01-09-2025 USOIL The market is not always chaotic and disorderly, and there is a precise geometric beauty hidden in price fluctuations. The harmonic form long strategy is a powerful tool for accurately identifying potential market reversal points based on the Fibonacci ratio. When the form forms perfectly at the key support level, it often indicates the depletion of bearish momentum and the initiation of bullish trends.
As shown in the figure: 15M Bullish Bat
USCRUDEOILCFD trade ideas
USOIL (WTI Crude) – Buy & Sell Trade Scenarios🔵 Bullish Scenario (Buy Call)
Entry Zone: Break and sustained close above 65.20 – 65.50 (current 4H resistance).
Reasoning:
Price has retested the 64.90 resistance cluster multiple times, suggesting absorption of supply.
Volume shows declining sell pressure near resistance – a sign of potential breakout.
A breakout with strong volume confirms buyers stepping in.
Target 1: 66.75 (measured move into next liquidity pool).
Target 2 (extended): 68.20 – 68.50 (previous structural pivot).
Stop Loss: Below 64.20 (false breakout protection).
R:R Potential: ~1:2.5 to 1:3
🔴 Bearish Scenario (Sell Call)
Entry Zone: Rejection at 65.00 – 65.50 resistance with bearish confirmation candle.
Reasoning:
This zone has acted as a strong supply area since mid-August.
Multiple wicks rejecting the level + increasing sell volume hint at distribution.
If price fails to close above resistance, sellers regain control.
Target 1: 63.00 – 63.20 (mid-support range).
Target 2 (extended): 62.00 – 61.90 (major support zone).
Stop Loss: Above 65.70 (wick protection).
R:R Potential: ~1:2 to 1:3
⚖️ Key Technical Takeaway
64.90 – 65.50 = Pivot zone (battle between bulls and bears).
Breakout + volume = bullish continuation to 66.75+.
Rejection + heavy volume = bearish rotation back to 62.95.
USOIL Will Go Lower! Sell!
Take a look at our analysis for USOIL.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 64.627.
Considering the today's price action, probabilities will be high to see a movement to 63.428.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Crude holds range ahead of key OPEC+ MeetingOil prices steadied after falling in August, with West Texas Intermediate trading near $64. Markets remain pressured by oversupply concerns from OPEC+ and forecasts of a record surplus next year. Attention is on the Sept. 7 OPEC+ meeting, where restoring 1.65 million barrels a day of voluntary cuts will be debated. The US is pushing India to stop Russian oil imports, threatening secondary tariffs, while Prime Minister Modi defended ties with Moscow during a meeting with Putin in China, arguing Russian flows helped stabilize global prices. Despite some opportunistic US purchases, Indian refiners continue buying Russian crude. Meanwhile, hedge funds cut bullish bets on US crude to an 18-year low, reflecting oversupply fears and economic uncertainty.
On the technical side, the price of crude oil has been moving sideways last week and seems to be in the same situation this week if no major events take place. The combination of the 50 and 100-day simple moving averages, as well as the upper band of the Bollinger bands, is currently acting as the major resistance area around $65. TheBollinger bands are quite contracted, showing that volatility has dried up, further supporting the sideways movement in the upcoming sessions. The Stochastic oscillator is near the extreme overbought levels, but this has little to no significance since there is no volatility to support any major corrections. The Fibonacci levels are the short-term support area around $63, and the upper band of the sideways channel might be seen around $65, as mentioned.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
Oil: Navigating the Final Legs of a CorrectionIt looks like oil is still in the upward correction of wave ii, which should continue into next week.
This bounce can be traded using indicators and key levels for intraday setups. In this scenario, wave interpretation is of little help and can actually do more harm than good.
The diagonal that appears to be wave i is now complete, and the larger downtrend is expected to resume within the next few days.
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.
✅LIKE AND COMMENT MY IDEAS✅
oil sell Current Assumed Position: The market appears to be completing a 4th wave correction (as a Zig-Zag pattern) within a larger impulsive trend.
Wave A (Down): Complete.
Wave B (Up): Complete. This was the counter-trend bounce.
Wave C (Down): Currently in progress. This is the final leg of the corrective pattern.
Key Guidance on the Length of Wave C:
Elliott Wave theory provides two primary guidelines for estimating the length of a C wave within a Zig-Zag:
Most Common Relationship: Wave C is often equal in length to Wave A.
This is the standard first target. Measure the price length (not time) of Wave A and project that same distance downward from the peak of Wave B.
Common Alternative: Wave C frequently extends to a length of 1.618 times the length of Wave A.
This is a very typical target if the underlying trend is strong and the C wave becomes powerful. This would be your second, deeper target.
What this means for your analysis:
Calculate the price difference (High - Low) of Wave A.
Subtract that value from the high of Wave B to find your primary target for the end of Wave C.
For a more bearish scenario, take the length of Wave A x 1.618 and subtract that from Wave B's high to find a secondary target.
Important Consideration:
Wave C must subdivide into a full 5-wave impulse itself. It cannot be a simple three-wave move. Monitor the internal structure of this decline to confirm it is developing as a 5-wave pattern, which will add confidence to this projection.
In summary: The most probable minimum length for Wave C is a decline equal to Wave A. Be prepared for a move extending to the 1.618 Fibonacci extension of Wave A.
USOIL: Target Is Up! Long!
My dear friends,
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 63.969 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
USOIL Massive Long! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 64.00
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 64.22
My Stop Loss - 63.89
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Crude oil retraces, but has a limited potentialCrude oil is moving in a technical upswing, transitioning to the cycle of retracement. The next resistance area would be located at around the $65-66 price area, as the downtrend is still intact. Volatility (ATR) for Crude oil has reached the level of March 2025: the lowest level of the year. That brings the beginning of either a broader breakout or a new wave of selling closer.
According to seasonal charts, Crude oil might get under pressure in October, while September usually delivers a sideways action, especially if there are no related drivers and navarres.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
# USOIL WTI Crude Oil Technical Analysis: Weekly Forecast# USOIL WTI Crude Oil Technical Analysis: Weekly Forecast
Current Price: $64.612 (As of August 30, 2025, 12:54 AM UTC+4)
Asset Class: USOIL / WTI Crude Oil Cash
Analysis Date: August 30, 2025
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Executive Summary
WTI Crude Oil (USOIL) continues to navigate a complex fundamental landscape, currently trading at $64.612 per barrel amid significant bearish pressure. Recent market data shows crude oil fell to $64.04 on August 29, 2025, declining 0.87% from the previous session with a concerning 8.51% monthly drop and 12.93% year-over-year decline. Technical analysis reveals the commodity has broken below critical support levels around $65.00-66.00, with strong resistance encountered at the descending trend line near $65.27. Our comprehensive analysis indicates potential for further downside toward $58-60 zone, though geopolitical risks and OPEC+ production dynamics could trigger sharp reversals.
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Multi-Timeframe Technical Analysis
Elliott Wave Analysis
WTI Crude Oil exhibits a complex corrective structure within a multi-year consolidation pattern:
Primary Count: Completing Wave C of larger degree ABC correction from 2022 highs
Wave Structure: Currently in final stages of 5-wave decline toward $58-62 target
Corrective Phase: Large degree consolidation between $60-85 range since 2022
Long-term Projection: Eventual breakout above $85 targets $110-120 by 2026-2027
Invalidation Level: Break below $55 would extend corrective phase significantly
Fibonacci Relationships: Current decline showing 1.618 extension characteristics
Wyckoff Market Structure Analysis
Oil demonstrates classic Wyckoff Distribution Phase completion with transition to Markdown:
Phase: Early Markdown Phase following Distribution completion
Volume Analysis: Increasing volume on declines indicating institutional selling
Price Action: Breaking support levels with follow-through selling
Composite Operator Activity: Smart money liquidating positions accumulated above $70
Market Character: Weak rallies met with fresh selling pressure
Re-accumulation Zone: $58-62 represents potential future accumulation area
W.D. Gann Comprehensive Analysis
Square of 9 Analysis:
- Current price $64.612 positioned near 90-degree Gann support turning point
- Next major Gann level: $58.50 (180-degree decline from recent high)
- Time and price convergence: September 21-28, 2025 (Autumn Equinox influence)
- Critical Gann squares: $62.41, $58.50, $54.76 (geometric decline sequence)
Angle Theory Application:
- 1x1 Declining Angle Resistance: $67-68 (primary downtrend line)
- 2x1 Accelerated Decline: $60-62 (next support cluster)
- 1x2 Support Angle: $55-58 (major correction boundary)
- 1x4 Long-term Support: $48-52 (crisis scenario support)
Time Cycle Analysis:
- 84-day cycle low expected: Mid-September 2025
- Seasonal Gann Pattern: September-October typically sees oil volatility
- Major time window: October 5-15, 2025 (potential reversal period)
- Annual cycle: Q4 seasonal strength often supports energy complex
Price Forecasting & Time Harmonics:
- Immediate support: $62-64
- Primary target: $58-60
- Extended decline: $54-56
- Time harmony suggests potential reversal after October 8, 2025
Ranges in Harmony:
- Current range: $62-68 (breakdown phase)
- Next trading range: $55-65 (potential base formation)
- Long-term channel: $45-85 (multi-year consolidation)
---
Japanese Candlestick & Harmonic Pattern Analysis
Recent Candlestick Formations (Daily Chart)
Bearish Engulfing: August 26-27 confirming breakdown below $65 support
Long Upper Shadows: Repeated rejection at $65.50-66.00 resistance levels
Spinning Tops: Indecision candles around $64-65 zone
Volume Confirmation: Increasing volume on red candles, declining on green
Dark Cloud Cover: August 28-29 pattern confirming selling pressure
Harmonic Pattern Recognition
Bearish Gartley Completion: $68-70 zone (recent distribution area)
ABCD Extension: Active decline targeting $58-60 completion zone
Bearish Butterfly: Potential completion at $54-56 extreme target
Fibonacci Confluence: Multiple extension levels converging at $58.50
Advanced Harmonic Analysis
Three Drives Down: Developing pattern toward $58-60 target zone
Bearish Crab Formation: Long-term pattern suggesting $52-55 targets
AB=CD Equality: Price and time relationships supporting $58 target
Cypher Pattern: Potential bullish reversal consideration at $58-60
Bull Trap vs Bear Trap Assessment
Current Market Structure:
Bear Trap Probability: 25% - Potential false breakdown below $62 support
Bull Trap Scenario: 75% - Any rally above $67 likely to be sold aggressively
Key Levels: Sustained break below $60 confirms bearish continuation
Volume Pattern: High volume selling indicates genuine breakdown rather than trap
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Ichimoku Kinko Hyo Analysis
Current Cloud Structure (Daily Chart)
Price Position: Below Kumo cloud indicating bearish trend dominance
Tenkan-sen (9-period): $65.24 (short-term dynamic resistance)
Kijun-sen (26-period): $67.18 (medium-term resistance level)
Senkou Span A: $66.21 (leading span A - resistance)
Senkou Span B: $69.45 (leading span B - major cloud resistance)
Chikou Span: Below historical price action confirming bearish sentiment
Future Kumo Analysis (26 periods ahead):
- Thickening cloud structure indicating strong resistance above
- Future resistance zone: $65-70 (forward-looking cloud base)
- Cloud twist not anticipated until late Q4 2025
Ichimoku Trading Signals
TK Cross: Tenkan below Kijun (active bearish signal)
Price vs Cloud: Below cloud with downward momentum
Chikou Span: Clear below price history (bearish confirmation)
Cloud Breakout: Failed to maintain position above cloud support
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Technical Indicators Comprehensive Analysis
RSI (Relative Strength Index) Multi-Timeframe
Daily RSI: 38.6 (oversold territory but not extreme)
Weekly RSI: 42.3 (bearish momentum with room for decline)
4H RSI: 35.2 (approaching oversold with potential bounce)
RSI Divergence: No bullish divergence detected, momentum remains bearish
RSI Support: 30 level crucial for preventing deeper decline
Bollinger Bands Analysis
Current Position: Price near lower band ($62.50 level)
Band Width: Expanding indicating increasing volatility
%B Indicator: 0.18 (near lower extreme, potential bounce zone)
Band Squeeze: Recent expansion from squeeze formation
VWAP Analysis (Volume Weighted Average Price)
Daily VWAP: $65.47 (dynamic resistance level)
Weekly VWAP: $67.23 (key resistance zone)
Monthly VWAP: $69.18 (major resistance level)
Volume Profile: Highest volume acceptance at $66-68 zone now resistance
Moving Average Structure
10 EMA: $65.89 (immediate dynamic resistance)
20 EMA: $67.12 (short-term resistance)
50 SMA: $69.45 (intermediate resistance)
100 SMA: $71.23 (key resistance level)
200 SMA: $73.87 (major secular resistance)
Moving Average Signals:
- Perfect bearish alignment across all timeframes
- Death Cross pattern established (50/200 SMA)
- Price trading below all major moving averages
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Support & Resistance Analysis
Primary Resistance Levels
1. R1: $66.50-67.00 (immediate technical resistance and daily VWAP)
2. R2: $68.00-68.50 (previous support turned resistance)
3. R3: $70.00-70.50 (psychological and technical confluence)
4. R4: $72.00-73.00 (major moving average cluster)
5. R5: $75.00-76.00 (long-term resistance zone)
Primary Support Levels
1. S1: $62.50-63.00 (immediate Gann support and lower Bollinger Band)
2. S2: $60.00-61.00 (psychological and harmonic support)
3. S3: $58.00-59.00 (major Gann target and Elliott Wave projection)
4. S4: $55.00-56.00 (extended harmonic target)
5. S5: $52.00-54.00 (crisis scenario and long-term support)
Volume-Based Support/Resistance
High Volume Node: $66-68 (now major resistance zone)
Low Volume Gap: $60-62 (potential rapid movement area)
Volume Support: $58-60 (potential accumulation zone)
POC (Point of Control): $67.25 (maximum volume acceptance, now resistance)
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Multi-Timeframe Trading Strategy Framework
Scalping Strategy (5M & 15M Charts)
5-Minute Timeframe Methodology:
Entry Signals: Short rallies to 20 EMA with RSI >65 in downtrend
Profit Targets: $0.30-0.50 per barrel per scalping trade
Stop Loss: $0.20-0.30 maximum risk per position
Volume Filter: Above-average volume required on breakdown continuation
Time Windows: Asian session 1:00-4:00 AM, London open 3:00-6:00 AM EST
15-Minute Scalping Framework:
Range Trading: Current range $63.50-65.50
Breakdown Strategy: Volume confirmation below $63.50 for continuation
Counter-trend: Fade rallies above $65.50 without volume
Risk Management: Maximum 3 positions simultaneously, 1:1.5 R:R minimum
Intraday Trading Strategies (30M, 1H, 4H)
30-Minute Chart Approach:
Trend Following: Short below EMA cluster ($65.50-66.00)
Pattern Trading: Bear flag and pennant formations
Target Methodology: Initial $62.50, extended $60-61
Risk Parameters: $0.80-1.20 stops, 2:1 reward-to-risk minimum
1-Hour Chart Strategy:
Momentum Trading: MACD bearish crossovers with histogram expansion
Resistance Shorting: Short entries from $66-67.50 zone
Support Testing: Monitor $62-63 area for breakdown continuation
Session Management: Focus on US trading hours 9:30 AM - 4:00 PM EST
4-Hour Swing Framework:
Cloud Strategy: Short on failed attempts to reclaim Ichimoku cloud
Elliott Wave: Ride Wave C completion toward major targets
Fibonacci Trading: Use 38.2% and 50% retracements for short entries
Hold Duration: 5-15 days for swing positions
Swing Trading Strategy (Daily, Weekly, Monthly)
Daily Chart Methodology:
Breakdown Strategy: Short on sustained breaks below $62 with volume
Bear Market Rallies: Short rallies to $67-69 resistance zone
Target Progression: $60 → $58 → $55 sequential targets
Position Management: Scale in on multiple timeframe confirmations
Weekly Chart Analysis:
Primary Trend: Strongly bearish below $70 weekly resistance
Swing Targets: $58-60 zone for major profit-taking
Risk Management: Weekly closes above $70 signal potential reversal
Monthly Chart Perspective:
Secular Range: Multi-year consolidation $45-85
Long-term Targets: $52-58 completion of corrective phase
Reversal Zone: $55-60 area for potential major low formation
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Day-by-Day Trading Plan: September 2-6, 2025
Monday, September 2, 2025 (Labor Day - Reduced US Participation)
Market Conditions: Thin liquidity in US markets, focus on Asian/European sessions
Technical Setup:
Resistance: $66.00, $67.50, $68.50
Support: $63.00, $61.50, $60.00
Expected Range: $62.50-66.50
Trading Strategy:
Reduced Sizes: Holiday conditions warrant smaller positions
Range Strategy: Short rallies to $65.50-66.00, long support at $63.00
Gap Management: Monitor overnight developments in Middle East
Risk Focus: Geopolitical news sensitivity during thin trading
Tuesday, September 3, 2025
Market Outlook: Full participation returns, inventory data focus
Key Events & Strategy:
API Inventory: Tuesday evening crude inventory report
Technical Focus: $63 support test with volume analysis
Geopolitical Monitor: Middle East tensions and OPEC+ developments
Entry Strategy: Short $65-66.50 targeting $62-60
Risk Considerations:
- Inventory surprise potential for sharp moves
- Dollar strength impact on commodity complex
- Chinese demand data influence
Wednesday, September 4, 2025
Market Outlook: EIA inventory data and mid-week momentum
Strategic Framework:
EIA Report: Official US crude inventory data (10:30 AM EST)
Technical Pattern: Monitor bear flag completion below $63
Volume Analysis: Institutional participation on breakdowns crucial
Support Defense: $62 level critical for preventing accelerated decline
Trading Approach:
Pre-EIA: Light positioning due to event risk
Post-EIA: React to inventory data with appropriate sizing
Breakdown Play: Below $62 targets $60-58 zone
Thursday, September 5, 2025
Market Outlook: Weekly inventory impact and positioning for Friday
Key Considerations:
Inventory Digest: Market reaction to Wednesday's EIA data
Technical Levels: $60-61 major support zone testing
OPEC+ Watch: Monitor for any production policy signals
Dollar Correlation: USD strength continuing to pressure commodities
Execution Strategy:
Trend Continuation: Below $62 favors $58-60 targets
Counter-trend Risk: Any rally above $66 likely to be sold
Profit Management: Scale out at key support levels
Friday, September 6, 2025
Market Outlook: Weekly close significance and position squaring
Final Session Strategy:
Weekly Close: Below $62 very bearish, above $66 potentially bullish
Profit Protection: Secure gains from successful breakdown trades
Weekend Risk: Geopolitical and OPEC+ news flow considerations
Position Review: Maintain swing shorts with appropriate stops
Critical Levels:
Weekly Bearish: Close below $62
Weekly Neutral: $62-66 range
Weekly Bullish: Close above $66
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Macroeconomic & Geopolitical Analysis
OPEC+ Production Policy Impact
OPEC+ production dynamics remain crucial for oil price direction. The group has left the future of production cuts uncertain after September, with OPEC+ plans to gradually ease 2.2 mb/d of voluntary production cuts by eight countries starting in April 2025. However, geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further changes in OPEC+'s production strategy.
US-India Tariff Impact
Recent geopolitical developments show significant market impact, with WTI oil prices dropping from $65 to around $62.80 as markets react to new US tariffs on India, triggered by India's ongoing oil trade with Russia. This demonstrates how trade policy directly affects oil pricing dynamics.
Supply-Demand Fundamentals
Market fundamentals show concerning trends with WTI fluctuating between $54 and $79 amid weak global economic growth, unstable demand in China, and lower production expectations by OPEC+. The EIA projects annual average crude oil production in 2026 will decrease 0.1 million b/d on average from the record in 2025.
Key Risk Factors
1. US-China Trade Relations: Demand destruction from economic slowdown
2. Middle East Tensions: Potential supply disruption premium
3. OPEC+ Policy Uncertainty: Production cut extension decisions
4. US Dollar Strength: Inverse correlation with commodity prices
5. Global Economic Growth: Recession fears impacting demand projections
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Seasonal & Cyclical Analysis
Historical Seasonal Patterns
September Performance: Typically weak, hurricane season concerns
Q4 Seasonality: Mixed, depends on winter weather forecasts
Refinery Maintenance: September-October maintenance season reduces demand
Heating Oil Demand: October-November typically supports complex
Economic Cycle Positioning
Current Phase: Late cycle with demand concerns mounting
Inventory Cycle: Drawing season transitioning to building season
Refining Margins: Weak crack spreads indicating demand issues
Investment Cycle: Reduced capex affecting future supply growth
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Bull Trap vs Bear Trap Detailed Analysis
Current Market Structure Assessment
Bull Trap Scenario (75% Probability):
Characteristics: Any rally above $67 likely false breakout
Volume Profile: Low volume on rallies, high volume on declines
Technical Setup: Failed reclaim of key moving averages
Fundamental Support: Weak demand and oversupply concerns
Target Failure: Rally stops at $68-70 resistance complex
Bear Trap Scenario (25% Probability):
Characteristics: False breakdown below $62 creating buying opportunity
Catalyst Required: Major geopolitical event or supply disruption
Volume Confirmation: High volume reversal from $60-62 support
Technical Reversal: Hammer or bullish engulfing at key support
Breakout Target: $70-75 following trap completion
Trap Identification Signals
Bull Trap Confirmation:
- Break above $67 on declining volume
- Immediate reversal within 2-3 trading sessions
- High volume selling on subsequent decline
- RSI failure to confirm new highs
Bear Trap Confirmation:
- Sharp spike down to $60-62 on high volume
- Quick reversal with gap up formation
- Volume expansion on recovery move
- Geopolitical catalyst supporting reversal
---
Risk Management Comprehensive Framework
Position Sizing Methodology
Scalping Trades: 0.5-1% account risk per trade
Intraday Positions: 1-2% maximum account risk
Swing Positions: 2-3% account risk per established position
Maximum Exposure: 6-8% total oil-related risk allocation
Stop-Loss Implementation
Scalping: $0.20-0.40 per barrel maximum
Intraday: $0.80-1.50 per barrel based on volatility
Swing Trading: Above key resistance levels ($68 for current shorts)
Technical Stops: Elliott Wave and pattern invalidation levels
Profit-Taking Strategy
Scaling Approach: 30% at first target, 40% at second, hold 30%
Trailing Stops: Implement after 2:1 favorable movement
Time-Based Exits: Close before major inventory reports
Pattern-Based: Honor harmonic and Elliott Wave completion zones
---
Weekly Outlook Probability Matrix
Bearish Scenario (Probability: 70%)
Primary Catalysts:
- Continued demand concerns from China and global slowdown
- Strong US Dollar pressuring commodities
- Technical breakdown below $62 support with volume
- OPEC+ production increase implementation
Price Objectives:
- Initial: $60-62
- Extended: $58-60
- Crisis: $54-56
Neutral/Consolidation Scenario (Probability: 20%)
Characteristics:
- Range-bound trading $60-67
- Mixed inventory data and economic signals
- Technical indecision at support levels
- OPEC+ policy uncertainty
Bullish Scenario (Probability: 10%)
Risk Factors:
- Major geopolitical event or supply disruption
- Significant inventory draw or refinery issues
- Technical reversal from $60-62 support zone
- Unexpected OPEC+ production cut extension
Upside Targets:
- Initial: $68-70
- Extended: $72-75
- Crisis Premium: $80+
---
Long-Term Strategic Outlook
Multi-Year Price Cycle
Oil appears to be in a multi-year consolidation phase between $45-85, with current weakness potentially setting up major low formation in the $55-62 zone for eventual breakout above $85 targeting $110-120 by 2026-2027.
Energy Transition Impact
Long-term demand concerns from electric vehicle adoption and renewable energy transition continue to cap oil prices, creating ceiling around $85-90 level for sustained periods.
---
Conclusion & Strategic Recommendations
WTI Crude Oil (USOIL) stands at a critical technical juncture near $64.61, exhibiting strong bearish momentum with potential for further decline toward the $58-60 zone. The confluence of technical breakdown, fundamental weakness, and geopolitical pressures suggests elevated probability for continued selling pressure.
Key Bearish Factors:
1. Technical Breakdown: Clear break below $65-66 support zone
2. Fundamental Weakness: Demand concerns and oversupply issues
3. Geopolitical Pressure: US tariff policies affecting global trade
4. Seasonal Factors: Refinery maintenance season reducing demand
Critical Monitoring Points:
1. $62 Support Level: Key defense line for bulls
2. Inventory Data: Weekly EIA reports for demand signals
3. OPEC+ Policy: Production cut extension decisions
4. Geopolitical Developments: Middle East tensions and trade policies
Strategic Recommendation:
Maintain bearish bias with tactical short opportunities on rallies to $66-68 resistance zone. Target $58-60 for major profit-taking while managing risk above $68. Any sustained move above $70 would negate bearish thesis and suggest major reversal beginning.
The September-October timeframe represents critical period for direction, with potential for either accelerated decline to $55 or major reversal from $58-62 support complex.
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*This comprehensive analysis is provided for educational and informational purposes only. Oil trading involves substantial risk of loss and may not be suitable for all investors. Past performance does not guarantee future results. Always implement appropriate risk management and consult with qualified financial professionals before making investment decisions.*
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For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade)
I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors.
Sincerely,
Shunya.Trade
Website: shunya dot trade
Disclaimer: This post is intended solely for educational purposes and does not constitute investment advice, financial advice, or trading recommendations. The views expressed herein are derived from technical analysis and are shared for informational purposes only. The stock market inherently carries risks, including the potential for capital loss. Therefore, readers are strongly advised to exercise prudent judgment before making any investment decisions. We assume no liability for any actions taken based on this content. For personalized guidance, it is recommended to consult a certified financial advisor.
WTI 4HTrading Outlook for Major Currency Pairs and Indices, Especially Gold and Silver, in the Upcoming Week
In this series of analyses, we have reviewed short-term trading perspectives and market outlooks.
As can be seen, each analysis highlights a key support or resistance area near the current price of the asset. The market’s reaction to or break of these levels will determine the subsequent price trend up to the next specified levels.
Important Note: The purpose of these trading outlooks is to identify key price levels and potential market reactions, and the analyses provided should not be considered as trading signals.
CRUDE OIL Short From Resistance! Sell!
Hello,Traders!
CRUDE OIL made a retest
Of the horizontal resistance
Of 65.00$ from where
We are already seeing a
Bearish reaction and we
Will be expecting a
Further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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 Crude Oil – Range Support in FocusWe're waiting for price to reach the bottom of the range, and with a solid buy signal, we’ll consider going long.
However, since this level has been tested multiple times, it’s highly vulnerable to stop fishing — so caution is key.
As always, we’re ready for all scenarios:
If price breaks below, we’ll wait for a pullback to enter short.
But right now, we’re watching the range support for potential longs
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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29-08-2025 USOILThe market is not always chaotic and disorderly, and there is a precise geometric beauty hidden in price fluctuations. The harmonic form long strategy is a powerful tool for accurately identifying potential market reversal points based on the Fibonacci ratio. When the form forms perfectly at the key support level, it often indicates the depletion of bearish momentum and the initiation of bullish trends.
As shown in the figure: 15M Bullish Gartley
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
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27-08-2025 USOILThe market is not always chaotic and disorderly, and there is a precise geometric beauty hidden in price fluctuations. The harmonic form long strategy is a powerful tool for accurately identifying potential market reversal points based on the Fibonacci ratio. When the form forms perfectly at the key support level, it often indicates the depletion of bearish momentum and the initiation of bullish trends.
As shown in the figure: 15M Bearish shark