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WBS1! trade ideas

Crude oil---sell near 63.90, target 60.00-58.00Crude oil market analysis: The recent crude oil has been delivered. The new contract is relatively strong at present. Yesterday's daily line closed with a positive line. In the short-term bottom shock, we are still bearish on crude oil today. We continue to sell. The large pattern suppresses around 65.30. The daily moving average suppresses around 65.700, which means that buying needs to break this position to reverse. Today's crude oil is suppressed at 63.90. Operational suggestions: Crude oil---sell near 63.90, target 60.00-58.00
NYMEX:CL1!Short
by BraveTigercat
1
The pivotal technical threshold is $65 for the price of oil The price of US crude oil broke a major technical support in April The price of oil gave a technical red alert at the beginning of April after breaking a major long-term support, all against a complicated fundamental backdrop: the so-called reciprocal tariff trade war, geopolitical tensions and internal divisions within OPEC+. The immediate consequence: a sharp fall in prices, the steepest since the health crisis of 2020. Does this fall reflect economic reality, or is it the result of excessive negative sentiment? WTI has broken the technical threshold of $65, a pivotal level which had been the market peak ahead of the health crisis in early 2020. This multi-year support gave way under the blows of a market frightened by the prospect of a global recession, whereas it had been preserved since last September. But therein lies the nuance: it's not the recession itself that's at work, but the anticipation of a slowdown, fuelled by daily political and commercial volatility. At a fundamental level, the fall in the price of oil represents several factors: - The increased probability of a global economic recession linked to the uncertainty of the prospective international trade framework. - The new all-time record in US oil production and the Trump Administration's intensive drilling policy. - Strong dissension among OPEC+ member countries, which ultimately led to an increase in oil supply of over 400K barrels/day from May onwards, i.e. three times the volume initially forecast - Uncertainty over the evolution of global demand and rising production, it was this new supply/demand ratio that led to the break of the $65 technical support on US crude at the beginning of April. $65 is therefore the fundamental and technical pivot for the price of oil The message is twofold. Technically, the signal is crystal-clear: oil has broken a major support. Fundamentally, the scenario of a recession remains hypothetical, as the economic data have not yet validated it. The market is anticipating, often too fast, often too hard. An analysis of the historical price of US oil shows that the $65 threshold is a kind of frontier between optimistic and pessimistic economic expectations. Clearly, if the market holds below this resistance level, it will be a sign of a trade war that is still a long way off trade agreements. On the other hand, a return to the $65 mark would signal a return to a stable trading environment and a rise in the price of oil towards $80. Finally, from a macro point of view, an oil price below $65 could accelerate the disinflation process, bringing the FED closer to a pivot. April's fall in the price of oil on the commodities market would therefore be a blessing in disguise. 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NYMEX:CL1!
by Swissquote
Weekly Market Forecast WTI CRUDE OIL: Bearish! Wait For SellsThis forecast is for the week of April 21 - 25th. Oil has made a classic bearish impulse down, then a corrective retracement. The natural expectation is another impulse down. The fact that price pulled back into a W -FVG allows for this bearish expectation. Wait for a bearish break of market structure to confirm a valid sell setup... and trade accordingly. No confirmation, not trade! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Short
by RT_Money
1
Crude oil-----Buy near 65.00, target 62.30-60.00Crude oil market analysis: Recently, crude oil has also fluctuated greatly due to the influence of fundamentals. It started to rise rapidly yesterday, and the daily line closed with a standard big hammer candle pattern. Today, we rely on the 65.20 position to buy. We can also consider buying when it falls back to a small support. Today's crude oil trend is bearish, and short-term buying and selling are both possible. The current fundamentals have basically not changed the selling of crude oil. In addition, there will be EIA crude oil inventory data tonight. Today's crude oil is expected to fluctuate greatly. Consider selling it when it rebounds to 65.00 in the Asian session. Fundamental analysis: Tariffs are the biggest fundamentals in the near future, and the market impact is relatively large. Today we focus on CPI data and crude oil inventory data. Operation suggestions: Crude oil-----Buy near 65.00, target 62.30-60.00
NYMEX:CL1!Long
by BraveTigercat
1
Crude oil------sell near 63.00, target 60.00-57.00Crude oil market analysis: The recent daily crude oil line is still not very strong. There was a rebound, but it was just a rebound. Gold rose strongly, but crude oil did not rise strongly. Yesterday's crude oil also ran down slightly. Today's crude oil is still around 63.00 and 65.00, which are opportunities to consider selling. If it continues to decline and stabilizes around 57.00, buy it back. Crude oil does not reflect the fundamentals so strongly. Fundamental analysis: The CPI announced yesterday did not have a big impact on the market, but the data difference was still relatively large, and the result was -0.1%. The bulls only rose slightly. The bottoming out and rebound of the US stock market was mainly due to Trump's withdrawal of some tariff policies. Operational suggestions Crude oil------sell near 63.00, target 60.00-57.00
NYMEX:CL1!Short
by BraveTigercat
Crude oil-----sell near 61.00, target 69.00-67.00Crude oil market analysis: Tariffs have been increased again, and crude oil continues to fall sharply. It is difficult to change the short-term selling of crude oil. In addition, data and fundamentals all suppress it. Today's crude oil can continue to find selling opportunities. The crude oil pattern shows that the possibility of a big rebound is small. We pay attention to the suppression position of its moving average, which has dropped to around 61.80. This position is also the high point of yesterday's rebound. Today's idea will rely on this position to sell it. The first suppression of crude oil is around 59.30, and the strong pressure is 61.80. Fundamental analysis: The tariff war continues to affect the market, and buying and selling have begun a big game. We will pay attention to CPI later, and there will be crude oil inventory data today. Operation suggestions: Crude oil-----sell near 61.00, target 69.00-67.00
NYMEX:CL1!Short
by BraveTigercat
Light Crude Oil (CL) is Targeting Further Declines in the Near TLight Crude Oil (CL) has exhibited a downward trajectory since reaching its high on January 16, 2025, with indications suggesting further declines ahead. The descent follows an incomplete bearish pattern, structured as a double three Elliott Wave formation. The initial decline, termed wave W, concluded at 65.22, followed by a recovery to 72.23, designated as wave X. The price has since resumed its downward movement in wave Y, characterized by a zigzag pattern. From the wave X peak of 72.23, the price fell to 69.27, marking the end of wave (i), then rose to 70.15 in wave (ii). The decline continued in wave (iii) to 60.45, followed by a recovery in wave (iv) to 63.20. The final segment, wave (v), concluded at 58.95, completing wave ((a)). A subsequent rise in wave ((b)) reached 63.90, after which the price resumed its descent in wave ((c)). For this downward trend to solidify, the price must fall below the 58.95 level established by wave ((a)). Otherwise, a potential stabilization or reversal remains possible. In the near term, as long as the 72.23 high remains intact, any upward movements are expected to lose momentum—potentially after 3, 7, or 11 incremental rises—leading to further declines.
NYMEX:CL1!
by Elliottwave-Forecast
Crude Oil: Volatility and Key Levels in FocusThe Crude Oil (CL1!) chart shows a recent phase of high volatility, with a sharp decline followed by a recovery attempt. After reaching the recent high around 80.77, the price underwent a significant correction, returning to the key support zone between 60.97 and 62.43. This price range represents an important accumulation level, previously tested multiple times in recent months and defended by buyers. From a technical perspective, the area between 65.27 and 69.00 represents a dynamic resistance zone, whose breakout could pave the way for a recovery towards the critical 73.00 area. However, the recent bearish impulse has pressured lower levels, and a weekly close below 60.97 could indicate a structural trend change, with potential bearish targets around 57.00. The RSI is currently in an oversold zone, suggesting a potential consolidation phase or a technical rebound attempt. However, selling pressure remains high, and sentiment is negative, partly driven by global economic uncertainties and concerns about oil demand. From an operational perspective, a move back above 65.27 could indicate a recovery phase, with targets at 69.00 and subsequently 73.00. Conversely, a break below 60.97 would open negative scenarios with a possible extension towards the lower support at 57.00. Investors remain focused on macroeconomic data and OPEC+ decisions, as potential production cuts could trigger a new rally, while an unfavorable macro environment could increase selling pressure.
NYMEX:CL1!Long
by EdgeTradingJourney
1