Crude Oil mouvement in 8/29/2023I advice my follower to not expect a significant movement in the crude oil futures market today, 8/29/2023. Crude oil prices are projected to fluctuate between $79.97 and $80.15.by Wizard7310
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;) Longby sepehrqanbari3
#CRUDE OIL FEATURES - BUYCrude Oil now,not Break Monthly & Weekly Supports and Sustaimed this Support.Friday Suddently downfall .This down fall for Retracement and immediatly recover the market and U.S.oil also crossed above 80.00USD . Today open 85 points positively. So,now creude oil strong. Please wait gap up filling after Buy. This is not Recomend and only my view.Please analysis your own idea.Longby kumarpp1987113
Crude oil Range trading in SelltrendCrude oil Downtrend and range trading now, breakouts target given below Sell @6526 Crude oil Target 1 (6502), Target 2 (6435), Target 3 (6357)Shortby Arunvfx08Updated 337
CL Week of 28/08 to 01/09CL in a possible small SHS to possible 3 points down. Let´s follow the week to see. Thank you.Short02:13by MacDadddy0
Short oil Above 38.2% Fib LineCrude oil is trading it highs to low short fib at the 38.2% line. Oil has a history of trading this short fib line in this downtrend. The last time it traded this level, crude dropped from 81.72 level to 77.57, hitting the objective to nearly the penny. Now, we are trading the highs to low 38.2 level. And, once again, we are having issues getting past it. So, let's take a small risk here and see if we can get a trade out of it. I am looking for a 15 minute candle with a wick or two above this 80.37 level. A rapid fall back beneath this level would be the right price action for a big break to the downside, targeting the objective at 75.87. The chart shows the previous Fib draw (left) and subsequent decline to the target objective. On the right, the current fib draw from low to highs, including this 38.2% line. For this trade risk no more than 25 cents on your fill. Based on projected move, this is a 20:1 Reward:Risk level. by CeresTrader117
Oil breakout ?long consolidation breakout ADX14 is more than 30 + trend follow structure setup Longby tofinseUpdated 1
Crude oil: Three waves down keep the bull trend aliveCrude oil came down this week with risk-off flows as USD keeps moving higher ahead of details from Jackson Hole economic event. However, the drop is in three waves for the crude with the current price now approaching the upper side of the corrective channel, where successful breakout with a daily close above $80.50 or higher, can lead to a bullish trend once agian. From an Elliott wave perspective, we will be expecting a fifht wave up then, but possibly we may have to wait on stocks to stabilize as well (SP500 support is at 4300), before bulls may become more confident here and strong. Have a nice weekend everyone. GH Longby ew-forecast7
WTI will continue to declineContrary to the hopes of many bulls, the price of WTI has recently moved downward. In the environment of weak stock markets, it can be assumed that the downward trend will continue in the short term. The short trade presented here offers an acceptable RRR of around 1.5:1. Shortby Ochlokrat110
WTI: repulsion from the top (W, TF)WTI: repulsion from the previous top (see the rectangle). For the bearish targets, let's look at the FIBO levels. High wave broken in the lower shadow. Shortby MicheleCarollo0
Bobby's homework assignment 28.23.23 I am very sorry about this... I was describing A very important pattern as a bear flag. It is not a bear flag It is a bear trap . I'm going to keep the video and upload it because I want you to see the price action and the little things that I look for that I think can be helpful. Oil is a great market and if you're careful you might leave some money on the table or miss a trade, but when the oil Market is moving it won't take long for it to give you another chance. Every now and then when I'm showing how markets move around gaps, I'm wondering if I should do this because this type of analysis Encourages lots of Scalp trades....And if you're not careful.... constant Scalping can get you into trouble. Regarding bear traps... if you don't know what they are or you're not willing to look for him... you never see them. If you know what they are you're better prepared to think like a trader Who may take One position or the other.... but is constantly Identifying where each side of the market is... they try to identify where the buyers are and where the sellers are.... and that's going to help them define their targets.20:00by ScottBogatin116
Oil will increaseThe factors that could increase oil prices in short term The ongoing war in Ukraine. The war has disrupted Russian oil exports and led to higher prices. If the war continues or escalates, it could put further upward pressure on oil prices. The U.S. Federal Reserve's plans to raise interest rates. Higher interest rates could slow economic growth and reduce demand for oil. However, the Fed is also likely to take steps to cool inflation, which could support oil prices. The strength of the global economy. If the global economy grows at a slower pace, it could reduce demand for oil. However, the global economy is still expected to grow in 2023, which could support oil prices. The weather. If the weather is colder than usual in the coming months, it could increase demand for oil for heating. The policies of OPEC+. OPEC+ is a group of oil-producing countries that have been coordinating their output cuts. If OPEC+ decides to increase its output, it could put downward pressure on oil prices. Entry: 78.5-79 TP: 82.83 SL: 77.55Longby neurotrader95446
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;) by sepehrqanbari2
CRUDEOIL SHORTSee in the Chart.. I have given Selling level.. Looking Down till 6350-6050.. Major Resistance now 7150.. Level for Short in Crudeoil Educational PurposeShortby SJ2409Updated 1119
Crude oil Selling sideways breaking downCrude oil selling Target 1 6572, Target 2 6504, Target 3 6342. Side ways breaking and downtrend formation confirmationShortby Arunvfx08Updated 7
My view on CrudeoilCrudeoil Giving trendline breakdown Also H&S pattern there Selling on rise only👆 Looking weak Below 6560 Tgt 6500-6470-6400+ We are keeping on radar Crudeoil 6500 PE Shortby M_K_PUSHKAR1
Support and Resistance For Light Crude Oil Futures, CLStrong resistance for CL is at level 81.91 and currently rejected. As we can see, the intermediate uptrendline also broken. So, right now Light Crude Oil Futures, CL on bearish direction. The support level after rejected strong R 81.91 are at 80.65, 77.70, 75.83, 74.12 and 69.15. Meanwhile current resistance level are at 81.91, 83.67, 85.00, 86.96, 88.52, 89.07 and 90.41. In order to continue the uptrend movement, CL must breakout strong resistance level at 81.91. by ichivergence_hunter2
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.by TheTrade_Academ0
GL1!8.21.23 OIL This video is about oil. There was a buy signal Sunday night. I have spent Weeks getting Interactive brokers set up for bracket orders Generated on their chart.... and finally Decided to paper trade It for glitches in the next week. The problem with today's long trade Is that I'm not comfortable that it's going to make new highs.... it's still would have made a $700 target as a scalp trade. The general pattern Looks like there could be a reversal at this 382 and the market could actually trade lower.18:40by ScottBogatin4
COT confluent with wave analysis COT report is indicator that not calculate by price but it indicate that commercial player trend to buy or sell if you check weekly COT report it clear trend that commercial player is buying significantly confluent with wave analysis that Oil can go further I hope correction phase is end yeah hard to predict wave C might go down for more and hit out SL anywhere I think we have good edge to entry this trade by using 4H chart bulling engulfing to confirm this entry Longby tofinseUpdated 113
Crude Buy head and shoulderBuy crude oil at cmp, target 6802. head and shoulder formation for strong buy retesting will happen at 6802Longby Arunvfx08Updated 1113
MCX Crude Oil- Pullback rally to continueMCX Crude Pulling back to 6800-7000 levels and a bullish stance to continue ahead. Looks strong to breach 9 month highs Longby chandakpulkit0
CL retracement short saleLooking for retracement back up into selling territory for short sale upon completion of short term distribution due to low oil consumption.Shortby scw0008Updated 0