USOILSPOT It has touched my demand area; now I'm waiting for approval of the reversal. If I get the signal, I will go long. If it breaks down, I will check the signal and short it.
Crude Oil West Texas - Cash forum
USOILSPOT It has touched my demand area; now I'm waiting for approval of the reversal. If I get the signal, I will go long. If it breaks down, I will check the signal and short it.
WTICOUSD same here. C is on the way
USOIL still holding strong..
USOIL Let it fall..... 60s come on :)
WTICOUSD I spied a shifty sort with a bag of cash eyeing the brown Lambo in the lot, from my camouflaged hunting perch across the street. Worrisome.USOILSPOT Currently I am targeting these areas. It's on the 1-hour TF.
USOIL 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: 66.00, 64.50, 63.00
Daily Resistance Levels: 67.50, 69.00, 70.50
4-Hour Support Levels: 65.75, 65.25, 64.80
4-Hour Resistance Levels: 66.50, 67.00, 67.75
Exponential Moving Average (EMA) Levels
Daily Time Frame:
EMA 50: 67.50
EMA 100: 68.20
EMA 200: 69.00
EMA 400: 70.00
4-Hour Time Frame:
EMA 50: 66.20
EMA 100: 66.80
EMA 200: 67.40
EMA 400: 68.00
Weekly and Daily Pivots
Weekly Pivots:
Pivot Point: 66.50
Support 1: 65.00
Resistance 1: 68.00
Daily Pivots:
Pivot Point: 66.00
Support 1: 65.50
Resistance 1: 67.00
Fibonacci Retracement Levels
23.6% Level: 68.00
38.2% Level: 70.00
50% Level: 71.00
61.8% Level: 72.00
Fundamental Analysis and Upcoming USD News 📈
In the coming weeks, several key economic indicators and news events related to the USD are expected to impact the market:
Federal Reserve Meeting: The upcoming Federal Reserve meeting is crucial, as any changes in interest rates or monetary policy could significantly influence oil prices.
US Employment Data: The release of employment figures, particularly Non-Farm Payrolls (NFP), will provide insights into the strength of the US economy and may lead to volatility in the oil market.
Inflation Reports: Consumer Price Index (CPI) and Producer Price Index (PPI) reports will be closely watched, as high inflation can lead to changes in monetary policy that affect oil demand.
Geopolitical Events: Any geopolitical tensions or developments in oil-producing regions can also impact supply and demand dynamics, influencing USOIL prices.
Conclusion
In summary, the current market analysis of USOIL indicates a complex interplay of technical indicators and fundamental factors. With the price currently at 65.88 USD, traders should remain vigilant of key support and resistance levels while closely monitoring upcoming economic news. The combination of technical signals, including EMAs, RSI divergence, and order blocks, provides a comprehensive view of potential price movements in the near term. By staying informed and adapting strategies accordingly, traders can navigate the evolving landscape of the oil market effectively.
USOIL 1/1 🟡 USOIL Daily Market Analysis—July 21, 2025
Market Overview
As of today, the live price of USOIL stands at 65.88 USD. This analysis will delve into the daily and 4-hour time frames using various technical indicators, including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD.
Key Swing Levels:
Swing High: 77.10
Swing Low: 65.55
Technical Analysis
Support & Resistance Levels
Daily Time Frame:
Support Levels:
First Support: 66.00
Second Support: 64.50
Third Support: 63.00
Resistance Levels:
First Resistance: 67.50
Second Resistance: 69.00
Third Resistance: 70.50
4-Hour Time Frame:
Support Levels:
First Support: 65.75
Second Support: 65.25
Third Support: 64.80
Resistance Levels:
First Resistance: 66.50
Second Resistance: 67.00
Third Resistance: 67.75
Fibonacci Retracement Levels
Using the swing high of 77.10 and swing low of 65.55, the Fibonacci Retracement levels are calculated as follows:
23.6% Level: 68.00
38.2% Level: 70.00
50% Level: 71.00
61.8% Level: 72.00
These levels serve as potential reversal points where traders may look for buying or selling opportunities.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 67.50
EMA 100: 68.20
EMA 200: 69.00
EMA 400: 70.00
4-Hour Time Frame:
EMA 50: 66.20
EMA 100: 66.80
EMA 200: 67.40
EMA 400: 68.00
The EMAs indicate the overall trend direction. Currently, prices are below the EMAs on the daily chart, suggesting a bearish sentiment, while the 4-hour chart shows a potential bullish reversal as prices approach the EMA levels.
RSI Divergence
The Relative Strength Index (RSI) on both time frames reveals divergence patterns. On the daily chart, the RSI shows a bearish divergence, indicating that while prices are making higher highs, the RSI is failing to reach new highs. This could signal a potential reversal or correction in the price.
Conversely, on the 4-hour chart, a bullish divergence is observed, where the price is making lower lows while the RSI is making higher lows. This divergence suggests a possible upward movement in the near term.
Order Blocks
Order blocks are areas where significant buying or selling has occurred, leading to a price move. In the current analysis:
Bullish Order Block: Located around 65.50, where buying interest has been noted.
Bearish Order Block: Found near 70.50, where sellers have previously entered the market.
These order blocks are critical as they represent zones where price action may pause or reverse.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator shows the relationship between two moving averages of a security's price. On the daily time frame, the MACD line is below the signal line, indicating bearish momentum. However, on the 4-hour time frame, the MACD is approaching the signal line, suggesting a potential crossover that may lead to a bullish signal.
WTICOUSD guess the 4th wave was a triangle. it's over here.after 4 comes 5. let's go down
USOILSPOT i am out for today