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USOIL
We will see heavy selling pressure; we will see oil possibly jump to 64.50 - 65.15 and sell-off should emerge from there down to pivotal level of 62.50.

Closure under 62.50; we will reach 60.00.

Holding of 62.50 then we will have further consolidation until further catalysts emerge.

Monthly, weekly and daily seem bearish, gold is on a rally like we are in a recession. Similar pattern seen in 2008-2010.

Oil might collapse in the mid-term after all, possibly to new lows eventually
USOIL
USOIL Daily Analysis: Key Levels and Intraday Trade Setups 18 April 2025

Daily Current Market Price (DCMP): 62.28

Market Context: USOIL trades below immediate resistance at 63.48 and above critical support at 60.15.

Key Levels Summary

Resistance Levels (Above DCMP):
Strong Resistance: 63.48 (Intraday Sell Zone)

Upper Breakout Threshold: 65.54

Support Levels (Below DCMP):
Immediate Support: 60.15 (Intraday Buy Zone)

Lower Breakdown Threshold: 59.89
Swing High/Low:

Daily Swing High: 73.11 (14 Nov 2024)
Daily Swing Low: 68.87 (14 Nov 2024)

Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 60.15
Stop Loss: 59.80 (Below Support2)
Take Profit 1: 61.36 (Pivot Level)
Take Profit 2: 62.26 (Resistance1)

Rationale:
Strong confluence at 60.15 (Weekly Pivot + Fib 38.2% retracement).
RSI divergence hints at bullish momentum reversal near support.

Trade Idea 2: Intraday Sell
Entry: 63.48
Stop Loss: 63.85 (Above Resistance3)
Take Profit 1: 62.28 (DCMP)
Take Profit 2: 60.45 (Support1)

Rationale:
Resistance cluster at 63.48 aligns with bearish MACD crossover.
Price rejection here could target DCMP and lower supports.
Technical Analysis Snapshot

Fibonacci Levels:

61.8% retracement at 60.45 acts as secondary buy zone.
23.6% extension at 65.54 signals potential sell territory.

Momentum Indicators:

RSI: Neutral at 48, but bullish divergence observed on 4H chart.
MACD: Histogram flips negative, suggesting short-term bearish pressure.

Price Action:

Failure to hold above 62.26 (Daily Pivot) confirms bearish bias.
Swing low at 68.87 remains a critical mid-term support marker.
Risk Management Notes
Tighten stops if DCMP breaks below 61.36 (Daily Pivot).
Monitor 4H closing prices above 63.48 for potential bullish reversal.
what a great week again 😎💰 just please remember your stop losses you can’t trade with out stop losses . Hopefully the ones who don’t use them might of broke even this week if there account was big enough . Peace out 😘
GoldenThesis
GOLD Happy Easter Everyone! We'll be watching the news very closely this weekend, identifying any potential triggers within the micro and macro economic and geopolitical landscape to correctly predict our pre-market monday trades. Follow us for predictions, market sentiment and trading technicals! MGCM2025 USOIL GOLD GOLD GOLD1!
Proforexking
GOLD On Good Friday, the Forex market is generally closed or has very limited liquidity, especially the major financial centers like London, New York, and Sydney are closed. Some brokers might allow trading, but spreads will be wide and the market will be quiet. GBPJPY USDJPY USOIL DXY