Is anyone else trading the 5H (5-hour) timeframe, or am I the only one?
WTI Light Crude Oil forum
Is anyone else trading the 5H (5-hour) timeframe, or am I the only one?
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On the Hourly, we've got a Tweezers Top from the high of the last two candles having the same price at 64.11. If a bullish candle breaks through that price level (that serves as a Resistance Line) with a candle close above it, you'll see a BIG move to the upside. If not, then down it goes.

Real-time analysis of crude oil market: From the daily market, the SAR indicator pressure is 64.3. Today's strength and weakness conversion depends on the pressure range of 63.5 and last week's high point 63.8. For upward breakthrough, refer to the weekly MA5 moving average pressure point 64.8 and the daily trend line pressure point 65.2, and the weekly suppression point 66.6.
For 4-hour support, pay attention to the 61.8 position where the middle track and the daily MA5 moving average overlap. Below, look at the support range formed by the daily MA10 moving average 60.8 and the 4-hour Bollinger band lower track 60.4. As long as it breaks down, the weekly crude oil line is controlled by the long upper shadow K-line, and it is more important to pay attention to the decline caused by the break.
Crude oil strategy: Buy short orders in batches at highs of 64.8 and 65.8, stop loss 66.8, target 62.2-61
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📍$63.75 — Midday Reversal Attempt
After a sharp selloff off local highs, crude has begun a clean reversal bounce from short-term support around $63.60. The downtrend was cleanly broken, and we're now trading just above reclaimed structure.
🔍 Technical Highlights:
✅ Downtrend line broken with bullish engulfing candles on 5m
📏 Support held above previous low consolidation (green zone)
📈 MACD flipped positive, showing early bull momentum
💪 RSI rising from oversold (30→45) with space to run
🔭 What I’m Watching
If bulls hold $63.60, I expect a move toward $64.00–64.10
Break below trendline → possible revisit of $63.30
Volume isn’t aggressive yet — needs pickup for breakout extension
🧠 Sentiment + Context
With gold and oil both rebounding off session lows, risk sentiment may be stabilizing.
If macro headlines stay neutral and dollar strength softens intraday, oil may grind higher into U.S. close.
🗣️ Watching price action around this trendline flip — are bulls getting real follow-through, or is this just a liquidity tap before continuation down?

One of two scenarios can play out:
#1 - The retrace to the downside can be a retest of the Bearish Trendline, then back up again because the Hourly is in Bullish Market Bias. They can rise towards the S&R Zone above (that starts at 66.56)
#2 - The retrace to the downside can be towards the S&R Zone below (that starts at 62.24), flipping the market bias from Bullish to Bearish again from the bears dropping below the Bearish Trendline (in red dotted line).

Posting for the illustrious mustafabeercan on why the Big move up:
"Well, we went nova and oil heading up. OPEC, in my view, quietly released the compensation cuts it introduced, I only saw it by chance. probably worth reminding everyone that Friday and Monday is a bank holiday in the UK and as such, there is no trading...combination of things
OPEC applying cuts
Positive news on Tariffs... of course, probably worth adding that the OPEC news caused the huge spike during the London session and then it just gradually grew from there."