Crude Oil (XTI/USD) at Key Resistance: Breakout or Rejection ?Crude Oil (XTI/USD) has reached a major resistance level and now faces a critical decision point. If price breaks above this resistance, a long trade setup becomes attractive with upside targets at $70 and $71.
However, if rejection occurs at this level, downside momentum could build, with potential declines toward $60 and then $56. Traders should wait for price action confirmation before positioning, as the next move will likely define near-term market direction.
USOUSD trade ideas
“WTI Crude Oil: Rebound Setup with $95 Target Ahead?”WTI Crude Oil Analysis 🛢️
Price is holding strong around the $59–62 support zone.
A breakout above the $70 trendline could open the way to $95–96.
🔹 Fundamentals: OPEC+ supply discipline, global demand recovery, and USD weakness could support the move.
⚠️ Risks: global slowdown, stronger USD, unexpected OPEC policy shifts.
👉 Setup looks bullish, but patience is key.
This is not financial advice.
CRUDE OIL (WTI): Consolidation is OverFollowing a test of a significant daily support level, USOIL has been consolidating for an entire trading week.
Today's fundamental data has instilled a bullish sentiment in the market, and the price has successfully surpassed a major resistance point within its sideways movement.
It is anticipated that the market will continue to experience growth.
The next resistance level to watch is 66.72.
USOIL Will Explode! BUY!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 61.96 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 63.08
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
WTI OIL Short-term Channel Up 4H MA50 buy opportunity.Last week (August 26, see chart below) we caught the absolute low with our WTI Oil (USOIL) buy signal, hitting our $66.30 Target shortly after:
This time we have another buy signal on the short-term as the Channel Up that emerged has pulled-back all the way to its 4H MA50 (blue trend-line).
The last 3 times it did so, it was a buy opportunity. Assuming this is another Higher Low bottom, the new Bullish Leg that is about to be initiated, should aim for the 1.382 Fibonacci extension, similar to what the previous two did.
This gives us a $66.75 Target for the short-term.
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Pullback resistance holding – Bearish reversal in play?WTI Oil (XTI/USD) is reacting off the pivot, which has been identified as a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop to the 1st support.
Pivot: 65.81
1st Support: 62.17
1st Resistance: 68.85
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.
CRUDE OIL (WTI): Important Breakout!
With a strong bullish rally, WTI Crude Oil violated a significant
daily resistance cluster yesterday.
The broken structure and a rising trend line compose an important
demand zone now.
I will expect a bullish continuation from that.
Next resistance - 66.6
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WTI BUY OPPORTUNITY Price rebound at a support level of 62.5 technically we anticipate some bullish price action to develop away from that level. Also, there’s a decrease in oil production according to report from EIA therefore there’s an increase in demand which shows that buyers are likely to take the price higher from the current price. Target profit is 64.5
USOIL Is Going Up! Long!
Take a look at our analysis for USOIL.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 62.605.
Considering the today's price action, probabilities will be high to see a movement to 63.435.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL: Bullish Forecast & Outlook
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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USOIL Latest Analysis and Precise Trading SignalsUSOIL News Analysis: US crude oil inventories unexpectedly increased by 2.4 million barrels last week. Market expectations suggest OPEC+ may consider further production increases at its meeting this weekend, heightening oversupply concerns. International crude oil prices fell to a two-week low during Thursday's trading session. Market research indicates that OPEC+ will hold a meeting this Sunday, with eight member countries and major oil-producing nations such as Russia discussing whether to increase production further in October. If this decision is made, OPEC+ will lift its production cuts of approximately 1.65 million barrels per day, representing 1.6% of global demand, more than a year ahead of schedule.
Technical Analysis: Yesterday, international oil prices saw a slight rebound after breaking the bottom in volatile trading. They quickly retreated in the evening, breaking through the 62.8 mark before quickly rebounding. The daily candlestick chart closed with a small bearish candlestick pattern. Oil prices are showing signs of breaking below the 14-day moving average, but technically haven't broken below the support level. Short-term focus is on the upper resistance level of 64.7 and the lower support level of 62.2. USOIL watershed is $63.7
USOIL Latest Trading Recommendations:
1. Buy Support Zone: $61.3-60.6, Target: $62.2-62.8
2. Sell Resistance Zone: $63.7-64.5, Target: $62.8-62.3
Trading involves risk; manage your position appropriately.
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.
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WTI OIL 4H BUY SIGNAL WTI OIL 4H Buy Signal 🟢
After catching last week’s low and hitting $66.30 target, WTI now pulled back to the 4H MA50 inside the short-term Channel Up.
The last 3 touches = buy opportunities ✅.
If this Higher Low holds, a new bullish leg should target the 1.382 Fib extension → $66.75 🎯.
Kaizo precision. Next move loading… 🥷🔥
USOIL: Bears Are Winning! Short!
My dear friends,
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 61.933 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
USOIL H4 | Bullish reversal setup formingUSOIL is reacting off the buy entry which is a swing low support and could potentially rise from this level to the upside.
Buy entry is at 61.66, which is a swing low support that aligns with the 138.2% Fibonacci extension.
Stop loss is at 60.88, which is a pullback support that aligns with the 161.8% Fibonaci extension.
Take profit is at 63.43, whichis a pullback resistance that aligns with the 50% Fibonacci retracement.
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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!
04-09-2025 USOILAs shown in the figure: 4H Bullish Cypher
The market is not always chaotic and disorderly, and there is a precise geometric beauty hidden in price fluctuations. The harmonic form long strategy is a powerful tool for accurately identifying potential market reversal points based on the Fibonacci ratio. When the form forms perfectly at the key support level, it often indicates the depletion of bearish momentum and the initiation of bullish trends.
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.
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.
WTI LongLooking at WTI Crude Oil (1H), the broader market structure has been bearish, with price creating lower highs and lower lows after rejecting the supply zone near 65.50–65.00. A clear Break of Structure (BOS) occurred around 62.00, confirming bearish continuation. However, more recently, price attempted to shift with a Change of Character (CHoCH) at 62.95, suggesting buyers are trying to regain short-term control. This signals the possibility of a corrective move upward before any further downside.
The higher supply zone near 65.00 remains strong since price dropped sharply from it on the last test. A more local supply sits around 62.80–63.00, where sellers previously defended. On the demand side, the zone around 60.20–60.60 is more significant, as buyers stepped in with strength to fuel the latest rally. The minor demand at 61.50–61.70 could also provide temporary support, though its reaction may be weaker due to the heavier selling pressure that brought price down there previously.
Currently, price is consolidating around 62.10 after a failed push into the supply zone. If buyers defend the nearby demand around 61.50–61.70, a bounce toward 62.95 to retest the CHoCH level looks likely. If that zone gives way, the deeper demand near 60.20 would be the next logical target. The trade bias is cautiously bullish in the short term, expecting a potential corrective rally higher, with 61.40 as the invalidation level. A decisive break below this would restore full bearish control.
Momentum is shifting slightly in favor of buyers, shown by stronger bullish candles off the lows, but sellers remain present at local supply. No strong bullish reversal pattern has yet formed, so price may still retest demand before pushing higher.