Get started

Oilfutures

UKOIL/BRENT Chart Shows That OIL Can RallyI am using UKOIL/BRENT chart because there is a direct correlation between this and any other USOIL/WTI chart. What we have are: 1. It has been falling in a wedge pattern and is coiling. Hence a breakout sooner or later is expected. 2. It has reached an FCO zone which is acting as a good support. The price has started to form a possible double bottom this week. 3. We have Trend Line support which price has not been able to break though. This presents a very good medium to longer bullish opportunity on OIL and associated sectors Lets wait and watch and always this is not and advice but just an observation. Risk management is extremely important as always. Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
TVC:UKOIL
by vikinsa
1
Crude Oil – Sell around 58.40, target 56.00-55.00Crude Oil Market Analysis: The daily chart for crude oil continues to show a bearish trend. Sell on rallies. In the Asian session, watch for a short position around 58.40, which acts as minor resistance. A stronger resistance level is around 59.60. The overall trend for crude oil is bearish, with short-term consolidation expected. Recent data releases have had limited impact on crude oil. Fundamental Analysis: The recent rise in gold prices is no longer significantly related to data releases. It's essentially a long-awaited breakout from a high level after a period of consolidation. The previously released bullish data was merely a catalyst, and the upcoming days are filled with European and American holidays. Trading Recommendation: Crude Oil – Sell around 58.40, target 56.00-55.00
NYMEX:CL1!Short
by FlyingTowardsWealth
CL1! — Bullish Above 58 with Target at 62.22Crude oil maintains a constructive bullish structure as long as price holds above the 58.00 key support zone. This level remains the foundation of the current upward bias. The next meaningful obstacle for buyers sits at the 60.69 resistance, which aligns with a major Fibonacci cluster and has shown strong rejection in previous attempts. A clean breakout and sustained close above 60.69 would confirm renewed bullish momentum. Above that resistance, the path opens toward 61.71 followed by the main upside target at 62.22, which represents the completion of the current Fibonacci expansion. As long as price trades above 58, the bullish scenario remains valid. A failure at 60.69 may trigger a temporary pullback, but the broader structure favors continuation toward 62.22 once the level is cleared.
NYMEX:CL1!
by adham2022
CL (Oil Futures) Short Trade Idea 08/17Setup • Type: Rejection of 4H/1H supply → continuation lower. • Zone to arm: 62.90–63.30 (overlapping 30m/1H supply + prior shelf). • Triggers (must have both): • 15-minute bearish confirmation (lower high + close back below ~62.95 from the zone). • 5-minute bearish close in the zone with order-flow tilt (absorption/failure to lift). (No confirmation = no trade.) Entry & Risk • Entry: MOS on the confirming 5m close within 62.90–63.30. • Stop: 63.62 (above 1H supply high/swing). ≈ 0.32–0.72 risk depending on fill. • Size: Calibrate so full-stop loss = ≤ 1R of your plan. Targets (R:R from 63.10 mid-entry, 0.52 stop) • TP1: 61.80 (prior-week low/shelf) → ~2.5R • TP2: 61.10 (1H demand edge) → ~3.8R • TP3: 60.50 (deeper 4H demand) → ~5.0R Management • Scale 1/2 at TP1; trail above last 5m swing after a fresh LL or hold for TP2. • If price tags 63.30–63.50 and closes 15m above 63.50, invalidate the short idea until structure resets. • Avoid fresh risk within ~10–15 min of EIA Wed 10:30 ET; re-arm after the first post-release 15m bar closes.
NYMEX:CL1!Short
by MyAlgoIndex
UPDATE ON THIS MORNING'S TRADEEarly in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal. As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management. On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market. For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened. We'll wait for another trade to take later in the US session. Follow for more!
FX:USOIL
by YassineAnalysis
Crude oil---Buy near 72.00, target 72.90-74.90Oil market analysis: Recently, the daily crude oil line has started to pull up, and buying has begun to rise. The retracement is our opportunity to buy again. The moving average support of the daily crude oil line has begun to move up, and the pattern has reached around 69.60. Today's idea is to buy at 72.00. The pattern is difficult to see, just buy repeatedly. The fight between Iran and Israel is a great support for crude oil. In addition, there is EIA crude oil inventory data today. Fundamental analysis: Previously, we have been paying attention to geopolitical factors in the fundamentals. Indeed, the situation in the Middle East has also changed the way of gold and crude oil. Today we focus on the monetary policy of the Federal Reserve, and Chairman Powell's speech during the US trading time. Operational suggestions: Crude oil---Buy near 72.00, target 72.90-74.90
NYMEX:CL1!Long
by NuggetsWarriors
Oil Prices Up as Trump Delays EU Tariffs (Temporary Relief?) The global oil market, a sensitive barometer of economic health and geopolitical stability, registered a slight uptick in prices following the news that the Trump administration would extend the deadline for imposing new tariffs on a range of European Union goods. This minor rally, however, comes against a backdrop of a broader downtrend that has characterized the oil markets since mid-January. The persistent downward pressure has been largely attributed to the chilling effect of existing and threatened tariffs, not just between the US and the EU, but on a global scale, which have cast a long shadow over the outlook for global energy demand. To understand the significance of this deadline extension and its nuanced impact on oil prices, it's crucial to first appreciate the environment in which it occurred. For several months, the dominant narrative surrounding oil has been one of demand-side anxiety. President Trump's "America First" trade policy, which has seen the imposition of sweeping tariffs on goods from various countries, most notably China, and the persistent threat of more to come against allies like the European Union, has injected a significant dose of uncertainty into the global economic system. Tariffs, at their core, are taxes on imported goods. Their imposition typically leads to a cascade of negative economic consequences. Businesses that rely on imported components face higher input costs, which can either be absorbed, thereby reducing profit margins, or passed on to consumers in the form of higher prices. Higher consumer prices can dampen spending, a key driver of economic growth. Furthermore, the uncertainty created by an unpredictable trade policy environment often leads businesses to postpone investment decisions and hiring, further stagnating economic activity. This economic slowdown, or even the fear of it, directly translates into weaker demand for oil. Manufacturing activity, a significant consumer of energy, tends to decline. Global shipping and freight, which rely heavily on bunker fuel and diesel, slow down as trade volumes shrink. Consumer demand for gasoline and jet fuel can also wane if economic hardship leads to reduced travel and leisure activities. The retaliatory measures often taken by targeted nations – imposing their own tariffs on US goods – only serve to exacerbate this negative feedback loop, creating a tit-for-tat escalation that further erodes business confidence and global trade flows. It is this overarching concern about a tariff-induced global economic slowdown that has been weighing heavily on oil prices since the middle of January. Market participants, from large institutional investors to commodity traders, have been pricing in the potential for significantly reduced oil consumption in the months and years ahead if these trade disputes were to escalate or become entrenched. Every new tariff announcement or threat has typically sent ripples of concern through the market, often pushing oil prices lower. Against this gloomy backdrop, the news of an extension to the tariff deadline on EU goods, while not a resolution, acts as a momentary pause button on further immediate escalation. It offers a temporary reprieve, a brief window where the worst-case scenario of new, damaging tariffs being instantly applied is averted. This is likely why oil prices "edged higher." The market's reaction can be interpreted in several ways. Firstly, it reflects a slight easing of immediate downside risk to the European economy. The EU is a massive economic bloc and a significant consumer of oil. The imposition of new US tariffs on key European goods, such as automobiles or luxury products, would undoubtedly have a detrimental impact on European industries, potentially tipping already fragile economies closer to recession. An extension of the deadline pushes this immediate threat further down the road, offering a sliver of hope that a negotiated solution might yet be found, or at least that the economic pain is deferred. This deferral, however slight, can lead to a marginal upward revision of short-term oil demand expectations from the region. Secondly, the extension can be seen as a signal, however faint, that dialogue and negotiation are still possible. In the fraught world of international trade diplomacy, any indication that parties are willing to continue talking rather than immediately resorting to punitive measures can be interpreted positively by markets. It reduces, fractionally, the "uncertainty premium" that has been built into asset prices, including oil. However, it is crucial to temper any optimism. The fact that oil only "edged higher" rather than surged indicates the market's deep-seated caution. An extension is not a cancellation. The underlying threat of tariffs remains very much on the table. The fundamental disagreements that led to the tariff threats in the first place have not been resolved. Therefore, while the immediate pressure point has been alleviated, the chronic condition of trade uncertainty persists. The oil market is acutely aware that this extension could simply be a tactical move, buying time for political reasons without altering the fundamental trajectory of trade policy. If, at the end of the extended period, no agreement is reached and tariffs are indeed imposed, the negative impact on oil demand expectations would likely resurface with renewed force. The market is therefore likely to adopt a "wait and see" approach, with traders hesitant to make significant bullish bets based solely on a deadline postponement. Furthermore, the US-EU trade dynamic is just one piece of a larger global puzzle. The ongoing trade tensions with China, for instance, continue to be a major drag on global growth projections and, by extension, oil demand. Progress, or lack thereof, on that front often has a more substantial impact on oil prices than developments in the US-EU relationship, given the sheer scale of US-China trade and China's role as the world's largest oil importer. The slight rise in oil prices also needs to be seen in the context of other market-moving factors. Supply-side dynamics, such as OPEC+ production decisions, geopolitical events in major oil-producing regions like the Middle East, and fluctuations in US shale output, constantly interact with demand-side sentiment. A deadline extension on EU tariffs might provide a small boost, but it can be easily overshadowed by a surprise inventory build, an unexpected increase in OPEC production, or signs of weakening economic data from other major economies. In conclusion, the decision by the Trump administration to extend the tariff deadline on EU goods offered a moment of temporary relief to an oil market that has been under duress from trade war anxieties. This relief manifested as a marginal increase in oil prices, reflecting a slight reduction in immediate perceived risk to global economic activity and oil demand, particularly from Europe. However, this should not be mistaken for a fundamental shift in market sentiment or a resolution to the underlying trade disputes. The threat of tariffs remains, and the broader concerns about a global economic slowdown fueled by protectionist policies continue to loom large. The oil market's cautious reaction underscores the prevailing uncertainty, suggesting that while this extension provides a brief breathing space, the path ahead for oil prices will continue to be heavily influenced by the unpredictable currents of international trade policy.
TVC:USOIL
by bryandowningqln