West Texas Oil forum
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.
WTI On the Hourly, it's still in Bearish Market Bias after the Shooting Star rejected the Bearish Trendline (in green dotted line) with its upper wick. If the bull run resumes after a retrace, then the Bearish Trendline can be crossed to go above it and flip the market bias from Bearish to Bullish and go higher towards the S&R Zone above (that starts at 70.205). But if not, the bears can continue their drop and head towards the Swing Low (at 68.365).
USOIL The guy below me is gambling flipping coins 🤣🤦🏻♂️ what’s this world becoming toUSOIL 🪙Book Full profit in crudeoil at 69.5. Tgt achieved . Buy given at 68.7 👍👍 👍👍👍👍👍👍👍👍👍👍👍👍👍👍
USOIL okay 🐸👌 💣🐸USOIL 🪙Keep Booking profits and modify your SL to 69 in buy position. Just in case.WTI The Gap Down still has not closed with the last bullish candle on the Hourly. If that Gap does not have a candle close at 69.025, then it will keep the candle action below it. But if it does close, then up it goes towards the Bullish Trendline (in green dotted line) that's around 69.520.
USOIL target 69.92