Crude Oil Analysis

(CLN25) 

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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.
 

5/27/25

From last week,
 

This week's high completed the 78.6% (56.20) to 78.6% at 62.25 target per the ONE44 78.6% rule. It also hit 38.2% back to the contract high at 63.00 for the second time, this will be the key level for the week and the long term swing point.

Use 63.00 as the swing point for the week.

The high this week spiked above 38.2% at 63.00, but failed to close above it keeping the long term trend negative, this level will again be key for next week.

Use 63.00 as the swing point for the week again.

Above it, the long term trend turns positive and the longer term target is 61.8% of the same move at 68.40. The short term target is the 66.02 major Gann square.

Below it, this week's high took out the 4/23/25 high, so we can now retrace the new high back to the 4/9/25 low. The short term target is 78.6% the other way at 56.20, this is also a major Gann square. The long term target is 40.50 this is 78.6% on the continuation chart, before then there are major Gann squares to look for support and then use as the swing point when closed below at 50.89 and 45.42.

We have done 47 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.
 

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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.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

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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