USOIL Next buy setup! good luck
WTI Crude (OIL) / US Dollar forum
USOIL Next buy setup! good luck
USOIL HS-pattern forming in 5 min chart.if we break down and activate that pattern, TP1 should be a save hit. around 62.2 USD
WTICOUSD be mindful of your trades and personally I'm hands off until inventories, if at all today as it is a family day.opec.org/monthly-oil-market-report.html
WTI big battle going on btw sell and buy at 62.500USOIL if we break that structure to the downside...here is my idea
USOIL 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support: 61.00 USD, 59.50 USD, 58.00 USD
Daily Resistance: 64.00 USD, 65.50 USD, 66.50 USD
4-Hour Support: 62.00 USD, 61.50 USD, 60.70 USD
4-Hour Resistance: 63.50 USD, 64.20 USD, 65.00 USD
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: 61.45 USD
EMA 100: 60.80 USD
EMA 200: 59.00 USD
EMA 400: 57.50 USD
4-Hour EMA Levels:
EMA 50: 62.05 USD
EMA 100: 61.75 USD
EMA 200: 61.00 USD
EMA 400: 60.50 USD
Weekly Pivots
Weekly Pivot Points:
1st Level: 62.50 USD
2nd Level: 63.00 USD
3rd Level: 63.50 USD
Daily Pivots
Daily Pivot Points:
1st Level: 62.25 USD
2nd Level: 62.50 USD
3rd Level: 62.75 USD
Fibonacci Retracement Levels
Fibonacci Levels:
23.6% Level: 61.53 USD
38.2% Level: 62.74 USD
50% Level: 62.11 USD
61.8% Level: 63.25 USD
Fundamental Analysis and Upcoming USD News
In addition to technical indicators, fundamental analysis plays a crucial role in the USOIL market. Key upcoming USD news includes:
Consumer Price Index (CPI) Release: Scheduled for next week, this report will provide insights into inflation trends, potentially impacting oil prices.
Federal Reserve Meeting: The upcoming meeting will focus on interest rate decisions, which can influence market liquidity and demand for oil.
Crude Oil Inventories Report: This weekly report will reveal the current supply levels of crude oil, affecting market sentiment and price movements.
These events are critical as they can lead to increased volatility in the USOIL market, influencing trading strategies.
Conclusion
In summary, the current analysis of the USOIL market highlights several key technical levels and indicators. With the price at 62.79 USD, traders should pay close attention to the identified support and resistance levels, EMA values, and upcoming USD news. By combining technical and fundamental analysis, traders can make informed decisions in this dynamic market.
USOIL 1/1 USOIL Daily Market Analysis—May 14, 2025
Introduction
As of today, the live price of USOIL stands at 62.79 USD. In this analysis, we will delve into the daily and 4-hour timeframes to provide a comprehensive overview of the market using various technical indicators. This analysis will cover support and resistance levels, Fibonacci retracement, Exponential Moving Averages (EMA), RSI divergence, order blocks, and MACD. Additionally, we will take a look at the upcoming USD news that may impact the USOIL market.
Market Overview
Current Price: 62.79 USD
The current market price of USOIL is critical for identifying trading opportunities. Let's analyze the daily and 4-hour charts to understand the market dynamics better.
Technical Analysis
Support & Resistance Levels
Daily Timeframe:
Support Levels:
61.00 USD
59.50 USD
58.00 USD
Resistance Levels:
64.00 USD
65.50 USD
66.50 USD
4-Hour Timeframe:
Support Levels:
62.00 USD
61.50 USD
60.70 USD
Resistance Levels:
63.50 USD
64.20 USD
65.00 USD
Fibonacci Retracement Levels
Using the swing high of 64.83 USD and swing low of 55.39 USD, we can calculate the Fibonacci retracement levels:
23.6% Level: 61.53 USD
38.2% Level: 62.74 USD
50% Level: 62.11 USD
61.8% Level: 63.25 USD
These levels indicate potential reversal zones and are crucial for traders looking to enter or exit positions.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 61.45 USD
EMA 100: 60.80 USD
EMA 200: 59.00 USD
EMA 400: 57.50 USD
4-Hour Time Frame:
EMA 50: 62.05 USD
EMA 100: 61.75 USD
EMA 200: 61.00 USD
EMA 400: 60.50 USD
The EMA levels provide insight into the market's trend direction. Currently, the price is above the EMA levels, suggesting a bullish trend.
RSI Divergence
The Relative Strength Index (RSI) on both timeframes is essential for identifying potential reversals. Currently, the RSI shows bullish divergence on the daily timeframe, indicating that despite lower price levels, the momentum is increasing. The RSI is at 55, suggesting that the market is neither overbought nor oversold.
Order Blocks
Order blocks are significant areas where large institutional orders have been placed. On the daily timeframe, we identify an order block around 61.00 USD, which may act as a strong support level. On the 4-hour timeframe, an order block exists at 63.50 USD, indicating a potential resistance zone.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover on the daily timeframe, suggesting a potential upward momentum. The MACD line is above the signal line, reinforcing the bullish sentiment in the market.
USOIL waiting to see how the price reacts around 63.18-63.20, if it fails down it goes to 61.91-61.88. Still, keeping support at 62.80, so I would not be too sure if the sell off will continue today
USOIL Lots of liquidity pools below 👇🏼 and openings to be breached looking for a good entry bears 🐻 missed the London train.