Light Crude Oil Futures NYMEX:​CL1!

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CL1! Commodities Futures Chart

Technical Analysis Summary


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

CFDs on Brent Crude Oil
CFDs on WTI Crude Oil
West Texas Oil
Brent Crude Oil


InvestingScope InvestingScope CL1!, 240, Short ,
CL1!: Rejection on Higher High, buy opportunity lower
92 0 2
CL1!, 240 Short
Rejection on Higher High, buy opportunity lower

As seen on the chart, the price was rejected emphatically on the Higher High of the 1D Channel Up (RSI = 53.179, MACD = 1.090). As a consequence (with the 4H Rising Wedge also broken) the Channel Up will now look for a Higher Low (Highs/Lows = -0.3729) and the potential buy zones are: 69.01 - 69.50 and 67.80 - 68.20. We will enter equal long positions on both ...

harryexe harryexe CL1!, 15, Short ,
CL1!: Watch this trade live! Short below 68.58
69 0 2
CL1!, 15 Short
Watch this trade live! Short below 68.58

aGemTree233 aGemTree233 CL1!, 60, Long ,
CL1!: Small Long CL, mid-day bounce, maybe bigger
41 0 1
CL1!, 60 Long
Small Long CL, mid-day bounce, maybe bigger

CL looks to be at its weakest point of the day, therefore, fuck em. If CL continues down, below 66, sell longs on rips. GL and HF.

FinanceRhino FinanceRhino CL1!, 1W, Short ,
CL1!: Bearish Butterfly
91 0 7
CL1!, 1W Short
Bearish Butterfly

Extremely well measured bearish butterfly with bearish divergence. I strongly believe we could see crude go down to $52

aGemTree233 aGemTree233 CL1!, 1D, Short ,
CL1!: Short CL on small moves up - Double-up as we go higher
38 0 1
CL1!, 1D Short
Short CL on small moves up - Double-up as we go higher

CL is in an early phase of a down move. It might now be within this week, but it is coming very soon. Prepare for war-rumors and middle east crisis bullshit, as these events will likely trigger the top.

Alif12399 Alif12399 CL1!, 60, Short ,
CL1!: Short the Impulsive Wave!
138 1 2
CL1!, 60 Short
Short the Impulsive Wave!

The current price movement could be the BIG B (with subwaves abc in it) of wave 4 or it could be the start of wave 5. Nevertheless, it's impulsive (5 legs). The plot are just for the nearby targets. The targets in the white boxes could be lower/higher. Those are just high probabilities.

harryexe harryexe CL1!, 15, Short ,
CL1!: Watch this trade live! Short below 70.86
62 0 1
CL1!, 15 Short
Watch this trade live! Short below 70.86

DACapitalTrading DACapitalTrading CL1!, 240, Long ,
443 4 29
CL1!, 240 Long

WELCOME TO DACAPITAL TRADING!! USOIL just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Last Candle closed above Previous Week High and took out all Highs forming new one. DAILY Bullish Daily Candle forming after last few days exploding price action with trend continuations. WEEKLY Following Short/Mid and Longterm ...

smitheric1970 smitheric1970 CL1!, 240,
CL1!: Oil - Possible 69-74 Ranging
1458 7 26
CL1!, 240
Oil - Possible 69-74 Ranging

I have been waiting for prices to break up into a 69.37-74.14 range and based on current prices action along with 2014 broken support levels, believe we may see extended sideways action in this range, for several weeks, if prices do indeed break upwards. With the Brent/Crude spread in excess of 4 dollars we are still favoring exports; along with potential Iran ...

purpurato59 purpurato59 CL1!, D, Short ,
CL1!: Exhausted bulls
813 6 18
CL1!, D Short
Exhausted bulls

Too much evidence is accumulating that hints a short in crude. This fib fan has some history and the importance of its angles has been proven. We have now a clear resistance on the 0.618 angle and momentum and volume also peaked. The long term target is on the 0.5 angle with good possibilities of continuing further down. On the 4h time frame there is a head and ...

j_nathan j_nathan CL1!, 1D, Long ,
CL1!: WTI Crude - AB=CD Bull with ranges
692 14 6
CL1!, 1D Long
WTI Crude - AB=CD Bull with ranges

Oil "appears" toppy but is strong trading week of 04/15. After a $3 pullback week of 04/01 WTI saw a significant jump despite inventory numbers proving Bearish week of 04/08. This was accelerated due to obvious fundamental forces. But also, see my prior study below and notice how the technical's were demanding a $67 price point before last weeks Syria drama took ...

nmkvijay nmkvijay CL1!, 60,
104 1 2
CL1!, 60

All information given inside the chart and this is an update for the previous sell LIMIT trade idea from me. I shared this for educational purpose only.

InvestingScope InvestingScope CL1!, 1D, Long ,
CL1!: Rising Wedge on 4H extends higher
112 0 3
CL1!, 1D Long
Rising Wedge on 4H extends higher

The 4H Rising Wedge is near hitting the 72.60 target on balanced RSI, Highs/Lows and B/BP numbers (63.436, 0.5650 and 1.1720 respectively). Although STOCHRSI, Williams and CCI are overbought, the uptrend Channel can extend even higher as the supporting line on the Rising Wedge provides support above 70.90. If broken then the 1D Channel Up will make a pull back to ...

CL1!: WTI Crude OIL Montly Chart
470 1 5
CL1!, 1M
WTI Crude OIL Montly Chart

A possible multi-years trend!

HendricksUncorkded HendricksUncorkded CL1!, 1D,
CL1!: CL-WTI 5 Week Plan
264 0 4
CL1!, 1D
CL-WTI 5 Week Plan

Pure technical plan pending tensions in Middle East do not escalate. Short term H/S creating a medium term I/H/S to make new highs

white6intelligence white6intelligence CL1!, 1W, Short ,
CL1!: WTI: at a critical level
86 0 3
CL1!, 1W Short
WTI: at a critical level

WTI is showing weakening bullishness as the price is making a new high for this year while RSI is not. The rally may not be over yet, so this divergence may be resolved with RSI catch-up, but some resistances in the market need to be overcome. First barrier would be a Fibonacci level. Usually in the corrective wave, the length of ((C)) would be same as that of ...

Alif12399 Alif12399 CL1!, 1D, Short ,
CL1!: Wave 5 About To End (Alternative Wave Count)
158 0 5
CL1!, 1D Short
Wave 5 About To End (Alternative Wave Count)

Thanks to @manish_damani for his comment on my previous post entitled "Monthly Wave Count For Crude Oil" This chart is an alternative wave count for my previous chart:!/NuRO0F46-Wave-3-About-To-End/ There is a solid ground that we are around the top of wave 5 of wave C, instead of wave 3. The reason is...there is an ending ...

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