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Light Crude Oil Futures
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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.
Crude Oil (CL) Analysis, Key-Zones, Setup for Thu (Aug 13)Bias: September WTI settled Wednesday at 83.27, up 7 cents or 0.08 percent, on a session that opened at 83.49, reached 84.35, broke to 82.40 and closed 45 percent of the way up a 1.95 range. Three details matter more than the settle. The range was barely half the 14-day average true range of 3.88,
crude oil momentum update looking recoverymcx crude oil key level or entry level update below--
key level---7080@---looking base here in chart, if sustain below than next down side move ahead7010---6920++++
or if hold above than up side only.
entry level---- can buy cmp 7175@ with sl 7080 for tgt 73-7450+++
breakout zone 7350@ for furt
CRUDE OIL: A 65-97 Box - Trade the Walls, Not the MiddleONE RULE ABOVE EVERYTHING: THE MARKET IS ALWAYS RIGHT
Crude oil is trading around 78. For months the honest description of this market has
not been a trend - it has been a box. Roughly 97 on top, roughly 65 underneath, and
everything in between is negotiation. A box is not a lack of opinion. A box
Oil in a very sensitive technical areaI’m on TradingView for the past 10 years but from now on I want to be serious and better about my published content, I’m a good trader but not a good writer my apologies in advance as English is not my native language.
Crude oil is in a sensitive area, the trend lower seems to have been reversed
Middle East Geopolitics: Trading Roadmap for Micro WTINYMEX: MCL
Core Pricing Framework:
Futures Price = Intrinsic Supply-Demand Value + Market Sentiment + Geopolitical Premium
Based on historical Middle East conflict price patterns, we break down long-only, short-only and spread arbitrage trades for CME Micro WTI (MCL) futures across 3-month and 6-m
Crude Oil: A Potential Reversal Setup Is Taking ShapeAfter a 14.5% drop this week, oil appears to have found a bottom. The decline was largely driven by easing geopolitical tensions, which removed much of the risk premium from crude prices.
From a technical perspective, the price found support at a major demand zone (green box). A demand zone is an
CL Daily Bearish -3,633 TicksCL Daily time frame is in a down trend. The market
is making lower lows and lower highs. There is a
down Fibonacci with an extension price point 42.38
about -3,633 ticks below the market. As long as the
market does not take out the one boundary price
point 110.93 it is expected the market to fall t
Oil (CL) Maintains Short Term Bullish FrameworkThe short‑term Elliott Wave outlook in Oil indicates that the cycle from the July 2, 2026 low remains impulsive and favors further upside. The initial five‑wave rally from that low concluded in wave (A) at $93.50. A corrective pullback in wave (B) is proposed complete at $74.21, as reflected in the
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
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 82.61 USD / BLL — it has fallen −1.21% 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 142.49 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 150.16 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 buy, 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.









