U.S. DOLLAR / WTI CRUDE OIL forum
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.
USOIL Buy Now 63.60Target 65.60
stop loss 62.60
follow me Guyys
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 😘
USOIL Nice push to the upside!
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!
WTICOUSD expect further flip flop to come. It's a bank holiday in the UK and other countries on Friday and Monday. expect volumes to be low.
oilprice.com/Energy/Energy-General/OPEC-Vows-to-Offset-457-Million-Bpd-Overproduction-by-June-2026.amp.html
USOIL Sell Now 63.70Tp1 63.00
Tp2 62.00
Tp3 61.00
Tp4 60.00
Stop loss 64.50
USOIL Is anyone else trading the 5H (5-hour) timeframe, or am I the only one?