Get started

Crudefutures

Gap Fill or Sky rocket? Crude Oil FuturesSo as we know Crude has been pumping passed few months especially last few weeks. Ever since gapping up to 130 about 2 weeks ago we created a head and than A right shoulder and fell down. We do have a gap need to be filled highlighted below. Especially if the rest of the Indices like SP500 and Nasdaq push up Lets see! I had 107p and 105.5 contracts i closed out right around 100. wish i had held. :( Anyways Hoping to go back bullish and go back towards 130 again!
NYMEX:CL1!
by ArmaanOG
final time oil i think my first two ideas were not upto scratch. i think looking back on 4h chart we can inverted head and shoulders with a pullback to the neckline, what is confusing right now though is the 4h pinbar and overbought accumulation on that particular timeframe. I personally believe the daily chart is still pretty bullish after making higher highs. so i love price action trading this would be a really nice set up. the short on the pinbar could also work so im taking a smaller risk position.
TVC:USOILLong
by UnknownUnicorn6102956
Bearish Outlook for Crude Oil - LT Support Turned ResistanceThe recent sell off in crude oil broke below a rising trendline dating back to 1999. Although this line has held up as support numerous times, it was broken in 2015, which lead to a subsequent fall all the way down to $25. After bears made a convincing move back below the tendline in October of last year, bulls rallied back, but were rejected at the newly support turned resistance bottom side of the trendline. There is a second trendline which acted as support in January 2009 and January 2016. This second trendline is valid all the way back to 1990 and is now the bottom of a giant falling wedge. The chances of a pending global economic recession would fundamentally support a big sell off in crude and from a technical standpoint, a move back down to test the bottom of the wedge. Sell into rallies. Bulls don't have a very convincing argument at the moment. Price should remain below $55 / trendline support, with substantial possible downside.
NYMEX:CL1!Short
by cccpKGB1