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.

This article was written by Itai Levitan at www.forexlive.com.