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Crude Oil West Texas - CashCrude Oil West Texas - CashCrude Oil West Texas - Cash

Crude Oil West Texas - Cash

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USCRUDEOIL trade ideas

Buy Setup on 15-Min ChartCrude oil is currently holding above the key support near 62.26 and showing signs of reversal after a strong rejection from the lows. 📌 Entry Zone: 62.35 – 62.50 🎯 Target: 62.95 🛑 Stop Loss: 62.26 🔎 Analysis: Price respected support and formed a bullish rejection wick, indicating buying pressure. A move above 62.50 could open the way to test resistance around 62.95. Good risk-to-reward opportunity as long as price stays above support. 📊 View: Bullish momentum expected towards 62.95 in the coming sessions
TVC:USOILLong
by Magesh1510-11
3
WTI Crude Oil Descending Triangle Pattern WTI is forming a Descending Triangle pattern near recent support. 📊 Technicals : Flat base with lower highs compressing price action. 🔎 Key Levels: Breakdown below support 65 Leads To bearish continuation; bounce above resistance 71 Leads To reversal setup. ⚠ Risk View: Energy fundamentals remain mixed — confirmation with volume is essential. 👉 Tactical takeaway: Wait for a breakout from the triangle before committing directionally.
OANDA:WTICOUSDLong
by Punit190
USOIL Bearish Reversal & Selling OpportunityUSOIL (WTI Crude Oil) – Bearish Setup Analysis The chart shows a clear bearish structure with multiple confirmations: Trendline Rejection & Break: Price rejected from the upper rejection line and later broke the rising trendline, confirming bearish momentum. FVG (Fair Value Gap) Selling Zone: Price retested the imbalance zone (63.53–63.94), creating a strong selling opportunity. EMA Confluence: Both the 70 EMA and 200 EMA are above the price, acting as dynamic resistance, supporting bearish bias. Market Structure Shift (MSS): Breakdown of higher lows signals shift to bearish structure. Target: Downside continuation expected towards 61.65, the next liquidity and support zone. Stop Loss: Above 63.94 (selling zone invalidation). 📉 Strategy: Look for sell entries around 63.53–63.94 zone, with target at 61.65 and stop loss above 63.94.
TVC:USOILShort
by MR_JOHN144
Crude oil view building and trading plan for next weekChart Observations Trend Analysis: The chart shows a series of uptrends and downtrends clearly marked with HH (Higher Highs), HL (Higher Lows), LH (Lower Highs), LL (Lower Lows). Currently, price is in a downtrend, with a new Lower Low (LL) just printed around $64.30, breaking a strong horizontal support level. Key Levels: Support broken at ~$64.8 - $65, which was previously tested multiple times. Next potential support near $63.00 - $62.50 zone (watch for wick rejections). Resistance around $66.75 (EMA level and previous LH area). Fibonacci Levels: Recent retracements: 78.6%, 62%, 50% on various swings — price respecting Fibs before continuation. 262% extension on one of the previous rallies — now in retracement. Volume: Strong bearish volume spike on the most recent candle = institutional selling pressure. 🔮 Trading Bias 🔻 Short-term bias: Bearish Price broke structure + volume confirms downside move. Lower highs and lower lows are forming. 📅 Trading Plan for Next Week (August 7–11) ✅ Scenario 1: Bearish Continuation (most probable) Plan: Sell on retracement toward broken support Entry: $65.00 – $65.40 (retest of previous support as resistance) SL: Above $66.80 (previous LH + EMA) TP1: $63.00 (psychological support) TP2: $61.50 (next demand zone from historical data) Confirmation: Rejection candle or bearish engulfing + low volume on retest preferred. 🔁 Scenario 2: Bullish Reversal (less likely) Trigger: Price forms bullish divergence or double bottom near $63 zone with long lower wick candles Entry: Above $65.50 with bullish engulfing and volume SL: Below recent LL (~$62.80) TP1: $66.75 (EMA) TP2: $68.20 (previous minor high) Wait for structure change — first HL and HH required to flip bias. Avoid trading if: Price is consolidating between $64.50 – $65.50 without clear volume or breakout. Whipsaw/low volume candles appear around major levels. ⚙️ Additional Filters Monitor US crude oil inventories data (EIA report – Wednesday). Keep an eye on geopolitical news (Russia, OPEC+, etc.). Dollar strength or weakness will also impact crude.
FX:USOILShort
by pritam2sarkar
USOIL - CRUDE/CRUDOIL - Sharp Decline ahead?CMP: 67.90 TF: 120 Minutes Price had a steep decline in an impulse nature from 77.10 to 63.97; This can be marked as corrective wave A. Price has been moving up in zig zag price action in the B wave rise since then. The B wave seems to have ended at 68.90 (38% retracement) OR could possibly gets terminated at around 69.5-70 (one more high) If it has to fall right off from here at 67.90 , it needs to break 67.67 and 67.30 for final confirmation.. Else, there is a fair chance of the script making one more high at around 69.5-70 (Fair Value GAP should be tested) and resume the fall. The FVG left at 69.5-70 is the reason for me to expect one more high. The idea is marked in this chart along with the internal counts. Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
TVC:USOIL
by Murthy_Santhosh
2
USOIL is taking support at lower levels and making higher highsThe trading signal for USOIL has been triggered. The asset has demonstrated consistent support near the 65.5 price level, exhibiting this pattern of support three times previously, each instance resulting in the formation of a higher high. Currently, USOIL is once again showing support at this crucial level. Therefore, I recommend initiating a bullish or long trade position, with a suggested entry point around the 65.75 mark.
FX:USOILSPOTLong
by rajputnarendrasingh579
1
Crude WTI updated levels buy near support sell near resistance How My Harmonic pattern projection Indicator work is explained below : Recent High or Low : D-0% is our recent low or high Profit booking zone: D13% -D15% is range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade Target : T1, T2, T3, T4 and . Are our Target zone
BLACKBULL:WTIShort
by EquityCommodityMarketJaiPrakas
Trade Recommendation – BUY WTI Crude Oil (USOIL) – Entry #2✅ Trade Recommendation – BUY WTI Crude Oil (USOIL) – Entry #2 📅 Date: July 3–4, 2025 🕒 Timeframe: 1H 🎯 Trade Setup: Entry Zone: 66.30 – 66.40 USD/barrel (short-term support and EMA20 zone) Stop Loss (SL): 65.60 USD (below MA200 and previous bullish candle base) Take Profit (TP): • Target: 68.40 – 68.50 USD 📊 Technical Analysis: Healthy pullback after a strong bullish breakout — price is currently consolidating around EMA20, potentially forming a new upward leg. Volume surged during the July 2–3 breakout, indicating strong institutional buying interest. Price structure: Clear uptrend with higher highs and higher lows. Bollinger Bands: Price touched the upper band and is now retracing to the mid-band — a common continuation pattern. EMA20 is acting as dynamic support. 🧭 Strategy Notes: Wait for price to retrace into the 66.30 – 66.40 zone with a confirmation signal (e.g. bullish pin bar or engulfing candle). Consider scaling in and holding the position toward the resistance area of 68.40 – 68.50. Cut loss if price breaks below 65.60 and invalidates the current bullish structure. fl me & ytb, winrate 90%! Thank
TVC:USOILLong
by HungDaoGlobalTrading