Crude oil---sell near 63.90, target 60.00-58.00Crude oil market analysis:
The recent crude oil has been delivered. The new contract is relatively strong at present. Yesterday's daily line closed with a positive line. In the short-term bottom shock, we are still bearish on crude oil today. We continue to sell. The large pattern suppresses around
Weekly Market Forecast WTI CRUDE OIL: Bearish! Wait For SellsThis forecast is for the week of April 21 - 25th.
Oil has made a classic bearish impulse down, then a corrective retracement. The natural expectation is another impulse down. The fact that price pulled back into a W -FVG allows for this bearish expectation.
Wait for a bearish break of market st
The pivotal technical threshold is $65 for the price of oil The price of US crude oil broke a major technical support in April
The price of oil gave a technical red alert at the beginning of April after breaking a major long-term support, all against a complicated fundamental backdrop: the so-called reciprocal tariff trade war, geopolitical tensions and in
Crude Oil - Bearish longer term biasCrude has recently broken its multi-year support level at $67. A retracement back toward that level is probable to cap any upside. The aligning overhead previous POC, Fib, and bearish descending wedge breakout argues for further continued weakness over the medium term.
The longer term target level
Possible upward pullbackCrude oil is on a bearish trend based on higher timeframes but is currently showing bullish pressure as a potential pullback. The potential upward pullback may try to retest the 70.0 barrier. Breaking further and settling above the 70.0, may see a rise towards resistance barriers between 71.00 and
CrudeOil climax rise or more to blast upsidePrice chart read from 2022 High to recent low. All depiction marked as per #ElliottWave, #Supplu-Demand & #Liquidity concept. Price action of 1-2 week will be clear indication of which way its going to unfold. More Bullish if closing above given level or its going to form a important top.
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Summarizing what the indicators are suggesting.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of E-mini Crude Oil Futures (Aug 2028) is 61.625 USD — it has risen 1.44% in the past 24 hours. Watch E-mini Crude Oil Futures (Aug 2028) price in more detail on the chart.
Track more important stats on the E-mini Crude Oil Futures (Aug 2028) chart.
The nearest expiration date for E-mini Crude Oil Futures (Aug 2028) is Jul 19, 2028.
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 E-mini Crude Oil Futures (Aug 2028) before Jul 19, 2028.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For E-mini Crude Oil Futures (Aug 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 E-mini Crude Oil Futures (Aug 2028) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for E-mini Crude Oil Futures (Aug 2028). Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of E-mini Crude Oil Futures (Aug 2028) technicals for a more comprehensive analysis.