CRUDE OIL "3 Heads Monster"Could this 3 Heads & Shoulders come to live ?
Built in "Close Price Line Chart" (Candle = Same formation)
Small (black) H&S Target @ 59.34
Medium (orange) H&S Target @ 44.32
Large (blue) H&S Target @ 10.29
Contract highlights
Falling wedge Breakout in CRUDE?Crudeoil Update (4-Hour Timeframe)
Pattern Formation: Falling Wedge, typically suggesting a potential breakout to the upside.
Current Setup: Crudeoil has taken support at the 5900 level and is now trending upward within the wedge.
Entry Above: 6025
Target 1: 6100
Target 2: 6220
Target 3: 6380
St
MCL Long 11/5/2024MCL is in an uptrend. Placed a long position in confluence HV DZ (the upper zone). Waited for price to break previous high. Risk=$220. Target= 1:1 and 3:1.
MCL Short 11/6/2024MCL is in an uptrend. But price made a LH DT. CL inventories report is bearish with high supply. Placed a short position in HV SZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and gap fill.
Crude Oil Smoked Again. Will the downtrend continue?Hey, guys. Noticed this evening Crude Oil is down yet again. In this video, taking a look at the technicals and whether this downtrend will continue or not. Oil is in a little bit of a confusing spot, but there is certainly good reason to think the weakness will continue. Hope this video will give y
MCL Long 10/30/2024MCL is in a SW + uptrend because price closed above 4hr MA. Taking a long position in DZ below MA. Taking half risk because zone has been tested. Chances of less unfilled orders. We have 2 zones overlapping. I chose the lower one because of SW trend. Risk= $90. Target= 1:1 and 3:1.
CL longI see a possible long so taking it. h&n after sweeping NY pm session low. Am assuming 80% chance to hit target. Don't take this trade I am testing theory lol
Oil looking for 71.86$oil now above demand zone (67.19 -68.38) and there is Bullish Divergence if it's still above these levels and if price action appears it will be good long trade to reach 71.86 / 77.74 / 80.18 / 84.48 / 87.59.
Good Luck
Bullish Crude Oil Futures Trade Idea:Crude oil futures are set up for potential bullish movement as inventory levels remain low, and recent economic data supports ongoing demand. Supply-side factors, such as lower-than-expected inventories and potential OPEC+ production cuts, add upward pressure. I’m looking for a push into higher resi
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Feb 2024) is Jan 22, 2024.
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 (Feb 2024) before Jan 22, 2024.