Back to boring range or a pullback and trend continuation?I hope it doesn't return to that boring range and instead makes a pullback and moves upward.
Although the price of oil depends on thousands of fundamental reasons.
OIL_CRUDE trade ideas
WTI Crude Eyes Bullish Momentum Above $68.9FenzoFx—WTI Crude Oil broke resistance at $68.9 in the last session, now trading near $70.6. This breakout supports a bullish shift.
Yet, RSI 14 and Stochastic indicate overbought conditions, suggesting possible consolidation. Support at $68.9 could offer a discounted entry if prices retreat.
Watch for bullish signs like candlestick formations and inverted FVG around the $68.9 support.
After 35 daysOil finally broke out of the range after 35 days, and now it’s time to wait for a trigger to enter and follow the trend.
US OIL LONG SETUPPrice had created a good Demand Zone , Also Price is in an overall uptrend and pullback to the demand order block from which I took the entry, expected a minor retractment to pick my entry.
But it is what it is. Good Trade overall.
Potential Next setup Coming 🔥
_THE_KLASSIC_TRADER_.
XTIWith santions on Russia by EU and the projection of a saction by US which 50days ultimatum now reduced 12 days. This good fuel global demand having Russia as the 4th 3rd largest producer of crudeoil.
US CRUDE OIL(WTI): Very Bullish Pattern📈USOIL has reached a significant horizontal demand zone on the daily chart, leading to price consolidation and the formation of a double bottom pattern with a higher low.
Yesterday, the market rebounded, creating a new local higher high that broke above the pattern's neckline.
This suggests a typical bullish reversal, and the oil price is expected to rise towards 64.40.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 66.83
Target Level: 65.56
Stop Loss: 67.67
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
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USOIL LONG FROM SUPPORT
USOIL SIGNAL
Trade Direction: long
Entry Level: 65.00
Target Level: 66.37
Stop Loss: 64.09
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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 Steady as Sanction Threat LoomsOil prices held steady near recent highs after Trump threatened Russia with economic penalties if it doesn’t reach a ceasefire with Ukraine within 10–12 days. Traders are watching closely, as potential secondary sanctions on Russia could disrupt crude supply. However, skepticism remains over whether Trump will follow through, given his push for lower oil prices. The threat comes amid ongoing EU sanctions and ahead of key US trade deadlines and an OPEC+ meeting. Despite current tightness and summer demand, concerns of oversupply remain for later in the year.
On the technical side, the price of crude oil is still trading in a sideways range between $64 and $68. The moving averages are confirming a bullish trend in the market, while the Stochastic oscillator is at neutral levels, hinting that the short-term outlook for pricing could go either way. The Bollinger bands have contracted quite excessively, meaning that volatility is low; therefore, it could take some time for any significant moves. Currently, the price is testing the resistance of the 50-day simple moving average, while the first area of technical resistance lies around the $68 level, which is the upper boundary of the current sideways channel.
CRUDE OIL Bullish Continuation! Buy!
Hello,Traders!
CRUDE OIL made a rebound
From the support just as
I predicted and the price
Went further still and broke
The key horizontal level
Of 66.50$ and the breakout
Is confirmed so we are
Bullish biased and we will be
Expecting a further bullish
Move up!
Buy!
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Market Analysis: Oil Prices Ease – Market Awaits Fresh CatalystMarket Analysis: Oil Prices Ease – Market Awaits Fresh Catalyst
WTI crude oil is also down and remains at risk of more losses below $64.60.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI crude oil price continued to decline below the $66.00 support zone.
- It traded below a connecting bullish trend line with support at $65.60 on the hourly chart of XTI/USD at FXOpen.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI crude oil at FXOpen, the price struggled to continue higher above $67.50. The price formed a short-term top and started a fresh decline below $66.00.
There was a steady decline below the $65.80 pivot level. The bears even pushed the price below $65.00 and the 50-hour simple moving average. The price traded below a connecting bullish trend line with support at $65.60.
Finally, the price tested the $64.75 zone. The recent swing low was formed near $64.73, and the price is now consolidating losses. On the upside, immediate resistance is near the $65.60 zone. It is close to the 50% Fib retracement level of the downward move from the $66.42 swing high to the $64.73 low.
The main resistance is $65.80. A clear move above it could send the price towards $66.40. The next key resistance is near $67.50. If the price climbs further higher, it could face resistance near $70.00. Any more gains might send the price towards the $72.00 level.
Immediate support is near the $64.60 level. The next major support on the WTI crude oil chart is near $63.20. If there is a downside break, the price might decline towards $60.00. Any more losses may perhaps open the doors for a move toward the $55.00 support zone.
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.
USOIL Analysis : MMC Bullish Setup Building on USOIL – Target🧠 Introduction & Trade Philosophy
In today’s 4H USOIL chart analysis, we are at a critical decision-making zone, where price action is preparing to make a major move in either direction, based on the response to a central demand zone. We are applying the MMC Rule, which emphasizes mirroring supply-demand behavior and validating market moves through structural confirmation.
The current price structure presents a classic MMC scenario, where price must either confirm a bullish double demand reaction or invalidate the setup by breaking the key zone and moving bearish.
📍 Chart Structure Explained
🔷 1. Central Reversal Zones (CRZs)
There are two CRZs highlighted:
The upper CRZ around 65.90–66.20, where price was previously rejected.
The lower CRZ, where price is currently consolidating, is around 64.80–65.50.
These zones are liquidity-rich areas where big players react—either by absorbing positions or driving directional moves.
🟢 2. Bullish Scenario – MMC Rule In Play (Path 1)
"If we want it bullish, we want 50% supply and demand will be double according to MMC Rule"
According to MMC, a bullish move must be confirmed by a strong reaction from demand, showing double the pressure of the last bearish move. Here's how that plays out:
Price respects the lower CRZ, bouncing near the 65.00 mark.
If this bounce gains momentum and breaks above the trendline resistance, the first target is the minor resistance at $69.00, followed by the major resistance zone near $70.50–$71.00.
A retest of broken structure, followed by bullish continuation, is expected. This is marked with the white zigzag projection labeled as “1” on the chart.
Watch for a clear higher high formation, which would indicate a shift in structure and validate bullish momentum.
🔻 3. Bearish Scenario – Breakdown Confirmation (Path 2)
"If it breaks, USOIL will go bearish"
If price fails to hold the current demand and closes below $64.80–64.50, it signals that demand has been absorbed, and MMC reversal has failed. In that case:
A clean breakdown below the demand zone will confirm bearish control.
The next downside target becomes $62.00, as labeled “2” on the chart.
The downward move is likely to follow a steep path as marked with the sharp downward trendline extension, especially if supported by volume and news catalysts.
🔄 Mirror Concept Highlight – Ellipse Area
The ellipse shape on the chart marks a previous compression zone followed by a breakout. This area represents an imbalance in supply that led to a sell-off. The MMC principle suggests the market tends to mirror these zones—if that was previous supply, and the current demand zone mirrors its positioning and structure, we can anticipate a similar reaction, but to the upside.
This is where the "50% double reaction" rule comes in—demand needs to show twice the strength to overcome the previous sell-side pressure.
🔧 Technical Levels Summary
Zone Type Price Range Notes
Major Resistance 70.50 – 71.00 Final target if bullish scenario plays out
Minor Resistance 68.80 – 69.20 First bullish checkpoint
Upper CRZ 65.90 – 66.20 Key structure to break for bulls
Lower CRZ (Support) 64.80 – 65.50 Demand base for bullish setup
Bearish Target Zone 62.00 – 61.80 Projected zone if support breaks
🧭 Trader’s Mindset & Risk Notes (MMC Style)
Wait for clear confirmation and price behavior near the CRZs before entering.
Use trendline breaks, candlestick confirmation, and volume to validate direction.
Avoid guessing the direction—let price tell the story.
Stick to MMC rules: No confirmation, no position.
✅ Bullish Criteria Checklist:
✔️ Price respects lower CRZ
✔️ Breakout above trendline
✔️ Closes above $66.20
✔️ Higher highs + strong bullish candles
✔️ MMC Double Demand Reaction Confirmed
❌ Bearish Breakdown Triggers:
❌ Breaks below $64.50
❌ Weak bounce + lower highs
❌ Volume increases on downside
❌ Clean breakdown structure
🚀 Trade Plan & Outlook
We’re now at a critical zone where market sentiment will soon be clear. Based on your MMC analysis, the bias remains bullish as long as price holds above $64.80. Be patient and let the setup complete with structure confirmation.
This is not just a technical play—it's a psychological zone, where institutional traders also make decisions. Follow the MMC logic and react with confirmation.
Bullish bounce off pullback support?WTI Oil (XTI/USD) is falling towards the pivot, which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 63.78
1st Support: 59.94
1st Resistance: 69.26
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CRUDE OIL REBOUND AHEAD|LONG|
✅CRUDE OIL is going down now
But a strong support level is ahead at 64.69$
Thus I am expecting a rebound
And a move up towards the target of 65.50$
LONG🚀
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USOIL: Long Trade with Entry/SL/TP
USOIL
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry Point - 65.00
Stop Loss - 64.67
Take Profit - 65.55
Our Risk - 1%
Start protection of your profits from lower levels
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Potential Long on WTI
Crude oil is showing potential for a bullish move due to increasing speculation about a possible agreement between China and the United States.
As we approach August 1st – the date associated with Trump's proposed tariff actions – the chances of a diplomatic breakthrough are growing.
If the two economic giants reach any form of understanding, it could trigger a wave of optimism in the oil market, potentially leading to a strong upward move.
Market participants should closely watch developments related to the US-China negotiations over the coming days.
CRUDE OIL Risky Long! Buy!
Hello,Traders!
CRUDE OIL will soon hit
A horizontal support
Of 64.50$ and as it is
A strong level we will be
Expecting a local bullish
Rebound on Monday
Buy!
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USOILBullish senaorio
"BUY Call / Long – Strong upside trend across most timeframes, supported by disrupted supply, elevated oil prices due to real production losses, and renewed geopolitical risk."
USOIL BUY Smart Money + trend analysis expecting bullish Smart Money + Elliott Wave analysis expecting bullish move after corrective wave (C) completes at demand zone with Order Block, FVG, and liquidity sweep confluence
OILUSD Range Between 60–64.26 – Will Support Hold or Break?WTI Crude has been in a sideways range after the sharp drop in early April. Price recently tested resistance at 64.260 but failed to break higher, pulling back into the 60.000 support zone. This level has held multiple times, forming a key pivot.
Support at: 60.000 🔽, 55.931 🔽
Resistance at: 64.260 🔼, 67.000 🔼, 71.101 🔼
🔎 Bias:
🔼 Bullish: A strong rejection from the 60.000 zone followed by a breakout above 64.260.
🔽 Bearish: A daily/12H close below 60.000 opens the path to retest 55.931, and potentially lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
USOIL: Next Move Is Up! Long!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 65.029 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 65.579.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
