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

USOUSD (OIL), key support remains in play Thanks for checking our latest update. Today we are looking at oil on its daily chart. The key questions we are asking today from a technical perspective are: Will we see key support continue to hold, and will the rough looking ending diagonal pattern confirm, setting off a new rally? Or could sellers finally break the discussed key support area, setting off a new leg lower? Key support: $67 - $66.50. As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market. Good trading from Eightcap.
EIGHTCAP:USOUSD
by Eightcap
Falling towards pullback support?USO/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could bounce from this level to our take profit. Entry: 66.96 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Stop loss: 65.52 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Take profit: 68.66 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
My Bearish Setup in Progress on WTI Crude Oil WTI crude oil has been in a steady downtrend and recently formed a potential supply zone (purple area) around $69.50–$70.15, aligning with a key inefficiency. Price action suggests a bearish reaction at this zone, with the potential for lower highs before a continuation to the downside. Liquidity below $66.68 is the next probable target as sellers dominate the market. The setup favors waiting for price to tap into the supply zone, showing clear rejection signs before executing shorts. A break below recent lows would confirm bearish momentum, with further downside targets in the $65.50–$64.50 range.
BLACKBULL:WTI
by TopGBanks
WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe) Chart Analysis Price Levels and Patterns: Current Price: 67.10 USD Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside. Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level. Support and Resistance Levels: Support Levels: 67.10 USD (current price level) 67.02 USD 66.77 USD Resistance Levels: 68.56 USD (target) 68.49 USD 68.29 USD Technical Indicators: Volume: Noticeable increase during recent price movements, indicating strong market interest. RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity. MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal. Buy Strategy with Confirmations Confirmation of Breakout: Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation. RSI Confirmation: Ensure that the RSI is moving out of the oversold territory (above 30). MACD Confirmation: Look for a bullish crossover in the MACD indicator. Entry Point: Enter a long position once the price closes above the wedge with the above confirmations. Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the wedge. Target: Set the target at 68.56 USD, as indicated on the chart. Sell Strategy with Confirmations Failure to Breakout: If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position. RSI Confirmation: Ensure that the RSI is moving towards the oversold territory (below 30). MACD Confirmation: Look for a bearish crossover in the MACD indicator. Entry Point: Enter a short position once the price closes below the wedge with the above confirmations. Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the wedge. Target: Set the target at the next support level, around 67.02 USD or lower. By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
TVC:USOIL
by Alexgoldhunter
USOIL Technical Analysis! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 67.10 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 68.19 My Stop Loss - 66.46 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67.101. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
2
WTI - Bearish 1Hour Divergence. Daily Trendline Tested. Market Analysis: Asset: WTI (US Oil) Timeframes: 1-Hour: Bearish divergence observed, suggesting weakening bullish momentum. Daily: Trendline resistance tested and validated with three touchpoints, reinforcing its strength. 2. Divergence and Trendline Details: Bearish Divergence: The price is making higher highs on the 1-hour chart, while oscillators (RSI, MACD) are making lower highs, signaling potential reversal to the downside. Trendline Resistance: On the daily chart, the trendline has been tested three times, confirming a strong resistance area. 3. Trade Setup: Entry Point: Enter a short position once a bearish confirmation candle forms on the 1-hour chart (e.g., bearish engulfing or shooting star). Alternatively, use a sell stop order just below the most recent 1-hour low to confirm the downward momentum. Stop-Loss: Place the stop-loss above the recent swing high on the 1-hour chart to account for potential volatility near resistance. Take-Profit: Aim for a 1:2 or higher risk-reward ratio. Target key support levels or Fibonacci retracement zones on the 4-hour or daily chart. 4. Risk Management: Position Size: Calculate based on the distance between entry and stop-loss, risking no more than 1-2% of trading capital. Risk-Reward Ratio: Prioritize setups with at least a 1:2 risk-reward ratio to ensure favorable potential outcomes. 5. Additional Confirmation: Volume Analysis: Look for decreasing volume as the price approaches the resistance trendline, signaling reduced bullish strength. Support-Resistance Levels: Ensure targets align with well-defined support zones from prior price action. 6. Trade Execution: Place Orders: Set a sell order with predefined stop-loss and take-profit levels. Monitor for bearish momentum indicators, such as trendline rejection or break of lower time-frame support. Adjust Stops: If the price moves in your favor, trail the stop-loss to lock in profits as the trade develops.
FX:USOILShort
by MAAwan
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading. At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again. Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
TVC:USOILLong
by Trader_Marvin
1
WTI crude oil Wave Analysis 6 December 2024 - WTI crude oil broke support zone - Likely to fall to support levels 66.6 and 66.00 WTI crude oil today broke the support zone lying at the intersection of the support level 67.60 and the support trendline of the daily Triangle from September. The breakout of this support zone should add to the bearish pressure on WTI crude oil in the coming trading sessions. Given the strong multi-month downtrend, WTI crude oil can be expected to fall toward the next support levels 66.6 and 66.00.
FX_IDC:USDWTIShort
by FxProGlobal