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WTI

USOIL
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60.739USD

+0.176+0.29%
Time
1m
15m
30m
1h
4h
D
W
Please select

Today

+0.29%

5 Days

-0.90%

1 Month

-5.20%

6 Months

-13.26%

Year to Date

-15.07%

1 Year

-20.98%

View Detailed Chart

Key Data Points

Opening Price

60.591

Previous Closing Price

60.563
Price Range of the Day
60.54060.770
52-Week Price Range
54.75383.923

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Sell
Sell(7)
Neutral(4)
Buy(1)
Indicators
Sell(2)
Neutral(4)
Buy(0)
Indicators
Value
Direction
MACD(12,26,9)
0.513
Neutral
RSI(14)
47.007
Neutral
STOCH(KDJ)(9,3,3)
25.799
Sell
ATR(14)
1.852
Low Volatility
CCI(14)
-14.519
Neutral
Williams %R
45.054
Neutral
TRIX(12,20)
-0.045
Sell
StochRSI(14)
13.933
Oversold
Moving Average
Sell(5)
Neutral(0)
Buy(1)
Indicators
Value
Direction
MA5
61.289
Sell
MA10
61.629
Sell
MA20
60.279
Buy
MA50
63.147
Sell
MA100
67.471
Sell
MA200
68.938
Sell

WTI Trading Strategy

Intraday
Medium Term
Short Term
Long positions above 60.30 with targets at 61.30 & 61.75 in extension.

Trading Strategy

Long positions above 60.30 with targets at 61.30 & 61.75 in extension.

Alternative scenario

below 60.30 look for further downside with 59.50 & 58.80 as targets.

Comment

long positions above 60.30 with targets at 61.30 & 61.75 in extension.

2 hours ago
Source: Trading Central(Reference Only)

WTI News

US crude oil storage demand surges as traders brace for OPEC+ price war

NEW YORK, May 22 (Reuters) - U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting C

Reutersan hour ago
NEW YORK, May 22 (Reuters) - U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting C

Crude Oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $61.60 per barrel, up from Wednesday’s close at $61.23.

Fxstreet19 hours ago
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $61.60 per barrel, up from Wednesday’s close at $61.23.

WTI slumps to near $61.00, traders await fresh round of nuclear talks between US and Iran

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.

Fxstreet23 hours ago
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.

WTI Crude Oil faces major resistance at $62.00

Oil prices have been under persistent pressure since the inauguration of US President Donald Trump in January, weighed down by a combination of recession fears, rising global supply, and a softer US Dollar.

FxstreetWed, May 21
Oil prices have been under persistent pressure since the inauguration of US President Donald Trump in January, weighed down by a combination of recession fears, rising global supply, and a softer US Dollar.

Geopolitical risks grow – ING

The oil market spiked in early morning trading on media reports suggesting that Israel could be planning a strike on Iranian nuclear facilities, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

FxstreetWed, May 21
The oil market spiked in early morning trading on media reports suggesting that Israel could be planning a strike on Iranian nuclear facilities, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

WTI remains above $62.50 following news of Israel planning to hit Iranian nuclear sites

West Texas Intermediate (WTI) Oil price extends its gains for the fourth successive session, trading around $62.70 per barrel during the early European hours on Wednesday.

FxstreetWed, May 21
West Texas Intermediate (WTI) Oil price extends its gains for the fourth successive session, trading around $62.70 per barrel during the early European hours on Wednesday.

More Details of WTI

USOIL, commonly referred to as West Texas Intermediate (WTI) crude oil, is a light, sweet crude oil that serves as one of the primary benchmarks for oil pricing in the global market. Sourced primarily from oil fields in the United States, particularly in Texas and Oklahoma, WTI crude oil is known for its API gravity of around 39.6 degrees, which classifies it as ‘light,’ and its low sulfur content, which makes it ‘sweet.’ These characteristics make WTI crude highly desirable for refining into gasoline, diesel, and other high-value petroleum products. The price of USOIL is set on the New York Mercantile Exchange (NYMEX) and is traded in the form of futures contracts, which allow market participants to buy and sell the commodity for delivery at a future date. These contracts are standardized, with each representing 1,000 barrels of crude oil. The USOIL futures market is one of the most liquid in the world, attracting a diverse range of traders, including producers, refiners, hedge funds, and individual investors. The price of USOIL is influenced by a complex interplay of factors, including: Global supply and demand dynamics: Fluctuations in oil production, particularly from major producers like the United States, Russia, and Saudi Arabia, as well as changes in global consumption patterns, can significantly impact prices. OPEC and non-OPEC production quotas: Decisions by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to increase or decrease oil production can cause substantial price movements. Geopolitical events: Conflicts, sanctions, and political instability in oil-producing regions can lead to supply disruptions and volatility in oil prices. Economic indicators: The health of the global economy, as indicated by GDP growth rates, industrial production, and other economic data, affects the demand for oil and, consequently, its price. Inventory levels: Reports on oil stockpiles, particularly those published by the American Petroleum Institute (API) and the Energy Information Administration (EIA), can influence prices based on whether they show a surplus or a deficit in supply. Currency fluctuations: Since oil is traded in U.S. dollars, movements in the value of the dollar can affect the price of oil in other currencies, influencing international demand. Given its importance in the global energy market, USOIL is a key commodity for traders looking to speculate on price movements or hedge against oil price volatility. However, trading USOIL can be risky and requires a solid understanding of the market forces at play, as well as careful risk management.
How does the price of USOIL fluctuate?
he price of USOIL can fluctuate due to several factors, including global supply and demand, OPEC production levels, geopolitical tensions, economic growth, currency fluctuations, and changes in inventory levels.
Can individual investors trade USOIL?
Yes, individual investors can trade USOIL through futures contracts, options, exchange-traded funds (ETFs), and other derivative instruments. However, trading commodities can be risky and is best suited for experienced investors.
What is the main difference between USOIL (WTI) and UKOIL(Brent crude oil)?
USOIL (WTI) and Brent crude are the two major global oil benchmarks. The primary difference is their location and quality. WTI is produced in the United States and is lighter and sweeter (less sulfur) than Brent, which is produced in the North Sea and has a slightly higher sulfur content.

Related Instruments

WTI

60.739

+0.176+0.29%
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