USOIL - Important Breakout !Hello Traders !
The USOIL failed to break the support level (56.047 - 55.102).
Currently, The lower high is broken (Change of Character).
So, I expect a bullish move🚀
________________
TARGET: 63.500🎯
USOUSD trade ideas
OIL Looks Poised to Rise to $63 OIL Looks Poised to Rise to $63
According to a prestigious news agency, oil prices rose slightly, after rising by about 3% in the previous session, while trade tensions between major oil consumers, the US and China, showed signs of easing and Britain announced an “exceptional” trade deal with the United States.
--------------------------------------------------------------------------------------
The truth is that this is a huge misinformation because no one mentioned the growing conflict in the Middle East this week. On the one hand, we have Israel, which has struck Yemen and is claiming to resume its operation in Gaza.
On the other, India and Pakistan are engaged in their worst conflict in two decades, with reports of warplanes being shot down.
The growing conflicts could push oil prices even higher, driven by fear of uncertainty.
---------------------------------------------------------------------------------------------
From a technical point of view oil just broke out from a strong structure zone today. If the price holds above the zone I labeled on the chart near $60 we should see OIL price rising near to the next zone $61.8 and 63 - 63.20
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USOIL: Oscillating and Declining within the RangeFor USOIL, its short-term trend has rebounded after hitting the bottom again. The oil price has repeatedly crossed the moving average system, and its objective short-term trend is in a sideways oscillation. Overall, it has formed a wide fluctuating range in its rhythm. In the early trading session, the oil price oscillated above the range, showing signs of insufficient upward momentum. It is expected that the intraday trend of crude oil will mainly fluctuate within the range.
USOIL
sell:60.5-61.5
tp:59.5-58.5
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
The price has a strong bearish momentum, could it drop further?WTI Oil (XTI/USD) is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support, which is a pullback support.
Pivot: 65.43
1st Support: 55.63
1st Resistance: 71.37
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US-Oil will further push upside After Testing TrendlineAt present, the price of crude oil is above the key technical level, and the geopolitical sentiment has also become more favorable, so the short-term outlook for crude oil is bullish. If the upcoming Sino-US meeting leads to a relaxation of trade tensions, the upward momentum is likely to accelerate. Unless OPEC+ unexpectedly increases the supply, the target for the next few trading days may be set at $63 and higher. Crude oil opened lower this week and then rebounded. The weekly candlestick closed as a large positive candlestick, approaching the resistance of the 5-week moving average. On the daily chart, after the second pullback, the price rebounded upwards without breaking the low point. $64.80 is a key watershed. Below this level, there is still a possibility of a bearish trend. In the short term, the trend is bullish. Overall, it is expected to rise first and then fall next week. Pay attention to the resistance at $63.50 and go short, and set the stop-loss with the position of $64.80 for a bearish outlook.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
WTI - Technical Setup Points to April HighsThe US Light Crude chart is displaying promising bullish momentum after establishing a significant double bottom at the $56 support zone. Following a sharp recovery from recent lows, the price has broken above key resistance levels and is currently trading around $61,27 with the green arrow indicating potential continuation to the upside. Technical patterns suggest there is a higher probability that crude oil prices will extend this rally toward the local top formed on April 23rd near $65, completing a broader recovery pattern. With strengthening momentum indicators and improved market sentiment, this upward move appears well-supported, especially if crude can maintain position above the current consolidation range and continue forming higher lows on the daily timeframe.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USOIL What Next? SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 60.99
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 58.63
My Stop Loss - 62.11
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
USOIL GROWTH AHEAD|LONG|
✅CRUDE OIL made a bullish
Breakout of the key horizontal
Level around 60.00$ and the
Breakout is confirmed so we
Are bullish biased and we
Will be expecting a further
Bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US-Oil will further push upside After Testing TrendlineHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
WTI on high time frame
"Hello traders, focusing on WTI, the price is currently at a critical level of $62.
Candle formations on high time frames indicate a higher probability of the price declining to $53.
Given the influence of political and geopolitical news, there may be increased volatility in the price. This analysis will be updated accordingly."
If you have any more details to add or need further assistance, please feel free to let me know!
USOIL: Target Is Up! Long!
My dear friends,
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 60.99 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
CRUDE OIL Bullish Breakout! Buy!
Hello,Traders!
CRUDE OIL is making a bullish
Correction from the lows and
The price made a bullish
Breakout of the key horizontal
Level of 60.10$ then made a
Retest and a rebound so we
Are bullish biased and we will
Be expecting a further bullish
Continuation on Monday
Buy!
Comment and subscribe to help us grow!
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.
USOIL: Expecting Bearish Movement! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USOIL pair price action which suggests a high likelihood of a coming move down.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
WTI crude (USOUSD) short continuation .. the week of 12 MayWill price retest the support/resistance zone one more time? That is what I am hoping for. Note that we have been seeing consistently lower highs. Price then broke below the zone, did one retest already and seems to be trying to retest it once again. I am looking for price to enter the zone and then give me some bearish evidence.
Stop – above the zone
1st target can be at 57.00 with the possibility to take this down to 52.00
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more.
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Oil Price Decline Using the Shark Harmonic PatternBased on the Shark Harmonic pattern, there’s a potential for a decline in oil prices. Traders and analysts, stay alert for market shifts and adjust strategies accordingly.
The Shark harmonic pattern offers a structured approach to identifying potential price reversals in the oil market. By analyzing Fibonacci ratios and price movements, traders can assess the probability of a decline in oil prices and position themselves accordingly.
However, as with any technical tool, it is crucial to use the Shark pattern as part of a broader analysis framework to account for market complexities and external influences.
Oil Analysis: WTI Approaches the $60 Level AgainOver the past two trading sessions, oil has gained more than 4.5%, and is once again approaching the psychological barrier of $60 per barrel. This recent bullish movement persists despite OPEC+’s clear stance on increasing supply in June and the International Energy Agency’s (IEA) cautious outlook on global oil demand for the remainder of the year. As such, it appears that oil prices are currently benefiting from improving market sentiment, particularly as investors await the outcome of the upcoming U.S.–China trade negotiations.
Persistent Bearish Trend
Since mid-January, oil has maintained a steady downtrend, and so far, minor bullish retracements have not been strong enough to signal a meaningful reversal. Therefore, this downward technical formation remains the dominant structure to monitor in upcoming trading sessions.
RSI
The Relative Strength Index (RSI) continues to hover around the 50 level, indicating a sustained balance between bullish and bearish momentum. As long as this equilibrium remains, a neutral bias could dominate short-term price movements.
ADX
The Average Directional Index (ADX) remains close to the 40 mark, though the line has recently begun to flatten. This could be interpreted as a sign of weakening trend strength in the short term, likely due to the price currently testing a significant resistance zone.
Key Levels to Watch:
$60 – Nearby resistance: A short-term psychological level. A break above this zone could reactivate a bullish bias and potentially lead to the formation of a new short-term uptrend.
$63 – Main resistance: Aligned with the 50-period moving average. Sustained price action above this level could challenge the prevailing long-term bearish structure.
$57 – Nearby support: A zone that matches recent multi-week lows. A drop below this level could reinforce bearish momentum and provide more room for the current downtrend to extend.
Written by Julian Pineda, CFA – Market Analyst
WTI Wave Analysis – 9 May 2025
- WTI reversed from support area
- Likely to rise to resistance level 62.00
WTI crude oil recently reversed up from the strong support area between the support level 54.90 (which stopped wave 3 at the start of April) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous impulse waves 5 and (3).
WTI crude oil can be expected to rise to the next resistance level 62.00 (former minor support from the middle of April).
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.08
Target Level: 55.63
Stop Loss: 64.68
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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✅
USOILOPEC+ decisions have a significant and multifaceted impact on oil prices in the near future:
Short-Term Impact
Supply Increases Lead to Price Drops:
Recently, OPEC+ agreed to increase oil production by about 411,000 barrels per day in May 2025, with plans to accelerate output hikes further in June and beyond, potentially adding up to 2.2 million barrels per day by November. This surge in supply amid weakening global demand, especially due to escalating U.S.-China trade tensions, has already caused oil prices to plunge to multi-year lows
Market Surplus Pressure:
The increased production is expected to exacerbate an existing surplus, putting downward pressure on prices in the near term unless demand recovers.
Medium to Long-Term Impact
Market Stability Through Gradual Adjustments:
OPEC+’s cautious, phased approach to increasing production aims to reduce volatility and stabilize the market over time. By managing supply carefully, OPEC+ attempts to balance between preventing sharp price drops and avoiding excessive shortages.
Dependence on Global Demand Trajectory:
The effectiveness of OPEC+’s strategy heavily depends on global demand, which faces headwinds from the energy transition toward renewables and climate policies like the Paris Accord. If demand declines faster than expected, OPEC+ may need to adjust production cuts or increases accordingly.
Geopolitical and Strategic Considerations:
OPEC+ decisions also have geopolitical implications, influencing relations between member states and global powers. For example, Saudi Arabia’s recent moves to discipline overproducing members like Iraq and Kazakhstan reflect internal dynamics that affect production policies. Additionally, OPEC+ output decisions are intertwined with U.S.-Saudi relations and broader energy security considerations.
Market Reaction Dynamics
Volatility Around Announcements:
OPEC+ meetings typically trigger immediate price volatility, with oil prices moving 3-7% depending on the size of production adjustments and market expectations.
Trading Algorithms and Futures Positioning:
Automated trading and futures market positioning amplify price swings around OPEC+ announcements.
Hedging and Seasonal Effects:
Consumer industries adjust hedging strategies based on OPEC+ signals, and seasonal demand (e.g., summer driving season) also influences price sensitivity
In essence:
OPEC+’s near-future decisions to accelerate oil output hikes are currently driving prices lower by increasing supply amid fragile demand. However, their gradual and flexible approach aims to stabilize the market over time. The ultimate impact on prices will depend on how global demand evolves, geopolitical dynamics within OPEC+, and the broader energy transition.
