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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faylee faylee USOIL, 240, Long ,
USOIL: USOIL**mid-long term Long(a continuation of last strategy)
174 4 14
USOIL, 240 Long
USOIL**mid-long term Long(a continuation of last strategy)

Estimated Entry:$48-48.2 Effected at $48.3 Sl:$46.7 Tp1: $50.8 Tp2:$52.5-55 Tp3:$57-58 This strategy was already effected on May 26, which is a continuation of my last strategy for oil mid-long term long. https://www.tradingview.com/chart/USOIL/l2sMhwL2-Mid-long-term-Long/

Fxprotrader Fxprotrader USOIL, 60, Short ,
USOIL: Crudeoil: Potential Sell Opportunuty
168 0 16
USOIL, 60 Short
Crudeoil: Potential Sell Opportunuty

Price broke below the rising channel it was moving in after finding resistnace at the upper parallel of the descending channel better seen in the 240min chart below. We should now wait for a correction towards the broken trendline and see if we ca identify a sell setup in order to go short with crude oil. 240min ...

CL1!: Despite the crash Oil is still inside a Triangle
63 0 8
CL1!, W
Despite the crash Oil is still inside a Triangle

Despite the "Sell the news" crash we saw last Thursday, Oil is still above support. The 50 weeks MA line, the daily uptrend line and the 200 days MA line provide support to Oil's price Oil was rejected last week by the 51-52$ resistance zone but as mentioned stayed above support. Oil looks fragile. A close below the Triangle will send it lower towards 45$. ...

hos250 hos250 USOIL, D,
USOIL: oil chart in rang
21 0 6
USOIL, D
oil chart in rang

I think the oil price will stay between 44 - 50 usd

drken drken USOIL, D, Long ,
USOIL: What Is Going On With Crude Oil ??
22 1 2
USOIL, D Long
What Is Going On With Crude Oil ??

Not sure what to make of crude at this juncture. It looks like oil is riding towards 58 i.e the channel top with a CCI divergence to support that case. But the risk of breaking lower is still very present. Any idea guys?

investa investa USOIL, D,
USOIL: Crude Oil
34 0 4
USOIL, D
Crude Oil

Summer has almost always been a negative time as a factor to oil prices. Whether it will eventually be bulls or bears domination, here is a chart where I covered both ways market can go next 3 moths.

Carl_G Carl_G USOIL, D, Short ,
USOIL: WTI (USOIL) - Heading lower
372 1 11
USOIL, D Short
WTI (USOIL) - Heading lower

bhsencer bhsencer USOIL, 60, Long ,
USOIL: OIL, long and short
73 1 5
USOIL, 60 Long
OIL, long and short

LONG and SHORT

bgj101 bgj101 PRO USOIL, 240, Short ,
USOIL: USOIL Weekly Outlook 29May-2Jun
116 0 8
USOIL, 240 Short
USOIL Weekly Outlook 29May-2Jun

Oil looks to rise in the short term but will eventually fall again.......expect your CAD pairs to follow suit......lets see what we get....good trading... Chart updates and trade setups will be updated as needed below....so stay tuned....your comments are needed and appreciated.... CATCH THE WAVE......AND RIDE IT..

Smollet Smollet USOIL, 240, Long ,
USOIL: Crude Oil Rally in process. 10$ Profit
79 0 3
USOIL, 240 Long
Crude Oil Rally in process. 10$ Profit

Everything in there

Dreeten Dreeten FI1!, D, Long ,
FI1!: Palm oil on the move
8 0 2
FI1!, D Long
Palm oil on the move

hold Palmoil long is a go: -all primed for a launch, ichi nice and fat, higher low, buy indication.

darth.stocks darth.stocks CL1!, D, Long ,
CL1!: Crude Thoughts: Will they ever learn....?
77 0 5
CL1!, D Long
Crude Thoughts: Will they ever learn....?

Same behaviour a last time: exaggerating in hope, panic correction and than back to reality... Correction is even in the same range. Since we start from higher prices, we should suppose to get a higher High.

Wave-Trader Wave-Trader TOP UKOIL, 240, Short ,
UKOIL: UKOIL Watch TCP before selling
1749 6 60
UKOIL, 240 Short
UKOIL Watch TCP before selling

Hi fellows. It seems to me that we have completed the bullish wave. If you are still holding long from bottom then look for exit once price start to form TCP. Watch for TCP before selling the oil so that you can get the good risk reward ratio. Follow me on lower time frame for TCP formations. Good Luck.

smitheric1970 smitheric1970 PRO CLN2017, D, Long ,
CLN2017: Oil Long - Post OPEC Groin Kick
261 2 13
CLN2017, D Long
Oil Long - Post OPEC Groin Kick

In a previous chart 'OIl Rangebound - 45.62-50.37' I targeted a 50.4 upside and assumed that prices may stay ranged in that overall zone; but prices broke above; so my next 'Kitchen Sink' chart looked at 50.4 as a buy level; but prices broke hard back down below. So... I do not think that the upside was a false upthrust, I believe that prices are pivoting the ...

Antzo Antzo CL1!, D, Long ,
CL1!: Summer, Summer, Summertime
55 1 4
CL1!, D Long
Summer, Summer, Summertime

In the great works of Will Smith and DJ Jazzy Jeff we are entering into Summertime! Memorial Day weekend is the kickoff of the Summer Driving Season and with the OPEC bloodbath behind us we now have had a great entry point for the summer ahead. We should expect huge draws all summer and with Saudi Arabia trimming their oil exports to the US we might be in for a ...

chartwatchers chartwatchers PRO USOIL, 60, Long ,
USOIL: OIL - Moneymakers and Outfreakers
1374 10 41
USOIL, 60 Long
OIL - Moneymakers and Outfreakers

There are 4 types of traders at this market: the OPEC members, the banks, the moneymakers and the outfreakers. The first 2 is already reserved so you can choose from the last two. The OPEC members are always on the right side of the boat. The banks are 80% in the good direction. The moneymakers have 65% . And the freakouters are losing money in 90% of their ...

WattaDOIN WattaDOIN PRO USOIL, W,
USOIL: Oil Weekly
78 0 5
USOIL, W
Oil Weekly

Oil can break this structure going to test the LOW again and create a divergence on the monthly from that we can get a trade back up

ScottCarney ScottCarney PRO USOIL, D, Long ,
USOIL: US OIL Gartley Continuation
340 5 12
USOIL, D Long
US OIL Gartley Continuation

Today's breakdown triggers the CD leg of daily Bullish Gartley @ 44. Due to RSI, this will flush hard and fast. Sell it down to here then trigger off extreme oversold level > 30. Contrary to popular opinion, Oil IS TO BE ACCUMULATED ON PULLBACKS LIKE TIS!

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