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USOILSPOT trade ideas

USOIL H4 | Potential bearish dropBased on the H4 chart analysis, we can see that the price has reacted off the sell entry, which is a pullback resistance and could drop from this level to the downside. Sell entry is at 63.41, which is a pullback resistance. Stop loss is at 64.78, which is a pullback resistance. Take profit is at 61.60, which is a swing low support that lines up with the 138.2% Fibonacci extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILSPOTShort
by Tradu
USOIL Will Go Lower! Sell! Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 64.627. Considering the today's price action, probabilities will be high to see a movement to 63.428. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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
Oil Prices Under OPEC+ Pressure!Oil prices fell for a second consecutive session, with Brent crude down 0.6% to $67.17 a barrel and U.S. West Texas Intermediate down by the same percentage to $63.53. Investors are now looking ahead to the upcoming OPEC+ meeting early next week, amid rising expectations that producers may consider a fresh output hike for October. This comes after the alliance had already raised its targets by about 2.2 million barrels per day between April and September, along with an additional 300,000 barrels for the UAE. At the same time, market focus is shifting to U.S. crude inventory data, particularly after the American Petroleum Institute reported an unexpected build of 622,000 barrels for the week ending August 29, compared with analyst forecasts of a nearly 2 million barrel drawdown. From the technical side: Crude oil is still trading in a general uptrend on the 4-hour chart, forming higher highs and higher lows. However, it is approaching a key level in the short- to medium-term at 62.95, which represents the last higher low recorded by the price. A break below this level and the formation of a lower low on the 4-hour chart would indicate a shift from the current uptrend to a renewed downtrend. On the other side, if price holds the 62.95 level and fails to form a lower low, oil could potentially target the 65.31 level.
TVC:USOIL
by CFI
oil sell Current Assumed Position: The market appears to be completing a 4th wave correction (as a Zig-Zag pattern) within a larger impulsive trend. Wave A (Down): Complete. Wave B (Up): Complete. This was the counter-trend bounce. Wave C (Down): Currently in progress. This is the final leg of the corrective pattern. Key Guidance on the Length of Wave C: Elliott Wave theory provides two primary guidelines for estimating the length of a C wave within a Zig-Zag: Most Common Relationship: Wave C is often equal in length to Wave A. This is the standard first target. Measure the price length (not time) of Wave A and project that same distance downward from the peak of Wave B. Common Alternative: Wave C frequently extends to a length of 1.618 times the length of Wave A. This is a very typical target if the underlying trend is strong and the C wave becomes powerful. This would be your second, deeper target. What this means for your analysis: Calculate the price difference (High - Low) of Wave A. Subtract that value from the high of Wave B to find your primary target for the end of Wave C. For a more bearish scenario, take the length of Wave A x 1.618 and subtract that from Wave B's high to find a secondary target. Important Consideration: Wave C must subdivide into a full 5-wave impulse itself. It cannot be a simple three-wave move. Monitor the internal structure of this decline to confirm it is developing as a 5-wave pattern, which will add confidence to this projection. In summary: The most probable minimum length for Wave C is a decline equal to Wave A. Be prepared for a move extending to the 1.618 Fibonacci extension of Wave A.
ICMARKETS:XTIUSDShort
by ridalaith2012
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
SpotCrude Short Setup - 4h💎MJTrading 📸 Viewing Tip: 🛠️ Some layout elements may shift depending on your screen size. 🔗 View the fixed high-resolution chart here: 🛢️ PEPPERSTONE:SPOTCRUDE Short Setup – Third Tap of Falling Wedge Resistance Pattern: Falling wedge Context: Price is testing wedge resistance for the third time, with rejection signs Bias: Bearish 🟢 Entry Point: 64.5 This aligns with upper boundary of the Falling Wedge (After Rejection). ❌ Stop Loss (SL): 65.5 🎯 Take Profit (TP) Levels ✅ TP1 (RR1) → 63.5 📈 TP2 → 62.5 💰 TP3 → 61.5 🧠 Trade Logic Price is testing wedge resistance for the third time, with rejection signs ⚠️ Risk Management Risk:Reward ratio ranges from 1:1 to 1:3, depending on TP level. Psychology Always Matters:
PEPPERSTONE:SPOTCRUDEShort
by MJElahifx
1
# USOIL WTI Crude Oil Technical Analysis: Weekly Forecast# USOIL WTI Crude Oil Technical Analysis: Weekly Forecast Current Price: $64.612 (As of August 30, 2025, 12:54 AM UTC+4) Asset Class: USOIL / WTI Crude Oil Cash Analysis Date: August 30, 2025 --- Executive Summary WTI Crude Oil (USOIL) continues to navigate a complex fundamental landscape, currently trading at $64.612 per barrel amid significant bearish pressure. Recent market data shows crude oil fell to $64.04 on August 29, 2025, declining 0.87% from the previous session with a concerning 8.51% monthly drop and 12.93% year-over-year decline. Technical analysis reveals the commodity has broken below critical support levels around $65.00-66.00, with strong resistance encountered at the descending trend line near $65.27. Our comprehensive analysis indicates potential for further downside toward $58-60 zone, though geopolitical risks and OPEC+ production dynamics could trigger sharp reversals. --- Multi-Timeframe Technical Analysis Elliott Wave Analysis WTI Crude Oil exhibits a complex corrective structure within a multi-year consolidation pattern: Primary Count: Completing Wave C of larger degree ABC correction from 2022 highs Wave Structure: Currently in final stages of 5-wave decline toward $58-62 target Corrective Phase: Large degree consolidation between $60-85 range since 2022 Long-term Projection: Eventual breakout above $85 targets $110-120 by 2026-2027 Invalidation Level: Break below $55 would extend corrective phase significantly Fibonacci Relationships: Current decline showing 1.618 extension characteristics Wyckoff Market Structure Analysis Oil demonstrates classic Wyckoff Distribution Phase completion with transition to Markdown: Phase: Early Markdown Phase following Distribution completion Volume Analysis: Increasing volume on declines indicating institutional selling Price Action: Breaking support levels with follow-through selling Composite Operator Activity: Smart money liquidating positions accumulated above $70 Market Character: Weak rallies met with fresh selling pressure Re-accumulation Zone: $58-62 represents potential future accumulation area W.D. Gann Comprehensive Analysis Square of 9 Analysis: - Current price $64.612 positioned near 90-degree Gann support turning point - Next major Gann level: $58.50 (180-degree decline from recent high) - Time and price convergence: September 21-28, 2025 (Autumn Equinox influence) - Critical Gann squares: $62.41, $58.50, $54.76 (geometric decline sequence) Angle Theory Application: - 1x1 Declining Angle Resistance: $67-68 (primary downtrend line) - 2x1 Accelerated Decline: $60-62 (next support cluster) - 1x2 Support Angle: $55-58 (major correction boundary) - 1x4 Long-term Support: $48-52 (crisis scenario support) Time Cycle Analysis: - 84-day cycle low expected: Mid-September 2025 - Seasonal Gann Pattern: September-October typically sees oil volatility - Major time window: October 5-15, 2025 (potential reversal period) - Annual cycle: Q4 seasonal strength often supports energy complex Price Forecasting & Time Harmonics: - Immediate support: $62-64 - Primary target: $58-60 - Extended decline: $54-56 - Time harmony suggests potential reversal after October 8, 2025 Ranges in Harmony: - Current range: $62-68 (breakdown phase) - Next trading range: $55-65 (potential base formation) - Long-term channel: $45-85 (multi-year consolidation) --- Japanese Candlestick & Harmonic Pattern Analysis Recent Candlestick Formations (Daily Chart) Bearish Engulfing: August 26-27 confirming breakdown below $65 support Long Upper Shadows: Repeated rejection at $65.50-66.00 resistance levels Spinning Tops: Indecision candles around $64-65 zone Volume Confirmation: Increasing volume on red candles, declining on green Dark Cloud Cover: August 28-29 pattern confirming selling pressure Harmonic Pattern Recognition Bearish Gartley Completion: $68-70 zone (recent distribution area) ABCD Extension: Active decline targeting $58-60 completion zone Bearish Butterfly: Potential completion at $54-56 extreme target Fibonacci Confluence: Multiple extension levels converging at $58.50 Advanced Harmonic Analysis Three Drives Down: Developing pattern toward $58-60 target zone Bearish Crab Formation: Long-term pattern suggesting $52-55 targets AB=CD Equality: Price and time relationships supporting $58 target Cypher Pattern: Potential bullish reversal consideration at $58-60 Bull Trap vs Bear Trap Assessment Current Market Structure: Bear Trap Probability: 25% - Potential false breakdown below $62 support Bull Trap Scenario: 75% - Any rally above $67 likely to be sold aggressively Key Levels: Sustained break below $60 confirms bearish continuation Volume Pattern: High volume selling indicates genuine breakdown rather than trap --- Ichimoku Kinko Hyo Analysis Current Cloud Structure (Daily Chart) Price Position: Below Kumo cloud indicating bearish trend dominance Tenkan-sen (9-period): $65.24 (short-term dynamic resistance) Kijun-sen (26-period): $67.18 (medium-term resistance level) Senkou Span A: $66.21 (leading span A - resistance) Senkou Span B: $69.45 (leading span B - major cloud resistance) Chikou Span: Below historical price action confirming bearish sentiment Future Kumo Analysis (26 periods ahead): - Thickening cloud structure indicating strong resistance above - Future resistance zone: $65-70 (forward-looking cloud base) - Cloud twist not anticipated until late Q4 2025 Ichimoku Trading Signals TK Cross: Tenkan below Kijun (active bearish signal) Price vs Cloud: Below cloud with downward momentum Chikou Span: Clear below price history (bearish confirmation) Cloud Breakout: Failed to maintain position above cloud support --- Technical Indicators Comprehensive Analysis RSI (Relative Strength Index) Multi-Timeframe Daily RSI: 38.6 (oversold territory but not extreme) Weekly RSI: 42.3 (bearish momentum with room for decline) 4H RSI: 35.2 (approaching oversold with potential bounce) RSI Divergence: No bullish divergence detected, momentum remains bearish RSI Support: 30 level crucial for preventing deeper decline Bollinger Bands Analysis Current Position: Price near lower band ($62.50 level) Band Width: Expanding indicating increasing volatility %B Indicator: 0.18 (near lower extreme, potential bounce zone) Band Squeeze: Recent expansion from squeeze formation VWAP Analysis (Volume Weighted Average Price) Daily VWAP: $65.47 (dynamic resistance level) Weekly VWAP: $67.23 (key resistance zone) Monthly VWAP: $69.18 (major resistance level) Volume Profile: Highest volume acceptance at $66-68 zone now resistance Moving Average Structure 10 EMA: $65.89 (immediate dynamic resistance) 20 EMA: $67.12 (short-term resistance) 50 SMA: $69.45 (intermediate resistance) 100 SMA: $71.23 (key resistance level) 200 SMA: $73.87 (major secular resistance) Moving Average Signals: - Perfect bearish alignment across all timeframes - Death Cross pattern established (50/200 SMA) - Price trading below all major moving averages --- Support & Resistance Analysis Primary Resistance Levels 1. R1: $66.50-67.00 (immediate technical resistance and daily VWAP) 2. R2: $68.00-68.50 (previous support turned resistance) 3. R3: $70.00-70.50 (psychological and technical confluence) 4. R4: $72.00-73.00 (major moving average cluster) 5. R5: $75.00-76.00 (long-term resistance zone) Primary Support Levels 1. S1: $62.50-63.00 (immediate Gann support and lower Bollinger Band) 2. S2: $60.00-61.00 (psychological and harmonic support) 3. S3: $58.00-59.00 (major Gann target and Elliott Wave projection) 4. S4: $55.00-56.00 (extended harmonic target) 5. S5: $52.00-54.00 (crisis scenario and long-term support) Volume-Based Support/Resistance High Volume Node: $66-68 (now major resistance zone) Low Volume Gap: $60-62 (potential rapid movement area) Volume Support: $58-60 (potential accumulation zone) POC (Point of Control): $67.25 (maximum volume acceptance, now resistance) --- Multi-Timeframe Trading Strategy Framework Scalping Strategy (5M & 15M Charts) 5-Minute Timeframe Methodology: Entry Signals: Short rallies to 20 EMA with RSI >65 in downtrend Profit Targets: $0.30-0.50 per barrel per scalping trade Stop Loss: $0.20-0.30 maximum risk per position Volume Filter: Above-average volume required on breakdown continuation Time Windows: Asian session 1:00-4:00 AM, London open 3:00-6:00 AM EST 15-Minute Scalping Framework: Range Trading: Current range $63.50-65.50 Breakdown Strategy: Volume confirmation below $63.50 for continuation Counter-trend: Fade rallies above $65.50 without volume Risk Management: Maximum 3 positions simultaneously, 1:1.5 R:R minimum Intraday Trading Strategies (30M, 1H, 4H) 30-Minute Chart Approach: Trend Following: Short below EMA cluster ($65.50-66.00) Pattern Trading: Bear flag and pennant formations Target Methodology: Initial $62.50, extended $60-61 Risk Parameters: $0.80-1.20 stops, 2:1 reward-to-risk minimum 1-Hour Chart Strategy: Momentum Trading: MACD bearish crossovers with histogram expansion Resistance Shorting: Short entries from $66-67.50 zone Support Testing: Monitor $62-63 area for breakdown continuation Session Management: Focus on US trading hours 9:30 AM - 4:00 PM EST 4-Hour Swing Framework: Cloud Strategy: Short on failed attempts to reclaim Ichimoku cloud Elliott Wave: Ride Wave C completion toward major targets Fibonacci Trading: Use 38.2% and 50% retracements for short entries Hold Duration: 5-15 days for swing positions Swing Trading Strategy (Daily, Weekly, Monthly) Daily Chart Methodology: Breakdown Strategy: Short on sustained breaks below $62 with volume Bear Market Rallies: Short rallies to $67-69 resistance zone Target Progression: $60 → $58 → $55 sequential targets Position Management: Scale in on multiple timeframe confirmations Weekly Chart Analysis: Primary Trend: Strongly bearish below $70 weekly resistance Swing Targets: $58-60 zone for major profit-taking Risk Management: Weekly closes above $70 signal potential reversal Monthly Chart Perspective: Secular Range: Multi-year consolidation $45-85 Long-term Targets: $52-58 completion of corrective phase Reversal Zone: $55-60 area for potential major low formation --- Day-by-Day Trading Plan: September 2-6, 2025 Monday, September 2, 2025 (Labor Day - Reduced US Participation) Market Conditions: Thin liquidity in US markets, focus on Asian/European sessions Technical Setup: Resistance: $66.00, $67.50, $68.50 Support: $63.00, $61.50, $60.00 Expected Range: $62.50-66.50 Trading Strategy: Reduced Sizes: Holiday conditions warrant smaller positions Range Strategy: Short rallies to $65.50-66.00, long support at $63.00 Gap Management: Monitor overnight developments in Middle East Risk Focus: Geopolitical news sensitivity during thin trading Tuesday, September 3, 2025 Market Outlook: Full participation returns, inventory data focus Key Events & Strategy: API Inventory: Tuesday evening crude inventory report Technical Focus: $63 support test with volume analysis Geopolitical Monitor: Middle East tensions and OPEC+ developments Entry Strategy: Short $65-66.50 targeting $62-60 Risk Considerations: - Inventory surprise potential for sharp moves - Dollar strength impact on commodity complex - Chinese demand data influence Wednesday, September 4, 2025 Market Outlook: EIA inventory data and mid-week momentum Strategic Framework: EIA Report: Official US crude inventory data (10:30 AM EST) Technical Pattern: Monitor bear flag completion below $63 Volume Analysis: Institutional participation on breakdowns crucial Support Defense: $62 level critical for preventing accelerated decline Trading Approach: Pre-EIA: Light positioning due to event risk Post-EIA: React to inventory data with appropriate sizing Breakdown Play: Below $62 targets $60-58 zone Thursday, September 5, 2025 Market Outlook: Weekly inventory impact and positioning for Friday Key Considerations: Inventory Digest: Market reaction to Wednesday's EIA data Technical Levels: $60-61 major support zone testing OPEC+ Watch: Monitor for any production policy signals Dollar Correlation: USD strength continuing to pressure commodities Execution Strategy: Trend Continuation: Below $62 favors $58-60 targets Counter-trend Risk: Any rally above $66 likely to be sold Profit Management: Scale out at key support levels Friday, September 6, 2025 Market Outlook: Weekly close significance and position squaring Final Session Strategy: Weekly Close: Below $62 very bearish, above $66 potentially bullish Profit Protection: Secure gains from successful breakdown trades Weekend Risk: Geopolitical and OPEC+ news flow considerations Position Review: Maintain swing shorts with appropriate stops Critical Levels: Weekly Bearish: Close below $62 Weekly Neutral: $62-66 range Weekly Bullish: Close above $66 --- Macroeconomic & Geopolitical Analysis OPEC+ Production Policy Impact OPEC+ production dynamics remain crucial for oil price direction. The group has left the future of production cuts uncertain after September, with OPEC+ plans to gradually ease 2.2 mb/d of voluntary production cuts by eight countries starting in April 2025. However, geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further changes in OPEC+'s production strategy. US-India Tariff Impact Recent geopolitical developments show significant market impact, with WTI oil prices dropping from $65 to around $62.80 as markets react to new US tariffs on India, triggered by India's ongoing oil trade with Russia. This demonstrates how trade policy directly affects oil pricing dynamics. Supply-Demand Fundamentals Market fundamentals show concerning trends with WTI fluctuating between $54 and $79 amid weak global economic growth, unstable demand in China, and lower production expectations by OPEC+. The EIA projects annual average crude oil production in 2026 will decrease 0.1 million b/d on average from the record in 2025. Key Risk Factors 1. US-China Trade Relations: Demand destruction from economic slowdown 2. Middle East Tensions: Potential supply disruption premium 3. OPEC+ Policy Uncertainty: Production cut extension decisions 4. US Dollar Strength: Inverse correlation with commodity prices 5. Global Economic Growth: Recession fears impacting demand projections --- Seasonal & Cyclical Analysis Historical Seasonal Patterns September Performance: Typically weak, hurricane season concerns Q4 Seasonality: Mixed, depends on winter weather forecasts Refinery Maintenance: September-October maintenance season reduces demand Heating Oil Demand: October-November typically supports complex Economic Cycle Positioning Current Phase: Late cycle with demand concerns mounting Inventory Cycle: Drawing season transitioning to building season Refining Margins: Weak crack spreads indicating demand issues Investment Cycle: Reduced capex affecting future supply growth --- Bull Trap vs Bear Trap Detailed Analysis Current Market Structure Assessment Bull Trap Scenario (75% Probability): Characteristics: Any rally above $67 likely false breakout Volume Profile: Low volume on rallies, high volume on declines Technical Setup: Failed reclaim of key moving averages Fundamental Support: Weak demand and oversupply concerns Target Failure: Rally stops at $68-70 resistance complex Bear Trap Scenario (25% Probability): Characteristics: False breakdown below $62 creating buying opportunity Catalyst Required: Major geopolitical event or supply disruption Volume Confirmation: High volume reversal from $60-62 support Technical Reversal: Hammer or bullish engulfing at key support Breakout Target: $70-75 following trap completion Trap Identification Signals Bull Trap Confirmation: - Break above $67 on declining volume - Immediate reversal within 2-3 trading sessions - High volume selling on subsequent decline - RSI failure to confirm new highs Bear Trap Confirmation: - Sharp spike down to $60-62 on high volume - Quick reversal with gap up formation - Volume expansion on recovery move - Geopolitical catalyst supporting reversal --- Risk Management Comprehensive Framework Position Sizing Methodology Scalping Trades: 0.5-1% account risk per trade Intraday Positions: 1-2% maximum account risk Swing Positions: 2-3% account risk per established position Maximum Exposure: 6-8% total oil-related risk allocation Stop-Loss Implementation Scalping: $0.20-0.40 per barrel maximum Intraday: $0.80-1.50 per barrel based on volatility Swing Trading: Above key resistance levels ($68 for current shorts) Technical Stops: Elliott Wave and pattern invalidation levels Profit-Taking Strategy Scaling Approach: 30% at first target, 40% at second, hold 30% Trailing Stops: Implement after 2:1 favorable movement Time-Based Exits: Close before major inventory reports Pattern-Based: Honor harmonic and Elliott Wave completion zones --- Weekly Outlook Probability Matrix Bearish Scenario (Probability: 70%) Primary Catalysts: - Continued demand concerns from China and global slowdown - Strong US Dollar pressuring commodities - Technical breakdown below $62 support with volume - OPEC+ production increase implementation Price Objectives: - Initial: $60-62 - Extended: $58-60 - Crisis: $54-56 Neutral/Consolidation Scenario (Probability: 20%) Characteristics: - Range-bound trading $60-67 - Mixed inventory data and economic signals - Technical indecision at support levels - OPEC+ policy uncertainty Bullish Scenario (Probability: 10%) Risk Factors: - Major geopolitical event or supply disruption - Significant inventory draw or refinery issues - Technical reversal from $60-62 support zone - Unexpected OPEC+ production cut extension Upside Targets: - Initial: $68-70 - Extended: $72-75 - Crisis Premium: $80+ --- Long-Term Strategic Outlook Multi-Year Price Cycle Oil appears to be in a multi-year consolidation phase between $45-85, with current weakness potentially setting up major low formation in the $55-62 zone for eventual breakout above $85 targeting $110-120 by 2026-2027. Energy Transition Impact Long-term demand concerns from electric vehicle adoption and renewable energy transition continue to cap oil prices, creating ceiling around $85-90 level for sustained periods. --- Conclusion & Strategic Recommendations WTI Crude Oil (USOIL) stands at a critical technical juncture near $64.61, exhibiting strong bearish momentum with potential for further decline toward the $58-60 zone. The confluence of technical breakdown, fundamental weakness, and geopolitical pressures suggests elevated probability for continued selling pressure. Key Bearish Factors: 1. Technical Breakdown: Clear break below $65-66 support zone 2. Fundamental Weakness: Demand concerns and oversupply issues 3. Geopolitical Pressure: US tariff policies affecting global trade 4. Seasonal Factors: Refinery maintenance season reducing demand Critical Monitoring Points: 1. $62 Support Level: Key defense line for bulls 2. Inventory Data: Weekly EIA reports for demand signals 3. OPEC+ Policy: Production cut extension decisions 4. Geopolitical Developments: Middle East tensions and trade policies Strategic Recommendation: Maintain bearish bias with tactical short opportunities on rallies to $66-68 resistance zone. Target $58-60 for major profit-taking while managing risk above $68. Any sustained move above $70 would negate bearish thesis and suggest major reversal beginning. The September-October timeframe represents critical period for direction, with potential for either accelerated decline to $55 or major reversal from $58-62 support complex. --- *This comprehensive analysis is provided for educational and informational purposes only. Oil trading involves substantial risk of loss and may not be suitable for all investors. Past performance does not guarantee future results. Always implement appropriate risk management and consult with qualified financial professionals before making investment decisions.* --- For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade) I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors. Sincerely, Shunya.Trade Website: shunya dot trade Disclaimer: This post is intended solely for educational purposes and does not constitute investment advice, financial advice, or trading recommendations. The views expressed herein are derived from technical analysis and are shared for informational purposes only. The stock market inherently carries risks, including the potential for capital loss. Therefore, readers are strongly advised to exercise prudent judgment before making any investment decisions. We assume no liability for any actions taken based on this content. For personalized guidance, it is recommended to consult a certified financial advisor.
PEPPERSTONE:SPOTCRUDE
by sunya
USOIL Massive Long! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 64.00 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 64.22 My Stop Loss - 63.89 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. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
WTI Crude resistance at 6600The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend. Key resistance is located at 6600, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 6600 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6100 and 6000 over a longer timeframe. Conversely, a decisive breakout and daily close above 6600 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6710, then 6800. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 6600. 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.
TRADENATION:WTI
by TradeNation
WTI crude oil Wave Analysis – 2 September 2025- WTI crude oil broke the resistance level 64.00 - Likely to rise to resistance level 66.00 WTI crude oil recently broke the resistance level 64.00 intersecting with the resistance trendline of the daily Falling Wedge from June. The breakout of the resistance level 64.00 coincided with the breakout of the 38.2% Fibonacci correction of the downward impulse i from July. WTI crude oil can be expected to rise to the next resistance level 66.00, which is the 50% Fibonacci correction of the downward impulse i from July.
FX_IDC:USDWTILong
by FxProGlobal
USOIL Is Bullish! Long! Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 63.116. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 65.546 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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:USOILLong
by SignalProvider
1
THE BEAST- Well hello !So just a quick update on the last one. USOIL(WTI) has managed to push further into the sixties. The daily RSI is showing signs of a shift upwards. The extended targets from the previous one. Profit taking is essentially as price is in a range of created a while back. (Yellow box) There could be some selling from the middle or to of the box. Long term, the plan has not changed. I’m still long. Though there could be some retesting of lower levels, this could be a sustained move up. This is not financial advice and should be taken with a pinch of salt 🧂. 👌🏼
TVC:USOILLong
by Squeeezy-Trader