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WTI Crude Oil โ€“ Range Support in FocusWe're waiting for price to reach the bottom of the range, and with a solid buy signal, weโ€™ll consider going long. However, since this level has been tested multiple times, itโ€™s highly vulnerable to stop fishing โ€” so caution is key. As always, weโ€™re ready for all scenarios: If price breaks below, weโ€™ll wait for a pullback to enter short. But right now, weโ€™re watching the range support for potential longs
BLACKBULL:WTI
by ForexCSP
Oil Market Faces Balancing Act as Supply Risks Meet Glut FearsOil Market Faces Balancing Act as Supply Risks Meet Glut Fears Russian supply risks are clashing with growing concerns of a global supply glut as summer winds down. Crude benchmarks gained over 1% in the previous session after the EIA reported a larger-than-expected draw in U.S. crude inventories, though the pace of declines slowed from the prior week. Analysts warn that OPEC+ unwinding production cuts, combined with rising output from non-member producers, could tip the market into surplus, according to MUFGโ€™s Soojin Kim. While Brent continues to trade at a near-term premium, signaling tight supplies, that premium has narrowed โ€” a sign of softening demand expectations ahead.
FOREXCOM:USOILShort
by ProfessorSingapore
Oil (WTI) โ€“ Short Term Turmoil Dominates Heading into SeptemberItโ€™s been a choppy week for Oil (WTI), with traders frequently adjusting their positions in response to various short-term factors. On Monday, optimism around a potential Federal Reserve rate cut, which could stimulate the global economy, drove oil prices higher and WTI rose from its opening level of 64.28 to a three-week high of 65.84. Tuesday saw selling pressure dominate, as traders awaited news on whether the Trump Administration would enforce a proposed increase in tariff penalties on India, from 25% to 50%, for purchasing Russian energy. This uncertainty pushed prices down to a low of 63.66. However, once confirmation came that the tariffs would indeed be implemented, and an EIA report revealed a decline in inventories at the key U.S. storage hub in Cushing, Oklahoma (the first drop in two months), oil prices rebounded. Looking ahead, oil prices may remain volatile in the short term as traders await clearer signals about the strength of the global economy, particularly from the U.S. and China. Key data releases over the next 10 days could provide that insight. On Sunday, China will publish its official PMI manufacturing survey, offering a snapshot of industrial activity. Then, on Friday, September 5th, the U.S. Non-Farm Payrolls report will give a crucial update on the health of the American labour market. Another key factor to watch will be developments from OPEC+, as markets await further updates on whether the group will move to restore between 1.3 and 1.6 million barrels per day of previously shuttered production. Their next meeting, scheduled for early September, could provide crucial direction for oil prices depending on the outcome. Technical Update: Upside Held by 38% Retracement Resistance Since posting the 62.24 August 13th session low, Oil (WTI) has enjoyed a period of price strength, with the market moving higher to 65.84 on August 25th. However, as the chart above shows, this strength was capped by 65.70 which is equal to the 38.2% Fibonacci retracement resistance, a level that is often a focus for traders, when prices rally following an extended phase of weakness. Oil (WTI) has seen prices pullback from this 65.70 area this week, suggesting it may be a level to watch in the coming sessions. However, what could be the potential support or resistance levels, if either, 65.70 continues to act as resistance and pushes prices lower, or if further price strength emerges and it gives way on a closing basis? Potential Support Levels, If 65.70 Continues to Hold Price Strength: After facing selling pressure at the 65.70 retracement level, Oil (WTI) has shown signs of weakness. Attention may now turn to 62.24, the low from August 13th. As buyers were found here before, they may be again, reinforcing 62.24 as next possible support. However, as the chart shows, since the highs of June 23rd, Oil (WTI) has been forming a pattern of lower highs and lower lows, which may indicate negative sentiment. If prices close below the 62.24 support level, it could trigger further downside momentum, potentially towards 60.17, the low from May 30th. Potential Resistance Levels, If 65.70 is Broken on a Closing Basis: While a close above the 65.70 resistance wouldnโ€™t guarantee continued strength, it could open the door to a more sustained phase of upside momentum. Such moves could then result in the extension of the current recovery to test 67.84, the higher 61.8% retracement, possible further, if this in turn gives way on a closing basis. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesnโ€™t represent that the material provided here is accurate, current or complete, and therefore shouldnโ€™t be relied upon as such. The information, whether from a third party or not, isnโ€™t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readersโ€™ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isnโ€™t permitted.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
XTI/USD Analysis: Oil Price Falls 2.8% from This Weekโ€™s HighXTI/USD Chart Analysis: Oil Price Falls 2.8% from This Weekโ€™s High As the XTI/USD chart shows, this morning (27 August) WTI crude oil is trading around the $63 level, although on Monday it climbed above $64.70. This means the price has retreated by approximately 2.8% from this weekโ€™s high. The bearish momentum may be linked to the marketโ€™s reassessment of geopolitical risks. According to Reuters, US Special Representative Steve Witkoff stated that: โ†’ he will meet with a Ukrainian delegation in New York this week; โ†’ the US administration is also in talks with Russia, seeking to bring the war to an end. He also noted that Washington is striving for de-escalation in the Middle East. We could assume that market participants are pricing in the possibility that these efforts could lead to the easing of sanctions and reduce risks and restrictions in global oil trade. Technical Analysis of the XTI/USD Chart On 19 August, we highlighted that: โ†’ the August downtrend remained intact, though it appeared to be weakening; โ†’ bulls might exploit this situation and attempt to launch an attack. Indeed, since then the price rallied to a peak near $64.80, forming an upward trajectory shown by the orange lines. However, at the start of this week, momentum shifted back to the bears, as evidenced by a series of bearish signals on the chart: โ†’ Yesterday, bulls attempted to resume the upward trend from the lower orange boundary but failed โ€“ this was reflected in a candlestick with a long upper shadow, touching the $64 level before reversing downwards. โ†’ Bears then built on this success, pushing the price below $63.50 (where the lower orange line had been positioned). โ†’ This morning, WTI is trading close to weekly lows, highlighting the bullsโ€™ inability to counter the pressure. As a result, bears have driven the price back into the descending channel that has been in place since the start of the month. Given the above, we could assume that the market may continue to develop bearish dynamics within this downward channel โ€“ with WTI potentially heading towards the red median line. The forthcoming oil inventory report (due today at 15:30 GMT+3) might have a significant influence on how the situation unfolds. 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.
FXOPEN:XTIUSD
by FXOpen
1
Crude Oil (USOIL) โ€“ Long SetupOil is currently trading around $63.20 and has formed a clean ascending structure, pushing into the breakout zone. Price is respecting the trendline well and is consolidating just below the EMA cluster โ€“ a breakout could be next. We're currently in a narrow entry zone where bulls may gain control if we see a clean break above the local resistance range. Trade Setup: Entry: within the purple box (current zone) Stop Loss: $62.60 just below the trendline โ€“ invalid if broken Breakout Confirmation: clear candle close above $63.45 Targets: T1: $63.70 T2: $64,60 Why Long? Trendline support is holding โ€“ price has been bouncing cleanly off the rising line. Momentum building โ€“ repeated tests of resistance without strong rejection. EMA cluster as magnet โ€“ price may want to retest and potentially break through the EMA zone sitting above. Summary: Crude oil is coiling tightly just below resistance and trendline support is holding strong. If we get a push above the breakout zone, I expect follow-through toward T1 = $63.70 and T2 = $64.60 Setup becomes invalid if the ascending trendline breaks clearly to the downside. No financial advice โ€“ just how I see the chart.
TVC:USOILLong
by Maxxchineee
WTI Crude Oil resistance at 6540The 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 6540, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 6540 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6070 and 6000 over a longer timeframe. Conversely, a decisive breakout and daily close above 6540 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6650, then 6830. Conclusion: The short-term outlook remains bearish unless WTI Crude breaks and holds above 6540. 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
Crude Outlook: sideways moves possible as volatility persistsOil prices ticked higher after OPEC+ approved a modest production increase, reversing earlier cuts and signaling a shift toward market share over price support. While the hike was smaller than in previous months, questions remain over whether members can deliver the extra supply, with some facing limits on output. Geopolitics and Chinaโ€™s stockpiling provide temporary support, but traders are watching inventory data and compliance closely as oversupply risks point to renewed volatility ahead. On the technical side, the price of crude oil has found sufficient support around the $62 area, which has been a price reaction area since mid-August. The moving averages crossed last week, validating the bearish shift in the market, while the Bollinger bands are still quite expanded, showing that there is volatility to support any significant moves in the short term. The Stochastic oscillator seems to be rebounding from the extreme oversold levels, hinting that the recent sideways movement can project to the upcoming sessions if no major catalyst takes place. Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
TVC:USOIL
by antreas_themistokleous_exness
USOIL (WTI) Gann & Harmonic Pattern Points to Major Move!๐Ÿ›ข๏ธ ๐Ÿ›ข๏ธ USOIL (WTI CRUDE) Points to Major Move! โšก ๐Ÿ“Š ๐Ÿ’น Comprehensive Price Action Strategy | September 2025 Edition ๐ŸŽฏ ๐Ÿ“ˆ MARKET SNAPSHOT Asset: USOIL (SPOTCRUDE/WTI CASH) Current Closing Price: $64.413 Date: September 6, 2025 Market Status: ๐Ÿ”ด Critical Support Zone Testing ๐ŸŽฏ EXECUTIVE SUMMARY WTI Crude Oil is currently trading at $64.413, positioned at a crucial technical juncture. Our multi-timeframe analysis reveals a bearish-to-neutral bias with potential for a significant reversal if key support levels hold. The convergence of multiple technical indicators suggests heightened volatility ahead, presenting both risk and opportunity for astute traders. ๐Ÿ“Š COMPREHENSIVE TECHNICAL ANALYSIS ๐Ÿ•ฏ๏ธ Candlestick Pattern Analysis The recent price action has formed a Bullish Hammer pattern at the $64.00 psychological support level, suggesting potential exhaustion of selling pressure. This formation, combined with increasing volume, indicates possible accumulation phase initiation. Key Patterns Identified: - โœ… Bullish Hammer at support - โš ๏ธ Evening Star formation on 4H chart - ๐Ÿ“ Doji cluster indicating indecision ๐ŸŒŠ Elliott Wave Analysis Current wave count suggests we're completing Wave 5 of a larger corrective structure: Primary Count: Completing Wave C of ABC correction Alternative Count: Wave 4 consolidation before final Wave 5 push Target Zones: - Bullish: $72.50-$74.00 (Wave 5 extension) - Bearish: $58.00-$60.00 (Wave C completion) ๐Ÿ“ Harmonic Patterns A Bullish Bat Pattern is forming on the daily timeframe: - X: $78.45 (Recent High) - A: $61.20 (Recent Low) - B: $71.85 (0.618 Retracement) - C: $64.41 (Current Price) - D: $59.80-$60.50 (Projected - 0.886 XA) Trading Implication: Watch for reversal signals near $60.00 for high-probability long entries. ๐Ÿ”„ Wyckoff Analysis Current market structure suggests: Phase: Potential Spring Test within Trading Range Volume Analysis: Declining volume on recent decline = Lack of selling pressure Smart Money Behavior: Accumulation signals emerging Projected Move: Re-accumulation before markup phase ๐Ÿ“Š W.D. Gann Analysis Gann Square of 9 Calculations: - Current Price: $64.413 sits on 225ยฐ angle - Next Resistance: $68.00 (270ยฐ angle) - Critical Support: $61.00 (180ยฐ angle) Gann Time Cycles: - September 15, 2025: Major time pivot โฐ - September 22, 2025: Secondary cycle completion Gann Fan Analysis: - Price respecting 2x1 angle from July low - Break above 1x1 angle at $66.50 signals trend change โ˜๏ธ Ichimoku Cloud Analysis Current Position: Price below cloud - Bearish bias Tenkan-sen: $65.80 (Immediate resistance) Kijun-sen: $67.25 (Major resistance) Cloud Support: $62.00-$63.50 Chikou Span: Bearish, below price 26 periods ago ๐Ÿ“‰ KEY TECHNICAL INDICATORS ๐Ÿ“Š RSI (14-Period) Current Reading: 42.5 Status: Approaching oversold territory Divergence: Bullish divergence forming on 4H chart Signal: Potential reversal zone approaching ๐Ÿ“ˆ Bollinger Bands Upper Band: $68.20 Middle Band (20 SMA): $65.85 Lower Band: $63.50 Current Position: Testing lower band Volatility: Bands contracting - Breakout imminent ๐Ÿ’น VWAP Analysis Daily VWAP: $64.85 Weekly Anchored VWAP: $66.20 Monthly VWAP: $67.50 Volume Profile POC: $65.00 (High volume node) ๐Ÿ“Š Moving Averages Confluence 20 EMA: $65.85 โฌ‡๏ธ 50 SMA: $67.20 โฌ‡๏ธ 100 EMA: $69.50 โฌ‡๏ธ 200 SMA: $71.00 โฌ‡๏ธ Status: Death cross on daily (50/200) - Bearish medium-term ๐ŸŽฏ TRADING STRATEGY โšก INTRADAY TRADING (5M-1H) LONG SETUP ๐ŸŸข Entry Zone: $63.80-$64.20 Stop Loss: $63.40 (-1%) Target 1: $64.80 (+1.5%) Target 2: $65.40 (+2.5%) Target 3: $66.00 (+3.5%) Risk/Reward: 1:3.5 SHORT SETUP ๐Ÿ”ด Entry Zone: $65.60-$65.90 Stop Loss: $66.30 (-1%) Target 1: $65.00 (-1.5%) Target 2: $64.40 (-2.5%) Target 3: $63.80 (-3.5%) Risk/Reward: 1:3.5 ๐Ÿ“ˆ SWING TRADING (4H-DAILY) BULLISH SCENARIO ๐Ÿš€ Entry: $64.00-$64.50 (Current levels) Stop Loss: $61.50 (-4%) Target 1: $68.00 (+5.5%) Target 2: $72.00 (+11.8%) Target 3: $75.50 (+17.2%) Position Size: 2% portfolio risk BEARISH SCENARIO ๐Ÿ“‰ Entry: $65.80-$66.20 (Resistance retest) Stop Loss: $67.50 (+2%) Target 1: $62.00 (-6%) Target 2: $59.50 (-10%) Target 3: $57.00 (-14%) Position Size: 1.5% portfolio risk ๐Ÿ—“๏ธ WEEKLY FORECAST Monday-Tuesday (Sept 9-10) ๐Ÿ“… - Expected Range: $63.50-$65.80 - Bias: Neutral with bullish undertone - Key Level: Watch $64.00 support hold Wednesday-Thursday (Sept 11-12) ๐Ÿ“… - Expected Range: $64.00-$67.00 - Bias: Potential breakout day - Catalyst: EIA Inventory Data Friday (Sept 13) ๐Ÿ“… - Expected Range: $65.00-$68.50 - Bias: Trend continuation - Note: Options expiry volatility ๐ŸŒ MARKET CONTEXT & FUNDAMENTALS Geopolitical Factors ๐ŸŒ - โš ๏ธ Middle East tensions supporting price floor - ๐Ÿ‡จ๐Ÿ‡ณ China demand concerns capping upside - ๐Ÿ‡บ๐Ÿ‡ธ SPR refill discussions providing support Supply/Demand Dynamics โš–๏ธ - OPEC+ production cuts extended - US shale production moderating - Global inventory draws accelerating Economic Indicators ๐Ÿ“Š - Dollar Index weakening (Bullish for Oil) - Global growth concerns (Bearish pressure) - Inflation expectations rising (Supportive) โš ๏ธ RISK MANAGEMENT Position Sizing Guidelines ๐Ÿ’ฐ Intraday: Max 1-2% account risk per trade Swing: Max 3-5% account risk per position Correlation Risk: Monitor energy sector exposure Stop Loss Strategies ๐Ÿ›ก๏ธ 1. ATR-Based: 1.5x ATR from entry 2. Structure-Based: Below/above key S/R levels 3. Time-Based: Exit if no movement in 2-3 candles Risk Factors โš ๏ธ - ๐Ÿ”ด Break below $61.50 invalidates bullish thesis - ๐Ÿ”ด Unexpected OPEC+ policy changes - ๐Ÿ”ด Rapid Dollar strengthening - ๐ŸŸข Surprise inventory draws - ๐ŸŸข Geopolitical escalation ๐ŸŽฏ KEY LEVELS TO WATCH SUPPORT LEVELS ๐ŸŸข S1: $63.50 (Immediate) S2: $61.50 (Critical) S3: $59.00 (Major) S4: $57.00 (Yearly Low) RESISTANCE LEVELS ๐Ÿ”ด R1: $65.80 (Immediate) R2: $67.25 (Daily 50MA) R3: $69.50 (Daily 100MA) R4: $72.00 (Major) ๐Ÿ’ก PRO TRADING TIPS 1. ๐ŸŽฏ Best Entry Times: London/NY overlap (8-11 AM EST) 2. ๐Ÿ“Š Volume Confirmation: Look for >20% above average 3. ๐Ÿ”„ Correlation Trades: Monitor USD/CAD inverse relationship 4. โฐ Avoid Trading: 30 mins before/after EIA releases 5. ๐Ÿ“ˆ Scale Strategy: Add to winners, not losers ๐Ÿ”ฎ MONTH-END PRICE TARGETS September 2025 Projections: Bullish Target: $72.00-$74.00 ๐ŸŽฏ Base Case: $66.00-$68.00 ๐Ÿ“Š Bearish Target: $58.00-$60.00 ๐Ÿ“‰ Probability Assessment: - Bullish Scenario: 35% ๐Ÿ“ˆ - Base Case: 45% โžก๏ธ - Bearish Scenario: 20% ๐Ÿ“‰ ๐Ÿ“Œ CONCLUSION & ACTION PLAN USOIL presents a compelling risk/reward opportunity at current levels. The confluence of technical support at $64.00, combined with oversold conditions and potential harmonic pattern completion, suggests a tactical long position with tight risk management is warranted. Recommended Strategy: 1. Primary: Accumulate long positions $63.50-$64.50 2. Alternative: Wait for breakout above $66.00 for momentum trades 3. Hedge: Consider put options if below $61.50 ๐Ÿ“ TRADING CHECKLIST Before entering any position: - โœ… Confirm volume supports move - โœ… Check RSI for divergences - โœ… Verify multiple timeframe alignment - โœ… Set stop loss before entry - โœ… Calculate position size - โœ… Review correlation with DXY - โœ… Check economic calendar - โœ… Assess market sentiment ๐Ÿท๏ธ *Last Updated: September 6, 2025, 12:54 AM UTC+4* ๐Ÿ”” Follow for daily updates and real-time trading signals! 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 โš ๏ธ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
WTI 4HTrading Outlook for the Upcoming Week In this series of analyses, we review trading perspectives and short-term outlooks. As can be seen, in each analysis there is a key support/resistance zone near the current price of the asset. The marketโ€™s reaction toโ€”or breakout fromโ€”this zone will determine the next price movement toward the specified levels. Important Note: The purpose of these trading outlooks is to highlight key levels ahead of the price and the marketโ€™s potential reactions to them. The analyses provided are by no means trading signals!
CFI:WTI
by esmaeilesmaeilzade_fx
OILUSD โ€“ Testing 61.71, Next Support at 59.86WTI Crude extended its bearish move after rejecting the 64.57 resistance zone. Price is now testing the 61.71 support, and a breakdown here could open the way toward the 59.86 zone. Support at: 61.71 / 59.86 ๐Ÿ”ฝ Resistance at: 63.09 / 64.57 ๐Ÿ”ผ ๐Ÿ”Ž Bias: ๐Ÿ”ฝ Bearish: A clear break below 61.71 exposes 59.86 as the next target. ๐Ÿ”ผ Bullish: Holding above 61.71 and reclaiming 63.09 would suggest a possible rebound toward 64.57. ๐Ÿ“› Disclaimer: This is not financial advice. Trade at your own risk.
EASYMARKETS:OILUSD
by SPOT_FX
USOIL (WTI Crude) โ€“ Buy & Sell Trade Scenarios๐Ÿ”ต Bullish Scenario (Buy Call) Entry Zone: Break and sustained close above 65.20 โ€“ 65.50 (current 4H resistance). Reasoning: Price has retested the 64.90 resistance cluster multiple times, suggesting absorption of supply. Volume shows declining sell pressure near resistance โ€“ a sign of potential breakout. A breakout with strong volume confirms buyers stepping in. Target 1: 66.75 (measured move into next liquidity pool). Target 2 (extended): 68.20 โ€“ 68.50 (previous structural pivot). Stop Loss: Below 64.20 (false breakout protection). R:R Potential: ~1:2.5 to 1:3 ๐Ÿ”ด Bearish Scenario (Sell Call) Entry Zone: Rejection at 65.00 โ€“ 65.50 resistance with bearish confirmation candle. Reasoning: This zone has acted as a strong supply area since mid-August. Multiple wicks rejecting the level + increasing sell volume hint at distribution. If price fails to close above resistance, sellers regain control. Target 1: 63.00 โ€“ 63.20 (mid-support range). Target 2 (extended): 62.00 โ€“ 61.90 (major support zone). Stop Loss: Above 65.70 (wick protection). R:R Potential: ~1:2 to 1:3 โš–๏ธ Key Technical Takeaway 64.90 โ€“ 65.50 = Pivot zone (battle between bulls and bears). Breakout + volume = bullish continuation to 66.75+. Rejection + heavy volume = bearish rotation back to 62.95.
TVC:USOIL
by coolbouy
Crude holds range ahead of key OPEC+ MeetingOil prices steadied after falling in August, with West Texas Intermediate trading near $64. Markets remain pressured by oversupply concerns from OPEC+ and forecasts of a record surplus next year. Attention is on the Sept. 7 OPEC+ meeting, where restoring 1.65 million barrels a day of voluntary cuts will be debated. The US is pushing India to stop Russian oil imports, threatening secondary tariffs, while Prime Minister Modi defended ties with Moscow during a meeting with Putin in China, arguing Russian flows helped stabilize global prices. Despite some opportunistic US purchases, Indian refiners continue buying Russian crude. Meanwhile, hedge funds cut bullish bets on US crude to an 18-year low, reflecting oversupply fears and economic uncertainty. On the technical side, the price of crude oil has been moving sideways last week and seems to be in the same situation this week if no major events take place. The combination of the 50 and 100-day simple moving averages, as well as the upper band of the Bollinger bands, is currently acting as the major resistance area around $65. TheBollinger bands are quite contracted, showing that volatility has dried up, further supporting the sideways movement in the upcoming sessions. The Stochastic oscillator is near the extreme overbought levels, but this has little to no significance since there is no volatility to support any major corrections. The Fibonacci levels are the short-term support area around $63, and the upper band of the sideways channel might be seen around $65, as mentioned. Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
TVC:USOIL
by antreas_themistokleous_exness
Crude oil retraces, but has a limited potentialCrude oil is moving in a technical upswing, transitioning to the cycle of retracement. The next resistance area would be located at around the $65-66 price area, as the downtrend is still intact. Volatility (ATR) for Crude oil has reached the level of March 2025: the lowest level of the year. That brings the beginning of either a broader breakout or a new wave of selling closer. According to seasonal charts, Crude oil might get under pressure in October, while September usually delivers a sideways action, especially if there are no related drivers and navarres. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOILLong
by Stanislav_Bernukhov_Exness
WTI 4HTrading Outlook for Major Currency Pairs and Indices, Especially Gold and Silver, in the Upcoming Week In this series of analyses, we have reviewed short-term trading perspectives and market outlooks. As can be seen, each analysis highlights a key support or resistance area near the current price of the asset. The marketโ€™s reaction to or break of these levels will determine the subsequent price trend up to the next specified levels. Important Note: The purpose of these trading outlooks is to identify key price levels and potential market reactions, and the analyses provided should not be considered as trading signals.
CFI:WTI
by esmaeilesmaeilzade_fx