Chart of the Day – Light Crude Oil Futures Analysis
Crude Oild Futures Daily Timeframe
Crude Oil Price Chart, Daily timeframe | April–June 2025
Since mid-April 2024, light crude oil futures have respected a clear red resistance line—with key touchpoints in April 2024, January 2025, and most recently in mid-June 2025. The most recent test briefly pierced above resistance, a classic move often designed to trigger tight stops from early short sellers and trap overly eager breakout buyers.
Importantly, between early April and early June 2025, price moved within a wide consolidation range between $52 and $65. Applying a fixed range volume profile to that period gives us a more precise picture of the value area—where institutional and algorithmic players typically engage. The Value Area Low (VAL) around $55 proved its importance again on May 30, offering a high-quality buying opportunity.
Zooming in on the Value Area of the previous consolidation
Daily timeframe | April–June 2025
Traders familiar with volume profile dynamics will recognize this recurring theme: professional buyers often step in at VAL, even after prior attempts that were stopped out. What separates pros from retail traders is disciplined stop placement and risk management. Many aim for partial exits near the POC or Value Area High (~$63.35), letting a runner target higher zones if momentum continues.
Now, with crude oil rejecting only mildly off the June 12 high and buyers stepping back in above that level, there’s a reasonable case that price may retest resistance once more—and potentially break through it, with $80 (a major round number) a possible magnet.
This is not a prediction, just one experienced viewpoint. But it highlights the importance of using tools like the Volume Profile, a core component of our tradeCompass methodology at ForexLive (soon to be InvestingLive.com). Traders assessing range-bound markets may benefit from this structured approach.
Reminder: This is not financial advice. It’s shared for educational and strategic insight. Trade at your own risk—and have a great weekend.
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