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
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
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 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.
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 Trade IdeaLooking for crude oil to trend higher as supply stays tight and demand remains steady. Targeting a move up to key resistance, with stops below recent support to manage risk
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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 current price of Micro WTI Crude Oil Futures (Jan 2028) is 65.34 USD — it has risen 0.65% in the past 24 hours. Watch Micro WTI Crude Oil Futures (Jan 2028) price in more detail on the chart.
Track more important stats on the Micro WTI Crude Oil Futures (Jan 2028) chart.
The nearest expiration date for Micro WTI Crude Oil Futures (Jan 2028) is Dec 17, 2027.
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 Micro WTI Crude Oil Futures (Jan 2028) before Dec 17, 2027.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Micro WTI Crude Oil Futures (Jan 2028) this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Micro WTI Crude Oil Futures (Jan 2028) shows that traders are closing their positions, which means a weakening trend.