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.
West Texas Intermediate Crude Oil Fut CLG5 Exp 16/01/2025 21:59 forum
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.
USOIL Crude oil fluctuated and rebounded, and the weekly closed positive again. The rebound will continue in the short term. The overall trend is still bearish, so it is better to go short and long. The upper pressure levels are 64, 65 and 66 respectively, and the lower support levels are 62.3, 61.5 and 61 respectively. The following operation suggestions are given today. Operation suggestion: wait for the retracement to around 62.4, long, loss 61.9, short-term, near 64, target around 65.Personal opinion, for reference only.
USOIL USOIL strategy discussionIdea: Concerns about demand limit th…
USOIL The Butterfly Effect of the Trump Administration's Heavy Blow to Iranian Oil Exports and the Consequent Rise in Oil PricesIdea: The new US sanctions on Irania…
USOIL USOIL (WTI Crude) – 12H & 5H Precision Outlook
Current Price: $63.70 – $64.00
Status: High-stakes zone — smart money is positioning 🎯🧠
Key Trade Setups & Zones
1. Long Setup – Pullback Buy 🟢📈
Entry: $63.30 – $63.75
Target: $65.30 (Fair Value Gap CE) 🎯
Context:
Smart money could wick price into this zone before launching higher.
Look for a clean 5H bullish candle to confirm entry ✅
This is the base case for now.
2. Breakout Long – Confirmation Entry 🚀🔥
Entry: $64.00 – $64.20 (after body close above)
Targets:
• TP1: $64.80 🥇
• TP2: $65.30 🎯
• TP3: $65.80 – $66.00 (possible final sweep) ⚠️🧲
Conditions:
• Volume must support the move
• No strong upper wick rejections
• Strong bullish momentum needed to stay above $64.20
3. Key Reversal Short – CE Trap 🔻🪤
Entry: $65.30 (12H FVG Consequent Encroachment)
Trigger: Sharp rejection / wick above CE
Targets:
• TP1: $62.00
• TP2: $61.00
• TP3: $60.40 (order block + full FVG fill) 💥
This is a high-probability short zone — where institutions typically offload.
A rejection here signals exhaustion and a likely reversal back to imbalance zones.
4. Break Below – Bearish Shift 🔴📉
Entry: Breakdown under $63.50 – $63.30
Trigger: Bearish candle / structure break
Targets:
• TP1: $62.00
• TP2: $61.00
• TP3: $60.40 (magnet OB zone) 🧲
If price can’t hold above $63.30, the bullish case is invalidated.
This could lead to a clean flush toward the macro FVG and order block area.
Big Picture Summary 🧩
• Primary Move: Push into $65.30 CE 🎯
• High-Probability Short: From $65.30 – $65.80 zone 🔻
• Extended Wick Risk: $66.00 sweep possible but less likely ⚠️
• Major Rejection Target: $60.40 – $61.00 (magnetic zone + FVG fill) 🧲
Let price prove its move — then strike with confidence.
⚠️⚠️⚠️
This is not a financial advice, this is basically my key technical levels I have my eyes set on for high probability trades.