CL1! (Front-month Light Crude Oil Futures) is trading at $66.74, just 0.07% below the prior day’s close. This oil technical analysis provides a structured view using the tradeCompass methodology from investingLive.com—the newly rebranded platform formerly known as forexlive.com
Bearish below: $66.72
Current Bias: Near the Bearish Trade
$66.52 – Just above today’s second lower VWAP deviation
$66.38 – In line with yesterday’s VWAP
$66.22 – Just above the July 25th VAH
$65.78 – Just above VWAP from July 25
$67.12 – Close to yesterday’s high
$67.69 – Upper VWAP deviation from July 28
As part of today’s oil price prediction, we observe that crude oil is currently below the bearish threshold of $66.72, which also marks the Point of Control for today’s session. That reinforces a bearish directional bias under the tradeCompass system.
A sustained break above $67.03—a level sitting above yesterday’s Value Area High and today’s second upper VWAP deviation—would be needed to shift the outlook bullish and trigger a new tradeCompass path.
Today’s light crude oil futures analysis offers a refined set of downside profit targets aligned with key institutional markers:
$66.46 – Yesterday's POC, a high-volume acceptance area.
$66.28 – Near the previous day’s Value Area Low, a support candidate.
$65.92 – First lower standard deviation of VWAP from July 28.
For bullish scenarios (only valid if $67.03 is breached and held), upside targets would be:
$67.24 – Dual VWAP band overlap (July 25 & 28), a rare confluence.
Once the second partial profit target is reached in either direction, tradeCompass methodology instructs traders to move their stop-loss to the entry point, locking in profit and reducing exposure.
In oil technical analysis, terms like “price magnet” are shorthand for liquidity zones—areas where large participants believe other institutional players are watching. These zones, often around the POC or VWAP deviations, attract price because of this collective belief. Recognizing these magnets can help traders anticipate turning points or pullbacks, even in strong trends.
This oil price forecast is based on the proprietary tradeCompass framework, which emphasizes:
Stop moved to entry after the second partial is reached.
Flexible entry confirmation (e.g., candle closes, timeframe filters).
Please Do Remember, Oil Traders!
Trading futures involves significant risk, and every trader must evaluate their own methods and risk tolerance. Use tradeCompass as a map, not as a signal. Integrate it with your tools, timeframe, and tactics. And remember: you’re in charge.
To explore more oil technical analysis and futures trading ideas, visit investingLive.com, the new evolution of forexlive.com.
This article was written by Itai Levitan at investinglive.com.Hence then, the article about crude oil technical analysis today with tradecompass was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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