Crude Oil

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.
Khobi7 Khobi7 USOIL, 240, Short ,
USOIL: USOIL : this kind of natural resource is about to...
77 0 6
USOIL, 240 Short
USOIL : this kind of natural resource is about to...

Yellow: just to measured its past, an estimate, like how high it would reach its Peak* to fall off. Green: Is going short, base on RSI through its Daily and 4hour, both are overbought (red circle), which is about to fall soon. Blue: Represent if it would push any further, as its peak, to go short. To sum up: Both of these green and blue, both will open the door ...

eacemi eacemi USOIL, 240, Long ,
USOIL: CRUDE OIL Approaching the first target
48 0 6
USOIL, 240 Long
CRUDE OIL Approaching the first target

As published 23rd May , CRUDE OIL moved from FIBO retracemend towards 52.00 USD levels. 51.60 was the first resistance and price is above the resistance. 51.90 and 52.30 levels are the targets for CRUDE OIL. Break out of 52.30 will carry the price 53.10. Good Luck 20 hours ago Trade active: CRUDE turned up from first Fibo as predicted. Target levels ...

MVedra MVedra PRO NOKUSD, D, Long ,
NOKUSD: NOKUSD vs Crude Oil - will this divergence compress soon?
13 0 3
NOKUSD, D Long
NOKUSD vs Crude Oil - will this divergence compress soon?

Norwegian Krone is highly correlated to Crude Oil futures (front month), but over the last year it appears to diverge. NOK/USD has continued to slide while Crude stabilised. This could be due to strengthening Dollar, and the low oil prices indicating weaker future economic growth. The blue trend line marks multi-year highs. With prices touching this trend, ...

tomriddle92 tomriddle92 USOIL, 60, Short ,
USOIL: Short Crude Oil Opp.
106 1 3
USOIL, 60 Short
Short Crude Oil Opp.

Short Crude Oil Opp.

Zkalish Zkalish PRO USOIL, W, Short ,
USOIL: Oil At Ascending Support - Watch for Breakdown
416 4 9
USOIL, W Short
Oil At Ascending Support - Watch for Breakdown

Oil is at a steep ascending trend line in a rising wedge. Watch for a breakdown of this level. Supports below include $45.5 with the .236 fib level, $42.00 at the .382 fib, $40.00 because it is a round number, and the 50% retrace at approximately $39.00. Note this is purely technical and the fundamentals of oil do not suggest oil can or will remain below $40 per ...

JoshFX1 JoshFX1 PRO USOIL, D, Long ,
USOIL: WTI Crude Oil looking at 50
299 0 18
USOIL, D Long
WTI Crude Oil looking at 50

On the daily time frame WTI has broken the upper range and is now also breaking the 14 EMA. This along with a Stoch Rsi showing high buying pressure and Adx showing a bullish reversal makes a clear case for buying into oil strenght. Stop loss: 48 Take Profit: If 50 is broken follow the price with a 60 pip stop loss.

klim_ klim_ TOP CL1!, D, Short ,
CL1!: CrudeOil
688 2 35
CL1!, D Short
CrudeOil

We have brokeout the strong channel and now support line became ressistance line. Waiting for continue the trend.

ccerezo11 ccerezo11 USDWTI, D,
USDWTI: 5 WAVE DIAGONAL IN CRUDE OIL - DAILY CHART
779 3 15
USDWTI, D
5 WAVE DIAGONAL IN CRUDE OIL - DAILY CHART

Hey Guys, Simple Idea. Either one more up and then Breakout, or directly breakout from the actual point. - Idea simple. O realiza uno más arriba para caer abajo o rompe directamente desde donde está. Carlos

EXCAVO EXCAVO TOP CL1!, D, Short ,
CL1!: Crude oil
2077 6 70
CL1!, D Short
Crude oil

Standart rising wedge. Broke support line

tomriddle92 tomriddle92 USOIL, 60, Short ,
USOIL: Advanced Crude Oil Sell
123 1 6
USOIL, 60 Short
Advanced Crude Oil Sell

Short between 52-52.25 with a stop at 53 for a target of 50

zader33 zader33 USOIL, 60, Short ,
USOIL: USOIL Idea
284 8 13
USOIL, 60 Short
USOIL Idea

I believe WTI has entered the consolidation zone and is now looking for the correct direction. Experts state that OPEC will continue with production cuts and look to extend them to November but U.S. shale producers and OPEC members not involved in production cuts (Libya, Nigeria, Iran, and Iran due to failing economies) continue to ramp up production. Unless OPEC ...

Carl_G Carl_G USOIL, 240, Short ,
USOIL: USOIL - 4H Supply Zone
101 0 4
USOIL, 240 Short
USOIL - 4H Supply Zone

Good risk to reward ratio on USOIL if prices return to supply level.

TreeDoc TreeDoc PRO USOIL, D, Long ,
USOIL: WTI Crude forecast pre-Trump's arduous O-seas adventures
127 0 6
USOIL, D Long
WTI Crude forecast pre-Trump's arduous O-seas adventures

Whatever the political BS from Trump's ardous travels away from his own bed, great, amazing TV soaps and pet cheese burger (never has a US president suffered as much for so long for his country!) - I'd suggest that both Saudi and USA are on the same page and that will not hold oil back. Also the OPEC meeting next week will still hold surprizes which cannot be ...

themarketzone themarketzone PRO CL1!, D, Short ,
CL1!: Oil reached target zone and now testing strong daily resistance
128 0 7
CL1!, D Short
Oil reached target zone and now testing strong daily resistance

49-50$ was the weekly resistance zone I mentioned in this week's newsletter (subscribe on my website) The focus was on the MA lines (200 and 50) that, for now, hold Oil from advancing higher. Stop loss for bearish swing trades should be at least above 51$ First target zone - 48$

BombayBulls BombayBulls USOIL, D, Short ,
USOIL: Crude Oil (WTI) Is On A Slippery Slope - 5/11/2017
81 2 5
USOIL, D Short
Crude Oil (WTI) Is On A Slippery Slope - 5/11/2017

Crude Oil is sitting right where the resistance is i.e. 48. Now the path from 48 to 50 may not be in a straight line. Based on the price action, we are considering a quick short in this resistance zone if we get a good spike without any reason. Our short interest points have been highlighted with red lines on the chart. Oil has casted a broad range between 40 ...

colibritrader colibritrader USOIL, D, Long ,
USOIL: USOIL Long Setup
150 0 6
USOIL, D Long
USOIL Long Setup

Looking for a price action confirmation around this support level. If we see some rejections, this would be a great long setup.

Spiderweb Spiderweb CL1!, D, Long ,
CL1!: Long Crude Oil @47.90; SL 43.10 & TP 50
77 3 6
CL1!, D Long
Long Crude Oil @47.90; SL 43.10 & TP 50

Long Crude Oil @47.90; SL 43.10 & TP 50

SharkbaitAl SharkbaitAl USOIL, 120, Long ,
USOIL: USOIL: Small Bullish Gartley at the Larger .786 Retracement
131 0 8
USOIL, 120 Long
USOIL: Small Bullish Gartley at the Larger .786 Retracement

A nicely formed Bullish Gartley is forming in the 48.50 range, which is right at the .786 of the bullish run from 47 to 53 this March/April. The B point is .617 which is what I have begun to really look for when identifying a Gartley pattern (based on Scott Carney's rules). I will not be placing a limit order but instead plan to watch price action at the PRZ and ...

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