Background: Crude Oil has been moving sharply lower since the high on 1/15/2025. U.S. Crude Inventory Build Ends Nine Consecutive Weeks of Inventory Draws – WTI Crude Oil 1/29/25.
Analysis:
- My MACD indicator shows an likely low on 1/30/2025.
- My short, mid-term and long term zero balance indicators are bullish for a tradable swing trade at least.
- My mid-term channel direction indicator shows the price is below the expected target level.
As usual require price confirmation and buy to enter with a stop order.
Recommendation:
Buy March WTI crude oil at 74.34 stop for 1/31/2025. Risk 1.61 points with your trailing stop.
For managing the trade after entry, check out my trading philosophy for futures on this website.
Happy Trading,
Dave Register
CTA