Recap: CL and ES Weekly Plan analysis & Key Levels

CL1!
ES1!

In this trading trading view blog we will refer to our February 3, 2025, weekly trading plans.
Our main idea for ES futures was to get long above yearly open, also our key LIS (Line in Sand). And our main idea for CL futures was to stay short below February monthly open targeting mcVAL and then waiting for an opportunity to get long at our key bullish support zone.

Below we explain our thoughts behind these ideas and how we choose our key levels and the process to create our plan.

ES Trade Idea: Key Levels and Strategies Amid Macro Uncertainty:

From our ES trade plan, scenario 1 played out. The line in sand for long trades was Key LIS/Yearly open. Click on the link above to see how this played out!

Our key levels for the trade idea noted in the blog were:

(mcVAH) micro composite value area high: 6,134.25
Key LIS/Yearly Open: 5,949.25
(mcVAL) micro composite value area low: 5,914.25
(CVAH) Composite Value Area High: 5,924

mcVAH held as an area of initial resistance. Our neutral zone at 6,068.25 - 6,051.50 acted as a zone for pullback after initial push higher. The remaining week was choppy with some days more volatile and playing out per our scenario 1 in our trading plan.

CL Trade Idea: Key Levels & Strategies Amid Volatility:

From our CL trade plan, scenario 1 also played out.

Why we favored this as scenario 1 was due to rejection confirmed at January 2025 mid range. The provided a good short opportunity below Jan 2025 mid or February monthly open towards our key levels as specified in the trading plan. We mentioned the following key levels in last week’s plan.

Micro Composite Value Area High (mCVAH) January 2025: 76.00
January 2025 mid- range: 74.96
February Monthly Open: 74.14
Micro Composite Value Area Low (mCVAL) January 2025: 71.82
Yearly Open: 70.52
2024 Mid- Range: 70.40

mCVAL provided a good target for short trades, while Yearly open and 2024 Mid-range confluence at our key bull support provided a good spot to initiate the long trade idea.


Following a consistent process can help traders stick to a trading approach that can help them achieve consistency. Losses are an inherent part of trading, executing the trade plan also involves weighing which scenario will play out on the hard right edge in real- time. However, our market analysis blogs are aimed to educate traders, showing whatever their methodology or approach, consistency in preparation and having a roadmap of important price levels will help them distinguish between getting caught in noise versus important areas to engage with markets.