USOIL what’s the D word again?WTI Light Crude Oil forum
USOIL what’s the D word again?
USOIL USOIL Daily Market Analysis - May 9, 2025
Introduction
Crude oil (USOIL) is trading at 61.14 USD as of May 9, 2025, showing interesting technical patterns across multiple timeframes. This analysis combines classical technical indicators with Smart Money Concepts (SMC) to identify high-probability trading opportunities.
Daily Timeframe Analysis
Support & Resistance Levels
Key Support: 61.55 (recent swing low)
Intermediate Support: 60.80 (psychological level)
Key Resistance: 63.25 (previous reaction high)
Major Resistance: 72.77 (swing high)
EMA Analysis
50 EMA: 62.40 (bearish price position)
100 EMA: 63.85 (downward sloping)
200 EMA: 65.30 (major trend indicator)
400 EMA: 67.15 (long-term bearish confirmation)
Fibonacci Retracement (Swing: 72.77-61.55)
23.6%: 64.13
38.2%: 65.78
50%: 67.16
61.8%: 68.54
Other Indicators
RSI: 42 (neutral, no divergence detected)
MACD: Histogram below zero but showing potential convergence
Order Blocks: Significant sell block between 63.00-63.50
4-Hour Timeframe Analysis
Support & Resistance
Immediate Support: 61.00
Secondary Support: 60.40
Resistance Zone: 61.80-62.20
EMA Levels
50 EMA: 61.65
100 EMA: 62.10
200 EMA: 62.90
400 EMA: 64.25
Pivot Points
Weekly Pivots:
Pivot: 62.15
Support 1: 61.30
Resistance 1: 63.00
Daily Pivots:
Pivot: 61.45
Support 1: 60.90
Resistance 1: 62.00
OILUSD I’m learning towards a move down next week , This weekly candle is being rejected by the 6Ema , as it stands at the minute it hasn’t engulfed last weeks candle which to me is slightly bearish , or we do drop slightly to form a right shoulder on a possible inverse head and shoulders on weekly , there my two possibilities for next week , currently out of position Taken profits have a good weekend everyone 🚀
USOIL China also imported large quantities of crude oil in April – CommerzbankChinese refineries continued to import large quantities of crude oil in April, Commerzbank's commodity analyst Carsten Fritsch...
USOIL Real-time analysis of crude oil market:From the market, the daily MA30 moving average is glued to the daily middle track under pressure at 61.5, the weekly MA5 moving average moves up to 61.7, and the daily SAR indicator pressure point is at 62. The monthly MA120 moving average is at 62.8. In terms of support, the 4-hour Bollinger band middle track is at 59.3. If it breaks down, it will continue to fall. The reference below is 58.6. The support range formed by last night's low of 57.7. Overall, the crude oil price on Friday broke through yesterday's high of 60.2, so the rebound will be prioritized during the day, and consider entering short orders after the volume weakens.
Crude oil trading suggestions:
1. 61.3-61.7 short, stop loss 62.3, target 60.3-59.7, break down and hold;
2. Go long in the 58.5-58 area, stop loss 57.5, target 59.5-60.5;
Trading is risky, and profits and losses are at your own risk. The specific guidance shall be subject to real-time signal guidance.
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USOIL The overall target for Brent is $66 and wti $64, buy the pullbacks.
USOIL We're going to be short soon till 55.63
USOIL Crude Oil price today: WTI price bearish at European openingWest Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.89 per barrel, down from Thursday’s close at...
USOIL Setting my TP and forgetting, it is too beautiful day to miss it watching the charts. Have a good one, cheers youtube.com/watch?v=-jbAPPgk8GQ&t=134s&ab_channel=Navos-Topic
USOIL good news for bears. If we close under 61.04 we see some dumping up to 1% retracement