Oil at a Crossroads as US–Iran Talks LoomOil at a Crossroads as US–Iran Talks Loom
Oil has not been moving for days. The current geopolitical tension is creating an even more confusing path for one of the most traded commodities.
The problem this time is Iran.
The White House confirmed that the US and Iran will meet for talks in Oman on
2 Scenarios - USOILHello traders,
the USOIL price has formed a symmetrical triangle pattern,
so we now have two possible scenarios :
🟢 BULLISH SCENARIO:
If the market breaks and closes above the resistance line,
we can expect a strong bullish move .
🎯 TARGET: 68.230
🔴 BEARISH SCENARIO :
If the price breaks
Hellena | Oil (4H): SHORT to 100% Fibo (59.144).As for oil, a major ABC correction in wave B of a higher order continues.
Wave “C” should be approximately equal to wave “A”, so I expect a correction in wave ‘B’ to the level of 63.789, followed by a decline in wave “C” to the level of 100% Fibonacci extension 59.144.
There is a possibility of wave
USOIL Price Action: FVG Rebalance After Liquidity GrabUSOIL shows a classic smart money sequence starting with an impulsive bullish move, followed by distribution near premium prices. Price tapped into a bearish Fair Value Gap (FVG) near the highs, which acted as a strong institutional supply zone, triggering a sharp sell-off.
After the rejection, the
WTI Oil Prices Volatile Ahead of Potential TalksWTI Oil Prices Volatile Ahead of Potential Talks
As the XTI/USD chart shows, the price of a barrel rose above $65 yesterday, reacting to the risk of talks between Iran and the United States on the nuclear deal breaking down. These negotiations could begin on Friday.
According to Axios, Arab world
WTI oil closing in on major supportWith the US and Iran entering ‘serious’ discussions, this has eased fears of a supply shock and sent the price of WTI Oil lower by around 6.0%. Technically, following an attempt to hold above a 1M resistance level of US$64.82, price has since dipped under the 3M support level of US$62.47, which coul
USOIL Will Fall! Short!
Please, check our technical outlook for USOIL.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 64.565.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a b
WTI on the Edge | Calm Before the Geopolitical StormHey everyone, hope you’re doing great and trading smart 👋📊
Wishing you green charts and disciplined decisions 🌱
🛢️ Symbol Overview | WTI Crude Oil
WTI Crude Oil is one of the most important commodities in global markets. Its price is heavily influenced by global supply and demand, OPEC decisions,
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.









