Dave’s Analysis (Jan 30, 2025)

Summary

 

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

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About the Author

Dave Register is ExitPoint’s primary developer and creator of the original ExitPoints systems. With a masters in both Physics and Statistics, over 50 years of experience in management information systems and designing AI systems to accurately predict futures market trading, Dave is a respected member of the trading community. His passion for predicting market trends is both personal and professional, a primary interest that he enjoys sharing with others.

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