Oil Bears May Look to PounceCrude oil futures have teetered for weeks, and the bears may be getting ready to pounce.
The first pattern on today’s chart is the sharp drop in early April after President Trump announced higher-than-expected tariffs. CL1! quickly broke the 65.27 level where it bounced in September and early March
Crude Oil Futures
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Contract highlights
Crude oil futures Trade the range In this video I look at the current range that we are in and I have laid out a plan in the scenario that we break that range to the upside and what we could possibly expect .
I have given some reaction zones where I anticipate price to react when we reach there .
I have used Fibonacci, volume pro
Liquidity Hunt: Crude Oil's Next TargetFenzoFx—Crude Oil remains below the $64.19 resistance level. The Stochastic Oscillator is in overbought territory, and RSI 14 signals bearish divergence, suggesting a possible price dip.
Oil could briefly surpass $64.19 to grab liquidity before facing selling pressure. In this case, a drop toward t
Coffee is going higher.6 5 25 coffee is going ... it just did a two-bar reversal. Tesla is moving lower and was a good short trade.... It traded down to a support area which was also a 382 retracement. it's possible for Tesla to find some buyers but it's more likely that it will continue our to the 618 retracement
Crude Oil - Two Scenarios and about Brain PowerPrice retests the L-MLH.
VI. - Price breaks upward, target is the centerline
VII. - Price reverses again, then the target is the 1/4 line, with a subsequent extended target at the red centerline, and possibly even lower at the white dashed warning line.
On a personal note:
I was once again told t
CL Trade Idea – Waiting for Buy Reaction in Demand Zonem currently watching Crude Oil Futures (CL) closely.
Price has broken below my EMA and is heading toward the demand zone marked in green . I’m not rushing in — waiting patiently for price to reach that zone and give me a reaction.
📌 What I'm Looking For:
A clear bullish reaction within the zone.
Crude Oil is in Buy Side Discount LevelFenzoFx—Crude Oil formed a hammer candlestick pattern near weekly support after losing 4.0% of its value on Thursday. The London session began with a bullish FVG in the lower time frame, with support at $60.55.
The price is expected to target the immediate resistance at $61.3.
Oil Price on Cusp of Testing May HighThe price of oil is on the cusp of testing the May high ($64.19) after closing above the 50-Day SMA ($62.04) for the first time since April, with a break/close above $64.20 (61.8% Fibonacci retracement) bringing the April high ($71.16) on the radar.
Need a move/close above the $70.30 (61.8% Fibonac
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures is Feb 18, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures before Feb 18, 2022.