USOIL Is Bearish! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 63.688.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 60.936 level.
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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USCRUDEOILCFD trade ideas
WTI Edges Up On Big EIA Draw, Risk-on ToneFundamental approach:
- Last week, USOIL was modestly higher amid risk-on sentiment and tighter supply signals after a larger‑than‑expected US crude draw.
- Support came from the EIA’s reported six-million-barrel crude draw tied to lower imports and stronger exports, reinforcing a tightening balance even as Cushing stocks ticked up; broader sentiment also leaned on expectations of looser Fed policy aiding demand.
- Gains were tempered by mixed macro cues, fading Eastern Europe risk headlines, choppy dollar moves, and cautious positioning ahead of the next API/EIA prints.
- However, China's Sinopec last week reported a sharp profit drop, citing weak fuel consumption. The trend of subdued fuel demand is likely to continue as factors including lower consumer confidence, rising electric-vehicle adoption and improved fuel efficiency are reducing petroleum demand in China.
- Into late week, USOIL could firm if US inventories show continued draws and risk tone improves, while any surprise builds or de‑escalation of supply risks may cap rallies; follow‑through from Fed‑cut pricing and geopolitics could potentially steer near‑term direction.
Technical approach:
- USOIL found support quickly after closing below the key level at 63.90. The price is retesting both EMAs and closed above the key level at 63.90, signaling a make-or-break situation. The market awaits a clear breakout to determine the short-term movement.
- If USOIL closes above both EMAs and breaks the descending trendline, the price may continue to advance to retest the following resistance at 67.50.
- On the contrary, closing below the support at 63.90 may prompt a further weakness to retest the next support at 60.00.
PS: I shared a piece of the above ideas on The Wall Street Journal: www.wsj.com
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
WTI Crude Awaits Breakout Amid Sanction RisksWTI Crude Oil – Overview
Oil Holds Steady on Fed Cut Bets and Sanction Risks
Oil prices are flat in early trade as markets weigh the likelihood of a U.S. Fed rate cut in September against potential disruptions to Russian crude flows. Brent trades at $67.18 (-0.1%), while WTI is steady at $63.64, following a 2.5% gain last week.
Fading optimism over a Russia–Ukraine summit and renewed U.S. tariff threats against India add to volatility. Markets are closely watching the Aug. 27 deadline, when secondary U.S. tariffs against India for Russian oil purchases are expected to take effect.
🔹 Technical Outlook
WTI is trading in bullish momentum as long as it holds above 63.47.
Price is likely to consolidate between 63.47 – 64.72 until a breakout.
✅ Above 64.72: Bullish continuation toward 65.83 → 67.20.
⚠️ Below 63.47: Bias turns bearish, targeting 61.83.
🔹 Key Levels
Support: 63.47 – 61.83
Resistance: 64.72 – 65.83 – 67.20
✅ Summary:
WTI crude remains range-bound but biased to the upside, supported by Fed cut expectations and geopolitical risks. A decisive break from the 63.47–64.72 range will set the next trend direction.
WTI Steadies as Rate-Cut Bets and Supply Risks CollideWTI Steadies as Rate-Cut Bets and Supply Risks Collide
WTI crude hovered around $64 on August 25, steady after last week’s gains as traders balanced U.S. rate-cut expectations with geopolitical risks. The Fed is seen 85% likely to cut rates in September, boosting demand outlooks.
Supply concerns persist after Washington threatened 50% tariffs on Indian imports over Russian oil purchases, while India signaled it will keep buying from Moscow. Stalled Russia-Ukraine talks and renewed attacks on energy infrastructure add to uncertainty.
US OIL LONG RESULT Oil Price had been in multiple falling channel until reaching the support from which it consolidated in a sideways falling wedge and broke to the upside, from which I took the long setup, but price didn't retest the zone to fill it, so I took another entry from the next demand zone and boom, TP done ✅
_THE_KLASSIC_TRADER_.💪🔥
Crude Oil pauses as fed meets supplyOil steadied after a strong week, with WTI holding around $63. Markets are balancing the Fed’s signal of rate cuts, which could support demand, against rising supply from OPEC+ that risks creating an oversupply. The U.S. also moved to double tariffs on Indian imports in retaliation for its continued purchases of Russian crude, though Indian refiners signaled they’ll keep buying from Moscow. Risk assets gained broadly on expectations of easier monetary policy, but analysts cautioned that underlying fundamentals still point to downside risks. On the geopolitical front, Washington has intensified efforts to end the war in Ukraine, with Trump warning of “massive sanctions” on Russia if no deal is reached soon.
On the technical side, the price of crude oil is currently testing the resistance area consisting of the 61.8% of the weekly Fibonacci retracement level and the dynamic resistance between the 50 and 100-day simple moving averages. The Bollinger bands have somewhat contracted, showing that volatility in the market for crude might be slowing down for the time bein,g while the Stochastic oscillator is pushed near the extreme overbought levels, hinting that there might be a bearish correction in the upcoming session,s possibly retesting the lows of $62.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
Bearish Outlook: Short Position Based on Technical and FundamentBased on a detailed assessment of key support and resistance levels, as well as recent fundamental news, I believe the price is set to decline. The current price action is approaching a critical resistance zone, which has historically proven to be a strong reversal point. Combined with bearish market sentiment driven by , the outlook for the asset appears to be skewed to the downside.
The risk-reward ratio on this short position is favorable, with the potential for significant profit if the price breaks THE ACCTUAL PRICE. I will be monitoring this trade closely for any signs of reversal or further confirmation of bearish momentum.
Bearish continuation?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support, which is a pullback support.
Pivot: 65.65
1st Support: 60.66
1st Resistance: 70.97
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OILUSD Testing 64.576 ResistanceWTI Crude Oil rebounded from the 61.717 support zone and is now pushing into the 64.576 resistance area, where sellers previously stepped in.
Support at: 63.090 | 61.717 | 59.869 | 55.451
Resistance at: 64.576 | 66.280 | 70.265 | 75.329
🔎 Bias:
Bullish: A breakout above 64.576 could fuel momentum toward 66.280.
Bearish: Rejection here may lead to a retest of 63.090 and possibly 61.717.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
WTI Crude Oil · M15 · 24-Aug — “Buy the Dip into EMA/Donchian”🟢 Bias: Intraday long after spike, buy the dip into Donchian + EMA support.
Entry: $62.90 – $63.20
Stop-Loss: $61.95
Targets: TP1 $63.80 · TP2 $64.70 · TP3 $66.00
RRR (from $63.10): Risk $1.15 → TP3 +$2.90 = ~1:2.5 ✅
Why this works:
Confluence: Donchian support ($62.91) + 200 EMA M15 ≈ $62.38 (white).
Structure: Higher highs/lows since Aug-20; volume expands on pushes, compresses on pullbacks.
HTF context: H4 pressing toward 200 EMA ≈ $64.7–$65.0 (key pivot).
Execution: Look for a bullish rejection/engulfing inside the box + 8/21 EMA hold (orange/blue) above the 200 EMA (white).
Risk: ≤ 1%. Move SL→BE after TP1.
Trade Confidence: ⭐⭐⭐⭐ (High if retest holds and 8/21 maintain bullish structure)
🔒 Want more? The Prime version below adds: alternate short plan at $64.7–$65.0, management ladder, HL tight-stop variant (~4R), and a full execution checklist. Follow on Skool, link in profile!
⚠️ Trading involves risk. Manage exposure and trade responsibly.
💬 Thoughts on this setup?
WTI4H In this series of analyses, we have reviewed trading perspectives and short-term outlooks.
As can be seen, in each analysis there is a key support/resistance zone close to the current asset price, and the market’s reaction or breakout at this level will determine the next price trend toward the specified targets.
Important note: The purpose of these trading perspectives is to highlight significant levels ahead of the price and potential market reactions to these levels. The provided analyses are by no means trading signals!
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.73
Target Level: 61.24
Stop Loss: 65.36
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USOIL Set To Fall! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 63.76
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 63.02
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
CRUDE OIL Pullback Ahead! Sell!
Hello,Traders!
CRUDE OIL is etching closer
And closer towards the
Horizontal resistance of 64.60$
So as we are bearish biased
We will be expecting a local
Pullback on Monday
After the retest
Sell!
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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.