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USOILSPOT trade ideas

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 market’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
OIL - at a very interesting point for longsWatch OIL carefully: if the day closes above 65.38 (daily bullish engulfing) therefore above the previous weeks close, we could be going for another weekly impulse that would take us to the $86.40 level (conservative target: $78.40). According to your edge and how you are able to structure your operations, you have great risk to reward potential. For instance, even if you use the engulfing candle as your buy stop entry and the low of the candle as your stop loss i.e. you are going for the full daily swing, you are talking about a 1:6.5 R:R, which is already amazing in itself. Levels on the chart, trade with care. Please support my work by following me if you can!
OANDA:WTICOUSDLong
by profxedge
1
Oil at a Crossroads: Will $64 Spark a Rally or Trigger a Fall?Oil remains under pressure as geopolitical tensions have yet to yield a clear agreement between Russia and Ukraine, while tariffs could harm India’s economy, which was once the fastest growing in the world. From a technical perspective, crude oil is trading in an overall uptrend, forming higher highs and higher lows. The current level of 64 is crucial, and prices could rise from here to target 65.24 as a short-term objective in the medium term. However, a renewed decline breaking below 63.338 and forming a lower low on the four-hour chart would invalidate the bullish scenario and signal a return to a downtrend.
CFI:WTI
by CFI
XTI/USD Analysis: Oil Price Falls 2.8% from This Week’s HighXTI/USD Chart Analysis: Oil Price Falls 2.8% from This Week’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 week’s high. The bearish momentum may be linked to the market’s reassessment of geopolitical risks. According to Reuters, US Special Representative Steve Witkoff stated that: → he will meet with a Ukrainian delegation in New York this week; → 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: → the August downtrend remained intact, though it appeared to be weakening; → 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: → Yesterday, bulls attempted to resume the upward trend from the lower orange boundary but failed – this was reflected in a candlestick with a long upper shadow, touching the $64 level before reversing downwards. → Bears then built on this success, pushing the price below $63.50 (where the lower orange line had been positioned). → This morning, WTI is trading close to weekly lows, highlighting the bulls’ 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 – 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
WTI Crude, caution ahead of new US tariffs on IndiaThe 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
Market Analysis: WTI Crude Oil Faces HurdlesMarket Analysis: WTI Crude Oil Faces Hurdles Crude oil is showing bearish signs and might decline below $62.80. Important Takeaways for WTI Crude Oil Price Analysis Today - Crude oil prices failed to clear the $65.00 region and started a fresh decline. - There was a break below a major bullish trend line with support at $64.00 on the hourly chart of XTI/USD. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil, the price struggled to clear the $65.00 level and started a fresh decline below $64.50. There was a break below a major bullish trend line at $64.00, opening the doors for more losses. The price dipped below the 50% Fib retracement level of the upward move from the $61.56 swing low to the $64.85 high. XTI/USD even dipped below $63.50 level and the 50-hour simple moving average. The bulls are now active near $63.00. If there is a fresh increase, it could face a barrier near $63.70. The first major resistance is near $64.10. Any more gains might send the price toward $64.85 and call for a test of $65.50. Conversely, the price might continue to move down and revisit the $62.80 support and the 61.8% Fib retracement. The next major support on the WTI crude oil chart is $62.35. If there is a downside break, the price might decline toward $61.55. Any more losses may perhaps open the doors for a move toward $60.50. 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
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
USOIL Bearish Reversal & Selling OpportunityUSOIL (WTI Crude Oil) – Bearish Setup Analysis The chart shows a clear bearish structure with multiple confirmations: Trendline Rejection & Break: Price rejected from the upper rejection line and later broke the rising trendline, confirming bearish momentum. FVG (Fair Value Gap) Selling Zone: Price retested the imbalance zone (63.53–63.94), creating a strong selling opportunity. EMA Confluence: Both the 70 EMA and 200 EMA are above the price, acting as dynamic resistance, supporting bearish bias. Market Structure Shift (MSS): Breakdown of higher lows signals shift to bearish structure. Target: Downside continuation expected towards 61.65, the next liquidity and support zone. Stop Loss: Above 63.94 (selling zone invalidation). 📉 Strategy: Look for sell entries around 63.53–63.94 zone, with target at 61.65 and stop loss above 63.94.
TVC:USOILShort
by MR_JOHN144
Crude oil strategy analysisCrude Oil News The US S&P Global Composite PMI hit an eight-month high in August, prompting traders to reduce their bets on two Federal Reserve rate cuts this year. This eight-month high (assuming the initial composite PMI exceeds expectations) directly reflects the expansion of the US manufacturing and service sectors. This, coupled with increased activity in crude oil consumption scenarios like industrial production and freight logistics, provides substantial support for domestic crude oil demand. While this "reduced bet on rate cuts" may slightly strengthen the US dollar, the increased demand driven by economic resilience is more directly positive for crude oil. The US and Europe have officially finalized the framework for their trade agreement. The implementation of the US-EU trade agreement will stimulate bilateral trade (e.g., increased cross-border transport of industrial and consumer goods). Increased air, sea, and road freight volumes will directly boost fuel demand. Furthermore, the agreement will drive industrial production expansion in both the US and Europe, increasing manufacturing energy consumption (including downstream crude oil products). This will improve global crude oil demand expectations and benefit oil prices. Crude Oil Indicator Analysis Oil prices have experienced a slight correction since yesterday's surge. While the MACD indicator has formed a golden cross and the red momentum bar has increased, it is still hovering near zero, indicating a volatile bull-bear equilibrium. Furthermore, the RSI is nearing overbought territory and is experiencing a pullback, suggesting that the 64.5 level is facing some pressure, suggesting further short-term declines. Strategy Previously, I suggested opening two short positions at resistance levels: one at 64.5 and then increasing the number of short positions near 65. The market peaked near 65, holding resistance, and the market gradually retreated, capturing all the profits. This was a very accurate prediction of this trend in crude oil. As crude oil approaches 64, consider opening a bearish short position.
TVC:USOILShort
by Violet_Trading_Strategy
WTI OIL technically more chances to test the 1D MA50. Buy.Last week (August 20, see chart below) we issued a bullish break-out signal on WTI Oil (USOIL) that reached our $65.60 Target within 3 days: This time we get a new buy signal, despite today's sharp pull-back. The -12.78% decline since the July 30 rejection, resembles the one since the October 08 2024 High. This rebounded to just above the 1D MA50 (blue trend-line) to form a new Lower High and get rejected again. As a result, our immediate short-term Target is $66.30. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Crude oil prices are about to start fallingPreviously, market volatility increased due to news reports: Trump's direct dismissal of Federal Reserve Board Governor Tim Cook. This move undoubtedly undermined the Fed's independence. Historically, such incidents have undoubtedly put immeasurable pressure on currencies. The US dollar index plummeted in response, and gold prices followed a V-shaped trend, retracing to the 3351 level as expected and then rising to around 3386 before fluctuating and correcting. The current low is 3367, which is also the entry point for long positions we shared with you. This entry point can be entered twice, and both times it reached the target above 3380. Crude oil fell rapidly from around 64.7, initiating a short-term correction today. The daily K-line has been rising for several consecutive days, indicating the need for a short-term correction. Strategy Open a short position if crude oil rebounds to 64.5. If it continues to rebound to around 65, increase the short position. The target is around 63.
TVC:USOILShort
by Violet_Trading_Strategy