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Crude-oil

CrudeOil Futures ( CRUDEOIL1! ), H4 Potential for Bearish DropTitle: CrudeOil Futures ( CRUDEOIL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 7676 Pivot: 6764 Support: 5832 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 5832, where the previous swing low is. Alternative scenario: Price may possibly head back up to retest the pivot at 6764, where the 50% Fibonacci line is. Fundamentals: There are no major news.
MCX:CRUDEOIL1!Short
by Genesiv
Crude Oil Futures ( CL1! ), H4 Potential for Bullish RiseTitle: Crude Oil Futures ( CL1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 81.06 Pivot: 73.40 Support: 74.33 Preferred case: Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are. Alternative scenario: Price may head back down to retest the support at 74.33, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
NYMEX:CL1!Long
by Genesiv
CRUDE OIL Bounces... how high?As previously mentioned, Crude was to break 76, and head down to a target of 67. It did break down below 76 decisively, but found a support at 70. And it appears to be bouncing off the 70 support level. There are two main ranges and in combination, the yellow box denotes the current consolidation area over the next couple of months. Noted the Bullish Divergence on the MACD, although the VolDiv (lower panel) is still showing some bearish momentum. Expecting a (consolidating) bounce to 85-90, the latter being resistance.
NYMEX:CL1!
by Auguraltrader
1
BRENT CRUDE OIL BULISH PATTERNDemand for crude oil is expected to rise after a cold wave hit USA, which will likely increase the demand for oil distillates, easing of the COVID measures in China and US crude oil inventories coming up less than the analysts have had expected. British crude oil benchmark, BRENT, had broken the resistance of the triangle pattern, a strong bullish predictor, and the price might reach levels of 87.5 in the next couple of days. In an event of reversal of the trend, the price might reach levels of its previous low of 75.35 RSI and MACD both are confirming the bullish outlook, with MACD histogram above 0 and rising and RSI rising as well and approaching the 50 neutral line. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:BRENTLong
by legacyFXofficial
USOIl Crude Oil important Support LevelWTI Crude Oil is at a key support level now and i don`t think we have seen the last of it. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. It`s not much for now, but they will continue cutting the supply until they will get the oil to $90. I`m looking for a bounce to the $85 - $92 area before heading to $62 by the end of next year, when i expect the beginning of an electric revolution worldwide. Looking forward to read your opinion about it.
TVC:USOILLong
by TopgOptions
2
Crude trader - closer to a mean reversion rally Having reached the double top target, we see that Crude is now 15% below from its 50 day MA - in the past 2 years we've been as stretched as 17% below this average before we saw solid mean reversion kick in - we are in oversold territory and that offers an elevated risk of short covering By way of flow, we now see 67% of open positions in crude are now held long by clients, so they see upside - the selling pressure seems to be supported and the buyers are having more of a say. Is price putting in a ST low? It seems to be the case - while we're yet to see momentum truly shift, it feels like the prospect of a squeeze higher has risen
PEPPERSTONE:SPOTCRUDELong
by Pepperstone
WTI Further downside risk? Commentary: WTI crude: The sharpe sell-off on November 28th may have strengthened the case for further weakness in the short term (5-25 days), the November 28th opening at $76.60 and intra day low at $73.93 followed by a closing price which was below the previous day’s high (November 27th) could be confirmation for a resumption of the November 7th - November 28th downtrend. Current price is below the 20 and 50 day moving averages (bearish); MACD is below its signal line (bearish); multi-week lower tops and lower bottoms on price indicate a downtrend (dow pattern), therefore, short positions can be technically supported for a potential downside target near the $70 round number, provided price can remain below the $83.4 resistance. Not investment advice. Past performance is not indicative of future results.
SKILLING:XTIUSDShort
by Skilling
Crude Oil Continues To Slide Downward - $55~65 on target.Did you follow my research from late October/early November? So many people thought Crude Oil would climb higher on supply concerns (related to Winter/Europe). But here we are sliding below $75 (soon) and targeting the mid-$60s. My call from October was that we may see $64 to $67 as a base. Now, I'm thinking we may see $54 to $57 as a base. What is going to prompt demand for Oil when the world is struggling with post-COVID inflation and the US is in the early stages of a moderate recession? The post COVID commodities recovery phase pushed Crude well above $110 for a while, but now we are starting to transition back to "normal" in terms of true supply/demand. In my opinion, Crude will settle between $55 ~ $65, then attempt to find some support. Follow my research.
NYMEX:CL1!Short
by BradMatheny
2
US OIl Trend Analysis 25/11/2022After Saudi Arabia denied a report that it was discussing an increase in oil supply with OPEC and its allies, there are now reports that they will promise additional measures to ensure oil market stability. Saudi and Iraqi energy ministers have been reported saying that there is an importance of working within the OPEC+ framework. as a consequence, oil rose in early trade on Friday despite the worries about Chinese demand and expectations due to the increase of covid in the nation: China's Covid infections hit record as economic outlook darkens.
TVC:USOIL
by OAurthor
Reseal on oil; BUY on crude oil DRAWDOWN THEN REBOUND ON OIL By Jahnae Braxton | Divine 3nergy Crude Oil fell a little more than 400 pips yesterday. Oil opened the day just around $79 a barrel on 11/21. Falling below $80 a barrel for the first time since a month prior on October 22. Price has reached over $90 a barrel in the month of November on the 7th. The last time it reached above $90 a barrel was October 7, 2022. A double bottom began to form last month, which was indicating a sell. The double bottom completed formation yesterday, October 21, 2022. Afterword’s, it immediately wicked off that demand zone and skyrocketed. The bullish momentum push was caused due to Beijing announcing they are experiencing Covid deaths. They haven’t seen Covid deaths in a few months. They are going back to COVID lock down procedures. This is bringing supply fears into oil. What also caused the surge in oil prices were rumors stated Saudi Arabia was going to raise oil production. Saudi Arabia has reported that they will not increase oil production. Oil production will continue with its 2 million barrels a day decrease that was decided last month and to continue to the end of 2023. OPEC plus meets on December 4 to decide oil production. This comes a day before the European Union ban on Russian imports is set to start. Along with a G-7 price Cap. I am estimating oil to reach the price mart of $83-$85 this week into next week.
BLACKBULL:USOIL.FLong
by UnknownUnicorn36761102
WTI Crude Oil: Are we following BTC's previous top? 18/05/22 Shown is an overlay of Bitcoin's previous top ~$69k. We are showing very similar price action of a wide, heavy range at highs, with the micro lower highs on the underside signalling a continuation / blow off top spike is possible. Product supply is increasing from several refineries opening from maintenance alongside seasonal demand, allowing for the current upward pressure. Longer term problems for crude oil range from high consumer energy prices to a declining SP while $ strengthens. Several COVID spikes globally also once again pose a risk. This is a fractal that I have been keeping my eye on for quite some time, and is one that I have seen on several assets, across several timeframes.
OANDA:WTICOUSD
by fvideira
8