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USOILSPOT trade ideas

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
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
WTI: weekly seller targets reached, monthly targets still lowerHi traders and investors! This analysis is based on the Initiative Analysis concept (IA). The sellers have reached the targets mentioned in the previous review (65.628 and 64.378). What to expect next. Daily timeframe On the daily timeframe (D1) for WTI, we see a manipulation of the 65.771 level, which may indicate that the market is moving toward the monthly targets I mentioned earlier — 61.818 and 58.504. Hourly timeframe On the hourly timeframe (H1), this manipulation appeared as a false breakout of the upper boundary of a sideways range. The range boundaries are clearly defined: the upper boundary at 65.771 and the lower boundary at 63.580. Wishing you profitable trades!
OANDA:WTICOUSD
by AlexeyWolf
Bearish reversal forming at key resistance?WTI Oil (XTI/USD) is rising towards the pivot, which is an overlap resistance and could reverse to the 1st support. Pivot: 65.82 1st Resistance: 66.80 1st Support: 63.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
ICMARKETS:XTIUSDShort
by ICmarkets
Potential bearish drop off?WTI Oil (XTI/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 64.20 1st Support: 62.48 1st Resistance: 65.62 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
ICMARKETS:XTIUSDShort
by ICmarkets
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
Brent Crude Futures Remember when Oil was $100 a barrel??? Looks like we are headed right back there. Every 90 weeks we get a "change in trend" for Brent. This week Brent is 180 weeks down from high and 90 weeks from low. It is time for a turn. Brent was up 1.4% August 26. It is turning higher in sync with this 90-week cycle. And when you see a close above 72.65, be ready for "panic buying" and an oil shock. But we all can use a little exercise. Time to either ride bikes, car share or SAVE and MANAGE money for Gas!!
FX:USOILLong
by IBL-ECC11
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
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
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