Crude shortAfter the faillure hoding 88 area, crude has only downside. I expect a move till the 50% fibo level at 79. Good luck with the tradeShortby FrozenAutumnUpdated 1
Long Signal on CRUDE OIL(CL FUTUR)Hello enveryone, He have a fantastic signal on the Crude OIL, in 15Min Chart, you could buy it now with stop loss of 76$ and the target could be 77,5, This trader is for short term investement, with high probabilite and Risk reward ratio, I Hope you find my Idea benifical, sée you soon Longby AbdessamadibrouriPublished 112
Crude Oil Futures ~ Golden Pocket Support (2H Intraday)NYMEX:CL1! intraday mapping/analysis. Crude Oil Futures finding support on Golden Pocket + lower range of descending parallel channel (white dashed) confluence zone after flat bottom break, while hovering above lower range of ascending parallel channel (green) + 66% Fib confluence. Price action accumulating while digesting recent sell-off Bias leaning towards bullish reversal to re-test break aka "return to scene of crime", TBC Heavy confluence zone(s) underneath to keep price elevated (unless wrecked by major economic/geopolitical news catalyst) Breakout above accumulation to validate bullish reversal &/or tap parallel channel (green) + 66% Fib confluence & rip back up to trigger fake dump/liquidity grab Eyes on US Yields for correlation (linked via Related Ideas) Set alerts - wait for trade to setup - hyper-awareness for potential oil manipulation by either OPEC+ or US (SPR refill narrative)by BlueHatInvestorPublished 1
Crude Oil probabilitiesThe Crude Oil will probably get low before reaching the top in a technical way , in we want to talk about the fondament reasons , we must speek about the war in unkrain , the stablity of the midle east and its conflicts ... we will see about this let's wait Longby mahdifoulal1Published 1
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;) by sepehrqanbariPublished 4
Crude Oil Futures ~ November TA Outlook (4H Intraday)NYMEX:CL1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes Crude Oil Futures capitulating from early October rally despite ongoing Middle East tensions & geopolitical uncertainty. Only macroeconomic narrative/headwind that would override war escalations is increasing probability of global recession-induced demand destruction, IMO. Notes: Flat bottom pattern development = bias towards bearish price action, TBC. Crude Oil = highly manipulated trade with ongoing short-risk from Saudi Arabia &/or Russian market intervention - trade at your own risk to capital. Shortby BlueHatInvestorUpdated 2
Long on Crude OIL (CL FUTURE)_15MINHello, This morning i notice a long signal on CL future with high probabilite and good risk reward ratio, for short term investement(few hours), Our stopp loss is 75,19$, and the target could be 77$, I Hope you find my Idea beneficial, Have a good day.Longby AbdessamadibrouriPublished 111
Long in case this weekly pivot holds.I use super trend to back my entries. I enter right off the pivot so the risk is minimal. I am going to use GUSH as the racehorse. Entry off pivot limits most the risk. 1 month is a buy too on top of it. by lightningfreekPublished 0
Crude Should Make Bottom Around 6330 LevelsAs Per Chart Crude Is Trading in Weekly Channel. Possible Bottom Around 6330 Levels Look for Reversal to Trade Here Crude Should Make Bottom Around 6330 LevelsLongby ProTradersInstitutePublished 1122
Crude Oil Trading in Parallel ChannelCrude Oil Trading in Parallel Channel, possibly crude oil can touch the lower line of Parallel Channel and the Levels are 6349Shortby narangsantosh87Published 0
crud falling with head & shoulder patternrsi falling bellow 50 DIplus try to crosing down DIminus volume increses in selling BUT ONLY ONE INDICATOR israel-philistin WAR SAYs ' NO '🙌 🤣🤣🤣🤣🤣🤣🤣🤣 haa haa Shortby SANTOSHKPAWARUpdated 116
Oil Price Takes Out August LowThe price of oil takes out the August low ($77.59) after failing to defend the opening range for November. Crude Oil Outlook The price of oil trades to a fresh monthly low ($77.47) after struggling to close back above the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region, with the move below $77.80 (23.6% Fibonacci retracement) opening up the $75.60 (38.2% Fibonacci extension) region. Next area of interest comes in around $70.00 (50% Fibonacci extension) to $70.60 (61.8% Fibonacci retracement), but the price of oil may attempt to track the flattening slope in the 50-Day SMA ($86.39) if it holds above the $75.60 (38.2% Fibonacci extension) region. Need a move above the $82.10 (50% Fibonacci retracement) to $82.70 (23.6% Fibonacci extension) area to bring the monthly high ($83.60) on the radar, with the next region of interest coming in around $85.70 (38.2% Fibonacci extension) to $86.60 (38.2% Fibonacci retracement). by FOREXcomPublished 2
CL1 - Did The Dominant Trend Resume? 🧐Oil has become very bearish since $94 and to remind; that was just beyond the 1:0.618 Golden Window and long term trendline which was our topping target (see linked idea). We had also considered that it may get up to the blue long term retracement Golden Window @ $96, but the 1:0.618 that was just shy of that price area captured the top. There may be some significance to this because any ratio shy of the 0.618 could be a clue that the retracing wave is a connective wave to see a third wave down, potentially to find new lows. And so with oil looking very bearish here the question is whether a recovery is coming or the dominant trend has resumed here to go lower. Retrospectively the short setup we took may have actually been that of a higher time frame pivot. And as we looked at in a previous video, the choppy contraction pattern proved to be a connective wave to go lower and as it did tidily hit the 0.618 retracement, the opportunity was there to re-fire another short. And now you can see retrospectively that our take profit price was just before connective wave bounce Today oil is printing a very bearish candle and there are a lot of liquidity landmarks in this area: the long term trendline, 50WMA 200DMA that oil has now crossed, and just below is the 1:1 extension Golden Window and the blue retracement Golden Window. So very soon we should gain a better understanding of what will happen next with oil. If it is going to hold this area it does need a hard bounce soon 🧐. Not adviceby dRends35Published 7
Oil - Bulls Will Be Totally AnnihilatedIn early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target. CL WTI Crude Oil - Getting In Sync With The Market Makers In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars. Oil - A New Long Leg Down Soon Begins There's all sorts of fundamental reasons, one will say, that mean there's NO WAY oil should go down, so much! It should go up, because reasons! And I think that is true. I think we're going to see $150 or $200 crude in a future that isn't very far away. But before that happens, since oil has failed to continue upward momentum, the entire previous range from the Russia-Ukraine War has been traded, and the year has mostly been flat-red, it seems to me pretty obvious that the MMs are going to be MMs and go dumpster some long-term longs. Which means we have a target of $56 before the end of 2024, based on monthly candles: It's only that I think $56 won't be "the bottom," they'll drive it lowerer for longerer and make energy bulls and equities bears hate their life, before the real fun starts, because that's how big accumulation happens. Super high prices is almost always preceded by super deep selling. Producers get net short. Before they get net short, it takes some time to get net long, and even though you may not see that in Commitment of Traders, the big oil companies have entire floors of their headquarter buildings devoted to trading, a lot like a bank. The Black Swan of Black Swans, though, that can spoil everyone's fun plans, is the Chinese Communist Party and Xi Jinping's tenuous grip on power and reality. I've said in virtually every post that the CCP is going to fall in our lifetimes. It can fall in one of two ways: 1. Xi Jinping goes Gorbachev and throws the evil Party away, saving China and himself 2. Xi Jinping is strung up as the head of the evil Party, goes down to Hell with the CCP, and something else replaces it What's at stake for Xi is not only the CCP's boundless crimes against humanity and the ruination of China's 5,000 year Heavenly Dynasties, but the eternal sin of the 24-year organ harvesting and genocide against Falun Dafa's 100 million students. Although that persecution was started in 1999 by former Chairman Jiang Zemin, who died, because Xi is the leader of the CCP, he'll inherit the crime and face the same Sepulcher, unless he can throw the regime away like the man he ought to be. When the CCP finally falls, whether it's because Wuhan Pneumonia dropped more than former Premier Li Keqiang, or because Xi dumpsters the Jiang Faction and the International Q Cult that's made itself a particle of the Red Dragon, everything is going to be bigly gap down on a Monday morning. Stuff like the price of oil may seriously moon, however, because the world society's electricity, heat, and transportation relies entirely on fossil fuels. And so all dumps on commodities may sharply truncate and reverse seemingly without cause, all equities rallies may sharply truncate and reverse seemingly without cause, and so the risk is enormous. Trading in these markets in the next 6 months is going to be like playing with fire or gambling your fingers near a really sharp knife. Never forget this point: a knife just cuts. A knife doesn't care who or what it cuts. It just cuts. If you don't want to lose your fingers and your hands, don't put your fingers and your hands under a knife. Once they're gone, there are no miracles to bring them back. The way it's looked at up high is that, in reality, you made the choice to put your hands under the knife, and so when it cuts what should be cut, it cut what should be cut, and that's your own problem caused by your own pursuits. Be careful.Shortby LordWrymouthUpdated 1123
Change of character to be down trend ? No!!I don't think WTI oil price become down trend in war situation on 4H chart price is on demand zone AB=CD bullish pattern is used in this trading entry Maybe this is another loss because I don't wait for reversal candle to confirm If price cannot stand in this area it will change of character to be down trend but I think in this kind of situation WTI not likely to become down trend RR 5 is very decent and passible for this trade Longby tofinsePublished 0
CL1! Crude Oil Day Trade 7-Nov-2023TRADE DIRECTION: SHORT; as indicated by the 4H-EMA 50 (yellow line) and the market structure. KEY LEVEL: Round numbers S&R with 50 ticks range between each level. TRIGGER SIGNAL: Doji and bearish pin bar (red arrows) with price failed to close above 79.50. RR: 1:1 SL: 100 Ticks TP: 100 Ticks (achieved)Shortby TheDemonTraderPublished 1
Oil 2023 Bearish Bets and Bullish HopesAfter reaching its recent height of $95 a barrel later in September. Crude oil has been on a downtrend since and is currently just below $80 a barrel. There are a lot of factors weighing on Crude oil such as weak Global demand, inflation, and tensions in the Middle East. My Self as well as other institutional traders have not changed our price target for Crude oil to reach $100 by early next year. Today we will look for levels of support for crude oil since it is currently in a downtrend. On the Daily Chart, we see a head and shoulder pattern that started around $68.We can see that the market clearly broke the neckline and is showing more momentum to the downside. We get a target of $70 to the downside is the head and should pattern plays out ideally. The distance from the head of the head and shoulder pattern to the neckline is the same distance from the break of the neckline to the last Take profit target when trading the head and shoulder pattern, this is market by PRZ#3(potential reversal zone). PRZ #2 @ $74 From the height of $95, the market made a lower high of $90 a barrel and failed to create a higher high. This was an indication that the bullish trend has now turned bearish. The Market got rejected at the 6.18 @90 and then headed down. By drawing the AB|CD pattern we see that area around $74 we see that as a good price target for the down movement. We also see the completion of a 5-point retracement pattern at this point. In Addition, the 6.18 extension is just below $73. PRZ #1 @ $77 This is a 6.18 retracement for the $95 highs from the $66 lows. This happens to be a good support area with multiple rejections. Even if there might not be as many technical factors as the other price zones, we need to mark it out so that we can see early price rejection. I have outlined important price zones I will be monitoring as the falling oil prices continue. It is also important to understand that due to the War in the Middle East, oil prices can be affected since oil-producing countries are involved. There is a decrease in supply and we are seeing close to Pandemic lows, in terms of oil production. OPEC has maintained oil cuts for the rest of the year so there is clearly a demand problem. by Voice_of_the_CryptosPublished 0
Oil11.6.23 Oil oil had a chance for a small profitable Scalp.... but I don't think it's a great trade for reasons that are discussed in the video. Some trades are just better than others. Generally trades with volatility are much better than contracted markets that have no volatility or minimal volatility. It's really easy to burn out scalping markets... as you're racking up more losing trades.... even though it can still be profitable for some traders... because they might have a good sense of when to get in and get out. The video has value because it makes distinctions that are easy to overlook. If nothing else, it will probably help you to develop a sense of opportunity versus risk.... and that's what I tried to do here... as one way to do that. there's an irony to trading from my perspective, and it is that you can trade too little, But generally it is much worse to trade too much. If you trade too little you may be Hesitant to take a trade... on the other hand if you trade too much... it's easier to trade more... but your focus is not on risk and the failure and that the target may not be enough...If you had thought about it before taking the trade.12:33by ScottBogatinPublished 9
CL1! Crude Oil Day Trade 6-Nov-2023The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart. TRADE DIRECTION: Long KEY LEVEL: 81.00 TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported by other bullish reversal candles (green arrows). Entry: 81.00 Stop Loss: 80.00 Profit Target: 82.00 (100 ticks of profit achieved) Risk to Reward Ratio - 1:1 Longby TheDemonTraderPublished 1
WTI TO 78.23$WTI Oil is going down to test 78.23$ level. We will wait to reach target then take another look. Follow to get next signal.Shortby Trader_ManagerPublished 0
OIL daily chart breakout and push to the psychological $100OIL is testing this key trendline right now, and I'm watching to see if it rejects or breaks higher. I'm leaning towards breaking higher with a the psychological $100 number as my target. Longby Jon4th4nB1rdUpdated 2
Long trade We saw an opportunity comparing it with the volume to be able to make a profit and leave the market positively.Long10:29by ecastillo2492Published 0
#CRUDEOIL UPDATE 📆 3rd NOVEMBER Resistance: 6900, 7080 Support: 6750 Moving towards support 6750 BMI suggests that prices are fluctuating due to the conflict-related supply risks and concerns about a slowing global economy impacting demand. There's ongoing worry that Iranian oil output could face sanctions, potentially reducing supply in an already tight market.Shortby Shalvisharma5Published 9