Crude Oil Futures Analysis with tradeCompass Key Price Levels

Crude Oil Futures (CL) Analysis – tradeCompass for March 10, 2025

Current Market Snapshot for Crude Oil Futures:

• Crude Oil Futures (CL) Price: $67.18
• Key Thresholds:
  • Bearish Below: $66.88 (Today’s VWAP, Friday’s VAL)
  • Bullish Above: $67.73 (Clearing Friday’s VAH & March 4 VWAP)
  • Major Resistance Zone: $67.50 – $67.70
  • Bearish Partial Profit Targets: $66.66, $66.39, $65.70, $65.32

Bullish Case for Crude Oil Futures – Holding Above $67.05 & $66.88

As long as crude oil stays above $67.05, which is Friday’s POC, and $66.88, today’s VWAP acting as support, the bullish structure remains intact. Bulls have a tighter bullish threshold at $67.05 but must clear the larger breakout zone at $67.73 to shift the momentum upward.

Resistance Levels to Watch for Bulls:

• $67.50 – POC of March 4
• $67.61 – Friday’s VAH
• $67.70 – VWAP of March 4

This $67.50 – $67.70 range is both a price magnet and a potential resistance cluster, meaning that even if bulls push higher, they need to be cautious around this zone.

Beyond $67.73, additional hurdles appear at:

• $67.89 – $68.00 (March 3 VAL & March 4 VAH)
• $68.37 – POC of March 3
• $69.06 – $69.12 – Resistance Cluster
• $69.59 – March 3 VAH & Naked Level

Even if crude oil clears $67.73, bulls must watch out for $67.89 – $68.00, which could be a strong liquidity area where selling pressure increases.

Bearish Case for Crude Oil Futures – Break Below $66.88

For bears to take control, crude oil must drop below $66.88, which aligns with today’s VWAP and other key support levels:

• $66.89 – Friday’s VAL
• $66.84 – Thursday’s VAH
• $66.81 – Clearing these would confirm a bearish structure

Once below $66.81, bears would gain an edge, with partial profit targets at:

1. $66.66 – Near today’s POC & VAL (dynamic)
2. $66.39 – March 5 VWAP
3. $65.70 – Strong support area
4. $65.32 – March 5 VAL (Major target for shorts)

If crude oil approaches $65.32, it could trigger strong buy interest, making it an ideal place for bears to secure significant profits.

How to Use tradeCompass as a Decision Support Tool

tradeCompass is not a predictive system that tells you what to buy or sell—it is an orientation tool designed to help traders identify key levels where price action may react.

• Key levels are not precise reversal points but zones where price may react. Reversals may happen slightly before, slightly after, or not at all.
• Every trader has a different timeframe, strategy, and indicators—tradeCompass helps you align your decisions with key levels that institutions and large traders may be watching.
• Partial profit-taking becomes more strategic. If you are long and approaching $67.59 (just below Friday’s VAH at $67.61), this could be an ideal place to secure some profits before a possible reversal.

Example #1 – Staying Long with Confidence

• Suppose you're long as long as crude oil holds above $66.88 (VWAP).
• You feel even more confident while price remains above $67.04 (Today’s VAH).
• You ride the move higher but take significant partial profits near $67.59 – $67.61 to protect gains.

Example #2 – Taking a Short Position & Letting it Run

• If your bearish bias aligns with a short at $67.50 (March 4 POC),
• You hold through $66.88 break, and
• You target $65.32 for a significant profit-taking point.

Final Thoughts – tradeCompass as an Orientation Tool

• It does not tell you what to trade, but rather where key reactions may happen.
• It helps you structure profit-taking or reconsider stops based on how price moves relative to critical levels.
• It provides a reality check—if price breaks a bullish/bearish threshold, you may need to adjust your position or risk management.

Conclusion:

• Above $67.73 → More Bullish, but resistance clusters remain.
• Below $66.88 → Bears take control, aiming for $66.66, $66.39, $65.70, and $65.32.
• Use tradeCompass to maximize profits and refine trade execution.

Trade at your own risk. Stay updated on ForexLive.com for more insights. This is not financial advice.