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Crude Oil Mini Futures

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CRUDEOILM1! trade ideas

Spot Bullish and Bearish Divergence PatternsHow to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish. In simple words, the price movement is opposite to the stochRSI, Price lower lows, stochRSI higher lows = bullish divergence>go buy Price higher highs, stochRSI lower highs = bearish divergence>go sell
NYMEX:CL1!
by TraderAsist
WTI Crude oil - last update. Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3. Our current strategy: Moderately Long following wave3 of the minor trend(yellow). Our current position's risk profile @$72.58: delta +0.35, gamma +0.28 Hedging point: on breakout $72.30. or @area $74.00
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading
Crude in Wave 3 - Bullish ChannelBasically and continuation of previous published idea. Wave counts have been updated and the low at Wave 2 sets the lower channel. Wave 1 ended and was followed by and expanded flat Wave 2. Continued movement above the bearish downtrend channel continues to give great confidence we are seeing a trend change to bullish movement. Friday's closing looks to have ended with an ABCDE triangle that will end in a Wave 5 on a lesser count. I'll take a snapshot of my minutes count and add to the replies. Overall, I'm bullish. Looking to buy dips and will likely see and end to this wave in the 80's. Thoughts and ideas only and charts and comments not meant for trading decisions of any kind. I advise you to due your own diligence, keep your own counsel, and trade at your own risk.
NYMEX:CL1!Long
by HedgehogLanding
4
WTI Crude oil - last update Our overview: Red Sea tension on focus again. Divergence on hourly RSI. On breakout and close on hourly timeframe above $74.00 push the price straight to area $75.60/$76.00. On the other side, breakout of $72.80 could push again the price towards the bottom of the trading range. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3. Our current strategy: Neutral follow the market. Our current position's risk profile @$73.95: delta -0.03, gamma +0.24 Hedging point: not set
NYMEX:CL1!
by DeltaZeroProprietaryTrading
WTI crude looks set to retrace before its next big leg higherWTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported. From here we’re looking for prices to revert to $70. But given the strong support around the June lows / $68 and false break of $70, the bigger picture view is for a bullish rally to develop following a retracement heading into the new year. $80 seems feasible as an initial target, around the 200-day EMA. But as you’ll see in the next post, a bigger bullish reversal could be unfolding on the weekly chart.
NYMEX:CL1!Short
by CityIndex
2
Oil possible bottom/accumulation Oil has been chopping around the 67-73 area for about a month now and has not created any lower lows after last lower high. Clearly holding up very well and broke the multi month down trend line of resistance and is currently finding/bouncing off it as support. Ideally would like to see the trend line hold and not breach below. A hold of 72 would be very bullish but Oil is known to be very choppy and it is possible it could see 67-70 again before breaking out, however if this does happen it should be very short lived or it could lead to much lower levels. I am currently long with a stop at 70.
NYMEX:CL1!Long
by duhmaso
1
WTI Crude oil - last update Our overview: Negative EIA data, worse then the previous API release, push the price back to retest the support @$71.00. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3. Our current strategy: Moderately Long looking to follow the trend's wave with first target in area @$74.00(top of the actual trading range). Our current position's risk profile @$71.25: delta +0.25, gamma +0.23 Hedging point: on breakout $71.00
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading