CFDs on WTI Crude Oil
62.01USD / BLLR
−0.58−0.93%
As of today at 09:01 GMT
USD / BLL
No trades
USOIL trade ideas
WTI Crude key support zone at 6553The WTI Crude Oil remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 6553 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 6553 would confirm ongoing upside momentum, with potential targets at:
6850 – initial resistance
6950 – psychological and structural level
7090 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 6553 would weaken the bullish outlook and suggest deeper downside risk toward:
6400 – minor support
6310 – stronger support and potential demand zone
Outlook:
Neutral bias remains intact while the WTI trades around pivotal 6553 level. A sustained break below or above this level could shift momentum.
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.
WTI Crude Oil – Range Support in FocusWe're waiting for price to reach the bottom of the range, and with a solid buy signal, we’ll consider going long.
However, since this level has been tested multiple times, it’s highly vulnerable to stop fishing — so caution is key.
As always, we’re ready for all scenarios:
If price breaks below, we’ll wait for a pullback to enter short.
But right now, we’re watching the range support for potential longs
CRUDE OIL Bullish Bias! Buy!
Hello,Traders!
CRUDE OIL keeps falling down
And the price will soon hit
A horizontal support of 64.00$
From where we will be
Expecting a local bullish rebound
Buy!
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USOIL Bulls Seize a New OpportunityThe EIA crude oil inventory data is scheduled for release today and is expected to have a significant impact on USOIL prices. Based on the previously released API report, there’s a high probability that the EIA data will also be bullish.
From a technical perspective, USOIL is currently showing signs of a potential rebound. Therefore, for traders participating in USOIL today, it may be more favorable to adopt a bullish bias. If managed well around key support levels and timing, the setup could offer attractive profit opportunities.
Oil short: breakdown from triangle againThis idea is backed by my general view that the stock market is going to crash in August. what this means is that we are going into a risk-off environment and there will be reduced consumption and demand for oil too.
Technically, I pointed out 4 things in this chart:
1. Descending triangles
2. Lower highs
3. 3rd breakdown (after a false break to the upside)
4. A corrective wave structure
Good luck!
USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 66.22
Target Level: 69.94
Stop Loss: 63.73
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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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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.
Crude oil needs to open a short positionWe remain bearish on crude oil today. With the start of new contract delivery, crude oil is still weak. We would consider continuing to short it on a rebound. There are no bullish signals for crude oil, with no fundamental or technical support. If it breaks below 60.00, it will plummet again. Consider shorting it on a rebound near 63.00 today.
USOIL: Long Signal Explained
USOIL
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry Level - 63.13
Sl - 62.89
Tp - 63.56
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 63.09
Target Level: 68.58
Stop Loss: 59.42
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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✅
USOIL H4 | Bearish reversal off pullback resistanceBased on the H4 chart analysis, we could see the price rise to the sell entry, which is pullback resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to the take profit.
Sell entry is at 63.82, which is a pullback resistance that is slightly above the 23.6% Fibonacci retracement.
Stop loss is at 66.33, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Take profit is at 60.05, which is a multi swing low support.
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CRUDE OIL Short From Resistance! Sell!
Hello,Traders!
CRUDE OIL is making a
Pullback and will soon hit
A horizontal resistance
Of 64.50$ and as we are
Bearish biased and we will
Be expecting a local
Bearish pullback
Sell!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Heading into 38.2% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this levl ot our take profit.
Entry: 65.51
Why we like it:
There is a pullback resistance that lines up with the 38.25 Fibonacci retracement.
Stop loss: 67.41
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 62.69
Why we like it:
There is a pullback support.
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WTI Crude downtrend 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.