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
Bearish Crude OilI'm currently bearish on crude oil futures as the market faces increased selling pressure due to a combination of oversupply concerns and slowing global demand. Recent inventory reports have shown larger-than-expected builds, indicating potential supply glut, which could push prices lower. Additiona
2024-10-09 - priceactiontds - daily update - oilGood evening and I hope you are well.
tl;dr
oil - 71.54 has a very good chance of being the low of this pullback. Confirmation is only above 74.7. Tough spot right now. I would not be surprised if Globex starts the pump early. Decent chance we see 76 tomorrow and 78 on Friday. Bears would surpris
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
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 OilPair : Crude Oil
Description :
Completed " 1234 " Impulsive Waves
Order Block
Bearish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
Fibonacci Level - 38.20% / 50.00%
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 (Nov 2021) is Oct 20, 2021.
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 (Nov 2021) before Oct 20, 2021.