Get started
Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

CL-OIL trade ideas

WTI Crude Oil: Mastering Price Action for Profitable Trades!TVC:USOIL ALEXGOLDDHUNTER Chart Analysis: WTI Crude Oil 1-Hour Timeframe Key Levels and Zones Support Levels: Around $68.70 - $68.80 $69.50 (Break of Structure - BOS) Resistance Levels: Around $70.00 $70.16 (Short 2022 Model) Fair Value Gap (FVG): Between $69.80 - $70.00 Indicators: RSI: 61.59 (neutral to slightly bullish) MACD: Shows bullish momentum with the MACD line above the signal line Volume: High trading activity around key levels Buy Strategy Entry Point: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the support level around $68.70 - $68.80. Confirm the trend continuation with a Break of Structure (BOS) above $69.50. Stop Loss: Place a stop loss below the recent support level at around $68.50 to minimize risk. Take Profit: First target at the 0.5 Fibonacci level around $69.80. Second target at the Fair Value Gap (FVG) between $69.80 - $70.00. Sell Strategy Entry Point: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the resistance level around $70.16. Confirm the trend continuation with a Change of Character (CHoCH) below $69.50. Stop Loss: Place a stop loss above the recent resistance level at around $70.30 to minimize risk. Take Profit: First target at the Break of Structure (BOS) level around $69.50. Second target at the support level around $68.70 - $68.80. VIP Signal Format (lowercase) entry: $68.70 - $68.80 (buy) tp1: $69.80 tp2: $70.00 sl: $68.50 entry: $70.16 (sell) tp1: $69.50 tp2: $68.70 - $68.80 sl: $70.30 Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading financial instruments involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Follow @Alexgoldhunter for more strategic ideas and minds
TVC:USOIL
by Alexgoldhunter
Drill baby, drill - oil price to follow down underground?Predicting the price of oil is risky business.. So many factors at play, and so many factors out of anyone’s control, influenced by world events and the actions of unpredictable players. So do your own research, base your decisions on your beliefs. Here’s my two cents. The US president elect has stated he will open the wells on drilling, fracking and anything else that can produce oil. Increased supply - reduced price. Tension between Iran and Israel will likely soften, in the way that Iran will think twice about retaliating the Israeli attack now that a more direct person is at the wheel in the US. That being said, his takeover is still a few months away, but the sitting President has now nothing to lose. And, we are heading into winter, with reduced gasoline demand. The attached chart shows a horizontal channel, however I don’t think that is relevant in this situation. World events take the driving seat, and I believe oil price will decent going forward.
CAPITALCOM:OIL_CRUDEShort
by WeRideAtDawn
Crude oil weighing demand concernsOn the other hand, crude oil is currently trading below the critical threshold of $70.00, reflecting growing concerns over demand due to disappointing economic data from China. This decline has sparked fears of reduced consumption in one of the world's largest oil markets, prompting traders to reassess their outlook. The technical landscape for crude oil shows notable support around **$65.00**, which traders will be watching closely. If prices continue to hold below **$70.00**, short positions may become increasingly viable as bearish sentiment prevails. Resistance at this level will need to be overcome for any bullish momentum to materialize. Given the current volatility in oil markets, it’s essential for traders to remain cautious and vigilant. Monitoring real-time economic indicators will be critical in making informed trading decisions as we navigate through these uncertain waters.
TVC:USOIL
by Exness_Official
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down. 🔻In the another side OPEC+ decided increaseof their supply. 🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price. 🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price. 🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov' to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price 🔵So many countries economics related together so if US ecnomy will recovery it self China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume. ✅In my idea 66$ to 63$ very big support area and good place to order Buy. my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔ 💌pls add your idea too and let me know❗❓
EASYMARKETS:OILUSD
by TheApolloo
WTI: Head & Shoulders Could Trigger Drop to $67.48OANDA:WTICOUSD On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern. With this support reinforcement, there is a potential for the formation of a head and shoulders pattern, with the neckline at $69.22. It’s important to note that the pattern will only be validated if the price breaks below this fractal support. If validated, the pattern could trigger a decline towards the 200% Fibonacci extension level at $67.48. Key Takeaways for WTI Crude Oil: Bearish alt-Bat pattern formed at $71.14. Price dropped to $69.22, establishing a new fractal support. A potential head and shoulders pattern is forming, with support at $69.22 acting as the neckline. Break below $69.22 would validate the head and shoulders pattern. If validated, the price could fall to $67.48, aligning with the 200% Fibonacci extension level.
OANDA:WTICOUSDShort
by Andre_Cardoso
WTI Short - if we see the following play out.Looking at fair value gaps, and imbalance in the markets. This morning I identified the fair value gaps on WTI, as you can see on the chart it is playing out according to plan. If the price now continues to rise and starts to turn round when it hits the sell zone on the chart, then I will look for the following before I take the short. - Price Action - Deal flow where the buyers are running out of steam, and the sellers are starting to take over. If this happens then I plan a short on WTI. James Sandrock
CFI:WTIShort
by James_Gordon_Sandrock
Analysis of the 1-Hour Crude Oil Chart (WTI)1. Rising Wedge Pattern: A rising wedge has been detected, which is a bearish reversal pattern. This typically signals a potential price breakdown. The wedge resistance aligns near 71.00–72.00, indicating a potential cap. 2. Key Zones: Premium Zone: Around 70.80–71.00, where sellers have shown dominance previously. Equilibrium: Price around 68.90 marks a fair value where buyers/sellers balanced previously. Discount Zone: Strong demand zone lies between 66.50–67.00, suggesting significant buying pressure. 3. Moving Averages: Price is above the 200 EMA, indicating an overall short-term bullish trend, but the rising wedge introduces caution. 4. Support Levels: Immediate Support: $70.00 Next Support: $68.90 (Equilibrium level) 5. Indicators: Volume Analysis: Lower volumes during the upward move suggest weakening bullish momentum. Momentum: If price fails to sustain above $70.80, sellers may take control. Trade Strategy 1. Short-Term Bearish Setup: Sell: Near 70.80–71.00 (wedge resistance). Target: 1st Target: 69.50 (initial drop support). 2nd Target: 68.90 (Equilibrium level). Stop-Loss: 71.50 (above wedge resistance). 2. Long Setup at Discount Zone: Buy: Near 67.00 (discount zone support). Target: 1st Target: 69.50 2nd Target: 70.50 Stop-Loss: 66.52 Key Watchouts A confirmed break below the wedge at $70.00 will validate a bearish move toward 68.90. A break above 71.50 would invalidate the bearish setup and signal further upside toward 72.50–73.00. Trade cautiously around the rising wedge, as breakdowns can be sharp. Use stop-losses to manage risk effectively.
CAPITALCOM:OIL_CRUDEShort
by Phola_86
Crude Oil: Price Action Tips for Big GainsTVC:USOIL AlexGoldHyunter Technical Analysis Using Price Action Techniques Key Levels and Structures Support and Resistance Levels: Resistance: Around 71.00 (marked by the red dashed line and "Equal Highs"). Support: Around 68.75 (marked by the green line labeled "Swing Low"). Fibonacci Retracement Levels: 0.382: 70.50904 0.618: 69.27906 0.786: 69.58792 Break of Structure (BOS): Multiple BOS annotations indicate significant price movements breaking previous highs or lows. Change of Character (CHoCH): Indicates a potential reversal or shift in market sentiment. Indicators Moving Averages: The chart includes two moving averages (red and blue lines), which can be used to identify trends and potential entry/exit points. Volume: Volume bars at the bottom indicate the trading activity, which can confirm the strength of price movements. Relative Strength Index (RSI): The RSI indicator shows overbought or oversold conditions, which can be used to time entries and exits. MACD: The MACD indicator at the bottom shows momentum and potential trend reversals. Buy Strategy Entry: Look for a bullish CHoCH or BOS above a significant resistance level (e.g., 71.00). Confirm with increasing volume and a bullish crossover in the MACD. RSI should be above 50 but not in the overbought zone. Stop-Loss: Place a stop-loss below the recent swing low or a significant support level (e.g., 68.75). Take-Profit: Use Fibonacci extension levels or previous resistance levels to set take-profit targets. Sell Strategy Entry: Look for a bearish CHoCH or BOS below a significant support level (e.g., 68.75). Confirm with increasing volume and a bearish crossover in the MACD. RSI should be below 50 but not in the oversold zone. Stop-Loss: Place a stop-loss above the recent swing high or a significant resistance level (e.g., 71.00). Take-Profit: Use Fibonacci retracement levels or previous support levels to set take-profit targets. By using these price action techniques and indicators, traders can develop a structured buy and sell strategy for trading CFDs on WTI Crude Oil. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
TVC:USOILLong
by Alexgoldhunter
WTI Bullish For Next Year?Oil defended himself against lower prices below 70 support zone in all year an that is a key factor for the bullish moment we can have in 2025. Also OPEC+ lowered the roof to produce million oil barrels for entire 2025 due to lower growth expectations and lower demand. This will pressure the price upwards in most of the time next year as the bloc wants a strong barrel. Movements that broke the 75 zone level would be a key to a stronger bullish bias for the next year. Otherwise, we have to be careful with movements below the 70 zone that is the stronger barrier we have to stop bearish positions.
FOREXCOM:USOIL
by jepinedac
USOUSD Oil Long bets. Moving up slowly but surely. Daily TF. The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet. This trade I recommended on Monday for a long position and these price levels are a bit of a bargain. If you wanted to buy in I would be buying the closing candle at 69.20 1 HR chart below. Price is just a nudge under 69 now
EIGHTCAP:USOUSDLong
by Easy_Explosive_Trading