CL1! Commodities Futures Chart

Light Crude Oil Futures

 

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Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

News

faris.makki faris.makki PRO USOIL, 240, Long , 7 hours ago
USOIL: Huge Long Crude Oil Opportunity
196 2 8
USOIL, 240 Long
Huge Long Crude Oil Opportunity

Crude oil is very close to hitting a major trendline and strong support is expected there. Market is in clear consolidation mode as the MacD is stabilizing at centre. Besides this I can be certain that OPEC (as well as some non-opec members) won't allow this to persist for longer because the price is substantially below their objective. And finally the USD has ...

TuanNguyen713 TuanNguyen713 PRO CL1!, 240, Short , 6 hours ago
CL1!: Oil Descending Triangle Idea 03272017
77 1 9
CL1!, 240 Short
Oil Descending Triangle Idea 03272017

Confirmation to execute this idea will be dependent on PA (Price Action) closing below $47.00, which will be out of the PRZ (Price Reversal Zone). It has respected this zone more than once, which highlights how strong this support area has been and how significant it will be if it can close below it. Be mindful of API and EIA weekly inventory data while trading ...

Fxtoronto Fxtoronto PRO USOIL, 240, Long , 10 hours ago
USOIL: crude oil indicating usdcad shorts
137 0 11
USOIL, 240 Long
crude oil indicating usdcad shorts

Hello everyone lots of surprises with the Dollar index, big gaps this week. Nonetheless, here we might have a chance to go long on crude. Price is in a flat ABC correction and it looks like it has started its wave 3 to the upside. This is also indicating shorts on the ucad which i am holding this week

Hoag Hoag PRO CL1!, D, 12 hours ago
CL1!: CrudeOil Elliottwave View: Buy the dip
86 0 11
CL1!, D
CrudeOil Elliottwave View: Buy the dip

Strategy: Buy the dip ------------------------------ CrudeOil is in correction phase and looking for W-X-Y correction on weekly chart where target for Y is above 55. On Short term, we are waiting for good opportunity to go long. After breakout of bullish inner channel, we are on sideline and looking to see support on outer bullish channel.

Lanmar Lanmar PRO USOIL, 60, 19 hours ago
USOIL: Oil: Multi-day trade
102 0 9
USOIL, 60
Oil: Multi-day trade

Consolidation to be continued in range above

FxWirePro FxWirePro PRO USOIL, 60, Short , 13 hours ago
USOIL: US Oil breaks trend line support, targets $46.15
145 0 8
USOIL, 60 Short
US Oil breaks trend line support, targets $46.15

Major support - $47.65 (trend line joining $47.03 and $47.52). US oil breaks trend line support at $47.65 and declined till $47.37. It is currently trading around $47.41. Any close below trend line support confirms minor weakness , a decline till $46.14 likely. Minor bullishness only above $48.20 level. It is good to sell on rallies around $47.45-$47.50 with ...

goodguy goodguy PRO CL1!, 120, 4 hours ago
CL1!: OIL: Watching for a turn up soon.
56 1 4
CL1!, 120
OIL: Watching for a turn up soon.

Just how it looks to me.

wafflehouseinthe212 wafflehouseinthe212 USOIL, 60, Short , 18 hours ago
USOIL: Accidentally published a private idea link provided below
84 0 8
USOIL, 60 Short
Accidentally published a private idea link provided below

Basically Tomorrow is a short play if oil is at 49 in the morning or it will break support at 47.60 and 47.86 and lead the way to 46.80.Im still worried about the one day that looks like oil is about to turn bullish hard so I will not hold a short over night for this week

wafflehouseinthe212 wafflehouseinthe212 USOIL, 60, Long , 18 hours ago
USOIL: Just added bullish trend lines
63 0 6
USOIL, 60 Long
Just added bullish trend lines

It looks that oil could follow bullish trend line if does not fall below 47.86 in Asian session

Tbody Tbody USOIL, D, Long , a day ago
USOIL: Bull
71 0 5
USOIL, D Long
Bull

I think sellers will be caught in a bear trap. Oil is not ind af down trend.

TipTVFinance TipTVFinance PRO UKOIL, D, 6 hours ago
UKOIL: Brent Oil needs to avoid daily close below $50.27
45 0 5
UKOIL, D
Brent Oil needs to avoid daily close below $50.27

The monthly classic pivot support 3 located at $50.27 has been successfully defended over the last four trading days. Despite the fact that the dips below $50.27 were short lived, the subsequent corrective move has failed around $51.00 handle for three trading days including today… that too despite RSI being oversold. The ADX line is rising as well, pointing to ...

KausarRaja KausarRaja CL1!, 240, Short , 6 hours ago
CL1!: CRUDE OIL-SHORT-PENNANT PATTERN
43 0 5
CL1!, 240 Short
CRUDE OIL-SHORT-PENNANT PATTERN

Crude oil is looking bearish for short term as it has formed Pennant pattern in 4 Hourly and Daily chart.

DogaNalci DogaNalci PRO CL1!, D, 6 hours ago
CL1!: CRUDE OIL FUTURES ANALYSIS NYMEX:CL1!
40 0 5
CL1!, D
CRUDE OIL FUTURES ANALYSIS NYMEX:CL1!

This is just a technical analysis. No one has the ability to know the future. I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without ...

DanielAnt DanielAnt USOIL, 60, Long , a day ago
USOIL: USOIL long this week
133 0 10
USOIL, 60 Long
USOIL long this week

Bottom of this area of prices stay at 46.98 any break lower can crash oil deep. Good news is this month is only testing deep, and prices this week will tend to go up, and retest 50+. Not expected break 46.98 at least this month. Longer therm if prices hold above 46.98 this year we can see a retest of 51-52 Next Month. So if we buy and target 49.5-50 we can be 98% ...

mwooddowney mwooddowney PRO WTICOUSD, 240, 6 hours ago
WTICOUSD: Will it hold? Looking for oil bottom..
4 0 5
WTICOUSD, 240
Will it hold? Looking for oil bottom..

OANDA:WTICOUSD Is nearing a bottom. Will the November trend line hold, or will we have to resort to the 26$ low? Time will tell. Looking to go long once daily MACD crosses up. https://www.tradingview.com/x/VvBUUnCW/ https://www.tradingview.com/x/hiGPgUYI/

Gursimersingh Gursimersingh USOIL, D, 6 hours ago
USOIL: View for Coming Days
42 0 4
USOIL, D
View for Coming Days

OIL is in Correction

GoWithTrend GoWithTrend USOIL, D, Short , a day ago
USOIL: Fundamentals say SHORT
96 0 7
USOIL, D Short
Fundamentals say SHORT

There is oversupply of oil coming from new oil rigs in USA so oil there rise in supply. Also the price of keeping oil in tankers raises since there is no space to keep oil. I will go short for couple weeks and see what happens.

TheTradersBias TheTradersBias PRO USOIL, 120, Long , a day ago
USOIL: Oil looking for a bounce
46 0 5
USOIL, 120 Long
Oil looking for a bounce

Oil should get some rebound since the "production cuts" have been extended for another six months. We will see if there is a break above the kumo first.

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