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Crude Oil WTI

Light Crude Oil Futures: Bulls vs. Bears – Big Moves ComingAlright, trading fam, let me set the scene. We’re sitting at $69.40 right now, and the market is coiling like a wave that’s either going to barrel or wipe out everyone trying to ride it. This is one of those setups that makes you lean in because, whichever way it goes, it’s going to be a ride. You ready? Bearish Path – Things Could Get Real Slippery If the price slips below $62.30, it could open up a steep drop to as low as $17.12. Yeah, that’s a long way down. It’s like paddling into the wrong break and realizing there’s no way out without eating sand. If the bears manage to break that key support, all bets are off. Think demand drops, rising inventories, or a stronger dollar that sends oil spiraling lower. Traders who’ve been short are already eyeing this level—if it breaks, they’ll be riding that wave all the way down. Bullish Path – Eyes on the Double Top But here’s the flip side: if the bulls show up and break through $89.10, we’re talking about a potential double top formation. And if that double top gives way? It’s all gas, no brakes, with $129.25 in sight. It’ll take some momentum to push through—maybe supply cuts or geopolitical tensions—but if the bulls catch that wave, it could be a smooth ride to higher levels. What’s the Move? Right now, it’s all about staying patient and reading the flow. If $62.30 holds, you know the bulls still have some fight in them. But if they lose that level, the bears are going to have a field day. On the other hand, if the bulls break through $89.10, it’s game on to higher highs. This is one of those trades where the chart is giving us clear levels, and now it’s just a matter of who takes the wheel. If this breakdown gave you some clarity, follow, share, and pass it along to anyone else riding these markets. Let’s keep an eye on these levels and catch the right wave when it comes. Mindbloome Trader
NYMEX:CL1!
by Mindbloome-Trading
USOIL Faces Resistance: Bearish Trend if Pivot Retest FailsUSOIL Technical analyze The price is currently below the pivot line at 71.78, indicating bearish sentiment. There is a possibility for a retest of the pivot area around 71.78 to 72.72. If the price fails to break and sustain above this area, it is likely to continue downward. If the retest confirms resistance at the pivot line, the price may move towards the support level around 68.79. A break below this level could further extend the bearish trend, targeting lower support zones. Best Direction: Bearish: If the retest fails and the price holds below 72.72, the direction favors a move toward lower support levels, beginning with 68.79. Bullish: If the price breaks and holds above 72.72, it may attempt to target higher levels, but this remains less likely under current conditions. The overall bias remains bearish unless the pivot area is decisively broken. Key levels: Pivot Line 70.90 Resistance lines: 71.78, 72.72, 74.20 Support Lines: 69.90, 68.80, 65.90 Trend Outlook: - Bearish while Under 70.95 and 71.78 - Bullish above 71.78
TVC:USOILShort
by SroshMayi
Crude Oil Mastery: Fib Levels, Blocks, & Money Flow MagicMy trading strategy for crude oil is based on a combination of Fibonacci levels, order block support, and money flow profile analysis. By using these tools, I aim to identify key areas of market strength and weakness, allowing for high-probability trade entries. The Fibonacci levels help pinpoint potential retracement zones, while order blocks provide insight into significant support and resistance levels. The money flow profile gives a clear view of liquidity and market participation, allowing me to track where large capital is moving in the market.
NYMEX:CL1!
by GlebalTrader
Crude Oil BearishCrude oil technical analysis Daily resistance 75, support 65 Four-hour resistance 71.8, support 68 Crude oil operation suggestions: From the current market analysis, continue to short near the upper 71.8 mark today, the upper pressure is near 75, the lower support is 69 and 65. The overall support within the day is to maintain the cycle of selling high and buying low in this range, and wait patiently for the key points to enter the market. SELL:71.8near BUY: 68near Technical analysis only provides trading direction!
GBEBROKERS:USOILShort
by ActuaryJ
1
RIG (Transocean) – Potential Reversal? Technical Overview • Current Trend: RIG has been in a clear downtrend since September 2023, as confirmed by Dr. Elder’s Triple Screen framework. However, recent technical signals suggest the trend is losing steam. • Weekly Timeframe: The MACD histogram is showing a bullish divergence, indicating that the momentum behind the price decline is weakening. Additionally, a falling wedge pattern has emerged on both the weekly and monthly charts—typically a reversal signal with strong bullish implications. Entry Strategy and Price Action Expectations • Daily Timeframe: We are closely monitoring the $3.90 level. If the price holds above this level, it is likely to form a double bottom on the daily chart. A breakout above the wedge could trigger significant upside momentum. Historically, similar corrections after bullish divergences on the weekly chart have produced gains of up to 90%. Market Context and Macro Factors Oil Market Influence: The price action in RIG correlates heavily with the broader oil market. With oil supply tightening due to OPEC+ cuts and geopolitical tensions (e.g., the Middle East conflict), the oil market could experience an upward cycle. These macro tailwinds may accelerate RIG’s recovery if confirmed by technical breakouts. Conclusi on If the $3.90 support level holds, and the double bottom forms as expected, RIG has the potential to align with the broader bullish trend on the weekly chart. With a falling wedge pattern and bullish divergence supporting the reversal narrative, this could mark the beginning of a new uptrend. Potential Trade Setup: Entry: Above $4.00 for confirmation of the breakout. Target: 90%+ upside potential based on historical patterns. Stop Loss: Below $3.80 to minimize risk. This setup offers a high-probability trade, provided the technical signals align with favorable market conditions. Monitor daily for confirmation and adjust your risk accordingly. NYSE:RIG Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
NYSE:RIGLong
by NORD25
3
WTI CRUDE OIL: Price is bottoming. Excellent long trade.WTI Crude Oil is borderline neutral on its 1D technical outlook (RSI = 45.282, MACD = 0.240, ADX = 34.094) as it is consolidating just over the HL trendline and under the 4H MA200. This consolidation so close to a Support is technically a bottoming process. January-February 2023 exhibited similar behavior that caused the price to rebound towards the R1 level again. The patterns are so far very similar, so we expect the price action to complete the sequence by rising again towards the R1. Aim just under it (TP = 76.50) to lower the risk. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
3
WTI OIL Strong buy signal on the 0.618 FibWTI Oil (USOIL) gave us the best of sell signals on our last analysis (October 08, see chart below) as the 1D MA200 (orange trend-line) initiated a strong decline that hit our 72.50 Target: The decline broke below the 1D MA50 (blue trend-line) and even reached yesterday the 0.618 Fibonacci retracement level, which on the similar Channel Up fractal of early 2024 was the level where the Higher Low was priced, bottomed and started the next Bullish Leg. The presence of the Lower Highs trend-line since the September 28 2023 High however, doesn't give us much upside room for a great rally, so we will turn bullish again but only for the short-term, targeting 78.50. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
5
Oil Oversold? Middle East Risks Remain Oil Oversold? Middle East Risks Remain Oil prices are cooling off as concerns over the nature and scale of Israel’s retaliation to Iran become known. Israeli Prime Minister Benjamin Netanyahu has indicated to the Biden administration that they will be targeting military rather than oil nor nuclear facilities. Israel could be keeping oil-related targets as a last resort, depending on how Iran responds to any military strikes. Iran accounts for around 4% of global oil production. However, Iran’s production isn’t the only worry. Broader concerns over regional stability, particularly involving the Strait of Hormuz, should continue to weigh heavily on energy markets. Roughly 20% of the world’s oil, and 20% of liquefied natural gas (LNG), passes through the strait that is bordered by Iran, the United Arab Emirates, and Oman. If the price fails to hold the $70 support, WTI could slide toward the next support zone of at $66.90, the low from October, and $65.50, a level not seen since September.
BLACKBULL:WTI
by BlackBull_Markets
USOIL: Bullish Fundamentals and 61.60% Probability for LongsKey Fundamentals - Decreased OPEC Exports: Recent reports indicate a decline in crude oil exports from OPEC and Russia, tightening the market as refinery runs ramp up for seasonal demand. This reduction in supply is likely to exert upward pressure on prices2. - Geopolitical Tensions: Ongoing geopolitical risks, particularly in the Middle East and Ukraine, continue to add a risk premium to oil prices. Traders are increasingly factoring these uncertainties into their market strategies2. - Rising Demand: With the U.S. economy showing signs of recovery and better-than-expected market fundamentals, demand for oil is anticipated to rise, further supporting higher prices12. - Technical Indicators: Current market sentiment shows USOIL trading above its pivot point of $74.80, with support levels around $74.00. The Relative Strength Index (RSI) is at 56.16, indicating a healthy trend without being overbought1. I'm employing a probability-based strategy to position myself for long trades in USOIL. By incorporating these fundamentals and probability analysis into my trading approach, I aim to leverage the current bullish sentiment in USOIL effectively. 12M: 2W: Hourly TFs:
TVC:USOILLong
by Jasminex1x2
Why Accumulation Signals a Bullish Future for USOILH ello, Per the green dotted lines, large players seem to accumulate USOIL. The rising volume data on the bottom chart backs this claim. The price action resolves within a falling channel. This kind of channel usually breaks upwards. The combination of the bullish channel and the accumulative sentiment signals a bullish future for USOIL. The same approach was profitable in 2022 and formed a successful trade until July 2022. Unless USOIL breaks the green support zone downward, I expect a bullish outcome in the upcoming long position. Regards, Ely
TVC:USOILLong
by Elysian_Mind
USOIL "WTI crude oil" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USOIL "WTI crude oil" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FX:USOILLong
by Thief_Trader
Crude Oil (CL1!): Why We’re Still Expecting Lower LowsAt the end of last week, we fine-tuned our Crude Oil outlook, and we are still expecting lower lows to take out the sell-side liquidity below. Our limit order at $63.23 remains valid, even after last week’s pump, which was driven primarily by rising tensions and the ongoing war in the Middle East. Oil gained 13% over five sessions following Iran’s attack, as traders feared Israel’s response might target Iran’s oil infrastructure, potentially cutting into the country’s 1.7 million barrels per day of exports. There are also concerns that a broader war in the oil-rich Persian Gulf could threaten nearly a third of global oil output. However, the geopolitical risk premium may be fading due to Israel’s delayed response. The geopolitical risk premium has an unclear and unpredictable expiration. When that moment comes and is not supported by real, fundamental factors—such as a substantial supply shortage due to the conflict—the upward movement in oil prices will not be sustainable. The longer this takes, the more the price increase will slow and potentially reverse, which is exactly what we are starting to see in the chart. While Crude Oil respected the 61.8% Fibonacci level almost perfectly, it found stronger resistance at the POC just above that level. Given the bearish RSI divergence, we continue to expect Oil to move lower, provided the conflict in the Middle East does not escalate further.
NYMEX:CL1!Long
by freeguy_by_wmc