wti 1h🔹 Overall Outlook and Potential Price Movements
In the charts above, we have outlined the overall outlook and possible price movement paths.
As shown, each analysis highlights a key support or resistance zone near the current market price. The market’s reaction to these zones — whether a breakout or rejection — will likely determine the next direction of the price toward the specified levels.
⚠️ Important Note:
The purpose of these trading perspectives is to identify key upcoming price levels and assess potential market reactions. The provided analyses are not trading signals in any way.
✅ Recommendation for Use:
To make effective use of these analyses, it is advised to manually draw the marked zones on your chart. Then, on the 5-minute time frame, monitor the candlestick behavior and look for valid entry triggers before making any trading decisions.
Trade ideas
WTI bounce in the making?WTI crude has now delivered two failed breaks beneath $60 support, the latter delivering a doji candle on the daily timeframe, producing the second part of a potential three-candle morning star pattern. With risk sentiment perking up again as traders anticipate a likely deal between Donald Trump and Xi Jinping to reset trade relations between the U.S. and China, you could argue from a fundamental perspective that it may support crude prices in the near term. That outcome would likely see the bullish reversal pattern completed.
Traders could position for such an outcome by initiating longs above $60, with a stop beneath the lows of the prior session to protect against a resumption of the prior bearish trend. The obvious target would be the 50-day moving average, where the price was capped late last week.
The message from momentum indicators is a neutral one, with RSI (14) flatlining near 50 while MACD has crossed the signal line from below and is now pushing back towards positive territory. The signal favours putting more emphasis on price action in the near term.
Good luck!
DS
Crude Oil Trading Strategy for Today1.The dual benefits of the interest rate cut: On October 30, the Federal Reserve cut interest rates by 25 basis points, which has placed the probability at 85.5%. The US dollar index is likely to weaken along with the easing policy, and the decline in the purchase cost of non-US currencies will stimulate demand expectations. At the same time, in the context of preventive interest rate cuts, economic demand resilience still exists, avoiding the suppression of recessionary interest rate cuts on oil prices. The short-term financial attribute-driven trend is clear.
2.Geopolitical disturbances and OPEC+ negotiations to stabilize: The attack by Ukraine on Russian refineries has led to a decline in Russia's oil product exports. While OPEC+ maintained a moderate increase of 137,000 barrels per day in November, and Saudi Arabia and Russia had differences in the expansion pace, the actual increase in production fulfillment rate was less than 60%. The supply-side pressure has not been significantly released, providing a bottom support for oil prices.
Crude Oil Trading Strategy for Today
buy:59.5-60
tp:61-61.5
sl:58.5
Potential bullish bounce off?USO/USD is reacting off the support level, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to the take profit.
Entry: 60.51
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 58.82
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 62.83
Why we like it:
There is a multi-swing high resistance.
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WTI OIL 1D MA50 rejection. Sell Signal.Last time (October 14, see chart below) we took a look on WTI Oil (USOIL), we gave a Buy Signal right at the bottom of its 3-month Channel Down, which eventually hit our 62.00 Target:
This time we have a Sell Signal as the price and the Channel's Bullish Leg got rejected on its 1D MA50 (blue trend-line). When that happened in September, the market started to decline and reached its lower Support.
As a result, we expect Oil to turn bearish here, targeting $56.00.
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CRUDE OIL Local Short! Sell!
Hello,Traders!
CRUDE OIL is reacting from the horizontal supply area after liquidity above previous highs was taken. Expect continuation to the downside as the market rebalances toward the target level.
Sell!
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Check out other forecasts below too!
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WTI oversold bounce back capped at 6160The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the longer term support, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 6160, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6160 could confirm the resumption of the downtrend, targeting the next support levels at 5946, followed by 5845 and 5780 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6160 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6215, then 6300.
Conclusion:
The short-term outlook remains bearish unless the WTI Crude price breaks and holds above 6160. 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.
USOIL WEEKLY🧩 1. Chart Overview
• Instrument: WTI Crude Oil (TVC: USOIL)
• Timeframe: Weekly (W1)
• Current Price: Around $60.34
• Main Idea: Price is completing a large correction and preparing for a major long-term uptrend.
⸻
⚙ 2. Elliott Wave Structure Breakdown
🔹 Wave Count
• The major Wave (A) peaked near $130–$140 (the 2022 top).
• Since then, oil has been moving in a complex correction labeled as (W)-(X)-(Y) — a typical double zigzag structure.
• You’ve marked the last part as Wave (2) nearing completion — meaning the next leg is expected to be Wave (3) to the upside (a powerful impulsive rally).
⸻
🧠 3. Wyckoff Accumulation Phase
The right side of the chart shows a Wyckoff-style pattern, indicating accumulation after a large markdown.
Key Wyckoff Labels:
• AR (Automatic Rally): The first strong bounce after the selloff, forming the upper boundary of the trading range.
• ST (Secondary Test): Retest of the lower support area.
• Spring: Final shakeout below support — trapping late sellers.
• Test / (2): The end of the correction, confirming accumulation is complete.
✅ Once the spring is confirmed, a strong markup phase (uptrend) usually begins — aligning perfectly with Elliott Wave (3).
⸻
🧭 4. BOS & CHoCH (Smart Money Concepts)
These two terms on the left side represent structure shifts:
• BOS (Break of Structure): Indicates the end of a bearish phase and start of a new bullish leg.
• CHoCH (Change of Character): Early signal of trend reversal — used by institutional traders to identify accumulation/distribution shifts.
So the previous bullish leg (2020–2022) already showed BOS and CHoCH, meaning the market structure turned bullish.
Now, we are in the re-accumulation stage before the next big push.
📈 6. Expected Path (Your Projection)
1. Current Phase: Completing the last leg of correction (Wave (2)) — forming a Wyckoff spring.
2. Next: Bounce and consolidation above $70–80 to confirm accumulation.
3. Then: Major breakout — Wave (3) — targeting $110–$140, possibly over several months into 2026–2027.
Simple Interpretation
WTI Crude Oil is finishing its large corrective phase near $60.
The structure shows a Wyckoff spring + Wave (2) bottom, meaning big accumulation is happening.
Once price breaks above $80, a strong multi-year uptrend could begin, aiming for $120–$140.
Crude Oil Trading Strategy for TodayFunds continue to accumulate: Although the non-commercial net short position of the CFTC remains negative, it has decreased by 80,000 lots in the past two days. Hedge funds have increased their long positions by 120,000 lots in the range of $59 - $60. The trend of fund rebalancing continues, and there is no withdrawal signal.
Refinery replenishment to stabilize: The 3-2-1 cracking spread in the United States remains at $23 per barrel. The processing profit of refineries has not significantly declined, and the operating rate has stabilized at 88%. Corresponding to the daily purchase volume of crude oil, it has increased by 300,000 barrels compared to the beginning of October, and the demand for active replenishment of inventories supports the price.
Crude Oil Trading Strategy for Today
buy:59.5-60
tp:61-61.5
sl:58.5
USOIL Crudeoil bullish forecast down trend breakdout🚨 USOIL (Crude Oil) Technical Update 🚨
🕒 Timeframe: 1H
📉 After a clear downtrend breakout, price has shown a strong bullish consolidation breakout from the key support zone at $60.700.
🔥 Momentum is shifting bullish, signaling potential continuation to the upside.
🎯 Technical Targets:
$61.300 — Initial resistance / short-term target
$62.000 — Mid-term bullish objective
$62.800 — Extended target / next major resistance
📊 Outlook:
As long as price holds above $60.700, buyers remain in control. Watch for sustained volume and candle confirmation for further continuation.
#USOIL #CrudeOil #TechnicalAnalysis #Forex #Commodities #Trading #Breakout #BullishMomentum 💪📈
Crude Oil Trading Strategy for TodayThe policy replenishment window has opened, and official buying has formed a bottoming force. On October 27, the US Department of Energy clearly announced that it plans to purchase 1 million barrels of crude oil to replenish the strategic petroleum reserve (SPR), with the delivery period set from December to January next year, and the purchase price locked in at around $60. Although the single purchase volume is limited, this is the first clear official replenishment action since the oil price dropped, sending a strong signal that "60 dollars is the policy bottom". At the same time, although OPEC+ has entered a production increase cycle, it only plans to increase production by 137,000 barrels per day in November, and there are differences between Saudi Arabia and Russia on the extent of production increase. The actual implementation rate may be lower than expected and is unlikely to form a substantive supply shock.
Crude Oil Trading Strategy for Today
buy:59.5-60
tp:61-61.5
sl:58.5
WTI Crude Oil (USOIL) Bearish OutlookOil is showing clear signs of weakness after rejecting the 61.80–62.00 resistance zone, which has acted as a strong supply area multiple times before. The price failed to maintain bullish momentum and is now turning lower, confirming potential bearish continuation.
The RSI is also pointing down from mid-levels, supporting further downside pressure. If sellers remain in control, a drop toward the 58.00–56.30 zone looks likely.
🔹 Resistance: 61.80 – 62.00
🔹 Support: 58.00 / 56.30
🔹 Bias: Bearish below 61.80
🔹 Timeframe: 4H
Structure remains bearish as long as price trades under the resistance zone — next wave down could be strong.
USOIL TRADE IDEAhi all
USOIL has broken through the resistance level at 60.17 on the H4 timeframe. The current decline is likely a pullback. In my view, the 59.3–59.1 range presents a good opportunity to go long on USOIL
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
US OIL SUPPORT, RESISTANCE & TRENDLINE ANALYSISI hope whoever followed my levels must have been a great help for them.
Go "SHORT" if it breaks 60.46 along with the trendline with 60.07 as first target and breaking that might lead to 59.69 and breaking that as well might lead to 59.30
Go "LONG" if it breaks 60.46 with 60.85 as first target and breaking that might lead to 61.18 and breaking further might lead to 61.56 and if again if breaks and sustains then we might see a good move till 62.23
Crude Oil Long Idea (WTI, 15m)After an extended correction, WTI has reached the lower boundary of the ascending channel, where buying volume spikes are appearing. The market is testing support near $60.70–$60.50, aligning with the median line structure from previous swings.
A potential reversal setup may form if price holds above this zone and reclaims $61.20.
The first bullish target lies near $62.30–$62.60, followed by the upper channel resistance around $63.50.
Bias: short-term long within the broader bullish channel; invalidation if candle closes below $60.00.
In essence — buying oil at the lower edge of the channel, expecting a rebound toward midline resistance.
Crude Oil Trading Strategy for TodayThe current WTI oil price of $61.2 is not merely a fluctuation center, but rather a "multiplier window" formed by the resonance of three core variables - "cost floor, geopolitical breakthrough, and sentiment correction" - indicating a "structural contradiction-driven short-term trend". It is clear that this is a "wave-like market phenomenon" rather than a trend reversal. However, the short-term upward momentum is highly certain:
The cost floor is clearly defined, with $60 being the "iron bottom".
The new well production break-even cost of US shale oil has reached $63 per barrel. The current price of $61.2 is already below the marginal production cost line. From the data, the number of active oil drilling rigs in the US has dropped to 424 (a decrease of 60 compared to the previous year), and if the oil price remains below $60, the shale oil production may be reduced by 1-1.5 million barrels per day next year. The supply contraction expectation has been priced in in advance. At the same time, non-OECD countries are accelerating their replenishment of stocks at low prices, forming "non-tradable inventories" to absorb excess supply, further strengthening the support at $60. The geopolitical sanctions are intensifying, leading to a structural rift in the supply side.
After the US imposed secondary sanctions on Russian oil, India's 1.7 million barrels per day Russian oil long-term contract faces the risk of termination. This part of the demand is now shifting to the spot market in the Middle East, directly pushing the Dubai crude oil premium to $2.1 per barrel (a 3-month high). More importantly, the actual spare capacity of OPEC+ has been seriously overestimated - Saudi Arabia's actual spare capacity is only 60-100 thousand barrels per day, far below the claimed 2.43 million barrels per day, and the OPEC+ has only increased production by 61% for five consecutive months, highlighting the capacity bottleneck and inability to fill potential supply gaps.
The market sentiment is overly pessimistic, with a significant recovery space.
As of October 23rd, the speculative net long position has dropped to a historical low. When Brent oil price fell below $60, 80% of traders held a bearish stance, forming a typical "extreme emotional state". However, the month spread structure still remains positive (Backwardation), not entering the Contango structure, indicating that the spot market does not have a real surplus. The previous decline was more dominated by sentiment, and the demand for recovery is strong.
Crude Oil Trading Strategy for Today
buy:61-61.3
tp:61.6-61.9
SL:60
Capital.com: Crude Oil Sells US OIL Sell Setup – Bearish Structure
US Oil is showing signs of renewed bearish momentum after rejecting a key daily resistance zone. On the 1-hour timeframe, price has confirmed a lower high formation, followed by a decisive break below a key intraday support level—now acting as resistance. This shift in structure suggests potential continuation to the downside, with momentum favoring sellers as long as price remains below the reclaimed zone.
Technical Highlights:
Bearish structure confirmed on the 1H timeframe
Clean break and retest of structure
Momentum building for a potential push toward lower levels
Trade Setup:
Entry: 61.02
Stop Loss: 61.56
Target Levels:
Take Profit 1: 60.59
Take Profit 2: 56.34
This setup offers a favorable risk-to-reward ratio within a well-defined bearish structure. Wait for candle confirmation below resistance if not already in the trade, and always manage your risk according to your plan.
Drop your thoughts or questions below — and if you found this helpful, hit boost and follow for more structured US Oil trade ideas.
Stay sharp. Trade with precision. 🛢️📉
WTI OIL OIL DEFENDED 56$-55$ ZONE ,THE NEXT TECHNICAL BUY POSITION WILL BE 60.79$-61$ ,IF THE LAYER IS RESPECTED I WILL HOLD BUY TILL WE BREAKOUT OF 62.188$ PER BARREL hoping to challenge the long term descending trendline holding price as supply roof and dynamic resistance to upswing.
buy target could exceed 66.219-65.567$
WTI (West Texas Intermediate) crude oil is a major benchmark for oil prices, representing light, sweet crude oil primarily produced in the U.S. It is widely used globally to price various grades of crude oil.
As of late October 2025, WTI crude oil prices have been trading around $61.745 per barrel. The recent price movement reflects several fundamental factors:
Supply Constraints: Ongoing production cuts by OPEC+ members and U.S. sanctions on key oil-producing countries are tightening supply, supporting prices.
Demand Dynamics: Global economic concerns, including slowing growth in major economies, have weighed on demand outlook, causing price volatility.
Inventory Levels: U.S. crude inventory data and storage capacity utilization have affected market sentiment with fluctuating stockpile levels.
Geopolitical Risks: Tensions in the Middle East and trade uncertainties continue to keep risk premium in prices.
Energy Transition Policies: Shifts toward renewable energy and emission reduction targets are influencing longer-term demand forecasts.
In summary, WTI prices near $61-62$ are driven by a mix of supply discipline, cautious demand outlook, and geopolitical uncertainties, creating a balanced but volatile oil market environment
This fundamental backdrop suggests that price action in WTI will remain sensitive to OPEC+ decisions, U.S. economic data, and geopolitical developments.
#USOIL #WTI #OIL #UKOIL






















