Light Crude Oil Futures NYMEX:​CL1!

 
     
 
     
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CL1! Commodities Futures Chart

Technicals

Profile

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.

Related Symbols

UKOIL
CFDs on Brent Crude Oil
 
   
USOIL
CFDs on WTI Crude Oil
 
   
USDWTI
U.S. DOLLAR / WTI CRUDE OIL
 
   
WTICOUSD
West Texas Oil
 
   
USDBRO
U.S. DOLLAR / BRENT CRUDE OIL
 
   
BCOUSD
Brent Crude Oil
 
   

News

krugman25 krugman25 CL1!, 240, Long ,
75 0 3
CL1!, 240 Long
USO / CL - Bullish price action buy signal from key support

**Market Structure** *Market has been making higher highs *Large rejection off of the key support zone of $67 - $66.40 *Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar **Trading Ideas** *Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80) ...

robertsjohn326 robertsjohn326 CL1!, 15, Long ,
33 0 1
CL1!, 15 Long
Crude Oil - Finding middle ground

Price action indicates more uplift in line with geo-politics.

31 0 1
CL1!, 1D
A view on CL

Looks like CL crossed the lower trendline. Slight divergence RSI confirms a stable upwards trend (best seen on the weekly). But both MA coming closer again on the daily, where 50 seems might cross the 200 MA in the coming weeks. Should the drop here continue (even after a short rebound towards the lower trendline and 50 MA, but not crossing them), will we be ...

64 0 1
CL1!, 1D
Cycles on Crude Oil

Crude Oil has been following my cycles pretty well this year. I published a trade idea back in early May, which shown my preliminary cycles. I updated them again and price has been following the new projections very well. On the chart you will see 4 colored boxes which I described as phases (nothing to do with Elliott wave), which clearly shows that the cycles ...

x_style78 x_style78 CL1!, 1M, Short ,
124 0 2
CL1!, 1M Short
CL1! Need some time to hit a massive resistance

If the light crude oil CL1! hit the down trend it is possible to go down 35% of the trend length... this is monthly frame so be patient.

bshafo bshafo CL1!, 1D, Long ,
103 2 5
CL1!, 1D Long
Bullish CL Crude Oil Swing Trade

In January of this year, a clear and well-respected swing zone began to form. The bottom of this zone held very strong support yesterday and today, and broke clean through the top of the zone today. I see a good entry in a potentially very high upside trade. There is a resistance zone from ~$70.80-71.80, so my soft target is right below that zone. However, I am ...

tonystarker tonystarker CL1!, D, Long ,
82 0 3
CL1!, D Long
Long CL1 Comdty

Technicals pointing to CL1 hitting support levels, indicating upward leg ahead for the coming week.

robertsjohn326 robertsjohn326 CL1!, 15, Short ,
72 3 1
CL1!, 15 Short
Crude Oil- Short Setup

Crude oil may go down from this level..

flyinkiwi10 flyinkiwi10 CL1!, 240, Short ,
205 1 10
CL1!, 240 Short
Light Crude short trade update - stay in position

I posted a crude oil set-up as one of my first few posts on tradingview as when in the low-$70s Crude was showing significant bearish RSI divergence and was clearly topping out a primary (or whatever scale) wave 3 up and would be correcting to create wave 4 with an ABC. At that time I didn't post using the Nymex light crude CL1! chart (despite my own analysis ...

137 0 2
CL1!, 45 Short
OIL Elliott Wave Analysis: Extending to the Downside

Hello Traders, Short-term Elliott wave analysis suggests that the bounce to $70.44 high ended blue wave (2). The internals of that bounce took place as Elliott wave double correction where red wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the red wave X in 3 swings. Then a bounce higher to $70.44 high ended red wave Y in ...

flyinkiwi10 flyinkiwi10 CL1!, 240, Short ,
169 0 4
CL1!, 240 Short
Two scenarios for Light Crude Oil

Hello All, I am still of the general impression that this is an ABC correction before another drop. Saying that, I have included a bulish view as well. If the current wedge fails to reach at least as long as the previous one - then the short view is validated. The second wedge could still breakout upwards for a small distance and still fail to meake the 1:1 ...

322 1 9
CL1!, 60 Short
Oil 1 Hour Elliott Wave Analysis: Suggesting More Downside

Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil in the 1 hour chart. The commodity ended its cycle from 8/1/2016 low (39.19) at the peak of 07/03 in red wave III and currently, it is correcting that cycle in 3-7 or 11 swings in red wave IV lower before the rally can resume. Near-term it ended blue wave (W) at 07/12 low (69.23). The ...

109 0 3
CL1!, 240
Crude Oil Looks Lower

The 4HR path of least resistance for crude oil looks lower. We can count impulsive structure in Elliott Wave and wave 4 looks to be forming a potential triangle.

100 0 3
CL1!, 1D
CL ABCD pattern

Off for the week in Roma Mexico City, but couldnt resist a quick chart study. CL has some nice price action which always results in useful targeting for trade exit when bigger moves surface. Cheers and beers!

64 0 3
CL1!, 1W Long
Bounce off 66?

I think this bounces off the bottom of the upward channel. I still think this tests 80 by oct/nov

forker forker CL1!, 480, Long ,
148 8 5
CL1!, 480 Long
CL 8h potential for an upside bounce

After the hard fall down, price is now coming back to balance. The yellow Centerline will be tested. From here a natural turn is highly possible. Additionally there is also a Pivot-Support that helps the CL holding up price. P!

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