Get started
Crude Oil FuturesCrude Oil FuturesCrude Oil Futures

Crude Oil Futures

Overview News
Ideas
Forward curve

CRUDEOILQ2020 trade ideas

Crude Oil WednesdaySo as per previous forecast for Crude we are bearish bias. We have come to the weekly wick ce again and come CME or NY open I am anticipating a retracement that respects the FVG marked in the chart... Sure sometimes price might 'mowhawk' above like sense says. Be patient and wait for price to make a MSB on at least the 5min before using your entry model to target the INTERNAL SSL as your main objective. If price wants to get outlandish then the WEEKLY SSL'S are the next POI.
NYMEX:CL1!Short
by IamThattrader
Crude Futures Break Below The 200-DMATechnical Momentum Weakens Crude Oil futures are declining in 2024 after correcting down to the 200-day moving average at $77.94. The technical perspective shows momentum studies declining into oversold territories, with the 9-day moving average trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average True Range firms to $1.57 daily. API Inventories Decline API Inventory has tightened recently, indicating a tighter supply picture. Recent API inventory data shows a drawdown of 3.1 million barrels. The current EIA inventories are 459 million barrels, compared to the five-year average of 474 million barrels for this period. Cushing stocks in the Mid-West show 35 million barrels in inventory versus a five-year average of 44 million barrels. An Expanding Economic Tailwind The U.S. economy continues to expand in 2024, driven by the high probability of a soft landing, which fuels investor sentiment. Geopolitical tensions have eased recently; however, there is the possibility of a widening Middle Eastern conflict in the future. www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!Short
by Phil_Blue_Line
Monday Crude Oil ForecastWith no news injections today I would stay on the side lines. We have Daily Wick level in conjunction with a 1hr FVG which if Crude Oil is substantially bearish should respect leading upto NY open and CME open. The overall bias for me is still bearish with weekly ssl in the lower half of the charts marked with a magnet. This is the draw and what I will be waiting for / a setup to form. You do have to stay dynamic however as the Daily candle on Friday took BSL inside of a Daily FVG. This is respecting the bias. EQH's where left in its wake so if the 1hr fvg and Daily wick is closed above on the 1hr TF we should start to consider that the market has other short term plans. Stay Dynamic and if your bias doesn't match you can always stay out of the market! Money preservation is very important. GLGT- ;)
NYMEX:CL1!Short
by IamThattrader
Can the HOUSE CAPITALIZE Long above $80.00 Per Barrel...?NYMEX:CL1! "If you train hard, you'll not only be hard, you'll be hard to beat." -Herschel Walker Oil has been struggling to Break above $80.00 Per Barrel roughly this whole month of MAY and this week we could actually see buyers gain strength and get over the hump... However that is a long shot prediction! Now if this actually does come to pass then this is what I'll need to see in order to go LONG... 1) Price is currently trading around a 4Hr Supply Zone. ** I want to see buyers push price up N break the supply zone and continue towards the HTF S&R Zone.... 2) We have a HTF Descending eR/LQ Trendline that I want to Buyers Breakout N push towards $80.00 Per Barrel... I would like to see a retest of the Failed 4Hr Supply Zone and eR/LQ trendline for buyers to gain more strength for pushing towards our target... 3) Now if we can get the sequence of events to take place that I stated above, Then we will wait for the break above $80.00 Per barrel with confirmed candle closures above price and above the S&R Zone... I want to see confirmed candle closures on the 30m TF N Below to establish conviction in the move from buyers to enter LONG.... 4) Now if we can get the Break above $80.00 Per barrel with confirmed candle closures above price and above the S&R Zone then I'll Enter LONG and Target the break of the 4Hr Supply Zone price ($81.10 Per Barrel) 110 pts to be exact in our favor... Ill set my stop just below the S&R Zone EQ Level giving me roughly around a 2.7RR.... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!Long
by TreyHighPwr
A Bottom In Crude Oil?Crude Oil (July) Yesterday’s close: Settled 77.57, down 1.09 WTI Crude Oil futures are showing renewed life this morning, trading nearly 2% from the low through Asia’s open. In fact, commodities broadly were hit sharply during that timeframe. Soft economic data and hawkish Fed speak have been a headwind this week, but less of a draw than expected on yesterday’s weekly EIA inventory report and news that Russia overproduced in April brought additional market pressures. Have we hit peak pessimism? WTI Crude Oil futures tested and responded to a significant area of support overnight, potentially building out the right shoulder of an inverse head and shoulders going back to May 8th. As today’s session unfolds into the final day of the week, we believe continued price action above our Pivot and point of balance at 78.08, the .382 retracement back to the 80.11 high, will help invite fresh buying. Bias: Neutral/Bullish Resistance: 78.33-78.47***, 78.86-79.04***, 79.34**, 80.09-80.11***, 81.28*** Pivot: 78.08 Support: 77.35-77.60***, 76.63-76.82**, 75.70-76.46****, 74.66-74.70** *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CLN2024
by Blue_Line_Futures
Can Crude Oil Futures Breakout?Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting to the 200-day moving average at $77.55. The technical perspective shows momentum studies recovering from oversold territories, while the 9-day moving average is trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average True Range declines to $1.46 daily. API Inventories Rise API Inventory has increased recently, indicating a more relaxed supply picture. Recent API inventory data shows a build of 2.5 million barrels. The current EIA inventories are 457 million barrels, compared to the five-year average of 475 million barrels for this period. Cushing stocks in the Midwest show 35 million barrels in inventory versus a five-year average of 43 million barrels. An Expanding Economic Tailwind The U.S. economy continues to expand in 2024, driven by the high probability of a soft landing, which fuels investor sentiment. Geopolitical tensions have eased recently; however, there is the possibility of a widening Middle Eastern conflict in the future. Traders will remain focused on inflation data, inventory productions, and the direction of economic data. www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!
by Phil_Blue_Line
$80 Headwinds, Any Hope for Crude Oil?Crude Oil (July) Yesterday’s close: Settled 79.30, down 0.28 WTI Crude Oil futures started the week unenthusiastically with a failure at the psychological $80 mark that aligns with a key .382 retracement and fell short of pinging the 50-day moving average. OPEC+ instability was downplayed after the death of the Iranian President on Sunday, while prices have been in a downtrend since peaking on geopolitical tensions through mid-April, and seasonality concerns persist after the Memorial Day holiday. While we still see value against our critical area of support highlighted below, a continued test erodes confidence. Bias: Neutral/Bullish Resistance: 78.59-78.76**, 78.99*, 79.35-79.67**, 80.09-80.11***, 81.28*** Pivot: 78.25 Support: 77.65-77.86***, 77.26**, 75.70-76.36**** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CLM2024
by Blue_Line_Futures
[Commodity] Crude Oil Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX:CRUDEOIL1!Long
by Amit_Ghosh
Crude Oil Weekly Analysis- 20th to 24th May 2024 Over view As per my previous weekly analysis, Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Any small bounce from this level would be great bullish indications for good week ahead. Weekly TF Price has exactly reacted at 0.382 Fibonacci level which is good sign of bullish continuation. Good green candle formation after doji formation & crossed 50 EMA Day TF Trend: Upward range with 3 consecutive support(HL 01, HL 02, HL 03). Now HL04 has been created and rejected at same level by creating double bottom. Inside candle breakout has been found after creating Doji & Bullish hammer. Price has been rejected from crucial key level 0.5 Level rejected in Fibonacci Buy: Entry 01:6691 Entry 02: 6962 Final Target expected: 7235 Direct Gapup/Gapdown entry should be avoided Get confirmation from any of the leading indicators before entering trade Kindy comment below in case of any clarification required on this particular idea. Please follow for more ideas MCX:CRUDEOIL1!
MCX:CRUDEOIL1!Long
by kiranpatilblt114
Crude Futures Break Below The 200-DMATechnical Momentum Weakens Crude Oil futures are declining in 2024 after correcting down to the 200-day moving average at $77.94. The technical perspective shows momentum studies declining into oversold territories, with the 9-day moving average trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average True Range firms to $1.57 daily. API Inventories Decline API Inventory has tightened recently, indicating a tighter supply picture. Recent API inventory data shows a drawdown of 3.1 million barrels. The current EIA inventories are 459 million barrels, compared to the five-year average of 474 million barrels for this period. Cushing stocks in the Mid-West show 35 million barrels in inventory versus a five-year average of 44 million barrels. An Expanding Economic Tailwind The U.S. economy continues to expand in 2024, driven by the high probability of a soft landing, which fuels investor sentiment. Geopolitical tensions have eased recently; however, there is the possibility of a widening Middle Eastern conflict in the future. www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!Short
by Phil_Blue_Line