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Crudeoil!

WTI Light Sweet Crude Oil, 6/16/23For Friday, 68.29 can contain selling into later next week, above which 76.70 is attainable over the next 2 - 3 weeks. Upside Friday, pushing/opening above 71.30 allows 74.77, likely to contain session strength, and the point to settle above for yielding 76.70 within several more days, able to contain weekly buying pressures when tested. Downside Friday, breaking/opening below 68.29 allow 67.16, also able to contain selling into later next week and the point to settle below for clearly indicating 62.14 as a 1 - 2 week target able to contain broader market selling into later summer
NYMEX:CL1!
by SpecialeAnalysis
Crude Oil Continues to Fall6.15 Analysis of today's crude oil market trend: Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The nearby shocks reversed to around 70.4 and were blocked and fell back. In the short term, the pattern of consolidation in a range remains unchanged. In terms of operation, it is good to continue to maintain this range of thinking and look for a position to sell high and buy low. 6.15 crude oil strategy: Crude oil rebounds at 69.4, defends at 70.2, looks at the line of 68-67, steps back more around 67, defends at 66.3, looks at around 69 (for reference only, the actual offer shall prevail)
BLACKBULL:WTIShort
by K-linesound
WTI Light Sweet Crude Oil, 6/15/23For Thursday, 69.12 can contain buying through the balance of the week, possibly resulting in 62.14 over the next several weeks.   On that score, a settlement today below 67.16 would affirm 62.14 as a 1 - 2 week target able to contain broader market selling into later summer.   Upside Thursday, pushing/opening above 69.12 allows 71.51, while closing today above 69.12 allows 76.59 over the next 2 - 3 weeks, able to contain weekly buying pressures when tested and the region to settle above for signaling 81.85 long-term resistance within several more weeks.
NYMEX:CL1!
by SpecialeAnalysis
USDNOK Can See More Weakness As Crude Tryign To FInd A SupportCrude oil is trying to stabilize ahead of the FED today, showing some interesting intraday recovery from around $67.00 per barrel. Can be a small impulse, but I want to see a steady recovery ehre and possibly a broken resistance line to make sure that w-x-y in E of (B) is completed. Also, the global oil supply fell 660k bpd in May on OPEC+ cuts, which can help to stabilize oil price going forward. With higher crude I like NOK. Keep in mind that crude oil and USDNOK, both traded south recently, but crude trying to stabilize now. If it closes higher today, then USDNOK can see much more weakness. Current bears on USDNOK are also acting impulsively so far. GH
by ew-forecast
2
WTI Light Sweet Crude Oil, 6/14/23For Wednesday, 69.95 can contain buying through the balance of the week, possibly resulting and 62.14 over the next several weeks.   On that score, a settlement today below 67.16 what a firm 62.14 as a 1 - 2 week target able to contain broader market selling into later summer.   Upside Wednesday, pushing/opening above 69.95 allows 71.73, while closing today above 69.95 allows 76.48 over the next 2 - 3 weeks, able to contain weekly buying pressures when tested and the region to settle above for signaling 81.85 long-term resistance within several more weeks.
NYMEX:CL1!
by SpecialeAnalysis
Oil: Can support survive? Today's focus: Oil Pattern – Descending Triangle Possible targets – 64.06 73.22 Support – 67.05 Resistance – 72.22 74.15 Hi, and thanks for looking at today’s update. Our attention is on oil after yesterday’s sharp selling took price back to key support. This level has held firm for buyers, but could this be the fourth time lucky for sellers? So far, production cut updates have done little more than spur on sellers. Will we see buyers re-hold this level, or could we see a new break lower by sellers that gets the downtrend back on track? Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:USOUSD
by Eightcap
Crude Oil on a Major Level of Support on the Daily timeframeCrude oil has revisited the significant daily support level at $67. The price has previously shown a strong rebound by respecting this support. There is a possibility of a bullish reversal taking place, potentially forming a triple bottom pattern. However, it is important to consider the alternative scenario where the price maintains a bearish sentiment. In this case, a bearish breakout below the support level could occur, leading to a decline below this level and potentially establishing a new low for the year 2023. Traders and investors should closely monitor the price action and market conditions to gauge the direction and strength of the crude oil market.
TVC:USOILLong
by TraderChamp-Pro
WTI Light Sweet Crude Oil, 6/13/23For Tuesday, 68.70 can contain buying into later week, below which 62.14 remains a 2 - 3 week target.   Downside, 65.17 able to contain daily selling pressures, while closing below 65.17 indicates 62.14 within 3 - 5 days where the market can bottom out through summer activity.   Upside Tuesday, closing back above 68.70 allows 71.94 within 3 - 5 days, able to contain buying through the balance of the week.   A settlement above 71.94 indicates 77.56 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 81.44 long-term resistance within 2 - 3 more weeks.
NYMEX:CL1!
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 6/12/23A two-sided framework continues through summer between 62.14 long-term support, and 82.45 long-term resistance, both regions able to contain seasonal activity.   Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year.   Upside, a weekly settlement above 82.45 indicates 94.67 within several months, able to contain buying on an annual basis. - For Monday, 72.16 can contain buying into later week, below which 68.52 remains a 3 - 5 day target able to contain selling over the same time horizon.   A daily settlement below 68.52 indicates 62.14 over the next 2 - 3 weeks, where the market can bottom out through summer activity.   Upside Monday, closing above 72.16 indicates 77.56 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 81.44 long-term resistance within 2 - 3 more weeks.
NYMEX:CL1!
by SpecialeAnalysis
XTIUSD ( US OIL ) LONG term Trade Analysis Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By Forex Planet today XNGUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
FXOPEN:XTIUSDShort
by forexplanet797
#Oil #OOTT UpdateWow oil has been very tough lately. Many times I jumped the gun with long calls. I am actually bearish into the end of 2023. The reason I am so stubborn to pick the local bottom is that my charts just do not make sense without this last big jump to 90-100 range that I expect any time soon. The chart is a complete meat grinder. The price is actually trading under moving averages on many timeframes and sending me bearish technical signals. There are bearish candles and engulfings all over the chart. It is only the Elliott Wave count that keeps me bullish since I cannot see an alternative that could continue the downtrend. However, I am running out of bullish counts as well. The leading diagonal is very risky bet without having it fully formed. However, besides Elliott Wave count there are emerging signs in support of bullish case. See the falling trendline that the price broke through and now retesting from above in a good bye kiss? Gasoil chart looks more pointed upwards trading above moving averages. And gasoil crack has made a bottom and is recovering (will post as an update to this chart).
TVC:USOIL
by Fomenka
1
XTIUSD BuyAs we have seen in gold that gold has formed a triangle patteren and now if we see at Crude Oil its also forming this wedge and has complete its E wave after completion of ABCD now it will be going Upwards so we will buying this commodity after it breaks 72.89 level and price sustain there then it will be a bullish move to 73.74 price level so we wil be waiting for price action while am posting this idea seems like there is a Bullish engulfing or morubozu is forming On H1 time frame so we will until we get a clear Price action too..
FXOPEN:XTIUSDLong
by Wakeel_Saab