Overbought NO where in Sight I keep seeing people stating that Crude is overbought but on the 1day time frame it is just beginning.
If it were me I would be mindful of placing short orders for oil at this time and continue to look for long opportunities during the NY sessions.
Thats just me though ๐คท๐ฝโโ๏ธ
USOIL.F trade ideas
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 โ3โ.
This movement is the development of the big corrective wave โCโ. In general, the plan remains the same.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Crude Oil (WTI) Short Setup Bearish Reversal from Rising ChannelAsset: CFDs on Crude Oil (WTI)
Timeframe: 1 Hour (1H)
Pattern: Rising channel (ascending parallel channel)
Trade Type: Short (Sell) Setup
Risk/Reward: The trade is planned based on a channel breakdown, targeting a move down to the base of the move.
๐ Key Trade Levels
Type Price Level
Entry 6,709.7 โ 6,711.0 (near upper channel resistance)
Stop Loss 6,762.0 โ 6,762.3 (above recent highs)
Target 6,353.6 โ 6,353.8 (near recent support)
๐ง Trade Rationale
Rising Channel Break: Price is currently within a rising channel, but recent candles show rejection at the upper boundary.
Fakeout Trap: There's a sketched projection suggesting a false breakout to the upside, followed by a sharp reversal into a short move.
Entry Zone: The trade is planned if price retests the upper zone (entry area), which aligns with the top of the channel.
Target Zone: The projected target is around the bottom of the channel or just below, implying a full retracement of the previous bullish leg.
Risk Management: Stop loss is placed slightly above the upper boundary to avoid getting stopped out by minor wicks.
๐ Technical Insights
Bearish Momentum Potential: If price fails to hold above the channel and re-enters with strong bearish volume, it supports a short entry.
Volume Analysis Needed: A confirmation with increasing volume on the breakdown would strengthen the setup.
Trend Reversal Signal: This setup may be hinting at a trend reversal or at least a significant pullback from the current upward trend.
โ
Conclusion
This is a high-probability short trade setup based on:
A break/retest of an ascending channel.
A potential false breakout trap.
Defined entry, stop loss, and take profit levels offering a solid risk/reward ratio.
CRUDE OIL (WTI): Pullback Trade From Support
WTI Crude Oil looks oversold after a test of a significant
daily horizontal demand zone.
A formation of a bullish imbalance candle on an hourly time frame
indicates a strength of that structure.
With a high probability, the price will pull back to 62.38
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USOIL: Range-bound setup with upside test before downside risk
* 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 โ static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) โ and determined based on the traderโs 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 ๐โจ
USOIL WEEKLY CHARTUS OIL have a seen a sharp drop in price and buyers and opec kept April 2025 low at 54.93$-55$ zone and retested in the month of may 2025 at 54.93$-55$ zone ,this zone could be considered as weekly benchmark buying deman floor from our strategy.
As geopolitical tension cools off oil price surged but capped by long term descending trendline connecting as represented on the chart on weekly timeframe,at the moment we have bridged 64.041$ and it will expose 70.971$-71.82$ descending trendline acting as dynamic resistance to oil uprising for a long time .
if buyers and opec make critical change and demand exceeds supply then we are going long on the break of 70.971$-71.82$ into 88$-85$ zone before correction .
pls let me know if you like the analysis and if we have any error to help us win on oil forecast.
pls note that this is my perspective based on the strategy and it could have some error.
#oil #usoil #ukoil
WTI Crude Oil ReboundsWTI Crude Oil Rebounds
Crude oil is recovering and might rise toward the $64.30 resistance zone.
Important Takeaways for WTI Crude Oil Prices Analysis Today
- WTI Crude oil is recovering losses and trading above $62.60.
- There is a major bearish trend line in place with resistance near $63.65 on the hourly chart of XTI/USD.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil, the price found support near $61.60 against the US Dollar. The price formed a base and started a recovery wave above $62.60 and the 50-hour simple moving average.
The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $64.32 swing high to the $61.58 swing low. The hourly RSI is above the 60 level, but the price is struggling near $63.65.
Besides, there is a major bearish trend line in place with resistance near $63.65. It coincides with the 76.4% Fib retracement. A close above the trend line resistance might send the price toward the $64.32 high.
The next hurdle could be $65.00. A clear move above $65.00 could send the price toward $66.25. Any more gains might open the doors for a test of $68.00.
Conversely, the price might start a fresh decline from $63.65. Immediate support sits near $62.95. The key breakdown zone on the WTI crude oil chartmight be $62.60 and the 50-hour simple moving average.
If there is a downside break, the price might decline toward $62.60. Any more losses might encourage the bears for a push toward the $61.58 low.
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 OIL Descending Triangle targeting its top.WTI Oil (USOIL) has been trading within a Descending Triangle and following yesterday's test of its Support Zone, it is rebounding.
This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.
This gives us a 63.80 Target before the pattern's Lower Highs trend-line is tested.
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๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
CRUDE OIL FREE SIGNAL|SHORT|
โ
CRUDE OIL is going up now
But a strong resistance level is ahead at
Thus I am expecting a pullback and we
Will be able to enter a the following short trade:
------------------------
Entry: 86.500
Stop Loss: 86.700
Take Profit: 86.100
------------------------
SHORT๐ฅ
โ
Like and subscribe to never miss a new idea!โ
USOIL: Breaks $64.75 โ Is a retest of $66 and higher level?This is my previous analysis โ feel free to take a look for reference.
* 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 โ static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) โ and determined based on the traderโs 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 ๐โจ
Could we see a bullish reversal?WTI Oil (XTI/USD) is reacting off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 62.08
1st Support: 60.99
1st Resistance: 64.18
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.
Oil Bulls Beware: 65.5 Could Be the Turning Point๐ฒ NFX Oil Trade Alert โ Quick View
GBEBROKERS:USOIL โ Resistance Test in Play
๐ Current Level: 65.00
๐ Next Target: 65.45โ65.90 (38.2% Fib + Supply-Demand Zone)
โ ๏ธ RSI likely to hit overbought at this zone โ potential short setup
๐ Bias: Bearish rejection at 65.5 (preferred scenario) โ Target back to 62
๐ Catalyst: Bullish ECONOMICS:USGPRO EIA report, but effect already priced in from Mondayโs rally.
๐ Oil Trade Analysis โ Detailed Breakdown
FX:USOIL tested 65.00 after breaking out of the 64.1โ64.5 SR zone postโEIA report (23.6% Fib retracement). This marks the second bullish report in a row, but this one was weaker, and the reaction looks mostly priced in after the rally from Monday to today.
Currently, price is hovering around 65.00, which is acting as a minor support. While this level may hold temporarily, itโs unlikely to sustain against broader resistance at 65.5.
Iโm expecting price to push further towards the 38.2% Fib retracement (65.45โ65.90), which also aligns with a major supply-demand zone. At this level, RSI will likely flash overbought, making it my preferred area to look for shorts.
๐ Scenarios
Path A โ Bearish Rejection (Most Probable)
Resistance holds at 65.5 zone.
Expectation: Sharp rejection โ price retraces back to 62 (lower band of range).
Path B โ Extended Rally (Less Probable)
Price breaks and sustains above 65.9.
Would invalidate immediate short setup and open path towards higher Fib levels.
โ๏ธ Fundamentals
While the EIA report acted as a short-term catalyst, supply hike remains a heavy bearish overhang. Nothing has changed on the bigger picture.
๐ฌ Game Plan
Watching closely for clear rejection at 65.5. Thatโs where Iโll be pulling the trigger for shorts.
WTI Crude | Oversupply Pressures Below Key AveragesWTI crude remains under pressure as the September sell-off extends. Rising supply from OPEC+ easing cuts and Russian export adjustments continue to outweigh seasonal demand, while U.S. macro indicators point to a softer consumption backdrop. The Fedโs September rate cut offered little support, with demand signals still muted and inventories building.
Technically, WTI trades below both the 20- and 50-day moving averages, reinforcing a bearish tone. Price action remains capped within a consolidation channel, with sellers defending the upper boundary. A sustained failure to reclaim the moving averages leaves scope for further downside toward the anchored VWAP from April lows and the broader $60โ62 zone.
For now, crude sits at an inflection point: oversupply fears and soft demand keep pressure on the downside, while only a breakout above recent consolidation highs would begin to shift momentum.
USOIL Analysis- Bearish OutlookUSOIL Analysis- Bearish Outlook
Crude oil is once again testing the resistance zone near $65.00, a level that has been rejected multiple times in the past. Sellers seem to remain strong at this area, keeping the price from breaking higher.
Currently, the chart suggests a possible pullback from resistance. If the bearish move continues, the first target is around $63.10, followed by the lower support area at $61.80.
As long as the price stays below $65.00, the short-term outlook remains bearish.
You may find more details in the chart!
Thank you and Good Luck!
โค๏ธPS: Please support with a like or comment if you find this analysis useful for your trading dayโค๏ธ
USOILPrice is consolidating inside a large symmetrical triangle pattern, with strong support forming around the $62.00โ62.50 zone. A breakout is approaching as price nears the apex.
๐น Key levels to watch:
Resistance zone: $65.99 โ $66.87
Major breakout confirmation: $70.32
Upside target (if breakout sustains): $72.80 โ $74.00
๐น Bias:
As long as $62.00 holds, bulls may attempt a breakout towards the upper resistance trendline. A clean close above $66.87 could trigger momentum toward $70.32 and potentially $72+.
โ ๏ธ However, a failure to hold $62.00 support may invalidate the bullish setup and push price lower.
Natural Gas & Oil Rally...What You Need to KnowNatural gas price action made a bullish reversal on the daily chart.
Closing up 1.8% ahead of inventories is very aggressive trading by the bulls.
The last couple of inventory prints have been bearish.
Crude Oil inventories sent WTI crude higher.
Energy & oil stocks were very strong today on the drop in oil inventories.
September 19 week inventories dropped by about 3.5 Million barrels.
This is showing a greater demand for oil.
Crude is still chopping around in a very dangerous technical level. Hasn't broken out or down.
USOIL TodayToday the crude oil yet the key support level of 62 remained unbroken,We still predict that it will maintain an overall upward trend.
Buy 62.25 โ 62.45
TP 62.75 - 62.95
SL 62.00
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable referenceโdonโt hesitate to use them! I truly hope they bring you significant assistance
OIL (WTI) โ Trading Plan | Sep 26, 2025๐ Technical Analysis of OIL (WTI) โ Sep 26, 2025
1. Main Trend
- On the H1 timeframe, oil is in a medium-term uptrend, reflected by the ascending trendline extending from Sept 24 until now.
- Price has just had a strong breakout above the weekly VAH (65.45), confirming buying pressure dominance.
2. Key Zones
Resistance:
- 65.80 โ 66.00: short-term resistance recently rejected.
- 66.50 โ 67.00: stronger resistance zone, overlapping the previous swing high.
Support:
- 65.45 (VAH): nearest support; as long as price stays above this, the uptrend is reinforced.
- 65.10 โ 64.60 (POC): central support, balance area.
- 63.00 โ 62.90 (VAL): deeper support, previous volume low.
3. Price Action
-- Price had a strong breakout candle up to 66.00 but was rejected, now pulling back slightly toward VAH 65.45.
- The breakout was accompanied by large volume โ buyers are in control, but short-term profit-taking pressure is appearing.
- If price holds above VAH, the uptrend will likely continue. If it falls back below POC 64.60, selling pressure may return.
4. Candlestick Pattern
- A rejection candle appeared at 66.00 with a long upper wick โ short-term bearish signal.
- However, candles around VAH show small bodies โ market is waiting for pullback confirmation.
5. Trading Plan (in order of priority)
๐ Scenario 1 โ Buy with the trend (priority):
- Buy if price retests VAH 65.45 successfully or around POC 65.10 โ 64.60.
- TP: 66.00 โ 66.50 โ extended to 67.00.
- SL: below 64.40.
๐ Scenario 2 โ Buy breakout continuation:
- If price breaks above 66.00 with a strong H1 candle.
- Enter Buy on breakout.
- TP: 66.50 โ 67.00.
- SL: below 65.45.
๐ Scenario 3 โ Short-term Sell (only if clear signals appear):
- If price fails to hold VAH 65.45 and breaks POC 64.60.
- Enter Sell with momentum.
- TP: 63.00 โ 62.90 (VAL).
- SL: above 65.80.
๐ Summary:
- Priority remains on Buy as long as price holds above VAH 65.45.
- If breakout above 66.00 succeeds โ continue Buying with the trend.
- Only consider Selling if price drops below POC 64.60.
๐ If you find this analysis useful, donโt forget to hit like ๐ and drop a comment ๐ฌ to support us in delivering even better insights! Or join my channel to get free signal.