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WTI Light Crude OilWTI Light Crude OilWTI Light Crude Oil

WTI Light Crude Oil

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WTI trade ideas

Buy WTI crude - Very good entry point and High margin of safety The current buy zone for US crude oil (WTI) is approximately between $61.50 and $63.00 per barrel. Key support levels are identified around $62.03 and $61.30, with a stop loss recommended below $59.20. Technical indicators such as moving averages and the Parabolic SAR suggest a bullish trend as the price is trading above the 50-day SMA and 200-day EMA. Analysts expect moderate volatility but overall a favorable setup for buying in this price range, targeting higher levels around $70 and above
BLACKBULL:WTILong
by optionpro11
WTI OIL Buy signal if the 4H MA50 breaks.WTI Oil (USOIL) appears to have found short-term Support since the August 13 Low, turning sideways, with its 4H RSI however on Higher Lows, thus displaying a Bullish Divergence. This is similar to the June 24 - July 02 Bullish Divergence, which once it broke above the 4H MA50 (blue trend-line), it topped a little over the 0.382 Fibonacci retracement level. As a result, we will be waiting for the 4H MA50 bullish break-out signal to target $65.60 (Fib 0.382). ------------------------------------------------------------------------------- ** 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
WTI Crude sideways consolidation capped at 6600The 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
Crude Oil Analysis (WTI / USOIL):Currently, oil is trading near the $62.20 level, with the overall trend still bearish but showing signs of a potential rebound. 🔻 Bearish Scenario: If price breaks below $61.80 and holds, it may target $61.00. Continued selling pressure could push it further toward the strong support area at $60.00, which is considered a potential rebound zone. 🔺 Bullish Scenario: If price manages to break above $62.60 and hold, it could rise toward $63.00, with the potential to retest the $64.30 area.
TVC:USOIL
by Fadi_radar
USOIL Will Move Lower! Sell! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 62.604. The above observations make me that the market will inevitably achieve 60.001 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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 subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
Oil Prices Drop on Russia-Ukraine Talks HopeOil prices decline in anticipation of potential negotiations between Russia and Ukraine U.S. President Donald Trump announced plans to facilitate a meeting between Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin, following his Monday summit with Zelenskiy and European leaders. Zelenskiy called the talks with Trump “very productive,” highlighting discussions on U.S. security assurances for Ukraine. A resolution to the Russia-Ukraine conflict could lift sanctions on Russian energy exports, freeing up crude oil trade. Oil prices have dropped around 10% this month due to trade tensions and increased OPEC+ production. Technically the price consolidates below the intermediate 6,300.00, forming the bearish pennant. Price is getting ready to decline. Here, the first target will be the major level of 6,000.00.
FOREXCOM:USOILShort
by ProfessorSingapore
WTI Holds 62 Support Ahead of Washington TalksFriday’s meeting in Alaska set the stage for a potential shift in U.S.–Russia relations. Putin’s terms, discussed privately, are expected to be presented today in Washington during talks between Trump, Zelensky, and EU allies toward a possible ceasefire. WTI’s latest drop is currently holding at the 0.618 Fibonacci retracement of the May–June uptrend, and precisely at the neckline of the inverted head and shoulders pattern around the $62 level. The Fibonacci retracement was applied from the $55 low to the $77.80 close, filtering out breakout noise beyond the upper border of the 3-year down trending channel. • If 62 breaks, downside risks may accelerate toward the mid-zone of the channel, with key levels in sight at 61.40, 59.40, and 55.20, respectively. • If 62.60 holds, and WTI reclaims ground above 65, we could see a recovery toward the upper edge with next resistance levels at 68.00, 70.00, 71.40, and 72.70. Written by Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
Crude Oil under pressure, bulls watch $60Oil prices edged higher as markets focused on Trump’s meeting with Zelenskiy, where the U.S. president is pressuring Ukraine to strike a peace deal with Russia that could involve ceding territory. European leaders are joining the talks, but U.S. officials stressed a settlement is still far off despite some progress. Trump has hinted at security guarantees and threatened new measures against Russia and its oil buyers if no ceasefire is reached, though he is delaying further tariffs on China. India has already been hit with penalties for purchasing Russian crude. Overall, the uncertainty around peace negotiations, trade tensions, and OPEC+ supply increases has kept oil trading range-bound, with futures still down over 10% this year. On the technical side, the price of crude oil is currently testing the low of early June. The Stochastic oscillator has been in extreme oversold levels for almost two consecutive weeks and could possibly hint at a bullish correction in the upcoming sessions. Despite the medium-term bearish image on the daily chart, the moving averages are still validating an overall bullish trend in the market. If the current bearish momentum projects further, then the first area of major technical support could be found around the $60, which is made up of the psychological support of the round number, the 78.6% of the weekly Fibonacci retracement level, and the lower band of the Bollinger Bands. Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
TVC:USOIL
by antreas_themistokleous_exness