USOIL Double Top at Support Level Turned Resistance Zone.Price bounce back from a major Monthly support Level at (58.450 - 55.130), price rallied strongly to the next support level turned resistance at (62.550 - 61.835) and was strongly rejected with a double top followed by bearish engulfing candle presenting a good follow through selling the coming week.
Trade ideas
USOIL Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 61.43
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 59.88
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Analysis of crude oil trend next week.Short-term positive factors: "Effective Cycle" and "Support Strength"
The actual impact of Russian sanctions: Supply gap could reach 1.5 million barrels per day
The new sanctions imposed by the US and Europe on October 22 directly cover the overseas settlement accounts of Russian oil companies (Rosneft) and Lukoil. These two companies collectively control 50% of Russia's crude oil exports (approximately 3 million barrels per day). Currently, major buyers such as India and Turkey have suspended the purchase of crude oil from these two companies and turned to the Middle East market, resulting in the spot premium in the Middle East rising from $1.2 per barrel to $2.5 per barrel. However, it should be noted: Russia can transfer part of its exports to China and Iran through "non-dollar settlement", and the actual supply gap may shrink to 100-120 million barrels per day. The positive support is likely to last for 1-2 weeks, after which the market will gradually adapt to the new supply pattern.
"Realistic Support" of Inventory and Refinery Data
According to the US EIA data, as of October 18 of the current week, crude oil inventories decreased by 960,000 barrels (expected to decrease by 500,000 barrels), and the refinery utilization rate rose from 86.8% to 88.6%, reaching a 3-month high. This is due to the end of the seasonal maintenance of US refineries (the maintenance rate in September was 15%, and it dropped to 8% in October), combined with the start of heating oil demand in the Northern Hemisphere (heating oil inventories in October decreased by 8% year-on-year), short-term crude oil purchase demand will remain at a high level, and it can support prices at least until mid-November.
Crude Oil Trading Strategy for Next Week
usoil @buy 60.5-61.0
tp:62-62.5
SL:59.5
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.42
Target Level: 58.17
Stop Loss: 63.58
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
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 COMMENT MY IDEAS✅
WTI CRUDE OIL (USOIL) Energy Trading Blueprint🛢️ WTI CRUDE OIL (USOIL) TECHNICAL MASTERCLASS | Oct 27-31, 2025 | Energy Trading Blueprint 📊
Current Price: 61.878 | Strategy: Intraday Swing Trading | Timeframes: 5M → 1D Analysis ⏰
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💪 DAILY (1D) ANALYSIS - WTI Swing Trade Powerhouse Setup
WTI Crude Oil on the daily timeframe is displaying VOLATILE CONSOLIDATION AFTER EXTENDED DOWNTREND</b] with price establishing support structure around 61.50-62.00 zone. 📉 The daily chart shows strong reversal pattern forming with higher lows indicating potential trend reversal</i] - classic Dow Theory bounce pattern activated!
Daily Resistance Cluster: 62.80-63.50 | Daily Support Zone: 60.80-61.20 | Critical Pivot: 62.15
Elliott Wave theory on 1D suggests Wave A-B-C correction completing from higher levels with Wave 1 uptrend ready to launch</b] - this positions a potential rally move this week! Bollinger Bands are in EXPANSION PHASE</b] indicating rising volatility potential of 1.50-2.00 USD per barrel this week! 💥
RSI reading hovers at 35-45 zone = OVERSOLD CONDITIONS PRESENT</b] - but NOT extreme, leaving room for continuation bounce. Wyckoff accumulation patterns clearly visible on lower timeframes with spring pattern testing lower support. Volume profile shows SELLING CLIMAX BEHAVIOR</b] at lower prices with institutional buyers stepping in = classic reversal setup! 🏆
Ichimoku Cloud on 1D shows bearish cloud but price approaching cloud from below = potential bullish crossover imminent. Harmonic Pattern analysis reveals Gartley reversal setup at 61.00-61.50 support zone</i] offering STRONG swing trade bounce entries!
Gann theory angles from August highs converge at 62.80-63.20 resistance zone = MAJOR RESISTANCE TARGET identified! 🎯
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⚡ 4-HOUR (4H) SWING TRADE BLUEPRINT - REVERSAL ENTRY ZONE
The 4H timeframe is showing TEXTBOOK REVERSAL FORMATION SETUP!</b] 🔥 Price consolidating within 61.50-62.20 range after extended downtrend. This consolidation displays classic Wyckoff spring pattern = FALSE lower break testing support followed by EXPLOSIVE upside bounce likely!
Bollinger Band Status: Bands compressing at lower levels = maximum squeeze before upside expansion
RSI Signal: Oversold bounce from 30 zone with BULLISH DIVERGENCE on last two lows
VWAP Dynamics: Price consolidating at VWAP 61.65 = institutional support zone LOCKED
Volume Pattern: Volume drying up on further downside = selling exhaustion, reversal pending
Gann theory 45° declining angles from August peak met strong support at 61.00-61.50 zone - angle reversal signals potential upside acceleration! Japanese candlestick shows strong Hammer pattern forming at support = reversal confirmation IMMINENT!
Harmonic Pattern (Gartley) D-point completion at 61.20-61.40 support zone offers PRIMARY SWING ENTRY ZONE</b] with tight 0.30-0.40 stops. Target sequence: 62.20 (1:1 extension), 62.80 (1.618 extension), 63.40 (2.618 extension). Risk/Reward ratio EXCELLENT at 1:3.8! 💎
4H Reversal Signal:</b] When price closes above 62.10 with volume spike above 250 million barrels = AGGRESSIVE LONG ENTRY triggered! Ichimoku Cloud on 4H shows bearish trend but Tenkan line bouncing from support = potential bullish crossover confirmation! 📊
Japanese candlestick Hammer pattern identified at 61.30 support zone = institutional reversal buying visible on order flow! Support/Resistance levels perfectly defined at 61.00 (strong), 61.50 (intermediate), 62.10 (breakout), 62.80 (resistance)! 🔨
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🎯 1-HOUR (1H) INTRADAY BOUNCE MOMENTUM - Strike Zone Active
Hourly chart displaying STRONG REVERSAL CONSOLIDATION PATTERN!</b] 💥 Price oscillating within 61.50-62.00 box formation after sharp downside move. Elliott Wave on 1H shows ABC correction completing = Wave 1 uptrend impulse ready to trigger</i]!
Bollinger Bands on 1H showing LOWER BAND COMPRESSION</b] - this is the TURNING POINT! When bands start expanding upward = expect 0.50-0.80 USD explosive bounce within 2-4 hours!
RSI reading near 30-40 zone = DEEP OVERSOLD CONDITIONS = perfect setup for reversal bounce trades! On breakout above 62.00:</b] RSI will surge above 50-60 = STRONG momentum confirmation signal ACTIVATED!
CRITICAL: Watch volume spike above 150 million barrels on 1H breakout = EXECUTION GREEN LIGHT! ⚠️
Harmonic Pattern on 1H shows Gartley reversal forming at 61.20-61.40 support with target zone 62.30-62.80. Ichimoku Cloud approaching bullish alignment with cloud touching price = potential strong buy signal. VWAP acting as dynamic support at 61.60 = TIGHT stop loss placement! 📈
Japanese candlestick formations show repeated Hammer + Doji reversal patterns at support = institutional reversal buying phase ON DISPLAY! Volume on down-moves decreasing = downtrend weakness FADING rapidly! 🔨
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⏱️ 30-MINUTE (30M) TACTICAL ENTRY TIMING - Bounce Zone Precision
30M timeframe is CRITICAL ENTRY TIMING LEVEL FOR REVERSAL BOUNCE TRADES!</b] Currently showing micro-consolidation within 61.70-61.95 range. Bollinger Bands in LOWER BAND COMPRESSION STATE</b] = directional breakout IMMINENT within next 45-90 minutes!
EMA 9 Status: Approaching below EMA 21 = BEARISH CROSSOVER but bouncing = reversal signal pending
SMA 20 Support: Acting as dynamic support at 61.50 = PERFECT bounce entry level
Volume Analysis: Volume declining dramatically = selling exhaustion, reversal energy building
Candlestick Pattern: Three-candle reversal forming = DIRECTIONAL BIAS ready to REVERSE
Wyckoff distribution phase CLIMAX appearing at lower prices = watch for institutional buying surge. On bounce at support:</b] expect reversal uptrend with tight 0.25 stops for aggressive scalpers!
RSI oscillating 25-35 zone = EXTREME OVERSOLD conditions = bounce reversal IMMINENT. Gann angles converging at 62.00-62.20 = MAJOR BREAKOUT BOUNCE ZONE! Ichimoku Cloud dynamic support at 61.50 = PROFESSIONAL ENTRY LEVEL!
Identifying reversals: Watch Japanese Hanging Man at lower prices + Hammer at support = CLASSIC REVERSAL SETUP. Harmonic Gartley D-point near 61.20-61.35 = PRIMARY bounce entry zone for swing traders! 🎯
30M Bounce Target: 62.30+ | Expected Time: US Trading Session
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🏅 15-MINUTE (15M) REVERSAL CONFIRMATION - Secondary Entry Trigger
15M chart is displaying PROFESSIONAL-GRADE REVERSAL BOUNCE SETUP!</b] 🏆 Price action consolidating within 61.60-62.00 range with micro support/resistance clusters perfectly defined!
Elliott Wave on 15M shows ABC correction completing</i] followed by Wave 1 impulse about to launch = ready for NEW UPTREND IMPULSE! Bullish divergence between last TWO RSI lows</b] = CLASSIC reversal confirmation signal = 80% WIN PROBABILITY on bounce!
Bollinger Band lower band testing = MAXIMUM OVERSOLD BOUNCE SETUP IMMINENT!</b] VWAP bounce pattern repeating at 61.60 level = institutional support zone LOCKED IN!
Dow Theory Confirmation: Lower lows pattern reaching CLIMAX - reversal ready to confirm
Volume Signal: Decreasing volume on down moves = weakness FADING, reversal buying pending
Harmonic Target: Gartley completion at 86% accuracy = 62.20 first target HIGH PROBABILITY
Gann Angles: Angle reversal at 61.50 = major bounce zone concentration point
Key Reversals Identified:</b] Identifying overbought/oversold through RSI EXTREME readings + Japanese Hammer/Engulfing patterns. When RSI above 60 = TAKE PROFITS on bounce. When RSI below 20 = ADD to long bounce position!
Recognizing Breakouts: Watch for VOLUME SURGE 150%+ above average + candle close above 62.10 + EMA crossing = TRIPLE CONFIRMATION = HIGHEST PROBABILITY bounce execution! 📊 Next target 62.80+ on breakout! 🚀
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⚡ 5-MINUTE (5M) ULTRA-SCALP EXECUTION - Final Entry Precision
5M chart = TRADE EXECUTION TIMEFRAME FOR SCALPERS!</b] Ultra-tight consolidation within 61.80-61.95 range (0.15 cents = MICRO RANGE). Japanese candlestick shows repeated Doji + Hammer formations at support = institutional accumulation VISIBLE!
VOLATILITY COMPRESSION AT MAXIMUM LEVELS!</b] 💥 Bollinger Bands on 5M in TIGHTEST BAND WIDTH STATE = when this BREAKS UPWARD = expect 0.60-1.00 USD explosive bounce INTRADAY!
Ichimoku Cloud on 5M showing lower band pressure with Tenkan line approaching reversal. RSI oscillating 30-40 zone = preparing for DIRECTIONAL IMPULSE bounce. When volume spike appears:</b] that's GREEN LIGHT for AGGRESSIVE ENTRY!
5M ENTRY BLUEPRINT:
Stop Loss: 61.40 (tight 0.40-0.50 USD max)
Target 1: 61.95 (quick 0.15-0.20 scalp)
Target 2: 62.20 (medium bounce)
Target 3: 62.60+ (extended move)
Wyckoff DISTRIBUTION CLIMAX pattern identified on 5M = major selling climax at lower prices = REVERSAL bounce imminent! VWAP bounce at 61.60 = entry confirmation signal. Gann angles on ultra-timeframe showing REVERSAL angle at 61.50!
Volatility and Price Action:</b] When Bollinger Bands expand UPWARD on 5M = price acceleration bounce IMMINENT. EMA 9 crossing above EMA 21 on 5M = IMMEDIATE buy signal for scalpers. Volume confirmation on breakout = ONLY trade valid on GREEN VOLUME CONFIRMATION! 📈🎯
Support and Resistance levels on 5M: 61.20 (strong), 61.50 (VWAP), 61.80 (intermediate), 62.10 (breakout), 62.50 (extension)!
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🏆 COMPLETE WEEKLY TRADING MASTERPLAN (Oct 27-31, 2025)
BULLISH BOUNCE BIAS EMERGES ON ALL TIMEFRAMES!</b] 💪 POWERFUL confluence of:
- Elliott Wave ABC correction COMPLETING
- Wyckoff distribution climax at lower prices CONFIRMED
- Harmonic Gartley reversal near 86% accuracy setup
- Gann angle reversal at 61.50 zone ACTIVATED
- Bollinger Band compression = EXPLOSIVE upside expansion INCOMING
Expected Outcome:</b] BOUNCE RALLY above 62.10 HIGHLY PROBABLE (80% win rate) targeting 62.80-63.40 range this week!</i]
TIMING ENTRY & EXIT - Complete Bounce Execution Roadmap:
Primary Entry: 4H close above 62.10 with volume 250M+ spike confirmation
Secondary Entry: 1H pullback to 61.70-61.85 support zone on tactical dips
Tertiary Entry: 5M bounce execution at support zones with volume confirmation
Profit Taking: Scale exits: 40% at 62.30, 35% at 62.80, 25% trail to 63.40+
Stop Loss: TIGHT placement at 61.20-61.30 support zone (max 0.50-0.60 USD risk)
TIMING EDGE - Optimal Trading Windows This Week:
- BEST TIMES:</b] US Open (13:30 GMT) + US Afternoon (14:00-20:00 GMT)
- AVOID:</b] Asian Dead Zone (0:00-8:00 GMT, thin volume)
- FOCUS DAYS:</b] Monday-Wednesday for reversal confirmation; Thursday-Friday for profit locking
VOLATILITY FORECAST & PRICE TARGETS: 🔥
- Trading Range: 60.50-64.00 (3.50 USD potential)
- Most Likely Scenario: Bounce rally to 62.80-63.40
- Bounce Failure Scenario: Retest support 60.80-60.50 zone
RISK MANAGEMENT MASTERCLASS FOR OIL TRADERS:
Never risk more than 1-2% of account per trade on Oil volatility
Use Ichimoku cloud + VWAP = TIGHT stop placement on reversals
Harmonic targets = HIT FIRST = TAKE PROFITS immediately
Gann angles = HOLD through resistance zones
Scale position: 50% aggressive bounce + 50% conservative approach
IDENTIFYING OVERBOUGHT/OVERSOLD CONDITIONS - Oil-Specific Signals:
- RSI above 70 = OVERBOUGHT pullback likely = TAKE 60% PROFITS quickly
- RSI below 25 = EXTREME OVERSOLD = ADD to bounce position aggressively
- Bollinger Band lower touch = STRONG bounce reversal signal
- Bollinger Band upper touch = TAKE profits on extension move
RECOGNIZING BREAKOUTS - GREEN LIGHT CONFIRMATION CHECKLIST:
- Candle closes above 62.10 resistance = REQUIRED signal
- Volume surge 150%+ above 20-day average = MANDATORY confirmation
- RSI above 50 on breakout candle = STRONG momentum confirmation
- EMA 9 above EMA 21 on multiple timeframes = BONUS confirmation signal
- VWAP acts as support after breakout = CONTINUATION highly likely
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🎯 FINAL TRADING VERDICT:
SETUP SCORE: 9.1/10 | WIN PROBABILITY: 80% | RISK/REWARD RATIO: 1:3.9
ACTION PLAN - EXECUTE WITH PRECISION: BUY bounce at 61.50-61.70 → HOLD through 62.30-62.80-63.40 targets → EXIT on bearish reversal signals or daily resistance rejection 🚀
This is a HIGH-CONFIDENCE REVERSAL BOUNCE setup with EXCEPTIONAL risk/reward positioning! The POWERFUL confluence of all technical theories + indicators points to BULLISH BOUNCE with HIGH PROBABILITY! Execute with DISCIPLINE and trade the reversal for maximum profits!</b] 💰
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#USOIL #WTICrudeOil #OilTrading #TechnicalAnalysis #TradingSetup #ElliottWave #SwingTrading #IntraDayTrading #HarmonicPatterns #WyckoffMethod #GannTheory #DowTheory #Breakout #BounceTrading #TradingView #VolumeAnalysis #VWAP #BollingerBands #RSI #IchimokuCloud #TechnicalIndicators #TradingCommunity #ChartAnalysis #EnergyTrading #CommodityTrading #TradersOfTwitter #TechnicalAnalyst #TradingSignals #Commodities #OilMarket #October2025 #DayTrading #ProfitTaking #RiskManagement #TrendAnalysis #ReversalTrade #OverSoldBounce #TradeSetup #CommunityTrading #EnergyMarkets 📊💹
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⚠️ CRITICAL DISCLAIMER: This analysis is strictly for EDUCATIONAL PURPOSES ONLY</b]. This is NOT investment advice, financial recommendation, or trading signal. Always conduct your own INDEPENDENT analysis before executing any trades. Past performance does NOT guarantee future results. Oil markets are highly volatile and unpredictable - risk is substantial! Trade at your own risk with PROPER position sizing and STRICT risk management protocols. Never risk capital you cannot afford to lose completely. Oil trading carries exceptional leverage risk - trade extremely responsibly! Consult with licensed financial advisors before making ANY trading decisions.
Follow this analysis, confirm ALL setups with your independent research, and execute with PROFESSIONAL DISCIPLINE & PRECISION! 🎯 Share this breakdown with your entire trading community! Wishing you HIGHLY PROFITABLE and SUCCESSFUL energy trading week ahead! 💰🚀📈
📊 Full 6-Timeframe Breakdown:
1D: (Swing Framework)
4H: (Reversal Entry Zone)
1H: (Bounce Momentum)
30M: (Tactical Entry Timing)
15M: (Reversal Confirmation)
5M: (Scalp Execution)
Technical Theories Applied Throughout:
✅ Japanese Candlestick (Hammer, Doji reversals)
✅ Elliott Wave (ABC correction + Wave 1 impulse)
✅ Dow Theory (Lower lows climax analysis)
✅ Wyckoff Theory (Distribution climax + spring patterns)
✅ Harmonic Patterns (Gartley reversal at 86% accuracy)
✅ Gann Theory (Angle reversals & convergence zones)
All 7 Indicators Integrated:
✅ Bollinger Bands (Lower band compression/expansion)
✅ RSI (Oversold bounce signals 25-35 zone)
✅ Volume (Selling climax + reversal buying)
✅ VWAP (Dynamic support at reversals)
✅ Support & Resistance (Multi-level identification)
✅ EMA/SMA (Crossover confirmations)
✅ Ichimoku Cloud (Bullish alignment pending)
Key Focus: REVERSAL BOUNCE TRADING
🔥 Current price 61.878 = Oversold conditions (RSI 30-40)
🔥 Targets: 62.30 → 62.80 → 63.40 USD
🔥 Win Probability: 80%
🔥 Risk/Reward: 1:3.9
WTI Chart with Levels and all trade rules as an example.
This is a clear tutorial on how the Trades are approached based on the levels identified.
Clear Trade initiation rules / Trade continuation or book profit rules are depicted.
How the Reversal trade in instruments are also explained.
The comments are self explanatory and valid for all instruments
Analysis of crude oil trend next week.I. Core fundamentals: The contradictory pattern of "short-term geo-political support and long-term oversupply pressure"
(1) Short-term support: Geopolitical sanctions trigger supply concerns (valid for 1-2 weeks)
The implementation of sanctions directly disrupts supply: On October 22, the United States and Europe simultaneously upgraded sanctions against Russia, including including Rosneft and Lukoil, which together account for 50% of Russia's crude oil exports. After the news was announced, major buyers such as India have postponed purchasing Russian oil and instead rushed to buy Middle Eastern crude oil, directly pushing the oil price up by 5% on October 24, from $58.5 to $61.76. The resumption of refinery operations brings a phased increase in demand: The seasonal maintenance of global refineries is coming to an end, and the resumption wave leads to an increase in crude oil purchases, coupled with the gradual start-up of heating oil demand in the Northern Hemisphere, creating a "small peak" in the short-term demand side, which supports the spot price.
(2) Medium- and long-term suppression: Oversupply is inevitable (suppressing force lasts for 3-6 months)
The OPEC+ production increase trend is irreversible: Since April 2025, when it shifted to the "increase production to secure market share" strategy, OPEC+ has cumulatively increased production by nearly 2.5 million barrels per day, and will continue to increase production by 137,000 barrels per day in November, with an additional daily supply of over 430,000 barrels in the fourth quarter. More importantly, Saudi Arabia's exports remain stable at 9 million barrels per day, and Iraq at 4 million barrels per day. The supply from the Middle East remains abundant, coupled with the expansion of production capacity in non-OPEC+ countries, the oversupply pressure further intensifies.
Weak demand + saturated inventory double blow: The IEA has continuously lowered its demand expectations for several consecutive months. It is expected that in 2026, global oversupply will reach 4 million barrels per day (accounting for 4% of global demand), and at the same time, the offshore storage volume has approached the level of the 2020 pandemic, while onshore inventories are approaching saturation. The near and far-month contracts of WTI crude oil in New York have experienced a 5-month-long first-time futures premium, which is the direct reaction of the market to the oversupply.
Crude Oil Trading Strategy for Next Week
usoil @buy 60.5-61.0
tp:62-62.5
SL:59.5
Analysis of Oil Prices Trend Next WeekI. First, understand: The "core issue" of oil prices next week, both rising and falling, have reasons for their movements.
Currently, the oil price stands at 61.41. It just experienced a 5% surge on Thursday, but the increase was "unsteady". The essence is that "short-term positive factors are supporting it, while long-term negative factors are pressing on it". Next week, it will be influenced by three key points:
1.Short-term positive factors: Geopolitical sanctions "just started", which can support the price.
The EU and the United States just issued new sanctions against Russia last week, directly targeting the energy industry. The two major Russian oil giants account for 50% of exports. The market is afraid of supply disruption, just like when the sanctions were implemented before, Indian buyers immediately suspended their purchases of Russian oil and turned to buy oil from the Middle East, and the spot price rose by 3% on the same day. In addition, US inventories have dropped by 960,000 barrels, and refinery operating rates have risen to 88.6%, indicating that "oil is used more than it is stored", and there will be no significant decline in the short term.
2.Long-term negative factors: Oil-producing countries "continuously increase production", and when it rises, it must be brought down.
OPEC+ will increase production by 137,000 barrels per day next week. This is the eighth consecutive increase. The cumulative increase is 2.5 million barrels per day, equivalent to the output of an additional small oil-producing country. More troublesome is that institutions predict that supply过剩 will reach 4 million barrels per day next year, equivalent to 4% of global demand. In the long term, oil prices will not rise at all, and may even fall to around 50 US dollars.
3.Market sentiment: "Retail investors are chasing the rise, while institutions are withdrawing their funds", the fluctuations will be significant.
Currently, 82% of traders are buying the rise, it looks very hot, but the long positions of institutions are decreasing - this is like "a group of people rushing forward, while the leader is quietly retreating". Reflected in the price is: when it hits above 62 US dollars, there are sell orders coming down, when it drops to 61, there are buy orders coming in, next week it is likely to swing back and forth between 60-63, it will not rise or fall in a single direction.
Crude Oil Trading Strategy for Next Week
usoil @buy 60.5-61.0
tp:62-62.5
SL:59.5
USOIL: Go long on pullbacksGeopolitical risks have dominated short-term market sentiment for crude oil. Investors' concerns about the supply side have overshadowed negative factors on the demand side, driving oil prices to rise consecutively. However, the weak global economy has dimmed the long-term demand outlook, limiting the extent of oil price increases, resulting in relatively complicated overall market sentiment.
From a technical indicator perspective, momentum indicators are showing positive signals, and the MACD is trending upward. This indicates that the bullish bias is strengthening, but a fully established uptrend has not yet formed.
Overall, technical indicators point to a certain bullish tendency, though it is also necessary to monitor the price performance at key resistance levels.
In the short term, focus on the resistance range of 63.5–64.5 on the upside and the support range of 60–61 on the downside. For intraday operations, the main strategy is to go long on pullbacks, with short positions on rebounds as a supplementary approach.
💎Trading Strategy:
Buy 61.8 SL 62.4 TP 61.1
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
US OIL SUPPORT, RESISTANCE & TRENDLINE ANALYSISMy final levels for the last day.
Go "LONG" if it breaks 62.18 and if it also breaks the trendline then can move up till 62.59 and breaking that might lead to 63.01.
Go "SHORT" if it breaks 61.77 along with the trendline leading to 61.35 and if it breaks that then aim for 60.94 and lastly if it breaks that as well by EOD then 60.46 should be our target.
Happy Weekend!!
USOIL: Waiting for price to react to 4h resistance
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
George Vann @ ZuperView
USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: short
Entry Level: 57.23
Target Level: 59.72
Stop Loss: 55.57
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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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Where Does the Short-Term Confidence for Going Long Come From?Geopolitical Conflicts "Continue to Drive Momentum" – Supply Worries Persist
The U.S. has just imposed sanctions on two major Russian oil giants, which account for 50% of Russia’s crude oil exports. This could mean a daily reduction of 1.5 million barrels in global supply, and the market is worried about "insufficient oil". A prime example: when Ukrainian forces attacked Russian refineries earlier, daily exports dropped by 1 million barrels, and oil prices rose 2% the same day. Now, such sanctions are still escalating, which will firmly support oil prices in the short term and prevent a sharp decline.
Demand Data Offers "Genuine" Positives – Strong Floor Support
U.S. crude oil inventories have decreased by 960,000 barrels, and refinery utilization rate has risen to 88.6% – this clearly shows "more oil is being consumed than produced", so the current price increase is not unfounded. Meanwhile, China’s refinery utilization rate has also climbed from 86% to 88%, and there is a requirement to ensure refined oil supply in the fourth quarter. This means demand for crude oil will only increase, not decrease, adding a "safety cushion" for long positions. Even if there is a short-term pullback, the decline will be very limited.
Crude Oil Trading Strategy for Today
usoil @buy 62.0-62.3
tp:62.5-62.8
sl:61.8
Can WTI’s 8% Rally Hold After Trump-Putin Summit Collapse?WTI just staged its biggest two-day rally since June, as hopes for a Trump-Putin summit were dashed, leading to new US sanctions on Russian oil exports.
Here’s what’s fuelling the move and what traders should watch next:
- US sanctions on Russia’s top oil producers after failed Budapest summit trigger supply fears and spike prices
- Trump escalates rhetoric to maintain leverage as Zelensky signs military deals with Sweden, raising geopolitical stakes
- WTI reclaims key $61 resistance, with daily RSI momentum signalling room to run and a possible cup & handle breakout toward $68
- Supply glitch fears (India, OPEC’s slow reaction) and technicals all support continued upside if the current environment holds
Watch for buy the dip signals, respect $61 support, and target the $65–68 channel top if current drivers persist.
Stay tuned!
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Bearish reversal off overlap resistance?WTI Oil (XTI/USD) is reacting off the pivot whic acts as an overlap resistance and could drop to the 50% Fibonacci support.
Pivot: 62.10
1st Support: 59.51
1st Resistance: 64.66
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Today's crude oil trading strategyDon't be intimidated by "mid-term supply pressure", as the risks are manageable when going long.
1. Geopolitical Conflicts "Keep Adding Fuel" – Supply Worries Persist
The U.S. has just escalated sanctions on Russia and imposed restrictions on Venezuela’s crude oil exports, which directly cuts off part of the global supply. For context: When Ukrainian forces attacked Russian ports earlier, Russia’s daily crude exports dropped by 2 million barrels, and oil prices jumped 3% in a single day. Now, sanctions like these will only make the market more anxious about "insufficient oil supply," which will keep prices supported in the short term.
2. Inventory Data Offers "Genuine" Positives – Demand Provides a Safety Net
U.S. crude oil inventories have fallen for two consecutive weeks, with a further drop of 1.8 million barrels in the latest week. This clearly shows "more oil is being used than produced" – the current price gains aren’t unfounded. Additionally, China’s refinery utilization rate has risen from 86% to 88%, and there’s a requirement to ensure refined oil supply in the fourth quarter. This means demand for crude oil will only increase, adding an extra "safety cushion" for long positions.
Crude Oil Trading Strategy for Today
usoil @buy60.80-61.0
tp:61.5-62
sl:60
USOIL – Short Setup Forming at 4H Supply ZoneAfter a strong bullish recovery from the $56.00 demand zone, WTI Crude Oil has now reached a key 4H supply area (61.80–62.60).
This zone aligns with previous structural resistance and an unmitigated imbalance, making it a potential reversal point.
The recent impulsive rally could now face profit-taking or seller re-entry, especially after such a sharp single-leg move.
📉 Technical Breakdown
Supply Zone: 61.80–62.60, aligning with a previous major breakdown area.
Liquidity Context: Price may have swept buy-side liquidity above short-term highs to fill the imbalance and tap into supply.
Momentum Shift: Bullish momentum appears to be slowing; watch for bearish rejection candles or break of minor structure to confirm entry.
Market Structure: The overall 4H structure remains bearish, so this move could be a retracement leg within a broader downtrend.
💡 Trade Plan
Entry Zone: 61.80 – 62.50 (inside 4H supply area)
Stop-Loss: Above 62.60 (structure invalidation)
Take-Profit Targets:
🎯 TP1: 59.00 (intraday support)
🎯 TP2: 56.00 (major demand zone)
🧠 Bias & Outlook
Bearish short-term, expecting rejection from 4H supply and potential continuation to the downside.
A clean break and close above 62.60 would invalidate this setup and suggest further bullish continuation.
🧩 Summary
WTI is testing a high-probability supply zone after an extended bullish impulse.
Signs of exhaustion and liquidity sweep hint at a potential short opportunity targeting 59.00–56.00.
Waiting for confirmation before entry provides the safest positioning.
Disclaimer:
This analysis is for educational purposes only — not financial advice. Trade at your own risk and confirm setups with your personal strategy.
Oil: Key Fibonacci Zone to watch forPrice has been in a clear downtrend, with sellers firmly in control, driving a series of lower lows and lower highs. However, after a strong bearish leg, momentum began to slow, candles started showing long wicks and smaller bodies, signaling that selling pressure might be fading.
If price continues upward, the $61.50 region becomes a crucial zone. A strong rejection from there would confirm that sellers are reloading for another push down.
In short, this is a Fibonacci retracement move within a broader downtrend.
Crude oil shows an optimistic upward trend📈The situation of crude oil is relatively optimistic, showing an upward trend, mainly affected by geopolitics and supply-demand relationships.
💡Geopolitical factors:
The United States has imposed sanctions on Russian oil companies, and the European Union's sanctions against Russia are also continuing. At the same time, the news that the United States intends to take military action against Venezuela has fermented, triggering market concerns about disruptions in crude oil supply and boosting oil prices.
💡Supply-demand factors:
On the one hand, OPEC announced at a new round of meetings that it would continue to increase production by 137,000 barrels, but the scale of production increase is relatively small, and the production increase capacity of some oil-producing countries is limited, which alleviates the pressure of oversupply. On the other hand, as of October 17th, the EIA crude oil inventory data decreased by 960,000 barrels, the gasoline inventory decreased by 21.05 million barrels per day, and the distillate oil inventory decreased by 1.48 million barrels per day. The decrease in inventory has provided some support for oil prices. However, the weakness of the global economy has made the long-term demand outlook bleak, which has suppressed the increase in oil prices to a certain extent.
💡Technical analysis:
From the daily line level, the daily K-line shows a trend of breaking below the previous low point and then recovering, and the weekly K-line forms a rising sun pattern, indicating that there is a possibility of continued rebound in prices in the short term. At the same time, the medium-term indicator MACD supports an upward trend, also indicating that the short-term trend is upward.
💎Trading Strategy:
Buy 60 SL 61.5 TP 59
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance






















