CRUDE OIL Support Ahead! Buy!
Hello,Traders!
CRUDE OIL keeps falling
In a downtrend which seems
To indicate that the market
Has its doubts about the
Economy, however, a strong
Horizontal support is ahead
Around 60.00$ and after the
Retest we will be expecting
A local bullish rebound
Sell!
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USCRUDEOILCFD trade ideas
USOIL Will Go Lower From Resistance! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 61.941.
Taking into consideration the structure & trend analysis, I believe that the market will reach 58.529 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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WTI ShortThe alliance, including Russia and Saudi Arabia, agreed to a phased increase in production, which led to an increase in supply on the market.
OPEC+ production increase parameters
April 2025: Increase in production by 137,000 barrels per day
May-July 2025: Monthly increase of 411,000 barrels per day
August 2025: Increase by 548,000 barrels per day
September 2025: Increase by 547,000 barrels per day
October 2025: Planned increase by 137,000 barrels per day
OPEC+ plans to fully restore production cuts in 2023. Initially, a gradual increase in production was planned until September 2026, but due to favorable market conditions, the process was accelerated
US trade policy, which introduced customs duties on goods from many countries, also affects the price of oil
We expect a decline in the American grade of oil to $ 60
Potential bearish drop?WTI Oil (XTI/USD) has rejected off the pivot, which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 65.81
1st Support: 57.80
1st Resistance: 68.85
Disclaimer:
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USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 63.13
Target Level: 65.08
Stop Loss: 61.82
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โ
LIKE AND COMMENT MY IDEASโ
USOIL latest trend analysis and operation layout#USOIL
Crude oil continued to rebound in the European session, but the short-term 4H moving average was still pressing downward, and it was obvious that the short-selling momentum had not completely subsided. The overall trading rhythm is mainly based on rebound shorting. The short-term upper resistance level is 63.5-64.5. If it fails to break through effectively, crude oil will usher in a retracement, with the target looking at 62.5-61.5
๐ SELL 63.5-64.5
๐ TP 62.5-61.5
OILUSD โ Demand Zone Reaction (4H Analysis)Price has been moving in a bearish trend, forming lower highs and lower lows. Recently, it tapped into a strong demand zone (blue box) and is now showing signs of a bullish reaction.
๐ Key Points:
Price reacted strongly from the demand zone.
A trendline break is visible, suggesting bearish momentum is weakening.
Stop loss is placed below the demand zone (61.36).
Take profit is set at the next supply zone / resistance around 66.05.
๐ก If buyers hold this level, we may see a strong push toward 66.05. But if demand fails, price could revisit lower levels.
WTI Oil Shorting Opportunity | Technical + Macro Confirm๐ WTI CRUDE OIL | Money-Making Thief Plan ๐ข๏ธ (Swing/Day Trade)
๐ก๏ธ Thief Strategy Plan (Bearish Bias)
Plan: Bearish setup confirmed โ sellers in control after MA rejection of bulls ๐
Entry (Layered Style):
63.000 ๐ช
62.500 ๐ช
62.000 ๐ช
61.500 ๐ช
(You may increase or adjust layers based on your own plan)
Stop Loss (Thief SL): @64.000 โ
โ ๏ธ Adjust SL according to your risk & strategy
Target (Thief TP): Key resistance zone + overbought trap @4.6700 ๐ฏ
Note: Dear Ladies & Gentlemen (Thief OGโs) โ I donโt recommend locking only my TP. Take your profits wisely & manage risk responsibly. ๐ฐ
โ Why This Plan?
Moving average rejection confirms sellersโ dominance โ๏ธ
Technical indicators showing strong sell bias ๐
Layered entry strategy helps in catching moves efficiently ๐ฏ
Oversupply risk + weak demand = bearish fuel ๐ฅ
Retail & institutions both leaning short-side heavy ๐ป
๐ Market Analysis (Technical + Fundamental + Macro + Sentiment)
๐ Real-Time Price Action - Sep 05
Daily Change: -1.03%
Monthly Change: -2.84%
Yearly Change: -8.44%
๐ Retail & Institutional Sentiment
Retail Traders: 35% ๐ | 55% ๐ป | 10% ๐
Institutional Traders: 30% ๐ | 60% ๐ป | 10% ๐
๐ก๏ธ Fear & Greed Index
Current: 25/100 โ Fear ๐
Mood: Cautious, driven by oversupply fears + weak demand
โ๏ธ Fundamental Score: 40/100 (Bearish)
U.S. crude inventories unexpectedly +2.42M vs. -2.19M expected ๐
OPEC+ considering production increase ๐
Weak China demand signals ๐
๐ Macro Score: 35/100 (Bearish)
Fed rate cut expectations (25bp likely in September) ๐ธ
Global slowdown fears ๐ (Europe + Asia weak data)
Geopolitical risks (Russia-Ukraine) limited impact ๐จ
๐ Overall Market Outlook: Bearish (Short Bias) ๐ป
Declining prices + rising inventories + OPEC+ supply hike risk
Technicals = Strong Sell (daily/weekly)
Sentiment favors sellers across the board
๐ฎ Key Takeaway
WTI/USOIL remains heavy under supply pressure + demand weakness.
Market sentiment is fearful, with both retail & institutions leaning short.
โก Keep eyes on U.S. jobs data + OPEC+ decisions for any trend shifts.
๐RELATED PAIRS TO WATCH
BRENT CRUDE ( TVC:UKOIL ): $66.42 (-1.8% daily)
NATURAL GAS ( FX:NGAS ): $2.84 (-0.7% daily)
ENERGY ETFS: XLE, USO, UCO
OANDA:CADJPY : Oil-correlated currency pair
ENERGY STOCKS: NYSE:XOM , NYSE:CVX , NYSE:COP , NYSE:SLB
โจ โIf you find value in my analysis, a ๐ and ๐ boost is much appreciated โ it helps me share more setups with the community!โ
#USOIL #WTI #CrudeOil #ThiefTrader #EnergyMarkets #Commodities #OPEC #SwingTrade #DayTrade #OilAnalysis
WTI OIL 4H BUY SIGNAL WTI OIL 4H Buy Signal ๐ข
After catching last weekโs 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 โ
.
If this Higher Low holds, a new bullish leg should target the 1.382 Fib extension โ $66.75 ๐ฏ.
Kaizo precision. Next move loadingโฆ ๐ฅท๐ฅ
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!!
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.
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 65.90
Target Level: 59.95
Stop Loss: 69.84
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.
โ
LIKE AND COMMENT MY IDEASโ
Crude Oil (USOIL) โ Long SetupOil is currently trading around $63.20 and has formed a clean ascending structure, pushing into the breakout zone. Price is respecting the trendline well and is consolidating just below the EMA cluster โ a breakout could be next.
We're currently in a narrow entry zone where bulls may gain control if we see a clean break above the local resistance range.
Trade Setup:
Entry: within the purple box (current zone)
Stop Loss: $62.60 just below the trendline โ invalid if broken
Breakout Confirmation: clear candle close above $63.45
Targets:
T1: $63.70
T2: $64,60
Why Long?
Trendline support is holding โ price has been bouncing cleanly off the rising line.
Momentum building โ repeated tests of resistance without strong rejection.
EMA cluster as magnet โ price may want to retest and potentially break through the EMA zone sitting above.
Summary:
Crude oil is coiling tightly just below resistance and trendline support is holding strong.
If we get a push above the breakout zone, I expect follow-through toward T1 = $63.70 and T2 = $64.60
Setup becomes invalid if the ascending trendline breaks clearly to the downside.
No financial advice โ just how I see the chart.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.28
Target Level: 61.46
Stop Loss: 64.49
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โ
LIKE AND COMMENT MY IDEASโ
WTI Surges Above 65$ ResistanceCrude oil is currently supported by a combination of energy sanctions, geopolitical tensions, and rate cut expectations โ with price action eyeing the $70 barrier as long as it holds above $65.20.
WTI maintained its rebound above the 61.80โ62.00 support zone โ aligning with the neckline of the previous inverted head and shoulders formation โ 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.
โข A clean hold above 65.20 may extend the rally toward 68.00, 69.40, and 70.40 โ the next major resistance levels.
โข 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.