Crude oil futures by TradeCompass

tradeCompass – Crude Oil Futures (March 6, 2025)

A Strategic Map for Crude Oil Futures

Current Price: 66.72

Crude oil futures are currently trading within a tight range, and tradeCompass doesn’t tell you how to trade—it provides a precise map of strategic price levels where market participation is likely to increase. Whether you’re looking for partial profit-taking zones, high-probability entries, or areas where momentum may shift, this framework helps you refine your decision-making.

At the moment, crude oil is stuck within a narrow volume profile range between 66.82 and 66.53. It will likely need to break out of this congestion before giving traders clearer signals. When it does, these key levels serve as major “stations” where price is expected to interact.

📍 Key Levels for Crude Oil Futures

🚆 Bullish Junctions – Where the Train May Stop on the Way Up

If crude oil moves above 67.12, the bullish roadmap opens, and traders can track the following key levels:

🔹 67.12 – Value area low of March 4 (previous naked level)
🔹 67.50 – POC of March 4, a high-activity level
🔹 67.89 – Value area low of March 3
🔹 68.37 – POC of March 3 + Opening VWAP of March 4
🔹 69.07 – VWAP of March 3
🔹 69.45 – 69.75 – A major resistance zone, containing:

• Value area high of March 3 (still a naked level)
• Multiple volume-based resistance points

📌 How to Use These Levels:

• If long, these are logical targets for scaling out.
• If shorting, look for rejection signals at these key resistance points.

🚆 Bearish Junctions – If Price Moves Lower

Crude oil is near several key downside levels. If price breaks below 66.58, a more extended bearish move becomes probable, targeting:

🔹 66.62 – Today’s VWAP
🔹 66.58 – Yesterday’s value area low
🔹 66.52 – Today’s value area low

Below this range, potential bearish targets include:

• 66.38 – Yesterday’s VWAP, a potential partial profit-taking area
• 66.22 – Yesterday’s POC, another critical level for possible reactions
• 65.68 – First lower standard deviation of yesterday’s VWAP
• 65.32 – Yesterday’s value area low
• 65.23 – Another historical volume-based support
• 64.27 – A deeper bearish target

📌 How to Use These Levels:

• If price starts breaking below 66.58, traders should watch for potential momentum shifts toward lower targets.
• Short sellers may consider taking partial profits at key support zones.

🔍 Fine-Tuning Trades with tradeCompass

The tight range between 66.82 and 66.53 is where crude oil is currently consolidating. Eventually, the market will decide on a direction, and when it does, these mapped price stations will help traders understand potential targets and risk levels.

📌 How Traders Benefit from This Map

✅ More precise entries and exits – Whether looking to add to a position, take partial profits, or adjust stop-loss levels.
✅ More confidence in holding a winning trade – Seeing additional mapped levels helps traders consider extending profits rather than exiting too soon.
✅ A structured way to monitor price reactions – Watching price behavior at key junctions gives clues on whether momentum is strengthening or stalling.

📌 Rather than relying on traditional indicators, tradeCompass focuses on high-impact liquidity zones—where real market participation happens.

🚀 Final Thoughts

Crude oil is currently in a tight consolidation range between 66.82 and 66.53. A breakout from this zone will likely provide the next trading direction.

• Above 67.12, the market opens up to higher resistance levels, with 69.45 – 69.75 being a significant challenge.
• Below 66.58, a more extended bearish scenario could unfold, with 64.27 open for a test. But traders should consider taking partial profits along the way, according to the key price levels of the map.

TradeCompass isn’t about predicting the next move—it’s about understanding where the market is likely to react and positioning accordingly.

📌 Trade at your own risk. For additional insights, visit ForexLive.com.

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