Weekly Analysis of Crude Oil (USOIL) Based on the SMB Strategy📊 Weekly Analysis of Crude Oil (USOIL) Based on the SMB Strategy
In this analysis, key levels, potential market reactions, and trading opportunities are examined based on price action and the SMB strategy principles.
🔎 Key Levels Identification (Support and Resistance):
Major Resistance:
The 72.000 level is considered a significant resistance.
A potential bearish reaction to this level is expected.
If this level is broken with strong momentum, prices may advance toward 74.000 and 75.000.
Major Support:
The 70.000 level is identified as a psychological and key market support.
A bullish reaction at this level may provide buying opportunities.
A breakdown of this support could push prices toward 68.000.
🔥 Price Action Analysis (Based on Market Behavior):
Current Trend:
The short-term trend is bullish, but the market is at a decision point near the 72.000 resistance.
Bullish Scenario:
If the 72.000 resistance is broken with a strong bullish candle and high volume, prices are likely to continue higher toward 74.000 and 75.000.
This move could occur due to the stop-losses of retail sellers being hit and institutional players joining the trend.
Bearish Scenario:
If a bearish reversal candle forms at the 72.000 resistance, the price may move toward the 70.000 support.
A break below the 70.000 support could lead to further downside toward 68.000.
📈 Proposed Trade Signals Based on SMB Strategy:
Buying Opportunity on Breakout of 72.000 Resistance:
Entry Confirmation: A strong breakout above the 72.000 level with a bullish candle and high volume.
Stop Loss: 71.500 (below the breakout level).
Targets:
Target 1: 74.000
Target 2: 75.000
Selling Opportunity on Rejection at 72.000 Resistance:
Entry Confirmation: Formation of a bearish reversal candle at the 72.000 level.
Stop Loss: 72.500 (above the resistance level).
Targets:
Target 1: 70.000
Target 2: 68.000
Buying Opportunity at 70.000 Support:
Entry Confirmation: A strong bullish reaction at the 70.000 support with a valid bullish candle formation.
Stop Loss: 69.500 (below the support level).
Targets:
Target 1: 72.000
Target 2: 74.000
🚀 SMB Summary and Recommendations:
Closely monitor market behavior at the key levels (72.000 and 70.000).
Wait for price action confirmations (such as strong candles and high volume) in breakouts or reversals.
Use tight stop-losses and aim for large profits by aligning with institutional market players.
