Get started
CFDs on WTI Crude OilCFDs on WTI Crude OilCFDs on WTI Crude Oil

CFDs on WTI Crude Oil

No trades
OverviewNewsIdeasMindsSeasonals

Trade ideas

USOIL rebounds from 6,300.0. Where next?USOIL rebounds from 6,300.0. Where next? USOIL bounced back from the 6,300.0 mark on Tuesday, building on slight gains from the prior session, after President Donald Trump prolonged a tariff truce with China for an additional 90 days. The decision, made just before new tariffs were due, provided temporary relief from rising trade tensions that might hinder global growth and energy demand. The modest rise towards SMA50 and 6,500.0 level is expected. Market participants will also be waiting for OPEC’s monthly report, along with US EIA and IEA forecasts, for fresh supply–demand signals.
FOREXCOM:USOILLong
by ProfessorSingapore
Fundamental + Technical Confirm Bullish TrendWhen news, insider positioning, and the weekly chart all align, I pay close attention and so should you. Crude oil has built a strong bullish structure on the weekly timeframe, breaking above key resistance levels and holding higher lows. The recent OPEC+ decision to maintain a -2MM bbl/d production cut, combined with CEOs and major oil traders buying aggressively at every dip, provides strong fundamental confirmation of this trend. In the U.S., gas prices are already trending upward which is another clear signal that the market is pricing in tighter supply and stronger demand. From a technical perspective, price has cleared the 50% Fibonacci retracement and is now targeting the $77.50 zone in the short term. The medium-term projection sits near $90, with potential for higher if supply constraints persist. Pullbacks into support zones could present attractive re-entry opportunities for swing and position traders. Bias: Bullish Targets: $77.50 (short-term) Chart: Weekly timeframe If you agree with this outlook, drop your thoughts below or share this idea with others.
TVC:USOILLong
by Smartwomanyaz_
USOIL: Eyes on 64.10 as Geopolitics Take Center Stage!!In today’s session, we’re watching USOIL for a potential short setup around the 64.10 zone. Price action remains in a broader downtrend, with the current move looking like a corrective retracement into a key support turned resistance area. From a fundamental perspective, all eyes are on the scheduled August 15 meeting between Donald Trump and Vladimir Putin. A ceasefire agreement could fuel bearish momentum, potentially accelerating the sell-off. On the other hand, if talks collapse, renewed geopolitical tension could keep oil prices bid in the short term. Technically, 64.10 is the battleground a decisive rejection here could offer an attractive risk reward for sellers aligned with the dominant trend.
TVC:USOILShort
by JoeChampion
4
Oil | Bearish Bias Below 64.70as Markets Await U.S.–Russia TalksOil Little Changed, With Focus on U.S.–Russia Meeting Oil prices were steady in afternoon trade as markets awaited Friday’s meeting between U.S. President Trump and Russian President Putin, which could potentially pave the way for a Ukraine peace deal. Oil has fallen over 10% this year, pressured by OPEC+ restoring production faster than planned and by weakening global demand prospects. Technical Outlook: The price maintains a bearish bias while trading below 64.70, targeting 63.45 and 61.85, with further downside toward 60.20 if broken. However, market direction could shift sharply depending on the outcome of Friday’s meeting. A move above 64.75 would target 65.80, and a breakout beyond this could trigger bullish momentum toward 67.20 and 69.10. Pivot: 64.70 Support: 63.45, 61.85, 60.20 Resistance: 65.80, 67.20, 69.10
TVC:USOILShort
by SroshMayi
WTI Crude Oil (USOIL) Analysis:The price of crude oil is currently trading near a nearby resistance area at $64.23, with the overall trend remaining bearish. 🔹 Bearish Scenario: If the price breaks below $63.00 and holds under this level, we may see a target around $62.00. 🔹 Bullish Scenario: If the price manages to break back above $64.58 and sustain above it, a retest of the $65.00 area is possible, and with continued buying momentum, the price could reach $66.30. ⚠️ Disclaimer: This analysis is not financial advice. Please monitor the markets and carefully analyze the data before making any investment decisions.
TVC:USOIL
by Fadi_radar