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Crude Oil Futures WTI (CL1!)

WTI CRUDE OIL & BRENT OIL Weekly Outlook: Wait For SELL Setup!This weekly forecast is for Oct 21 - 25th. US & UK Oil have been up and down throughout this Mid East crises. WIth a strong bearish candle and close last week, the indications are that the market has taken a bearish turn. I will be watching the market closely for a pullback to the newly formed Daily -FVG for a high probability short setup. Take caution, day traders. As there will be buys to take as price retraces up, but I would urge you to remain patient and wait for the HP sells. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:BZ1!Short
by RT_Money
Crude Oil Trade Idea for Next Week - CL CLK2024 USOIL Crude OilThe weekly candle close this week respected the bearish weekly volume imbalance, respected the bearish weekly orderblock, and failed to close above the previous weeks high. For this reason, I am targeting the PWL as a DOL. I will be looking for price to trade up into H4 premium arrays and reject from them. Once I see bearish arrays being respected on the H4, I will look for m15 bearish displacement to confirm entry with the PWL as the target.
NYMEX:CLK2024Short
by Tradius_Trades
CRUDE OIL (WTI) Detailed Technical Outlook 🛢 I received a lot of questions about WTI Crude Oil. Analyzing a weekly time frame, we can spot that the market is currently approaching a significant supply zone. Even though we see a strong bullish rally since the beginning of summer, I will anticipate a further growth only after a bullish violation of that entire area: 92.5 - 97.8. Alternatively, analyzing a daily time frame, we can identify a recent retracement from the underlined red area and a strong daily support that was nicely respected. At the moment, I also see a completed cup & handle pattern there. A bearish breakout of its neckline - daily candle close below 87.5 will be your bearish confirmation. I am monitoring oil closely and if I see a good trading setup, I will definitely share that with you. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
6
Bobby's Homework Assignment5.30.23 I think this is a great trade to think about for oil because it actually gave a signal to go long and then It reversed and there would have been a loss,But it could have been managed with a small loss ...But this was a great setup to actually short the market.... and equally as important the market still had a correction they gave you a second opportunity to short this market and make a couple thousand dollars or more. I believe A lot of the price action that occurs in the market.... the patterns and the retests As markets move in one direction and then correct for a while any other direction Represents the algorithms of high frequency Trading that occurs with large money... smart money... the trade with scaling techniques to manage large volumes of contracts that require that they need the scale... contract.... but they make their wealth by scaling in and out with hundreds of contracts or more... and you and I won't even recognize it as the smart money. There's a very well recognized way of trading by looking at Markets as auctioning... market profile is one of those software packages that is very good and was developed by a very smart man who became a billionaire Trading the bond markets before he sold his proprietary system. it was one of the first Systems I looked at around the 1985 time of my life. It didn't work for me because my brain didn't work well at that time in life when it came to Trading. I see the market more as algorithms the facilitate the trading of professional trading firms that use scaling techniques along with large volumes of contracts... but scaling in and out as the market moves....As a reflection of the patterns that I use to analyze the market. In other words the market Trading in one direction and then correcting for a while in the other direction is a reflection of large amounts of money that make Profits for buyers and sellers....Including sophisticated trading strategies that buy and sell... and lock in profits Using scaling techniques. Even if you don't scale and you only trade one contract, if you change your paradigm of thought to factor in how smart money and large capital Creates opportunity and manages risk... there were ways you could have taken A long trade oil with a small stop... you would have lost money but you would quickly make it back with a very profitable trait.... and if you hadn't been in the market at all, you would have an opportunity to Trade this market at a double bottom and wait for it to get to the 382 which I show you in the video and you would have made over a couple thousand dollars on that opportunity if you missed everything else today. I believe the paradigms of Skilled professional Traders versus less qualified Traders Makes all the difference on how you'll manage the market and think about the market. for years I believe that markets have lots of random behavior and now I believe that's a toxic point of view that is Woefully Inadequate. We are all entitled to our own point of view... this is mine. I think this video is worth listening to one or two times... to see if it resonates with you.
NYMEX:CL1!
by ScottBogatin
OIL3.14.23 I think oil is at a support level and should go higher. The emphasis on this video Pertains to gaps and failures to retest gaps because if facilitates Scalping, Not just to enter the market but to exit. This video follows the American Airlines video, And I will try to post a video on the ES which found buyers last night and would have been a good long trade for a scalp.I have to see what it's done since earlier this morning and will post whatever happens A little bit later today.
NYMEX:CL1!
by ScottBogatin