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USOIL
⛽ USOIL Daily Analysis Based on Main Key Levels - [April 23, 2025]

Daily Current Market Price (DCMP): 64.64

Market Position: Trading above immediate support at 64.20 and below resistance at 65.20

🔑 Critical Technical Levels

Resistance (Above DCMP)

🛑 65.20 - Intraday sell trigger (Weekly pivot resistance)
🛑 66.83 - Macro trendline resistance
🛑 64.50 - Fib 1.618 extension zone

Support (Below DCMP)

🟢 64.20 - High-probability buy zone (38.2% Fib retracement)
🟢 62.91 - Liquidity cluster
🟢 59.90 - Multi-week swing low

Swing Levels

↗️ Swing High: 72.77 (Daily timeframe)
↙️ Swing Low: 59.90 (4H timeframe)

💎 Intraday Trade Setups

Buy Opportunity

Entry: 64.20 🎯
Stop Loss: 62.53 🚫
Take Profit 1: 65.20 ✅
Take Profit 2: 66.83 ✅

Rationale:

Confluence of weekly support & Fibonacci retracement
Bullish RSI divergence on 4H timeframe
MACD line converging toward signal line

Sell Opportunity

Entry: 65.20 🎯
Stop Loss: 66.83 🚫
Take Profit 1: 64.20 ✅
Take Profit 2: 62.91 ✅

Rationale:

Resistance aligns with descending channel upper boundary
Bearish volume surge near 65.00 level
Overbought conditions on stochastic oscillator

📊 Technical Landscape

Fibonacci: 64.20 aligns with 38.2% retracement of 59.90-72.77 swing
RSI: Neutral at 52.4 with hidden bullish divergence
MACD: Histogram showing weakening bearish momentum
Price Action: Ascending triangle pattern below 65.20
Thief_Trader
USOIL Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!
however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries.

Stop Loss 🛑:
📍 Thief SL placed at the recent/swing low level Using the 3H timeframe (60.50) Day/Scalping trade basis.
📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take.

🏴‍☠️Target 🎯: 68.70
Snapshot
mustafabeercan
WTICOUSD we should have an interesting day ahead. London opened as indecision and we started to sell off at 9am GMT. This looks to be a breakout and retest. Above, we have the last major support zone which could turn to resistance at $66 on WTI and theoretically will cap any advances. $65.50 on USoil. Brent Crude is looking to reach $70 and if you combine the two, oil hasn't quite finished its up move yet. We need NYSE to open and continue the buying for confirmation.
Snapshot
beyond50
USOIL Here We Go Again!
On the Hourly, another Double Inside Day formed. That means a BIG move coming.
Snapshot
mustafabeercan
WTICOUSD lots of instruments jumped when this was announced:

Donald Trump says he has ‘no intention’ of firing Jay Powell

Guess he listened to those saying, such a move would crash the economy... more than it already has.
beyond50
USOIL Unique Situation:
A BIG move is coming from the Double Inside Day that showed up on the Hourly at the end of the New York session.

Also, the last three candles all have a low at the same price of 63.39 to create a Support Line. Price action can go up with a bullish rally from that line OR a bearish candle can break through the Support Line to encourage a BIG move to the downside, towards the S&R Zone below (that starts at 62.29).
Snapshot