Possible long position.A bulish wave can continue and push price higher and higher.
so a possible long position is already for me.
Trade ideas
USOIL WTIthe current price of WTI crude oil (USOIL) stands around $62.050 to $62.31 per barrel, reflecting a recent rise of about 4.97% compared to previous days. The market has experienced volatility driven by geopolitical tensions and US sanctions on major Russian oil companies, which impact global supply dynamics.
Key Factors Affecting USOIL and Oil Trade Policies
Geopolitical Influences and Sanctions:
US sanctions on Russian oil firms such as Rosneft and Lukoil continue to tighten global supply access, especially affecting supply to large importers like China and India. These sanctions heighten supply-side risks and contribute to price volatility.
US Oil Production and Domestic Policies:
The US remains one of the top global oil producers, with policies encouraging increased output (“drill, baby, drill” style) to ensure energy security and moderate prices domestically while using energy exports as geopolitical leverage.
Trade Agreements and Tariffs:
Trade discussions, such as US-India negotiations, aim to reduce tariffs and expand energy trade, influencing crude demand and pricing. Tariffs and trade restrictions remain important policy tools that may alter trade flows and market access.
OPEC and IEA Production Forecasts:
Global supply forecasts have been revised upward, with expectations of growth to 106-108 million barrels per day by 2026. OPEC production strategies continue to influence market balance and price direction.
Market Volatility and Demand Outlook:
Economic uncertainties, inflation concerns, and shifts toward renewable energy impact demand projections. Demand growth for 2025-2026 has seen downward revisions amid these mixed signals.
Overall, USOIL prices and global oil trade in 2025 are shaped by a complex interplay of geopolitical sanctions, domestic production policies, trade agreements, and evolving market demand, creating significant price volatility and trade flow shifts.
#OIL #WTI #CRUDEOIL #GAS
Oil jumps after new US sanctions on RussiaNew sanctions against Lukoil and Rosneft by the USA pushed oil up recently as traders worried that threatened secondary sanctions on banks working with these companies could disrupt supply to China, India and other importing countries. While this has done much to alleviate recent fears of significant oversupply, the effects in the medium term aren’t clear yet.
$54.75-56 seems to be confirmed as an area of support on the weekly chart with 17-20 October having been the third unsuccessful test. The crossover of the slow stochastic in oversold and clear break above the 20 SMA might normally be strong buying signals but volume doesn’t clearly support the bounce yet.
The 50 SMA from Bands which is price is currently testing looks like an important short-term dynamic resistance. Confirmation of more gains might come from a daily close clearly above $62. Beyond there, the 200 SMA just below $64 is likely to be a strong resistance from which a breakout would probably require a significant uptick in buying volume.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
USOIL : Full analysisHello friends
Well, considering the sharp decline we had, the price has entered a descending channel and is slowly going down in this channel.
Now the price has reached a critical point, namely the bottom of the channel.
We need to see if buyers will support the price at the bottom of the channel like the previous two times or not?
If we do not see support from buyers and the channel is broken, we can expect lower prices.
56.30 and 53 dollars respectively.
But we will most likely see buyers' support in this area and the price could even reach the channel ceiling.
*Trade safely with us*
US OILD SUPPORT, RESISTANCE & TRENDLINE ANALYSISGo "LONG" if it breaks 61.96 with 62.21 as the target and if it breaks that then plan for 62.59 and if it breaks further then go for 62.90
Go "SHORT" if it breaks 61.59 with 61.23 with the first target and if it breaks that along with the trendline support then plan till 60.86 and if it breaks that as well then further till 60.50 and breaking that also will lead to 59.93
WTI Oil: $66 Back on the Cards as Sanctions BiteWTI crude extends its rally this morning after fresh U.S. sanctions on Rosneft and Lukoil sparked renewed supply concerns. The EU’s latest package added to the bullish momentum, sending prices sharply off the $56–57 demand zone.
Technically, the point of control (POC) from the recent volume profile aligns perfectly with the $65.50–66.00 resistance, suggesting this is where price may stall or consolidate before deciding the next leg.
Momentum remains strong, volume is rising, and bulls are clearly in control. As long as WTI holds above $60, a push into $66 looks likely — but expect sellers to reappear at that POC zone.cards — especially as the market reprices geopolitical risk and short-term supply tightness.
Key Levels:
Support: $57.00 / $60.00
Resistance: $62.50 / $65.50–66.00
Next target: $66.00
Oil - Expecting Bullish Continuation In The Short TermM15 - Strong bullish momentum.
No opposite signs.
Until the two Fibonacci support zones hold I expect the price to move higher further.
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Analysis of crude oil trends. Hope it is helpful to you. "Demand and Sentiment" With crude oil prices currently stabilizing at $61.50, instead of obsessing over "whether supply is excessive," it’s better to focus on three more direct signals supporting a long position. These signals lie in changes in demand and market sentiment, and they are actually more closely aligned with short-term price movements:
1. "Unexpected Recovery" on the Demand Side
Previously, there were widespread concerns that "oil consumption would not pick up," but recent data has sent a reversal signal: Last week, the U.S. refinery utilization rate rose from 85% to 88% (the higher a refinery's operating rate, the more oil it consumes). Moreover, China has just rolled out a "stable growth plan for the petrochemical industry," which requires guaranteed supply of refined oil products in the fourth quarter—this directly drives up demand for crude oil purchases. More crucially, U.S. crude oil inventories unexpectedly decreased by 2.8 million barrels (compared to the original expectation of a 500,000-barrel increase). This is equivalent to "more oil being consumed than produced," and such a demand recovery will directly prop up oil prices.
2. Market Sentiment Shifting from "Bearish" to "Neutral, Then Bullish"
Previously, when oil prices were below $60, 80% of traders were taking short positions (expecting prices to fall). But the situation has changed now: Over the past three days, the volume of funds flowing into long positions has increased by 30%, and even small and medium-sized traders have started following the trend to enter the market. A more obvious sign is that in the past, oil prices would be pushed down by a flood of sell orders once they rose to $59.8, but now there are plenty of buy orders to absorb pressure at $60.50. This shows that the market's view on oil prices has changed—it’s no longer the case that "traders sell as soon as prices rise."
3. Short-Term Funds "Piling In" to Support Prices
The world’s largest crude oil ETF (equivalent to a fund where investors pool money to invest in crude oil) has seen a net inflow of $1.2 billion over the past three days—the largest single-week inflow since the start of this year. Additionally, some short-term funds on Wall Street are also quietly increasing their crude oil holdings. These funds are not entering the market for long-term investments; they are simply betting on a short-term rise in oil prices. Their buying activity will directly push oil prices upward, and at the very least, prevent a sharp short-term drop.
Crude Oil Trading Strategy for Today
usoil @buy61.00-61.50
tp:62-62.5
sl:59.5
XTI/USD : Oil Prices Rise Following Trump’s Sanctions DecisionXTI/USD Chart Analysis: Oil Prices Rise Following Trump’s Sanctions Decision
According to the XTI/USD chart, WTI crude is now trading above the key psychological level of $60, marking a sharp rebound of over 3% from October’s lows.
The surge came after U.S. President Donald Trump announced sanctions against major Russian oil producers Rosneft and Lukoil, which together account for more than 5 million barrels of oil per day.
The move is expected to reduce global oil supply; however, media outlets point out that:
→ there is no certainty that China and India will refrain from purchasing Russian crude;
→ previous sanctions introduced under the Biden administration — targeting companies such as Gazprom Neft and Surgutneftegaz — had little impact on Russian oil exports.
What could happen next?
Technical Analysis of the XTI/USD Chart
On 20 October, we noted that two descending channels had formed:
→ Red channel – a long-term pattern that developed following the Middle East escalation in June;
→ Purple channel – indicating accelerated downside pressure driven by rising OPEC+ output and hopes for a U.S.–China trade accord.
Our earlier assumption that the market was oversold and that the Falling Wedge pattern might trigger a bullish reversal proved correct (as shown by the arrow). Following the formation of an inverted head and shoulders pattern, oil prices climbed towards the median line of the purple channel.
At this stage, consolidation appears the most likely scenario, as supply and demand may stabilise around the channel’s median. Much will depend on statements from the White House, since higher oil prices could threaten U.S. inflation objectives.
However, if bullish momentum persists, WTI may continue to rise towards the next resistance area, defined by:
→ the upper boundary of the purple channel;
→ the 8–9 October highs, where a false breakout similar to the bear trap seen on 26 September cannot be ruled out.
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.
USOIL H4 | Approaching Major Resistance LevelBased on the H4 chart analysis, we could see the price rise to the sell entry which is an overlap resistance and could reverse from this levle to the take profit.
Sell entry is at 61.90, which is an overlap resistance.
Stop loss: 63.54, which is a pullbakc resistance.
Take profit is at 60.10, which is a pullback support.
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Bearish reversal off major resistance?WTI Oil (XTI/USD) is rising towards the pivot, which is an overlap resistance and could reverse to the 1st support.
Pivot: 62.10
1st Support: 58.37
1st Resistance: 64.66
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.
US CREDE OIL SPORTAccording to Wyckoff's analysis, the trend of oil in the Forex market is accumulation and we are starting this change. Please send me your comments.
Thank you, my dear professor Ramtia Siddiqi
Pullback in Oil a selling opportunity? Oil markets received a boost in recent trading following the announcement of US sanctions on major Russian Oil producers: Rosneft and Lukoil.
Pushing price action above two key resistance levels at US$58.34 (6M) and US$59.46 (3M), WTI Oil is fast closing in on resistance from US$61.22 (1Y). It is worth considering that the recent upside move could simply be a pullback within a market that has been trending lower since the beginning of this year; therefore, sellers may make a show from US$61.22 if tested. Alternatively, a break higher opens the door to a larger area of resistance between US$64.82 and US$62.97 – a zone formed of 1M and 1W levels.
Written by the FP Markets Research Team
US OIL HI GUYS,
US OIL has finally made it to reaction zone. continuation buys on the pull back as illustrated months ago.
THE BUYS are almost exhausted. so i expect the Hs pattern some time next week for the long position sells.
USOIL breakout from consolidation zone big breaking📊 USOIL (WTI Crude Oil) Technical Update 🛢️
USOIL has confirmed a descending channel breakout followed by a range consolidation breakout — showing strong bullish momentum on the 30-minute timeframe. 🔥
📈 Breakout Level: 57.60
🎯 Technical Targets:
1️⃣ First Target – 58.20
2️⃣ Second Target – 59.00
As long as price holds above 57.60, the bullish bias remains intact. ⚡
#USOIL #WTI #CrudeOil #PriceAction #TechnicalAnalysis #BreakoutTrading
USOIL's upside target is 64.6On the daily chart, USOIL stabilized and rose after retracing to the previous demand zone, forming a bullish bat pattern. The first upside target is currently 61.3, and the second target is 64.6.
US OIL SUPPORT, RESISTANCE & TRENDLINE ANALYSISMY all targets hit for "LONG" in previous post.
Go "LONG" if it breaks 60.67 with 60.78 as the target. If it breaks that then move up-till 61.04 and breaking that might lead till 61.14.
Go "SHORT" if it breaks 60.32 and target till 60.09 and if it breaks that then 59.97 might be the next target and breaking that might lead to 59.61.
Crude oil trading strategy for today. Hope it is helpful to youWhy Is the $60.13 Level Suitable for a Long Position in Crude Oil?
Currently, crude oil prices have stabilized above the $60 mark. Although there are still concerns about "excess supply" in the market, from the perspective of short-term opportunities, two key signals support our attempt to take a long position—we should not be constrained by the previous "weak market" mindset:
1. Escalating Risks of Geopolitical Conflicts
Ukraine has stepped up attacks on Russia's oil facilities. Recently, it has knocked out two large Russian oil refineries, pushing Russia's oil refining volume to a two-year low. If key oil pipelines are affected in the future, or if the conflict between Israel and Lebanon in the Middle East expands to disrupt transportation in the Persian Gulf, the market will immediately worry about "insufficient oil supply," and oil prices are likely to surge rapidly. For reference, after Israel's air strike on Iranian facilities in June, oil prices soared by 6.9% in a single day—such sudden opportunities are worth seizing.
2. OPEC+ Lacks Momentum for Further Production Increases
Although OPEC+ plans to increase production by 137,000 barrels per month from October to November, most oil-producing countries have no spare production capacity left. Back in May, the actual production increase only reached 45% of the planned amount. Recently, there have been reports that OPEC+ is discussing "suspending subsequent production increases" internally. If it clearly announces the suspension of production increases (or even resumes production cuts) at its meeting, the pressure from excess supply will be significantly relieved, and oil prices will gain stronger momentum to rise.
Crude Oil Trading Strategy for Today
usoil @ buy60.00-60.50
pt:61-61.50
sl:59
USOILPrice recently formed a Higher High, confirming bullish momentum.
Currently, price is pulling back and forming a Higher Low, maintaining the uptrend structure.
📈 Buy Stop placed above the previous Higher High, anticipating a breakout continuation.
🛑 Stop Loss set just below the Higher Low, where price previously reversed.
🎯 Risk to Reward: 1:2, aiming for a favorable reward relative to the risk.
Structure: Bullish (HH + HL)
Entry Type: Breakout Entry
Confirmation: Structure + Buy Stop Strategy
SL: Below HL | TP: 2x Risk
Today's crude oil strategy, hoping to be helpful to you.Although the current broader context of the international crude oil market is "excess supply and weak demand", from the perspective of short-term and potential opportunities, there are three key points that support us to attempt a long position. We should not be deterred by the broader "weak market" trend:
Potential "Flashpoints" in Geopolitical Conflicts
Ukraine has not stopped using drones to attack Russia's oil facilities, and Russia's oil refining volume has now hit its lowest level in over two years. If key pipelines are attacked next, or if conflicts between Israel and Qatar in the Middle East escalate further, affecting crude oil transportation, the market will definitely rush to buy oil out of panic. In this case, oil prices will most likely surge suddenly. For example, back in June, when Israel launched an air strike on Iran's nuclear facilities, oil prices rose by 6.9% in a single day. We must seize such opportunities.
Possible "Hitches" in OPEC+ Production Increase
Although OPEC+ plans to increase supply by an additional 137,000 barrels per month in October and November, many oil-producing countries actually have little extra oil to produce. As early as May, the actual production increase was more than half lower than the planned amount. If OPEC+ announces "no more production increases" in subsequent meetings, or even resumes production cuts, the pressure from excess supply will be reduced significantly, and oil prices will naturally be able to hold steady or even rise.
Crude Oil Trading Strategy for Today
usoil @buy 57.50-58.00
pt:58.50-59
sl:57
WTI OIL Strong long-term rebound incoming.Over a month ago (September 17, see chart below), we gave a strong Sell Signal on WTI Oil (USOIL) as the price was again rejected on its 1W MA50 (blue trend-line) and was headed towards the inner Higher Lows trend-line, easily hitting our $59.50 Target in the process:
Yet again we consult the more reliable long-term time-frames, now making a bullish call as the price is already rebounding this week on the Higher Lows. Given also the identical 1W RSI pattern with 2023, we expect a bounce towards at least the 0.618 Fibonacci retracement level at $69.50, same as the December 2023 - March 2024 rally.
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WTI Crude oversold bounce capped at 6030 resistanceThe WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the longer term support, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 6030, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6030 could confirm the resumption of the downtrend, targeting the next support levels at 5747, followed by 5677 and 5606 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6030 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6073, then 6170.
Conclusion:
The short-term outlook remains bearish unless the WTI Crude price breaks and holds above 6030. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
