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USOIL trade ideas

WTI falls after US slaps 50% tariff on India over Russian oilWTI oil prices have dropped from $65 to around $62.80 as markets react to new US tariffs on India, triggered by India’s ongoing oil trade with Russia. These tariffs, along with threats of even higher tariffs on China, are weighing on global demand and pushing oil prices lower. Meanwhile, Iran’s oil production has hit multi-year highs, adding more supply to the market and reinforcing the bearish trend. Technically, oil has broken below a key Fibonacci support level, signalling a deeper pullback. If prices fall below $62, further downside toward $57 is possible. Upside moves may be short-lived unless there’s a major geopolitical shock, such as an escalation in the Russia-Ukraine conflict. For now, both the macro environment and technical signals indicate continued pressure on oil prices. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:WTIShort
by ThinkMarkets
1
USOIL Bearish Reversal & Selling OpportunityUSOIL (WTI Crude Oil) – Bearish Setup Analysis The chart shows a clear bearish structure with multiple confirmations: Trendline Rejection & Break: Price rejected from the upper rejection line and later broke the rising trendline, confirming bearish momentum. FVG (Fair Value Gap) Selling Zone: Price retested the imbalance zone (63.53–63.94), creating a strong selling opportunity. EMA Confluence: Both the 70 EMA and 200 EMA are above the price, acting as dynamic resistance, supporting bearish bias. Market Structure Shift (MSS): Breakdown of higher lows signals shift to bearish structure. Target: Downside continuation expected towards 61.65, the next liquidity and support zone. Stop Loss: Above 63.94 (selling zone invalidation). 📉 Strategy: Look for sell entries around 63.53–63.94 zone, with target at 61.65 and stop loss above 63.94.
TVC:USOILShort
by MR_JOHN144
Crude oil strategy analysisCrude Oil News The US S&P Global Composite PMI hit an eight-month high in August, prompting traders to reduce their bets on two Federal Reserve rate cuts this year. This eight-month high (assuming the initial composite PMI exceeds expectations) directly reflects the expansion of the US manufacturing and service sectors. This, coupled with increased activity in crude oil consumption scenarios like industrial production and freight logistics, provides substantial support for domestic crude oil demand. While this "reduced bet on rate cuts" may slightly strengthen the US dollar, the increased demand driven by economic resilience is more directly positive for crude oil. The US and Europe have officially finalized the framework for their trade agreement. The implementation of the US-EU trade agreement will stimulate bilateral trade (e.g., increased cross-border transport of industrial and consumer goods). Increased air, sea, and road freight volumes will directly boost fuel demand. Furthermore, the agreement will drive industrial production expansion in both the US and Europe, increasing manufacturing energy consumption (including downstream crude oil products). This will improve global crude oil demand expectations and benefit oil prices. Crude Oil Indicator Analysis Oil prices have experienced a slight correction since yesterday's surge. While the MACD indicator has formed a golden cross and the red momentum bar has increased, it is still hovering near zero, indicating a volatile bull-bear equilibrium. Furthermore, the RSI is nearing overbought territory and is experiencing a pullback, suggesting that the 64.5 level is facing some pressure, suggesting further short-term declines. Strategy Previously, I suggested opening two short positions at resistance levels: one at 64.5 and then increasing the number of short positions near 65. The market peaked near 65, holding resistance, and the market gradually retreated, capturing all the profits. This was a very accurate prediction of this trend in crude oil. As crude oil approaches 64, consider opening a bearish short position.
TVC:USOILShort
by Violet_Trading_Strategy
WTI OIL technically more chances to test the 1D MA50. Buy.Last week (August 20, see chart below) we issued a bullish break-out signal on WTI Oil (USOIL) that reached our $65.60 Target within 3 days: This time we get a new buy signal, despite today's sharp pull-back. The -12.78% decline since the July 30 rejection, resembles the one since the October 08 2024 High. This rebounded to just above the 1D MA50 (blue trend-line) to form a new Lower High and get rejected again. As a result, our immediate short-term Target is $66.30. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Crude oil prices are about to start fallingPreviously, market volatility increased due to news reports: Trump's direct dismissal of Federal Reserve Board Governor Tim Cook. This move undoubtedly undermined the Fed's independence. Historically, such incidents have undoubtedly put immeasurable pressure on currencies. The US dollar index plummeted in response, and gold prices followed a V-shaped trend, retracing to the 3351 level as expected and then rising to around 3386 before fluctuating and correcting. The current low is 3367, which is also the entry point for long positions we shared with you. This entry point can be entered twice, and both times it reached the target above 3380. Crude oil fell rapidly from around 64.7, initiating a short-term correction today. The daily K-line has been rising for several consecutive days, indicating the need for a short-term correction. Strategy Open a short position if crude oil rebounds to 64.5. If it continues to rebound to around 65, increase the short position. The target is around 63.
TVC:USOILShort
by Violet_Trading_Strategy
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. 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!
FX:USOILShort
by SignalProvider
1
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
FX:USOILSPOTLong
by DatTong
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.
TVC:USOILLong
by SroshMayi
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.
FOREXCOM:USOILLong
by ProfessorSingapore