US Oil Trade Setup – 17th Nov

US Oil (WTI) starts the week at a critical inflection point, with market sentiment shifting after following developments in global supply flows and geopolitical risk pricing. The resumption of key Russian export loadings, combined with a softer demand tone through the overnight Asian session, has pressured crude back toward the lower end of its recent range. Despite continued volatility across energy markets, near-term price action remains highly sensitive to marginal changes in physical supply and positioning among CTAs and macro funds. For us, today’s backdrop offers a strategically attractive environment: clearly defined technical structures, improving liquidity as London comes online, and a well-framed fundamental narrative. This combination provides a disciplined basis for identifying high-conviction, asymmetric opportunities in WTI. US Oil Trade Setup: Pair / Asset Bias & Entries Stop / Invalidation Targets Why A+ (Fundamentals, Technicals, Sentiment) Near-term catalysts (UK time) WTI – US Oil SHORT on strength 59.80 – 60.20 (fade), or momentum short on a 1h close < 59.10 60.90 daily close T1: 58.20  T2: 57.50 Fundamentals: Asia session drop after Novorossiysk loadings resumed; supply risk premium unwound. Near-term flow still leans soft while market weighs OPEC+/Russia headlines. Technicals: Rejection at $60 round-number; last week’s bounce failed at prior breakdown; 1h/4h bear trend intact. Sentiment: CTA/short-gamma flows favor follow-through under 59; stops above 60.50 – 60.80. All day: Russia/export headlines; US energy newsflow; broader risk tone (NVDA week) can tug beta. Chart by TradingView – US Oil Trade Setup – 17th Nov Conclusion With WTI poised beneath a well-defended resistance zone and broader risk appetite mixed ahead of key US catalysts, the market continues to favor a measured, tactical approach. The confluence of softer supply-demand signals, systematic selling flows below $60, and repeated rejections at the upper boundary of the short-term range reinforces the bearish skew for intraday traders. As always, disciplined execution and adherence to clearly defined invalidation levels remain essential, particularly given the sensitivity of crude to geopolitical headlines and sudden liquidity pockets. Provided these conditions hold, the current setup offers a compelling, risk-controlled opportunity to align with prevailing market dynamics while retaining flexibility should the macro backdrop shift. This analysis is for informational purposes only and does not constitute investment advice. Trading involves risk; manage exposure accordingly. For similar FX Trade Setups please visit our FX Trade Ideas page. Please visit our Disclaimer page. Disclaimer Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. TerraBullMarkets.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets or any financial instrument involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TerraBullMarkets.com nor any of its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. TerraBullMarkets.com and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. TerraBullMarkets.com and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and TerraBullMarkets.com are not registered investment advisors and nothing in this article is intended to be investment advice. TerraBullMarkets...