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Crude Oil WTI

WTI Crude Oil The Week Ahead 24th March '25WTI Crude Oil bearish & oversold, the key trading level is at 69.50 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.
TRADENATION:WTI
by TradeNation
WTI CRUDE OIL: Hard rebound on 1.5 year support targeting $72.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.748, MACD = -1.080, ADX = 23.603), which indicates the slow transition from a bearish trend to bullish. This started when the price hit the S1 level, a 1.5 year Support, and bottomed. The slow rebound that we're having since formed a Channel Up on a bullish 1D RSI, much like the one in September 2024, which eventually peaked after a +10.70% price increase. A similar rebound is expected to test the 1D MA200. The trade is long, TP = 72.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOil The Final dealBased on current market conditions, we predict an upward movement for USOil. The first resistance level is set at 69.000. This level has proven to be a significant hurdle in previous price actions, with selling pressure often emerging as the price approaches it. However, given the current positive momentum, there's a strong likelihood of breaking through this resistance.​ On the downside, the primary support level stands at 67.000. This level has been tested multiple times and has held firm, acting as a floor for the price. Below this, we have a second support at 66.500. This secondary support is crucial as it provides an additional buffer against significant price drops. If the price manages to stay above the 67.000 support, the upward trend is likely to continue towards the 69.000 resistance and potentially beyond.​ 💎💎💎USOil 💎💎💎 🎁 Buy@67.500 - 67.700 🎁 TP 68.800 - 69.000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9
1
OIL Today's strategyCurrently, crude oil prices are fluctuating near the resistance level. Recently, the increase in US crude oil inventories has affected the supply dynamics and exerted certain pressure on oil prices. However, overall, the geopolitical tensions and supply risks have a relatively significant supporting effect on oil prices at present. OIL Today's strategy sell@68.5-68.8 buy:67.2-67.6 There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses
TVC:USOIL
by HenryClarke
2
Crude oil bears pounce again and enter the 3-5 waveJudging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave. Suggestions: 1. Go short at $67.20, stop loss 30 pips, take profit $64.80. 2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66. 3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
TVC:USOILShort
by RobertaAlsop
USOIL Strategy AnalysisInternational crude oil prices have been trending sideways-to-downward recently. As of March 19, WTI crude oil was priced at $66.58/barrel, marking a cumulative decline of over 7% since the beginning of the year. The current core market contradiction focuses on the dual pressures of loose supply expectations and divergent demand prospects. Oil trading strategy： sell @ 68.2 buy @ 66 If you are currently unsatisfied with your crude oil trading performance and need daily accurate trading signals, you can visit my profile for free strategy updates every day.
TVC:USOILLong
by UnknownUnicorn91193145
Will Mixed Geopolitical News Limit the Downside of Oil Prices?Macro: - Oil prices continued their decline following an agreement between the US and Russia to halt attacks on energy infrastructure, though without implementing a complete ceasefire. - The market turned bearish amid expectations that Russian sanctions may be eased, potentially increasing the oil supply surplus. - Uncertainty lingered as geopolitical tensions in the Middle East sent mixed signals. While the possibility of increased supply pushed prices down, fears of conflict disrupting oil production kept some upward pressure. Technical: - USOIL retested its descending channel's upper bound before rejecting the boundary and forming a bearish Engulfing Candlestick, which may provide a hint that bears are in control. The price is below both EMAs, indicating persistent bearish momentum. - Breaking below the support at 65.80 may prompt another plunge to the 100% Fibonacci Extension at 64.00. - Closing above 68.40 and breaking the descending channel's upper bound may shift the current structure sideways before retesting the following resistance at 70.20. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
FX:USOILSPOTShort
by DatTong
USOIL BREAKOUT FROM THE WEDGE|SHORT| ✅CRUDE OIL is trading in a Downtrend and the price broke Out of the bearish wedge pattern And the breakout is confirmed Because the 4H candle closed Way below the wedge's support So we are bearish biased and We will be expecting a Further bearish move down SHORT🔥 ✅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.
TVC:USOILShort
by ProSignalsFx
1
Crude oil turns lower on Putin-Trump callBoth oil contracts are now lower on the day, giving up earlier gains. From the day's high, WTI is now 2.8% lower and counting as prices test the day's lows. Oil prices moved lower on hints/hopes of peace from the just-finished Trump & Putin talks. The rationale here is that any peace progress would increase the chances of removing sanctions on Russian oil shipments, increasing global supplies. WTI has held the trend resistance and old support-now-resistance at $68.45. The inverted daily hammer candle, if completed, would point to more weakness in the days ahead. As such, we could see prices dip down to test waters below recent lows of just north of $65.00 handle - a level last tested back in September 2024. A potential break below that could pave the way for a test of the May 2023 low of $63.60. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
Buy directlySupply and Demand Aspect Supply: In 2025, the expected increment in global crude oil supply has been generally lowered. The production increase in non-OPEC+ countries is limited, and the actual effect of OPEC+'s gradual lifting of production cuts is lower than expected. However, the US shale oil production is on a strong upward trend. The EIA predicts that the total US crude oil production in 2025 will reach 13.61 million barrels per day, making it the largest source of supply growth in the world. If OPEC+ continues to increase production, the IEA predicts that the global crude oil supply surplus in 2025 may expand to 1 million barrels per day. At the same time, the uncertainties in the US sanctions policies against oil-producing countries such as Iran and Venezuela, and the fact that Russia's crude oil exports have climbed to a yearly high of 5.7 million barrels per day further increase the pressure on the supply side. Demand: The demand side shows a differentiated trend. In March, the IEA lowered the global crude oil demand growth rate in 2025 by 70,000 barrels per day to 1.03 million barrels per day, mainly reflecting the impact of the escalation of trade frictions on the macro economy. On the other hand, OPEC maintains an optimistic forecast of 1.45 million barrels per day, emphasizing the resilience of air travel and consumption in emerging economies. The EIA has raised the demand growth rate to 1.37 million barrels per day and expects the growth rate to further rise to 1.61 million barrels per day in 2026. USOil 🎁 Buy@66.80 - 66.90 🎁 SL 66.50 🎁 TP 68.80 - 69.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9