Crude Oil Technical Analysis

(CLU25) 

There are two methods we use at ONE44 to find support and resistance in the markets.

The first are major Gann squares, these are the yellow horizontal lines on the chart.

The second is Fibonacci retracements.

This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO

In the update below we have the swing point and what to look for above and below based on the two methods of analysis.

CLU25

From last week,
 

This week's rally hit the short term target area the 70.56 major Gann square (missed by 5 ticks) and 61.8% at 70.95. It got close enough to 61.8% that we will use the ONE44 61.8% rule for the short term target. The 70.56 major Gann square will be the key level for next week.

Use 70.56 as the swing point for the week.

Below it, the short term target is 61.8% the other way at 65.80. The longer term target is the 62.00 major Gann square. The long....

The setback from the 70.56 major Gann square and swing point for the week hit the short term target of 61.8% the other way at 65.80 and then fell short of the longer term target at the 62.00 major Gann square and this will be the key level for the week. Also in this area is 61.8% of the 4/9/25 low and 6/23/25 high at 62.30 holding it can send this market 61.8% the other way.

Use 62.00 as the swing point for the week.

Above it, we will look for 61.8% the other way based on the ONE44 61.8% rule at 71.00. Any rally that can't get above the 66.00 major Gann square is a very negative sign and a new low can quickly follow.

Below it, the short term target area is 78.6% of the 4/9/25 low and 6/23/25 high at 58.70 and the 58.00 major Gann square. A failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 54.50.

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Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

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You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.
 

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