Crude Oil Trading Strategies and Daily Market Breakdown

so what's your strategy

In Simpler terms, Break and Retest of Zones using Market Patterns and FIMWET Principle ( a self-developed Price-action based approach, where i plot my technicals to give me confluences for entries, and exits.)

Break and Retest of Zones using Market Patterns and FIMWET Principle ( a self-developed Price-action based approach, where i plot my technicals to give me confluences for entries, and exits.)

USOIL TRADE PROJECTION
Market sentiment: Bullish
Fundamental Analysis: The US-Iran Ceasefire deal has ended, as announced by President trump at the NATO summit today. There has been fresh airstrikes from US on Iran and a ban on sales of Iranian oil. Oil is currently back to trading above $75 per Barrel.
Technical Analysis: Oil rallies right at the rebound of the 67.82-67.25 Major Support region which confluences with a retest of the Trend resistance it broke out from in March 2026. The rally is expected to last to 84.54 resistance price level, before any retracements will kick in.

USOIL TRADE PROJECTION

Market sentiment: Bullish

Technical Analysis: Oil rallies right at the rebound of the 67.82-67.25 Major Support region which confluences with a retest of the Trend resistance it broke out from in March 2026. The rally is expected to last to 84.54 resistance price level, before any retracements will kick in.

A break above the 77.00-78.00 price region will present an entry opportunity to the next price target at 84.54.

Fundamental Analysis: The US-Iran Ceasefire deal has ended, as announced by President trump at the NATO summit today. There has been fresh airstrikes from US on Iran and a ban on sales of Iranian oil. Oil is currently back to trading above $75 per Barrel.

UK (BRENT) OIL TRADE PROJECTION

Market sentiment: Bullish

Technical Analysis: UK Oil rallies this week after dropping for the past 7 weeks. We see a bounce off at the 7,061-7,113 Price Support zone as expected last week (illustrated in the charts).

Fundamental Analysis: Following an end to the US-Iran Ceasefire deal which didn't last up to 60 days as was stated, Oil Cost is expected to surge aggressively as long as the US-Iran War continues.

USOIL is bullish...

Let's hope the news will be your favor for it to buy to your tp

UK Oil- I'm expecting a pullback to 7685-7653 internal support region that confluences with the trend support, for the buy continuations.

If the conflict escalates further, the market will likely price in a higher geopolitical risk premium. I'll also be watching supply disruptions and OPEC headlines, as they'll determine whether the oil rally has enough momentum to continue.

Alright. noted. on UK Oil, i'll be watching out for Buy continuations at the 7685 internal support region.

Is it ukoil or usoil please

If price is bouncing back should be from 71.627 to 70.283

If price starts retracing downwards, I'd likely take the sells down to that you level

UKOIL respected my entry zone briefly, before breaking below it. did you catch the sells?

USOIL respected my zone briefly, before breaking below my entry. I'll watch out for it's reactions at the 70.0 price level, just like you mentioned.

It is both. They have similar market structure.

USOIL- I'll wait for price rebound to join the buy continuations at 70.00-69 .00 support region.

No I couldn't catch the sells

I'll look out for buys then...

Price is presently in the rectangle shape I drew, showing some reactions, a break above Asia session high will give more opportunities for long

They have little difference, ukoil is the international benchmark for crude oil, representing oil produced primarily from the North Sea and used to price most of the world's oil.

While

The Usoil is the US benchmark for crude oil, representing oil produced primarily in the United States and used to price oil in the North American market.