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Crude Oil Trading Strategy for TodayShort-term weaknesses have become more prominent, while the stabilizing role of crude oil has intensified. The fluctuation in renewable energy output and the surge in demand for crude oil replenishment​ In November, the world experienced extreme weather: The cold wave in Europe led to a 27% drop in wind power output (wind power generation in Germany and France decreased by 32% year-on-year), the Asian typhoon season delayed the progress of photovoltaic installation (new installations in November decreased by 35% year-on-year), and the power supply gap was forced to rely on crude oil to be filled. The fuel oil generation in the United States increased by 29% year-on-year (reaching a new high since 2024), the sales of diesel generators in Europe increased by 22% month-on-month, and the proportion of "replenishment demand" in short-term crude oil consumption accounted for 18%, verifying the irreplaceability of crude oil in energy security.​ The cost of biofuels is high, and the substitution effect has significantly weakened​ The prices of global palm oil and soybean oil rose by 21%-25% due to drought in Southeast Asia, the production cost of biodiesel exceeded $88 per barrel, far exceeding the current crude oil price. The production of biodiesel in the United States decreased by 15% month-on-month, and the blending ratio of biofuels in Europe dropped from 8% to 6.5%. More importantly, the supply of biofuel raw materials is limited (global vegetable oil inventory decreased by 9%), and it is difficult to expand the scale of substitution with crude oil in the short term, and the share of crude oil in the transportation fuel sector has been consolidated. Crude Oil Trading Strategy for Today buy：59.5-60 tp:60.5-601 sl:59
TVC:USOILLong
by Ryan_Lewis1
Market Analysis: WTI Crude Faces HurdlesMarket Analysis: WTI Crude Faces Hurdles Crude oil is showing bearish signs and might decline below $58.80. Important Takeaways for WTI Crude Oil Price Analysis Today - Crude oil prices failed to clear the $61.20 region and started a fresh decline. - There is a bearish trend line forming with resistance at $60.00 on the hourly chart of XTI/USD. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil, the price struggled to clear $61.20 against the US Dollar. The price started a fresh decline below $60.00. The bears gained strength and pushed the price below $59.50 and the 50-hour simple moving average. Finally, the price tested $58.80 and recently started a recovery wave. There was a move above $59.40, and the 23.6% Fib retracement level of the downward move from the $61.21 swing high to the $58.80 low. The bears are now active below $59.80. If there is a fresh increase, the price could face a barrier near $60.00. There is also a bearish trend line forming with resistance at $60.00. The first major resistance is near the 76.4% Fib retracement at $60.65. The next stop for the bulls could be near $61.20. Any more gains might send the price toward $62.00. Conversely, the price might start another decline and test $59.40. The next major area of interest for the bulls on the WTI crude oil chart is $58.80. If there is a downside break, the price might decline toward $57.50. Any more losses may perhaps open the doors for a move toward $55.00. 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.
FXOPEN:XTIUSD
by FXOpen
1
Crude Oil Trading Strategy for TodayPolicy stimulus in emerging markets opens up the ceiling for growth ​ Policy-driven procurement in Asia becomes the core engine​ To support the "doubling of refining capacity by 2030" plan, the Indian government increased the import quota of 20 million tons of crude oil (approximately 400,000 barrels per day) in November, and signed a long-term supply agreement with Iraq for "payment in rupees" (locking in 1.2 million barrels per day). In the first half of November, India's crude oil import volume increased by 18% year-on-year (reaching 5.6 million barrels per day), reaching a historical high. At the same time, Southeast Asian countries also stepped up their efforts: the Renze refinery in Vietnam (14 million tons per year) officially started production in December, driving a 22% increase in crude oil procurement volume in November compared to the previous month. Indonesia launched the "refinery tax refund policy", increasing processing profits by $8 per barrel, promoting the early release of replenishment demands from refining and chemical enterprises. The overall increase in Asian crude oil imports accounted for 75% of the global demand increase, becoming a core support for short-term demand.​ "Discrepancy growth" in transportation and chemical demand​ Unlike the decline in transportation fuel demand in Europe and the United States (U.S. gasoline consumption decreased by 2.1% year-on-year), the transportation fuel demand in emerging markets maintained a high growth rate: Indian diesel consumption increased by 7.8% due to infrastructure investment (road and port projects increased by 28% year-on-year), and the demand for aviation kerosene in Southeast Asia increased by 11% month-on-month due to the recovery of tourism (international flight volume recovered to 115% of 2019). More importantly, chemical demand formed a "secondary support" - China's new 1.5 million tons of ethylene plant started production in November, and the purchase volume of naphtha increased by 12% year-on-year; the integrated refining and chemical project of Reliance Industries (25 million tons per year) started raw material reserves, driving a 15% increase in the purchase volume of light crude oil (WTI-related varieties) compared to the previous month, forming a dual demand resilience of "transportation + chemical". Crude Oil Trading Strategy for Today buy：59.5-60 tp:60.5-601 sl:59
TVC:USOILLong
by Ryan_Lewis1
Hellena | Oil (4H): LONG to resistance area 64.8.Colleagues, in fact, I have not changed the wave markup, but I have a slightly different view on the near-term price movement plan. In the last forecast I emphasized that the target is the area of 58.9, but now it looks more likely that the completion of wave “C” in a complex correction (resistance area 64.8). Then I will consider the long-awaited downward movement again. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDELong
by Hellena_Trade
9
USOIL SUPPORT, RESISTANCE & TRENDLINE ANALYSISGo "SHORT" IF IT BREAKS 59.63 with 59.32 / 59.01 and 58.70 as the 1st, 2nd & 3rd targets respectively. It should break and sustain each level to reach the above mentioned targets. Go "LONG" if it breaks 59.63 with 59.94 / 60.01 / 60.69 & 61.41 as the 1st, 2nd, 3rd & 4th targets respectively. It should break and sustain each level to reach the above mentioned targets. Note: Check for candle patterns as well for proper confirmation.
TVC:USOIL
by TRaDe_Or_B_TRaDeD
Crude Oil Trading Strategy for TodayGeopolitical Risks: Structural imbalances persist, with short-term disturbances being the main factor The conflict between Russia and Ukraine has entered its fourth year. Russia's crude oil has doubled its share in the Asian market through the "shadow fleet" (487 vessels) and Indian refineries (processing 1.8 million barrels per day), with the price difference between Urals and Brent narrowing to $15 per barrel. The pulse-like impact of the conflict on oil prices has weakened, but there is still a possibility of a "black swan" event - if Russian energy facilities are attacked, it could lead to a 2-3 million barrels per day supply gap, and oil prices could exceed $150. Additionally, the advancement of the Gaza ceasefire agreement and the restoration of shipping order in the Red Sea have reduced the short-term geopolitical premium, but potential risks such as the situation in the Middle East and Iran sanctions have not been eliminated, which may trigger short-term price fluctuations. The core contradiction in the current crude oil market is the "mid-term supply surplus" versus "short-term marginal improvement (demand differentiation + interest rate cut expectations + geopolitical disturbances)". The price of $59.50 is in the "bottom support zone + policy sensitive zone", making it suitable to adopt a combination strategy of "short-term catching rebounds, medium-term controlling risks" - using short-term marginal variables to earn short-term gains, while hedging the downward risks brought by the medium-term surplus through option tools. Crude Oil Trading Strategy for Today buy：59-59.5 tp:60-60.5 sl:58.5
TVC:USOILLong
by Ryan_Lewis1
WTI – Bearish Retest of Broken SupportWTI has broken below a key support zone (highlighted in purple) and is currently pulling back into this same zone. This area may now act as new resistance. If price rejects this zone, we may see continuation toward the next major support level around 57.93. The overall momentum is bearish, and the current upward leg looks corrective rather than impulsive, which supports the continuation scenario. Trade Plan: • Entry: After rejection signs inside the purple zone • Stop Loss: Above the purple zone / recent swing high • Take Profit: 57.93 area (blue level) Bias: Bearish continuation as long as price remains below the purple zone. Logic: This is a classic break → pullback → continuation structure. If price fails to close back above this zone, sellers remain in control and the next bearish leg can unfold toward 57.93.
BLACKBULL:WTIShort
by Goldminer10
Crude oil's downward space is expandingDue to a significant increase in U.S. crude oil inventories, WTI prices have extended their decline. In the short term, crude oil’s trend saw a seesaw battle between bulls and bears near the lower edge of the range, with frequent shifts in momentum. Eventually, the bears prevailed, sending prices lower. The moving averages are in a bearish alignment, indicating an objectively downward short-term trend. Oil prices have broken below the 60 support level. It is expected that crude oil’s intraday trend will continue to expand downward. And the short-term support is 58.5,If it breaks below 58.5, focus on the support level at 57.5, while resistance above is at 60.8. Buy 58.5 - 58.8 SL 58 TP 59.3 - 59.8 - 60.3 Sell 60.5 - 60 SL 61 TP 59 - 58.5 - 58
TVC:USOILShort
by KingArthur_
Crude Oil Trading Strategy for TodayIncreased policy stimulus in emerging markets, with greater certainty in the increase in demand. Policy-driven procurement emerges as a new engine: The Indian government, in order to ensure the expansion of refineries (with an additional annual capacity of 20 million tons by 2025), launched the "Strategic Reserve Supplement Plan for Crude Oil". In the first half of November, the import volume increased by 16% year-on-year (reaching 5.4 million barrels per day), and it signed a 3-year long-term supply agreement with Saudi Arabia (locking an additional 1 million barrels per day). At the same time, Indonesia and Vietnam simultaneously introduced "Refinery Tax Reduction Policies", driving the import volume of crude oil in Southeast Asia to increase by 12% month-on-month. The policy benefits directly transformed into rigid procurement demands, breaking the single narrative of "weak demand". Recovery of consumption scenarios exceeded expectations: Indian diesel consumption increased by 7.2% due to the acceleration of infrastructure investment (road and port projects increased by 25% year-on-year), while the demand for aviation kerosene in Southeast Asia increased by 9% month-on-month due to the recovery of tourism (international flight volume recovered to 110% of 2019). The demand for transportation fuels and chemical raw materials (with the commissioning of a new 1.2 million-ton ethylene plant in China) formed a "dual-wheel drive", and the expected monthly increase in global crude oil demand in November was 800,000 barrels per day, far exceeding the market expectation of 500,000 barrels per day. Crude Oil Trading Strategy for Today buy：59.5-60 tp:60.5-61 sl:61.5
TVC:USOILLong
by Ryan_Lewis1
Crude Oil Trading Strategy for TodayThe resonance of the three core driving forces opens up the space for a rebound. The global economy is experiencing a weak recovery, with demand resilience exceeding pessimistic expectations: Despite the IEA's downward revision of demand growth for 2025-2026, the global economy has not fallen into recession. In the third quarter, crude oil demand has grown by an average of 750,000 barrels per day, with the rebound in demand for petrochemical feedstocks being a key support, breaking the market consensus of "persistent weak demand". The cost structure of US shale oil is moving upward: Data from the analysis firm Enverus shows that due to the depletion of high-quality resources and the complexity of the extraction areas, the marginal cost of US shale oil is gradually rising from about $70 per barrel. Most small and medium-sized producers need an oil price of over $65 to make a profit on new well projects, while only large-scale enterprises can maintain a break-even point in the $50-60 range. The current oil price is approaching the cost line, and further declines will curb supply growth, forming a natural bottom support. Net long positions have risen significantly: The latest CFTC position data shows that Brent crude oil long positions increased by 57,000 contracts, short positions decreased by 62,000 contracts, and net long positions rose by 119,000 contracts compared to the previous period. Market sentiment has shifted from extreme pessimism to a bottoming out and rebound, with continued inflows of new buying supporting oil prices. Crude Oil Trading Strategy for Today buy：59.5-60 tp:60.5-61 sl:61.5
TVC:USOILLong
by Ryan_Lewis1
wti 1h🔹 Overall Outlook and Potential Price Movements In the charts above, we have outlined the overall outlook and possible price movement paths. As shown, each analysis highlights a key support or resistance zone near the current market price. The market’s reaction to these zones — whether a breakout or rejection — will likely determine the next direction of the price toward the specified levels. ⚠️ Important Note: The purpose of these trading perspectives is to identify key upcoming price levels and assess potential market reactions. The provided analyses are not trading signals in any way. ✅ Recommendation for Use: To make effective use of these analyses, it is advised to manually draw the marked zones on your chart. Then, on the 5-minute time frame, monitor the candlestick behavior and look for valid entry triggers before making any trading decisions.
CFI:WTI
by Deltafx_Broker
Crude Oil Trading Strategy for TodayMarginal improvement signals have emerged, and consumer resilience exceeded expectations. The demand for replenishment in Asia has been concentratedly released: In November, China's petrochemical refineries received an additional 15 million tons of crude oil import quotas (approximately 300,000 barrels per day). In the first half of November, China's crude oil imports increased by 12% year-on-year, and the purchasing focus shifted to WTI-related varieties, which led to an increase in U.S. crude oil export volume from 5.4 million barrels per day to 5.8 million barrels per day (reaching a new high since October), forming a "import - export" positive cycle. Heating oil demand started earlier than expected: In the first ten days of November in North America, the temperature was 3-5℃ lower than the average. The price of heating oil futures in the New York port rose by 4.2% in a week, and the output of heating oil by refineries increased by 8% month-on-month, which led to the continuous reduction of distillate oil inventories and indirectly stimulated the demand for crude oil purchases. Crude Oil Trading Strategy for Today buy：59.5-60 tp:60.5-61 sl:61.5
TVC:USOILLong
by Ryan_Lewis1
WTI OIL 4H Channel Down aiming for a Lower Low.WTI Oil (USOIL) is extending the 1D MA50 (red trend-line) rejection of October 24 and has formed a short-term Channel Down. We are currently on its second Bearish Leg following a new rejection this time on the 4H MA200 (orange trend-line). With the first Bearish Leg declining by -4.72%, we expect the current one to replicate this drop and target $58.60. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
WTI Crude resistance at 6160The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the longer term support, suggesting a temporary relief rally within the downtrend. Key resistance is located at 6160, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 6160 could confirm the resumption of the downtrend, targeting the next support levels at 5946, followed by 5845 and 5780 over a longer timeframe. Conversely, a decisive breakout and daily close above 6160 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6215, then 6300. Conclusion: The short-term outlook remains bearish unless the WTI Crude price breaks and holds above 6160. 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.
TRADENATION:WTI
by Trade Nation
UK brent Sells After forming the last Higher High, price failed to break new highs and dropped below recent Higher Lows – signaling a shift from bullish structure into a bearish phase. Price is now in Correction, pulling back into a broken support area that may act as resistance. An imbalance left below adds confluence for a continuation lower. Waiting for a Lower High to confirm bearish Continuation in line with the higher timeframe downtrend. The daily chart shows price reacting from a key supply area, adding strong higher-timeframe confluence. With imbalance below and structure now bearish, a confirmed Lower High would validate continuation to the downside Entry: 61.230 Stop Loss: 62.130 Take Profit: 57.200
BLACKBULL:WTIShort
by richard925
Immediate data is negative, and inventory support has weakened. The inventory reduction process in the United States has come to an end, and the expectation of inventory accumulation is rising: The latest high-frequency data shows that the crude oil inventory in the Cushing area increased by 1.8 million barrels (to 36.8 million barrels, reaching a new high since October), ending the previous three-week reduction trend; the U.S. crude oil import volume remained at a high level of 6.1 million barrels per day, coupled with the refinery operating rate dropping from 88.6% to 86.2% (reduced profits led to a decrease in processing demand), short-term inventory accumulation pressure has emerged. The weak signal on the demand side is clear: European diesel consumption decreased by 8% year-on-year, U.S. gasoline retail sales declined by 3.2% month-on-month, the demand for winter heating oil in the Northern Hemisphere did not start as expected (the spot price of heating oil in the New York port dropped by 5.3% in a week), and terminal demand is unable to support oil prices. Crude Oil Trading Strategy for Today sell：61-60.5 tp:60-59.5 sl:62
TVC:USOILShort
by Ryan_Lewis1