WTI OIL Recent fractal calls for a buy towards $70.50.WTI Oil (USOIL) is on the 3rd straight green 1D candle following a Double Bottom bounce on the 61.50 Support. At the same time the 1D RSI formed Higher Lows, which is a Bullish Divergence.
The same set of conditions emerged on the May 05 bottom rebound, which resulted into initially a 1D MA50 (blue trend-line) test and then a Resistance 2 contact.
As a result, we expect this rise to continue, targeting $70.50.
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WTI trade ideas
USOIL Trade Setup📢 NFX Trade Alert – Swing Setup
💹 Instrument: FX:USOIL Crude Oil (WTI-USD)
🛒 Trade Type: Swing – Sell at Market
📍 Entry: $63.50
⛔ Stop Loss: $64.00
✅ Target Profit: $60.50
Analysis:
Crude Oil turned bearish after failing to hold above the $64.00 resistance. The latest EIA Crude Oil Inventories report (Sep 10, 2025) showed a +3.939M build versus a forecasted -1.900M draw and a previous +2.415M, signaling weaker demand and oversupply pressures.
This aligns with the current technical setup: lower highs forming and supply pressure weighing on price action. A rejection around $63.50 opens room for continuation to the $60.50 support zone. Risk remains tight with a stop above $64.00, maintaining a favorable risk-to-reward profile.
Oil near $63 as Middle East tensions and tariff risks drive gainOil near $63 as Middle East tensions and tariff risks drive gains
WTI crude traded around $63 August 10, marking a third day of gains as Middle East tensions escalated after Israel struck Hamas leadership in Qatar. The move adds to years of regional operations and heightens supply concerns, supported by OPEC+’s smaller October output hike.
Meanwhile, U.S. President Trump urged the EU to impose 100% tariffs on Chinese and Indian goods to pressure Russia, with Washington ready to match. U.S. crude inventories rose 1.25M barrels, tempering the rally. Global stocks gained and the dollar steadied ahead of key U.S. inflation data, while gold held near record highs.
Market Analysis: WTI Crude Oil StrugglesMarket Analysis: WTI Crude Oil Struggles
Crude oil is showing bearish signs and might decline below $62.25.
Important Takeaways for WTI Crude Oil Price Analysis Today
- Crude oil price failed to clear the $65.60 region and started a fresh decline.
- There is a short-term bullish trend line forming with support at $62.25 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 $65.60 against the US Dollar. The price started a fresh decline below $64.60.
The bears gained strength and pushed the price below $62.00. Finally, the price tested $61.20 and recently started a recovery wave. There was a move above $62.00, the 50-hour simple moving average, and the 23.6% Fib retracement level of the downward move from the $65.63 swing high to the $61.23 low.
The bears are now active near $63.00. If there is a fresh increase, the price could face a barrier near $63.05. The first major resistance is near the 50% Fib retracement at $63.40. The next stop for the bulls could be near $64.60. Any more gains might send the price toward $65.60.
Conversely, the price might start another decline and test a short-term bullish trend line with support at $62.25 and the 50-hour simple moving average.
The next major support on the WTI crude oil chart is $61.20. If there is a downside break, the price might decline toward $60.50. Any more losses may perhaps open the doors for a move toward $60.00.
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.
WTI Crude Oil resistance at 6540The 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 6540, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6540 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6070 and 6000 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6540 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6650, then 6830.
Conclusion:
The short-term outlook remains bearish unless WTI Crude breaks and holds above 6540. 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 SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.28
Target Level: 61.46
Stop Loss: 64.49
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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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Range formationAs we analyzed yesterday and mentioned, the price was likely to form a range, and now this range has been activated. We need to wait and see whether the price breaks the range from the top or from the bottom. My personal opinion is that the probability of an upside breakout is higher due to the current conditions.
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.
Complicated situation in the Middle EastThe downtrend in oil is quite clear to everyone, and naturally, oil prices are heavily dependent on war and insecurity news in the region. If the Middle East were in a normal state, oil prices should have been much lower. However, despite the ongoing downtrend, I don’t think it will drop below \$61. We might see a range forming, and there’s also a chance that a single piece of news could reverse the trend.
USOIL latest trend analysis and operation layout#USOIL
Crude oil continued to rebound in the European session, but the short-term 4H moving average was still pressing downward, and it was obvious that the short-selling momentum had not completely subsided. The overall trading rhythm is mainly based on rebound shorting. The short-term upper resistance level is 63.5-64.5. If it fails to break through effectively, crude oil will usher in a retracement, with the target looking at 62.5-61.5
🚀 SELL 63.5-64.5
🚀 TP 62.5-61.5
Crude Outlook: sideways moves possible as volatility persistsOil prices ticked higher after OPEC+ approved a modest production increase, reversing earlier cuts and signaling a shift toward market share over price support. While the hike was smaller than in previous months, questions remain over whether members can deliver the extra supply, with some facing limits on output. Geopolitics and China’s stockpiling provide temporary support, but traders are watching inventory data and compliance closely as oversupply risks point to renewed volatility ahead.
On the technical side, the price of crude oil has found sufficient support around the $62 area, which has been a price reaction area since mid-August. The moving averages crossed last week, validating the bearish shift in the market, while the Bollinger bands are still quite expanded, showing that there is volatility to support any significant moves in the short term. The Stochastic oscillator seems to be rebounding from the extreme oversold levels, hinting that the recent sideways movement can project to the upcoming sessions if no major catalyst takes place.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
04-09-2025 USOILAs shown in the figure: 4H Bullish Cypher
The market is not always chaotic and disorderly, and there is a precise geometric beauty hidden in price fluctuations. The harmonic form long strategy is a powerful tool for accurately identifying potential market reversal points based on the Fibonacci ratio. When the form forms perfectly at the key support level, it often indicates the depletion of bearish momentum and the initiation of bullish trends.
OILUSD – Demand Zone Reaction (4H Analysis)Price has been moving in a bearish trend, forming lower highs and lower lows. Recently, it tapped into a strong demand zone (blue box) and is now showing signs of a bullish reaction.
🔎 Key Points:
Price reacted strongly from the demand zone.
A trendline break is visible, suggesting bearish momentum is weakening.
Stop loss is placed below the demand zone (61.36).
Take profit is set at the next supply zone / resistance around 66.05.
💡 If buyers hold this level, we may see a strong push toward 66.05. But if demand fails, price could revisit lower levels.
USOIL LOCAL SHORT|
✅CRUDE OIL is going up to retest
A horizontal resistance of 63.00$
And as OIL is in the downtrend
I am locally bearish biased
So I think that we will see a pullback
And a move down from the level
Towards the target below at 62.20$
SHORT🔥
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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.
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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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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Potential bearish drop?WTI Oil (XTI/USD) has rejected off the pivot, which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 65.81
1st Support: 57.80
1st Resistance: 68.85
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