OILUSD rejected at the 6 EMA on weekly TF Also Down we come 🪂
WTI Oil Spot forum
OILUSD rejected at the 6 EMA on weekly TF Also Down we come 🪂
OILUSD printer is bk on 🚀
USOIL 👟The shoe knows...even more than the 🪙OILUSD bear flag on weekly timeframe We have a 14 percent poll , im calling we come down to recover the wick at around 55
USOIL Current support 62.42 next resistance sits at 65.21 below it 59.94 its important to wait to see which side itll break to no bias here today being a bank holiday,happy trading.
USOIL 🛢️ USOIL Daily Analysis Based on Key Levels – April 21, 2025
Current Market Price (DCMP): 🌐 62.80
🔍 Critical Price Zones
Resistance (Above DCMP):
R1: 64.20 🛑 (Immediate Ceiling)
R2: 65.20
R3: 66.83
Support (Below DCMP):
S1: 62.57 🟢 (Strong Floor)
S2: 60.95
S3: 59.94
📊 Technical Snapshot
Swing High: 72.77
Swing Low: 59.90
Price consolidating near 3-week highs after breakout
RSI: 52 (Neutral with bullish bias)
MACD: Bullish momentum fading on 4H chart
Fib Levels: 50% retracement at 62.57 aligns with S1
💡 Intraday Trade Setups
1️⃣ Buy Setup
Entry: 62.57 🟩
Stop Loss: 61.80 🛑
Take Profit 1: 64.20 ✅
Take Profit 2: 65.20 ✅
Trigger: Bullish reversal candlestick at S1
2️⃣ Sell Setup
Entry: 64.20 🟥
Stop Loss: 65.00 🛑
Take Profit 1: 62.57 ✅
Take Profit 2: 60.95 ✅
Trigger: Bearish rejection at R1 with overbought RSI
🎯 Conclusion
USOIL shows consolidation between 62.57-64.20. Favor buying dips near Fib support and selling rallies at resistance. Monitor EIA data for fundamental triggers.
USOIL will suddenly jump for no reason
GOLD CHINA VOWS RETALIATION AGAINST COUNTRIES THAT FOLLOW U.S. CALLS TO ISOLATE BEIJINGChina on Monday warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, as the trade war between the world’s two largest economies threatens to embroil other nations.
China’s warning comes as U.S. President Donald Trump’s administration is reportedly planning to use tariff negotiations to pressure U.S. partners to limit their dealings with China. Trump this month paused major tariff increases on other countries for 90 days, while hiking duties further on goods from China to 145%.
“China firmly opposes any party reaching a deal at the expense of China’s interests. If this happens, China will not accept it and will resolutely take reciprocal countermeasures,” the Chinese Ministry of Commerce said, according to a CNBC translation.
The ministry cautioned about the risk to all countries once international trade returns to the “law of the jungle.”
SPX 
NVDA 
SILVER USOIL
USOIL Switching to the 4-Hour, a Bearish Harami that is a top reversal pattern formed at the peak of a rally for the bears to descend. Nearby is a Bullish Trendline (in green dotted line). If the bears drop down more and move to the right of the trendline, the market (directional) bias will flip from Bullish to Bearish for the most profitable moves to be bearish ones. Let's see if it happens.
USOIL On the Hourly that is in Bearish (directional) Market Bias after the bears dropped below the Bearish Trendline (in red dotted line), a Double Inside Day showed up. So, a BIG move is coming.