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WTI Crude Oil CashWW

WTI Crude Oil Cash

74.818USDR
−1.768−2.31%
As of today at 01:59 GMT
USD
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USOUSD trade ideas

USOIL CAUTION! BREAK - TEST - GO!This is my new updated chart of Oil. Trump's "Drill baby Drill" interfering with the free market is the absolute worst thing he could do. His ridiculous tariffs will put us in an economic depression! Oil prices are driven by demand! As I have mentioned here on TV so many times before! Increasing supply while heading into a recession is the dumbest thing possible! You never want to consume your own oil when you can consume others first! Simultaneously, F your own nation's oil company's profit margins and gov tax revenue! This is why we shouldn't put toddlers as POTUS! Anyway!!! This is a break test go! setup! If you haven't seen it before, here is an example I recently posted with AAPL. Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets too. ))
TVC:USOILShort
by RealMacro
2
USOIL trading alerts. Pressure and support.Oil also fell according to instructions. I just forgot to remind you. Sorry, but the profit is quite good. Sell short from 58.7. Then the lowest reached 56.34 But today in the New York market, USOIL rose again above 58. From a fundamental perspective. The market will continue to fall under pressure. But from the trend, we need to pay attention to the support of 58. If it does not fall today, it is likely to continue to fall based on Friday's trend. The pressure level near 59 needs to be paid attention to. In terms of operation, it is still mainly selling at high levels. Always remind trading risks. So don't ignore this. If you don't know how to trade. Remember to wait and see. Don't trade blindly or gamble. Many investor friends know that I have led some investors to create good profits for several consecutive days. If you don't know how to trade, remember to leave me a message and try it. Maybe your profit will double.
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by Band_analysis
Oil is Doomed: Time to SELL (Part 1/3)A Perfect Storm for Oil Has Begun The start of April triggered a brutal selloff in oil, and it's only the beginning. Here’s why: 🛑 Global Trade Wars On April 2nd, Trump launched a full-scale trade war. New tariffs could reach 23% — the highest in a century. China, the world’s largest oil importer, now faces 145% tariffs. Global trade slowdown = weaker demand for oil. Result? Oil dropped 10% in just 2 days — one of the worst drops in history. 📉 US at Risk Too Goldman Sachs raised recession odds from 15% to 35%. Atlanta FED sees weakening GDP. The whole world slows down — and so does oil demand. 🛢️ OPEC Surprise Output Hike OPEC+ has started increasing output — over 2.2 million barrels per day in 2025. The April hike alone was supposed to be 138,000 bpd, but turned out to be 411,000 bpd — triple the forecast. This is a MAJOR bearish shock to the market. Flashback: Spring 2020 — OPEC raised output during an economic crisis. Oil dropped 65% .
BShort
by KenJi_Indicator_2
USOIL... 1D CHART PATTERNHere's my USOIL (WTI Crude) trade setup. - *Trade Type:* Sell - *Entry Price:* 57.74 - *Stop Loss (SL):* 65.54 - *Take Profit (TP):* 51.40 *Quick Risk/Reward Analysis:* - *Risk:* 65.54 - 57.74 = *7.80* - *Reward:* 57.74 - 51.40 = *6.34* - *Risk/Reward Ratio:* 6.34 / 7.80 ≈ *0.81* *Comment:* This setup has a risk greater than the potential reward, which is not ideal. A better trade usually has a risk/reward ratio of at least 1:1, preferably 1:2 or more. You might consider adjusting your TP or SL, or confirming the direction with technical/fundamental analysis.
TShort
by Money_Magnet5
Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future. Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54. The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market. Please DYODD
TShort
by dchua1969
USOIL – Key Levels in Play. Here's What I'm WatchingAfter rejecting the 65.27 resistance, USOIL sold off sharply, dropping to the 59.5 support zone — just as anticipated. This confirms that the market is still respecting key support and resistance levels and trend lines. Current Scenario: Price is sitting around 59.5. If this support holds, we could see a corrective move (buy) back to the 62 region. But that zone is now a strong area of interest — previously a broken support, now likely to act as resistance. Here’s my game plan: – If price pulls back to 62 and fails to break above, I’ll be watching for a sell setup targeting the 57 or even 55 area. – If price breaks and holds above 62 with momentum, then I’ll re-evaluate for possible upside continuation. – Right now, a short-term buy from 59.5 to 62 is valid, but it's riskier. The safer bias remains to the downside until 62 is broken cleanly. So, while buyers might attempt something from current levels, the dominant trend and structure still favor the sellers — especially below 62.
TLong
by clementoyinlola
Short on Oil/Back to 57$ SOONI believe we can continue the retest of previous major support level at 65-66$ and fibonacci 0.618. This major support will be flipped to resistance in my opinion. We can see a significant sell-off back towards the 57$ area and below from this location. I will be looking to enter a short trade from the 0.618 region/66$ if there is a rejection. My mid-term/end-of-year prediction for US OIL is between 45-50$ and possibly lower. If you believe in the fundamentals and idea of this setup, feel free to follow and use it. Not financial advice.
TShort
by SuperiorJG
1
WTI Crude Oil selling pressure below 6200The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level. Key Resistance Level: 6200 This level marks a previous intraday consolidation area and could act as a ceiling for the current rally. Bearish Scenario: If WTI fails to break above 6200, it may resume its decline toward: 5860 (near-term support) 5713 5550 (longer-term support) Bullish Scenario: A confirmed breakout and daily close above 6200 would shift momentum and open upside targets at: 6375 6533 6700 Conclusion: WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6200. Traders should monitor this level closely for signs of rejection or breakout. 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.
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by TradeNation
Oil : April Could Be the Worst Month in Three and a Half YearsOil Prices: April Could Be the Worst Month in Three and a Half Years As the XTI/USD chart shows: → at the beginning of April, WTI crude was trading above $71 per barrel; → this morning, on the last day of the month, the price has fallen below $60. The overall decline may reach 16% — the worst monthly performance since November 2021. Why Is Oil Falling? The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand. According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk. In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May. Technical Analysis of the XTI/USD Chart Oil price fluctuations in 2025 have formed a descending channel (highlighted in red), with lower highs and lower lows reflecting continued bearish sentiment. Bulls may hope for support to emerge around the $58.85 level, as: → this has acted as support before (as indicated by arrows); → this level aligns with the lower boundary of a local upward trend (shown in blue), which formed after news broke that Trump had postponed the implementation of some tariffs — triggering a sharp rebound in oil prices from the 9 April low. Nevertheless, the broader structure remains bearish: the rise towards point C appears to be a corrective recovery following the impulse drop from A to B. Given the potential impact of upcoming news — including statements from the White House and OPEC+ decisions — a bearish breakout below the blue channel cannot be ruled out. 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.
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by FXOpen
2
USOIL Crab Harmonic PatternThe potential for an increase in oil prices is on the horizon, especially as buyers seem to be showing interest at the golden Fibonacci level of 60.7 USD, which aligns with harmonic patterns resembling a crab. This fascinating interplay between market psychology and technical analysis highlights how traders often react to specific price levels. As we observe these developments, it’s essential to keep an eye on market trends and the underlying factors influencing oil prices.
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by UnknownUnicorn22680872
Buy Opportunity🛢️ WTI Crude Oil (4H) – Bullish Reversal Setup WTI has hit a significant support zone near $59.30, aligning with a previous demand area and low-volume node from earlier consolidation. Price action suggests potential exhaustion in the selling momentum as indicated by the histogram flattening. 🟢 Entry: $59.32 🎯 Target: $64.69 – Previous swing high and key supply level 🛑 Stop Loss: $57.32 📊 Risk/Reward Ratio: 2.79 📆 Target Date: May 6, 2025 📈 Projected Move: +9.06% / +$5.37 🔍 Key Observations: Strong support area with prior reaction. Price now trading at low end of value zone (yellow-blue volume profile), often signaling reaccumulation. Histogram shows bearish momentum waning – potential for shift in trend. A move above $61.83 could accelerate bullish continuation. 📌 Bias: Bullish – Buy the dip with confirmation above $60 for safer entry.
TLong
by GODOCM