Crude oil (USOIL) is trading at 61.14 USD as of May 9, 2025, showing interesting technical patterns across multiple timeframes. This analysis combines classical technical indicators with Smart Money Concepts (SMC) to identify high-probability trading opportunities.
RSI: 42 (neutral, no divergence detected) MACD: Histogram below zero but showing potential convergence Order Blocks: Significant sell block between 63.00-63.50
OILUSD I’m learning towards a move down next week , This weekly candle is being rejected by the 6Ema , as it stands at the minute it hasn’t engulfed last weeks candle which to me is slightly bearish , or we do drop slightly to form a right shoulder on a possible inverse head and shoulders on weekly , there my two possibilities for next week , currently out of position Taken profits have a good weekend everyone 🚀
USOIL Real-time analysis of crude oil market: From the market, the daily MA30 moving average is glued to the daily middle track under pressure at 61.5, the weekly MA5 moving average moves up to 61.7, and the daily SAR indicator pressure point is at 62. The monthly MA120 moving average is at 62.8. In terms of support, the 4-hour Bollinger band middle track is at 59.3. If it breaks down, it will continue to fall. The reference below is 58.6. The support range formed by last night's low of 57.7. Overall, the crude oil price on Friday broke through yesterday's high of 60.2, so the rebound will be prioritized during the day, and consider entering short orders after the volume weakens. Crude oil trading suggestions: 1. 61.3-61.7 short, stop loss 62.3, target 60.3-59.7, break down and hold; 2. Go long in the 58.5-58 area, stop loss 57.5, target 59.5-60.5; Trading is risky, and profits and losses are at your own risk. The specific guidance shall be subject to real-time signal guidance. USOILUSOILSPOTUSOILUSOILUSOIL
USOIL Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.89 per barrel, down from Thursday’s close at...
USOIL on 1h chart this is in an extreme overbought territory, some correction might be due but probably a mild one, this rally is too strong, it will need some real effort to turn around
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