CLU2016 Commodities Futures Chart

LIGHT CRUDE OIL FUTURES

 

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IvanLabrie IvanLabrie PRO CL1!, D, Short ,
CL1!: Oil futures: Drop incoming, any minute now
1180 10 28
CL1!, D Short
Oil futures: Drop incoming, any minute now

I'm monitoring the oil futures to take a daily short position, to complement my monthly short (see related ideas). Today I shorted oil, using a stop loss at June's monthly close. You can enter here right away, and add once the daily signal triggers. I'll update the publication once that happens. There's a time at mode uptrend on chart, and time expires on the ...

psi. psi. PRO CLU2016, W,
CLU2016: Strong reversal weekly candle
17 0 2
CLU2016, W
Strong reversal weekly candle

Lets see how far she can go and what inventories look like this week, resistance at 46. May not break thru could fail and tumble aswell.

copydrbij copydrbij PRO CLU2016, 60, Long ,
CLU2016: AB=CD ending at downtrendline and upper MLH
246 2 6
CLU2016, 60 Long
AB=CD ending at downtrendline and upper MLH

CLU's recent price action hints at prolonged bullishness (which vibes with iea's assessment of a deficit in Q3). However if we look at the structure there is a very real chance of a drop at 45.50 area where AB=CD ends at both the last downtrendline measured from the top of the advance at the beginning of this year and the upper MLH of a mod schiff that has been ...

JohnBaron JohnBaron PRO CLU2016, D,
CLU2016: One possibility
116 0 9
CLU2016, D
One possibility

This is one view - seems to line up with seasonality fundamentals and quarter close. With oil it's always uncertain what may happen with geopolitics and supply disruptions. Holding those aside, which is difficult, a seasonal demand pattern does exist with this commodity. Annual fib pivots are shown. Red lines show highs and lows.

Peterson Peterson PRO CLU2016, D, Short ,
CLU2016: I still think it's going down .
26 0 1
CLU2016, D Short
I still think it's going down .

My chart is getting cluttered . Keeping it simple morphed .

Peterson Peterson PRO CLU2016, 240, Short ,
CLU2016: 4 Hr view of trend lines and support / resistance .
5 0 1
CLU2016, 240 Short
4 Hr view of trend lines and support / resistance .

I see price declining shortly .

Peterson Peterson PRO CLU2016, D, Short ,
CLU2016: Will CL stop in it's tracks and reverse ?
17 0 2
CLU2016, D Short
Will CL stop in it's tracks and reverse ?

Similar structure going back almost a year and up against lower trend line support .

copydrbij copydrbij PRO CLU2016, D, Long ,
CLU2016: fifty may be back on the menu
66 0 2
CLU2016, D Long
fifty may be back on the menu

Recent price action could be the beginning of a bigger move up. Until this tentative fork is invalidated its median -currently at 48.40 - is a high probability target for me.

zhipengcfel zhipengcfel CL1!, D,
CL1!: Support and resistance levels for usoil (2016-07-31)
580 2 14
CL1!, D
Support and resistance levels for usoil (2016-07-31)

USOIL might rebound from here because it is coming to a potential reverse zone and bottom of the potential rising channel. https://www.tradingview.com/chart/CLU2016/UAaiw7uq-Where-will-oil-go-from-the-view-of-harmonic-pattern/ Pay attention to the resistance at 42.58 and 43.24. If they are broken, it will go up to 44.5 which is a very important resistance level ...

zhipengcfel zhipengcfel CL1!, 240, Long ,
CL1!: Elliott wave analysis on usoil (2016-07-30)
621 21 15
CL1!, 240 Long
Elliott wave analysis on usoil (2016-07-30)

Oil started rebounding when it came to the potential reverse zone at Friday. https://www.tradingview.com/chart/CLU2016/UAaiw7uq-Where-will-oil-go-from-the-view-of-harmonic-pattern/ From elliott wave analysis, the correction wave completed likely. https://www.tradingview.com/chart/CL1!/OTl5QC1B-Elliott-wave-analysis-on-usoil-2016-07-23/ Break out of the sharp ...

diurno851 diurno851 CLU2016, D, Long ,
CLU2016: FEW TIME AND GO UP AGAIN
18 0 1
CLU2016, D Long
FEW TIME AND GO UP AGAIN

AT 61,8% RITRACMENT FIBONACCI THERE IS AN IMPORTANT SUPPORT. I THINK THE PRICE CAN RETURN TO GO UP.

nick.holland78 nick.holland78 PRO CLU2016, 60, Long ,
CLU2016: CLU2016
38 1 4
CLU2016, 60 Long
CLU2016

Critical time for crude. Is this an overshoot of the DTL, or something more ominous like what shown in red? Credit to Arkady Yakhnis at elliottwavetrader.net for his assistance in Elliott Wave counts.

zhipengcfel zhipengcfel CLU2016, D,
CLU2016: Where will oil go from the view of harmonic pattern?
276 0 8
CLU2016, D
Where will oil go from the view of harmonic pattern?

Oil rallied from 26.05 to 51.64 for 119 days. Then it topped at June 8th and started the correction until now. https://www.tradingview.com/chart/CLN2016/dAeOIPZ0-Oil-mid-term-top-detected/ https://www.tradingview.com/chart/USOIL/msIVKKCw-Targets-for-USOIL-correction/ Where is the target for this correction? A potential cypher and a bat pattern are forming. Target ...

copydrbij copydrbij PRO CLU2016, 15, Long ,
CLU2016: structure and behavious offers long opportunity here
81 0 3
CLU2016, 15 Long
structure and behavious offers long opportunity here

After the dust from roll over settled and evaluating the new front month contract CLU2016 i got this idea for a long.

WeeklyTrader WeeklyTrader CLU2016, W,
CLU2016: CL September weekly
10 0 0
CLU2016, W
CL September weekly

lol

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