CL1! Commodities Futures Chart

Light Crude Oil Futures

 

CL1!

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.

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DLavrov DLavrov USOIL, 60, Long ,
USOIL: WTI Bullish Divergence
200 2 19
USOIL, 60 Long
WTI Bullish Divergence

Price diverges with indicators and it gives us buy opportunity. Open long trades above 49.50 with stop below 49.00 level. Profit target is at MA100.

Wave-Trader Wave-Trader PRO UKOIL, 60, Long ,
UKOIL: UKOIL Watch at bottom for upside
331 1 15
UKOIL, 60 Long
UKOIL Watch at bottom for upside

Hi fellows i am looking for reversal on Oil Watch at the bottom for reversal at the bottom. Although one more move down is very much possible.

x2ManyPips x2ManyPips USOIL, W,
USOIL: Crude Oil
256 3 7
USOIL, W
Crude Oil

Are we heading towards an oil crisis in a decade or so? It's an ugly chart, but you get my idea

Amer_Nurkic Amer_Nurkic USOIL, 60, Long ,
USOIL: Crude oil
122 1 7
USOIL, 60 Long
Crude oil

Today corection, today buy

TipTVFinance TipTVFinance USOIL, M,
USOIL: WTI Oil looks super bearish, watch for a break below $46.85
83 2 4
USOIL, M
WTI Oil looks super bearish, watch for a break below $46.85

oil bulls failed to capitalize on the multiple closes above the rising trend line coming from 1998 low and 2009 low and a bullish break on the daily RSI... Prices are back below the rising trend line support, suggesting a sell-off is in the offing ahead. Also take note of the monthly 50-MA and 200-MA heading towards a bearish crossover. A drop to $46.85 (support ...

pashtun pashtun PRO USOIL, D, Long ,
USOIL: long crude oil stop 49.00 take profit 53.00
37 1 4
USOIL, D Long
long crude oil stop 49.00 take profit 53.00

long crude oil stop 49.00 take profit 53.00

As_Is_Here As_Is_Here USOIL, D, Long ,
USOIL: Riding Crude Oil once again.
102 1 2
USOIL, D Long
Riding Crude Oil once again.

As i successfully mentioned in my previous article on 2017-02-15 Crude Oil is on an ascending channel which is creating a rising triangle with the strong resistance that exists at 54,50$-55$ level. Once again after this previous artivle mentioned Crude Oil rallied until 53,74$ area and then came down to test the 200MA. Technically we can see some signs of fatigue ...

StockToDiscover StockToDiscover USOIL, D, Long ,
USOIL: US OIL
68 0 6
USOIL, D Long
US OIL

Price Target 55

ChrisAbdey ChrisAbdey PRO USDWTI, D, Long ,
USDWTI: Waiting for confirmation to go Long Oil
27 0 6
USDWTI, D Long
Waiting for confirmation to go Long Oil

Oil is hugging the 200 day MA pretty well - The MACD still shows downward movement, however the stochastic is saying to get ready for a change perhaps and the RSI is showing signs of some exhaustion. I'd expect some more sideways movement in the range of 49.30 to 50.10 - but eventually I'm looking to go long again. https://www.tradingview.com/x/FozVSlXi/

JoshFX1 JoshFX1 USOIL, D, Long ,
USOIL: WTI setup to 52-54
92 0 4
USOIL, D Long
WTI setup to 52-54

WTI is very close to the lower range. We might see oil still go a bit lower tomorow a the indicators also havent made a bullish cross-over yet. Entries: Buy a break of 49.60 and target 52+ Buy at CMP if your equity can handle the possible downwards movement thats left. Buy at the range. Stop-loss at 48.20

BudsAllDay BudsAllDay CL1!, 120, Long ,
CL1!: Oil hitting leg start. LONG 48.9x's.
77 1 4
CL1!, 120 Long
Oil hitting leg start. LONG 48.9x's.

Buying crude again. 48.9x's. will add around 48.6 with a stop just below 48.4.

polat30 polat30 CL1!, D,
CL1!: Interesting
40 0 5
CL1!, D
Interesting

I think there will be a Bullish retracement of Crude Oil If the candle closes like a good indecision candle on the trendline and we see a Bullish confirmation candle after that , Than I will enter the trade.

StockToDiscover StockToDiscover UKOIL, D, Long ,
UKOIL: UK OIL
22 0 5
UKOIL, D Long
UK OIL

price target 57

bgj101 bgj101 PRO USOIL, 240, Long ,
USOIL: OIL Weekly Analysis 24-28 April
89 0 3
USOIL, 240 Long
OIL Weekly Analysis 24-28 April

Oil still has room to the bottom but the pattern breaks bullish....wait for a good bounce to enter.....

Bryan_Ali Bryan_Ali CL1!, 60, Long ,
CL1!: Wedge Reversal
48 0 4
CL1!, 60 Long
Wedge Reversal

Should go up once this wedge is broken..

kizly kizly USOIL, D, Long ,
USOIL: Oil - reaching important level
42 0 4
USOIL, D Long
Oil - reaching important level

Around 48.50 it could be good opportuinity for long. I will go with 25 or 50% of the planned position. There is still risk of further fall.

Jan WillemDe Korver Jan WillemDe Korver PRO UKOIL, D, Long ,
UKOIL: Uk oil week 17
40 0 4
UKOIL, D Long
Uk oil week 17

We are getting close to position ourselves for a long in my opinion: -Tom Demark Count is currently at 7 (so close to the famous 9) -The money flow index is very close to oversold area -Close to a price trend line. I believe today will be undecisive at least until API. If API and EIA reports are positive this week then I think we have a good set up for a long. ...

claydoctor claydoctor CL1!, W,
CL1!: CL1! and SPX500 and usdjpy
44 0 3
CL1!, W
CL1! and SPX500 and usdjpy

The last time we had oil and the dollar v yen drop significantly together was August 2008, and then spx500 tanked. Usually oil and the dollar are inverse relationship. This created and relative death cross with spx500 and usdjpy. in December oil did not break out from an IHS, trend up set up,m and now it threatens to fall below long term trend line support, and ...

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