My view on CRUDEOILCRUDEOIL FORMING CUP & HANDLE PATTERN ABOVE 6050 LOOKING TGT 6110-6150-6200++ keeping on radar Crudeoil 6000 CELongby M_K_PUSHKAR110
Crudeoil LevelCrudeoil Level Pink Level is Major S/R yellow Level is miner S/R pls find bullish or bearish patterns on level I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss Longby Treemurti_Traders0
WTI Crude oil - last update Our overview: Conflicting API data once again suggests caution. Big draw in crude counter with big build in gasoline and distillates. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 2. Our current strategy: Still moderately Long looking to follow the trend's wave with first target @$74.00. Our current position's risk profile @$71.50: delta +0.20, gamma +0.21 Hedging point: on breakout $71.30Longby DeltaZeroFinance1
Light Crude Oil... BULLISHThis is a longer term view. It may take a couple of weeks to play out. The Breaker Block + FVG pose a strong bullish indication that price may head higher. The BB represents the turning point in the trend, from a bearish to potentially bullish market. Not to mention price is going from an ERL to an IRL, potentially. Longby RT_MoneyUpdated 225
Crude OilPair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " A - wxy " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Symmetrical Triangle as an Corrective Pattern in Short Time Frame wait for the Breakout and Retestby ForexDetective118
WTI Crude oil - last update. Our overview: The selloff of the yesterday's session, redraw the intermediate(green) trend's structure with a deep wave 2. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 1. Our current strategy: The breakout of $72.50 in the yesterday's session trigger the hedging point in our system, then we took profit and resetting our position's delta to moderately long close to the yesterday's session low at $70.55. Our current position's risk profile @$70.70: Delta +0.35, gamma +0.22 Hedging point: on breakout $70.50 Moderately Long looking to follow the trend's wave with first target @$72.50.Longby DeltaZeroFinance0
[Positional] Crude Oil Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======Longby Amit_Ghosh2
Oil Is going down Test come back in a week "we've been slammed" "Thank you for your patienc and supports Kind Regards ! Shortby oskaloosaphUpdated 2
Keep an Eye on Crude Oil $CL_F looks like - to me - there is another leg down in store that will bring it down to the mid to high 50s range My gas tank and wallet would surely love this to pan out lol Plus, we should see some action here this election cycle IMOby ItsJust_Kess2
I review of multiple markets1.8.24 On this video I did a quick review of the dollar, Oil, gold, The Russell, the es which I would not trade right now. This is more about looking at gaps and support resistance areas... for Scalp Trades.19:09by ScottBogatin225
Has Crude Found A Bottom? Crude oil has risen over 2% since the beginning of the 2024 trading year, marking it as an outperformer among risk assets. Recent price action has displayed higher lows, and higher highs are soon to be tested. Recent Economic Data: Recent jobs data displayed larger-than-expected wage growth, as reflected by Average Hourly Earnings. Wages grew at 4.1% YoY, more than estimates of 3.9%. This was coupled with strong job creation in the month of December, as reflected by NonFarm Payrolls, and maximum employment (3.7% unemployment). With a tight labor market and growing wages, it would be safe to say that demand will remain strong in the near term. The most recent Michigan Consumer reports also suggested consumers felt better about the economy and near-term inflation expectations. Technicals: We have observed that crude has begun making higher lows as of late. Dec 13th marked the first low, and Jan 3rd marked the second. On Jan 5th, the market closed within a resistance pocket of 73.50-74.75. We will need to see a break and close above this level, where we can then test the 50-day EMA. A break and close above this level will then lead us to the Dec 26th high, where we will need to break and close above 76.30 to confirm a higher high , and the start of a trend reversal. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_Futures0
WTI Crude oilOur overview: Weak demand balance Middle East tensions bringing to the market a substantial weakness. Resistance @$74.00 showed in the first days of the year to be strong enough to reject the price two times. Our overview in the short period is long with target in area $79/$80. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3, intraday(orange): upward impulsive structure wave 1. Our current strategy: Moderately Long looking to follow the trend's wave with first target @$75.00. Our current position's risk profile @$72.80: delta +0.25, gamma +0.21 Hedging point: on breakout $72.50 RSI "D": Neutral Stochastic "D": Positive RSI "H": Neutral Stochastic "H": Negative RSI "5min": Positive Stochastic "5min": PositiveLongby DeltaZeroFinance1
Oil @ $73Oil is used in the running of machines that contribute to mining, manufacturing and transportation -- Oil has many benefits including: a store of energy, and can be used in vehicles such as cars. -- Also oil can be used in the production of electricity. -- The problem with oil is that if not properly regulated can damage the environment for example an oil spill in the middle of the sea. -- This can damage the sea animals that live in the water. -- Looking at this chart you are seeing that the price is very cheap and the indicators are not showing any sign of a buy signal. -- Could this be a good time to buy oil?? -- lets give this reccomendation about 3 months ,also come back after 7 days and press the play button -- To find out if this reccomendation worked. Disclaimer:This is not financial advice please do your own research before you trade. -- Rocket booost this conternt to learn more.Longby lubosi1
Crude oil finished the week at resistance - Gap up and go? Why not finish off nano 5up to 75.60, then back to 73...Then a rip your face off rally? Distinct possibility that price wants the larger degree wave 3 immediately, in which case price will smash this 21m count to the upside. Gap up and go towards 78.60. Not predicting... by Brad_EWMS0
Crude Going to test Resistance - 1hr chartLevels I'm watching for bullish confirmation 74.60, 76.60 and 78.60. Below $72 would suck for bulls.by Brad_EWMS0
CL 4 hour chart looks like more range bound tradingThe 4 hour charts doesn't offer to many more clues other than a tighter $65/75 range and an upwardly grinding channel I will keep an eye on it and see if it changes materially in the coming weeks. by MarkLangley2
Broad look at CL moves and expected moves for 2024The first impulse higher from the crazy lows back in 2021 to the 129.55 high in 2022 has been correcting, the first impulse lower reached 65.38 and we we now consolidating in a narrow 65/80 range. the current move could extend into $90/95 zone being the 38.2/50.0% retracement before completing its correction in the $45/48 area which marks the target for the correction and the 50% retracement of the -$40/$129 move. by MarkLangley1
WTI Crude Oil: An Emerging Trading RangeThis morning’s jobs report came in stronger than expected, and oil prices rallied. The 216k December NFP gain topped the +175k estimate, though revisions to the two previous months were sharply negative – a trend we saw throughout 2023. Average hourly earnings verified hotter than what economists were forecasting. At +4.1% on a year-on-year basis, workers are now earning about a full percentage point above the current inflation rate. Compared to the 6-month annualized Core PCE rate, you could argue that real wages are positive by 2.2% versus December 2022. Amid a strong labor market and ahead of next week’s CPI report, commodity prices are treading water. WTI hovers in the low $70s, and I assert that a new trading range has developed between $68 and $79. Trend-following traders may be frustrated by this sideways price action, but more stable energy costs could be a boon to the corporate world, right as the Q4 reporting season gets underway a week from today. For now, this $11 WTI range will be one to watch as 2024 progresses. A breakout through it would portend an upside measured move price target to about $90, based on the $11 range height. A bearish breakdown could lead to a dip into the FWB:50S per barrel of WTI. With very high domestic oil and gas production and wavering global demand for oil amid a possible slowdown in GDP growth over the first half of the year, there are certainly some bearish supply/demand factors at play. Still, ongoing tensions in the Middle East have led to a surge in shipping container day rates, and further geopolitical escalations is a bullish catalyst to watch over the coming weeks. For now, I see more trendless action taking place in crude oil. by mikezaccardi1
Crude oilCrude oil Chart Analysis 05/01/2024 Elliott Wave Theory Long : 6035 Sl : 5900 Closing Basis Target : 6340 / 6500 / 6770 Enjoy !Longby VirendraPandey7
The daily chart of Crude Oil seems algorithmically beautiful The last two weeks for NYMEX:CLG2024 were wild. We rallied around +10% due to geopolitical and macroeconomics events and the last three days we saw a retrace around -5%. Now to the technical part of the chart. Oil reacted to the volume imbalance (checkpoint "1") pushing price to go lower . We are currently touching the bullish order-block (checkpoint "2") that should work as a support for the price to make it bounce higher, at least to the volume imbalance (checkpoint "5") or the Buyside liquidity resting to the checkpoint "7". On the other hand, if price does not react to the order-block oil could price lower to the Fair Value Gap (checkpoint "3" )and maybe touch the volume imbalance (checkpoint "4")(*Note that the lower doted line of the checkpoint 4 is also the 50% of the wick of the weekly candle that could also work by itself as a support). If we do not see a displacement higher we should assume that maybe price want to go lower to take the Sell-side Liquidity that is resting bellow the checkpoint "6" before heads for the upside. In my opinion after that pricing ,oil could go to the checkpoint "8" (that is the 50% of the wick of the daily candle) or draw to the the buyside liquidity at checkpoint "9". After all I think oil will price higher but before doing so it has to go to some key points that been stated above. by GeoKyraUpdated 2
Crude Oil Short Strongest moves are taking place around 7am - 11am EST. 15 min trend is lining up with the 1 hour CCI momentum 5 min TrendCloud signals are laterally printing money in for the new 2024 Trade Plan. Shortby thechrisjuliano0
TrendCloud 2024 Trade PlanTrendCloud is a price action mapping system that turns your charts into a highly visual representation of 6 elements. Trend, Momentum, Cycles, support and resistance, and supply and demand across multiple timeframes. Here are 2 shorting oportunities that popped up in the TrendCloud Scanning System this morning. Soybeans and Crude OilShort06:56by thechrisjuliano1
OIL working its way up76 target, trend line bounce. 1st day that NY Algos open the day buying OIL since NOvember 30thLongby TaigosanUpdated 4