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Micro WTI Crude Oil Futures

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MCL1! trade ideas

CRUDE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum
NYMEX:MCL1!
by SnowflakeTrader
a daily price action after hour update - oilGood evening and i hope you are well. wti crude oil bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact that bears could not sell below 77 is further confirmation of my bullish thesis which i have been talking about for some weeks now. bear case: Last days Bears tried many times to get below 77 again and today they gave up. They will scalp pullbacks and wait for bulls to show weakness again around 81/82. short term: Bullish. Look for longs at the 15m or 1h 20ema. 1. Target 81, 2. is 82. - Invalid below 78.6 medium-long term: Neutral until clear break above 81 and no drop below 77 but i tend to lean bullish here. I would not engage in long term trades here. Either wait for lower prices or a bull breakout. —unchanged
NYMEX:MCL1!Long
by priceactiontds
Crude Oil Long cycle with high probabilityI see big accumulation on Crude oil with 2 months duration. After such a big price accumulation ranges I expect the price realisation(trend). We have a two variation of the scenario for Crude oil. First Scenario With high probabilty we will see new long trend. The fundamental data also show the long direction on the higher time frames. Production of crude oil is low top 2 of the biggest oil producers is decreasing the oil production, only USA is rising production but it is not enough to make the price fall. Cause is total amount of Crude oil production of top oil producers is still low. Second Scenario If the middle line of big accumulation will be broken then we can see the price fall and failure of most probability Long scenario
NYMEX:CL1!Long
by Smollet