WTI Oil Spot forum

WORLDBESTTRADERS

43 minutes ago

Don't take unnecessary risk, move to b/e now, just in case the yoyo ain't yoyoing anymore lol

Tommy123456789

1 hour ago

Re inked the printer printing the money
AGAIN 🚀

mustafabeercan

2 hours ago

There was bit of a flip flop around London open. This has been seen before, each rally was met with fierce selling force. There is nothing but free air below $61, other than previous POCs when we last ranged there. London is currently acting as resistance. If NYSE is not supportive then we will pick off each swing point as we move down. However keep in mind that the front of month contracts for the coming year are around $59/$60. We have seen this before, each rally was met with fierce selling. Once thing to keep in mind is the long term goal of Trump is to weaken the $ in order to encourage more to invest.
Keep an eye for those sudden moves and best to wait until 2PM GMT at least before trading.

IBGSCALPER

2 hours ago

My shorts are running nicely :) will close around 59 ish

somayehbasiri

2 hours ago

intraday trade , base on Asia section,
buy , 61.50
sl:61.10
tp:62.4

NeomGoldForexVIPSignals

2 hours ago

USOIL Daily Analysis Based on Main Key Levels – April 29, 2025

Daily Current Market Price (DCMP): 61.38

🔍 Key Technical Snapshot

Swing High: 72.77
Swing Low: 61.55

Above DCMP (Resistance): 61.92, 63.16, 63.67
Below DCMP (Support): 61.14, 61.01, 60.19

📊 Trade Setups

1️⃣ Intraday Buy Trade

Entry: 61.14 (Strong Support Zone)
Stop Loss: 60.19 (Support3)
Take Profit 1: 61.92
Take Profit 2: 61.38 (DCMP Retest)

Rationale: Price tests 38.2% Fibonacci retracement (61.55-72.77) with bullish RSI divergence.

2️⃣ Intraday Sell Trade

Entry: 61.92 (Key Resistance Cluster)
Stop Loss: 63.16 (Resistance1)
Take Profit 1: 61.14
Take Profit 2: 60.19

Rationale: Bearish MACD crossover near 61.92-63.16 supply zone.

📉 Technical Indicators

Fibonacci Levels: 61.55 (Swing Low) to 72.77 (Swing High) retracement active.
RSI: 52 (Neutral with bearish momentum building).
MACD: Lines converging near zero, potential trend shift.

💡 Analyst Insight

USOIL oscillates between 61.14-61.92 with DCMP (61.38) as pivot. OPEC+ production risks loom near 61.92 psychological level.