CL1CL1! is testing key support. If wave (4) is complete, a bullish reversal could trigger the start of wave (5) with a target near 125.
#CL1 #CrudeOil #WTI #ElliottWave
Light Crude Oil Futures
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About Light Crude Oil Futures
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.
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Crude Oil Futures Intraday Market Structure Breakdown | LiquiditMarket Overview
In this analysis of Crude Oil Futures, price initially respected a bullish market structure by forming multiple Higher Highs (HH) and Higher Lows (HL), indicating short-term strength in the market.
However, after reaching a premium zone near resistance, the market failed to sustain
Rarely seen diamond reversal pattern The price of oil has been consolidating for a couple months. What's really happening is distribution before a markdown phase. While everyone is following sentiment and buying oil due to the war, smart money is unloading their positions onto dumb money.
Short
Elliott Wave View: WTI Crude (CL) Eyeing Lower Range at $68–$73WTI Light Crude Oil (CL) maintains a bearish sequence that began from the May 19, 2026 high. The decline from that peak produced wave 1 at $86.35, followed by a corrective rally in wave 2. This correction unfolded as a zigzag, with wave ((a)) ending at $94.78, wave ((b)) pulling back to $90.12, and
CL Trade Idea: Buying the Bear Trap Below SupportWatching for a long opportunity on Crude Oil by anticipating a "bear trap." There is significant liquidity resting just below the current support cluster around 88.00. Instead of buying immediately at the visible support, I am positioning my order where other traders have their Stop Losses. This all
Long
Short oil I have been following oil for a bit here and made two fantastic trades that required a lot of patience to wait for the perfect opportunity. I think the next big move is coming soon. Volatility flashed red on BBWP and needs to reset. My guess would be volume falls and price slips downward out of this
Short
CL, How to tradet converging triangle & triple top structureYesterday printed a strong bearish signal bar with a solid body, which creates a reasonable setup for a breakout short below the recent low. Traders can place a sell stop order underneath the signal bar and look for a 2R risk-reward target.
A more conservative approach is to wait for a clear daily
Short
Crude Oil MCX Fut Intraday Technical Analysis - 10 June, 26MCX:CRUDEOIL1!
Crude Oil Futures — Intraday Structure Outlook (15-min | MCX)
(If these levels support your preparation or execution, a quick boost or comment helps maintain structured updates.)
Crude Oil is trading around 8,434, currently hovering just above the Zero Line – 8,421. The commodity
Crude at 96: War Premium Exit or Dip Worth Buying? War Premium Unwinds, But the Strait Is Still Shut
The single biggest driver of crude over the past several months has been the US-Israel war on Iran, which began on February 28, 2026, and effectively closed the Strait of Hormuz to commercial traffic. At its peak in early April, Brent crude surged
CCI system: major indexes, ME, Gold, Bitcoin, Oilsimilar read to last week. Entered a new cautious phase and nothing from last week changes that posture. Couple of weeks of heavy travel may exclude my updating much into mid July.
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Summarizing what the indicators are suggesting.
Neutral
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Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Light Crude Oil Futures is 81.49 USD / BLL — it has fallen −4.89% in the past 24 hours. Watch Light Crude Oil Futures price in more detail on the chart.
The volume of Light Crude Oil Futures is 184.96 K. Track more important stats on the Light Crude Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Light Crude Oil Futures this number is 110.46 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Light Crude Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Light Crude Oil Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Light Crude Oil Futures technicals for a more comprehensive analysis.