CFDs on Crude Oil (WTI) forum
WTI I'll Keep This Simple:On the Hourly that is in Bearish Market Bias, I've never seen this before for WTI Crude Oil, but we've got back-to-back patterns: the first is a Double Inside Day, followed by a Quadruple Inside Day. Oh Boy! Many of you know that means we have a MASSIVE move coming. Maybe more than one.
On the 4-Hour timeframe, a Double Inside Day showed up too, so more confirmation that you'll need to be ready for what's about to happen, either to the upside or the downside.
USOIL OPEC+, who has been holding back supply while falsely promoting forecasts of increased demand for 2025 needs to turn the taps wide open, crash the price to unprecedented levels, compelling U.S. producers to ignore or resist Angry Orange Baby's decree to drill as unprofitable.
XTIUSD For now it's probably going up to 75 ish area then I'll decide to enter longs or shorts. I have longs from 74.08 currently,. What do ya'll think is gonna happen?
USOIL sell only sell
USOIL buy only buy
USOIL 📊 USOIL 24th January 2025 Daily Analysis Based on Main Key Levels
Introduction
In the ever-evolving landscape of oil trading, understanding market dynamics is crucial for success. This blog provides a detailed analysis of USOIL, focusing on key support and resistance levels, along with actionable trade setups.
Current Market Overview
The current Daily Current Market Price (DCMP) for USOIL is 75.47.
Key Levels Summary
Resistance Levels Above DCMP (75.47)
🔺 Resistance 1: 76.01
🔺 Resistance 2: 75.89
🔺 Resistance 3: 76.56
Support Levels Below DCMP (75.47)
🟢 Support 1: 74.57
🟢 Support 2: 74.12
🟢 Support 3: 73.70
Swing Levels
📊 Swing High: 80.73
📊 Swing Low: 72.87
Trade Setup
💼 Intraday Buy Trade Setup
Entry Price: ✨ 74.57
Stop Loss: ❌ 74.00
Take Profit 1: 🎯 75.00
Take Profit 2: 🎯 75.89
Reason for Entry:
The support level at 74.57 is below the DCMP, indicating a strong buying opportunity. This level is reinforced by significant technical support, suggesting potential upward movement.
💼 Intraday Sell Trade Setup
Entry Price: ✨ 76.01
Stop Loss: ❌ 76.50
Take Profit 1: 🎯 75.89
Take Profit 2: 🎯 76.56
Reason for Entry:
The resistance level at 76.01 is just above the DCMP, providing a viable selling opportunity. This level coincides with key technical resistance, indicating potential downward movement.
Analysis Summary
Resistance and Support Levels: Key levels indicate potential reversal zones. Resistance levels are at 76.01, 75.89, and 76.56, while support levels are at 74.57, 74.12, and 73.70.
Swing Levels: The Swing High is at 80.73, and the Swing Low is at 72.87.
Pivot Levels: The pivot level is at 74.79, providing additional context for potential reversals.
Fibonacci Levels: Significant retracement and extension levels align with the identified support and resistance zones.
RSI Divergence: Indicates potential overbought conditions at resistance levels and oversold conditions at support levels.
MACD Crossing: Suggests bullish momentum at support levels and bearish momentum at resistance levels, confirming trade setups.
Conclusion
This analysis equips traders with essential insights and key levels to navigate the USOIL market effectively. With the current market price at 75.47, traders can leverage the outlined support and resistance levels, along with technical indicators, to make informed trading decisions. Stay tuned for further updates and analyses!
USOIL oil could be 100
USOIL Retracement from the sell down ? if anything, opec may not change their opinions but economic data over time will push crude lower but as for now in my opinion buys 🚀WTI Heads Up!A Double Inside Day pattern showed up on the Hourly, so a BIG move is coming, either to the upside or the downside.
USOIL price make a new lows after trump asks to cheaper oil.