurdish oil exports and prospects of additional supply may further pressure prices.
USOIL extended its decline before consolidating within the 61.50–63.00 range. The death cross of the EMAs points to a potential shift toward bearish momentum. If USOIL breaks below the 61.50 support, the price could retreat toward 60.00. Conversely, if USOIL breaks above the 63.00 resistance, the price may advance toward 65.50.






















