CL Watching yo see if High Volume Node from ~70-72.5 holds for support for push higher later in week and into next.
Contract highlights
Crude Oil Swing Trade Prediction Using ICT MethodPredicting to see Crude Oil go above 75.00 per Barrel. Waiting for an entry at the ICT +Breaker
WEEKLY FOREX FORECAST SEPT 7-11th: US WTI CRUDE OILUS WTI Crude Oil expanded to the upside last week, with a convincing close. ON the Daily, a +FVG was formed. Things are in place for price to continue to move higher.
My bias is bullish, and I am looking for buys.
Consider the tension in the Mid East, pushing prices higher.
Check the comments sec
2024-10-03 - priceactiontds - daily update - oilGood Evening and I hope you are well.
tl;dr
oil - Continues to be wild. Got stopped out too many times today and wanted to hurt myself. Huge tails on daily bars above and today a 350 (5%) tick ripper. Bulls just melted through the bear trend line. Can absolutely be a bull trap and we see another
US WTI CRUDE OIL... Looking to BUY IT!US OIL
Price has pulled back into the Weekly and Daily +FVG. There is a good chance 73-72.00 will hold support, sending prices higher.
My eyes on the lookout for valid buy setups.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon
Audacious Oil SetupOn the macro, this looks like a potential position idea. LONG term holds, at least a year. Let's see if we get the reversal off the zone. If we do reject that zone nicely, I think we're in for a nice long roadtrip.
Crude oil saved by the 200-day MA (for now)A combination of factors saw crude oil snap its 5-day winning streak on Tuesday. China's equity markets plunged at double-digit levels when traders realised no new stimulus from China was to be unveiled after golden weak. US production forecasts were lowered by the EIA and concerns over the Middle E
Crude oil rejects key resistance despite elevated tensions Crude oil overnight shied away from our key resistance at $72.50 highlighted in this article here yesterday www.ig.com as the market pushed back expectations of an Israeli response to Iran's missile attack until the end of the Rosh Hashanah holiday tomorrow.
While its possible, we think its unlike
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Jul 2018) is Jun 20, 2018.
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 (Jul 2018) before Jun 20, 2018.