US Crude Oil CFD forum
USOIL 800 pips target hit
USOIL 📊USOil 28th December 2024 Weekly Analysis Based on Main Key Levels
In this blog post, we provide an in-depth analysis of the US oil market as of December 28, 2024. This analysis focuses on key price levels and potential trading strategies to help traders navigate the current market environment effectively.
📍 Daily Current Market Price (DCMP)
The current market price for US oil is 70.18. This price level is essential for identifying potential trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 70.45
Resistance 2: 70.99
Resistance 3: 71.87
✅ Support (Below DCMP)
Support 1: 69.58
Support 2: 68.70
Support 3: 68.16
📉 Swing Levels
Swing High: 71.38
Swing Low: 68.84
Summary of Analysis
As of now, the US oil market is positioned at 70.18. The key resistance levels above this price include 70.45, 70.99, and 71.87. The support levels below this price are 69.58, 68.70, and 68.16. The swing high is at 71.38, and the swing low is at 68.84.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 69.58
Stop Loss: ❌ 69.00
Take Profit 1: 🎯 70.00
Take Profit 2: 🎯 70.30
📌 Reason for Entry
The price is approaching a key support level at 69.58, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 70.45
Stop Loss: ❌ 70.80
Take Profit 1: 🎯 70.10
Take Profit 2: 🎯 69.80
📌 Reason for Entry
Resistance at 70.45 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion
This analysis offers a concise overview of key levels and trade opportunities for US oil. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights, and happy trading!
WTICOUSD WTI/OIL Bullish Signal triggered
Idea:WTI/OIL Bullish Signal trigger…
WTI about to close for the week but could get a bit of a fall off here
WTI On the Hourly, the bulls are headed for the Swing High of 70.495 again. If there's no candle close on that price or higher, then back down it goes. But if the bulls breach it, they can go higher.Is this an invisible resistance area? We'll see.
WTICOUSD I stay long oil
WTI Special Alert!There's an imperfect looking Double Inside Day, which means an EXPLOSIVE move is coming, either to the upside/downside.
USOIL Buy Crudeoil at cmp 70.25 Tgt 71.
USOIL Take Care, News totally against us!USOIL I wanna see oil breaking through the bottom of the Chanel, so we can confirm it as a downtrend. So far we got a nice double top and a clean divergence in the 5 min timeframe. Stop Loss - above double top - 70.55
my TP1 is at around 69.9
my TP2 at 69.3
still watching the Crude Oil Inventories Data, it wasn't released so far. take care. if News are totally against us, may book profit when data comes out.
i trade with CFDs on WTI Crude Oil graph. may USD Numbers are little different in ur chart.
good luck!
