West Texas Intermediate Crude Oil Fut CLX4 Exp 17/10/2024 23:59 forum
USOIL omg 😱 just saw it 🔪🔪🧈🧈
USOIL SMB Analysis Oil H1
USOIL The cheapest price oil will get , buy now before too late ⏰
WTI Special Alert!A Double Inside Day showed up on the Hourly, which means that an EXPLOSIVE move is coming, either to the upside/downside and can happen soon or hours from now.
WTI Trading Tip:The bullish rally (circled in light blue) would be considered a Low Traffic Area because it's a "clean bull run" without any bearish candles in the way. When you see that, there's potential for a "clean bear run" to later show up with no bullish candle in the way to match it, but only if the market bias flips from Bullish to Bearish for the most profitable moves to be bearish ones.
WTI The Hourly is in Bullish Market Bias with the bulls rallying after the Micro-Double Bottom formed, then crossed above the Bullish Trendline (in green dotted line).I'm wary about a greater move up. There's potential for a reversal of the rally soon for the bears to make their move and drop down to go below the Bearish Trendline and flip the market bias from Bullish to Bearish. If that doesn't happen, then the bulls will just rise more from the trendline; drop again to retest the trendline, and then rally towards the S&R Zone above.
USOIL Warren Buffett spent 409$ mil on Oxy so we bullish here 🚀
USOIL USoil 21st December 2024 Weekly Analysis Based on Main Key Levels
📍 Weekly Current Market Price (DCMP): 69.50
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 71.47
Resistance 2: 72.49
Resistance 3: 74.14
✅ Support (Below DCMP):
Support 1: 68.17
Support 2: 67.15
Support 3: 65.51
📉 Swing Levels
Swing High: 71.38
Swing Low: 68.84
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 68.17
🔹 Stop Loss: ❌ 67.15
🔹 Take Profit 1: 🎯 69.47
🔹 Take Profit 2: 🎯 69.82
📌 Reason for Entry:
Usoil is nearing Support 1 at 68.17, making this a favorable point to enter a potential upside move. The first target is 69.47, and the second target is 69.82 (Pivot). The Stop Loss is set at 67.15 to manage risk effectively.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ 69.82
🔹 Stop Loss: ❌ 70.48
🔹 Take Profit 1: 🎯 69.47
🔹 Take Profit 2: 🎯 68.84
📌 Reason for Entry:
Usoil is at Resistance 1 at 69.82, making it a good level to initiate a sell trade. The Stop Loss is set at 70.48, and the targets are 69.47 and 68.84.
💡 Summary
Usoil is trading at 69.50.
Resistance Levels: 71.47, 72.49, 74.14
Support Levels: 65.51, 67.15, 68.17
Swing High: 71.38
Swing Low: 68.84
Intraday Buy: Enter at 68.17, targets 69.47 and 69.82.
Intraday Sell: Enter at 69.82, targets 69.47 and 68.84.
USOIL 🪙The Coin will get a special bath of lemon juice and salt over the weekend to make it shiny and new. Let's hope it doesn't derive its powers from the copper oxide layer, or we're screwed.
USDWTI I expect the monthly close to be around 72-73 and for the first quarter of 2025 I think the price will be between 65 and 80.