CL Nov 2023 Week of 18 to 22 Sep 2023CL in a possible continuation mode. Please see video for exact points. Thank you.Long01:25by MacDadddy0
🛢️Crude Oil Is Up $91.23 In Price⬆️📈The oil price affects the global economy wether you like it or not -- also we have this sad reality that most young people do not want to work in the oil and gas industry -- If i had known this a while ago maybe i would have gotten a job at the filling station or gas station -- But one thing for sure is that this industry offers many jobs for young people -- who have left high school and need some pocket money -- Oil is: -Source of Energy -Used in Cars - Used in Industry Manufacturing -- Oil is a powerful commodity thats why it is this weeks highlight -- Disclaimer: This is not financial advice this means do not buy or sell anything recommended -- here do you own research before you trade -- Rocket boost this content to learn moreLongby lubosi2
WTI: Unstoppable 🚀WTI is riding a robust bullish wave, propelling it to its highest levels in 10 months. In our analysis, we anticipate that, to complete the blue wave , it must surpass the resistance at $93.74. Subsequently, a noteworthy descent is in the cards. It’s essential to note that a dip below $73.89, though with a 38% probability in our estimation, signifies a further decline within the green wave alt. .by MarketIntel0
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
Oil (CL) Should Extend Higher in Impulsive StructureShort Term Elliott Wave View in Oil (CL) suggests the rally from 6.12.2023 low is in progress as a 5 waves impulse structure. Up from 6.12.2023 low, wave 1 ended at 84.89 and pullback in wave 2 ended at 77.59. Oil then extends higher again in wave 3. Internal subdivision of wave 3 unfolded as another 5 waves impulse in lesser degree. Up from wave 2, wave ((i)) ended at 80.45 and pullback in wave ((ii)) ended at 78.14. Oil extended higher in wave ((iii)) towards 88.07 and dips in wave ((iv)) ended at 86.71. Expect wave ((v)) to complete soon and this should end wave 3 in higher degree. Oil should then pullback in wave 4 to correct the rally from 8.24.2023 low before it resumes higher again. Internal subdivision of wave 4 should unfold in 3 waves such as zigzag structure ((a))-((b))-((c)). Potential target is 23.6 – 38.2% Fibonacci retracement of wave 3. The area can be measured once wave 3 has ended. Near term, as far as pivot at 77.67 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.Longby Elliottwave-Forecast113
OIL continue with the Uptrend ☝️On OIL is nice to see strong buying reaction from the price 88.1, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... S/R zone from the past + Uptrend + Volume cluster are my mainly reason for this long trade.... Happy trading Daleby Trader_Dale4
CRUDE OIL LONG-TERM1 or 2? Preferably 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 sepehrqanbari224
Oil looks like it's going higher9.14.23 In this video I am expressing some of my frustration with regard to how I handled oil. I don't think there were any major blunders on my part, And my bias was that oil was probably going to go higher, yet my decision would be or take profits out if I'd been long because I knew the market was likely going to contract... but there's no good entry for me to go along when it looks the way it looks today.... and the irony is that I feel Oil is probably a very bullish market. The truth is my conviction became much more resolute when I saw oils move this morning. this will not be the last time this happens to me and I'm sure I will do just fine... but I thought it would be a worthwhile experience to go back and look at some of my charting which I will have to change and generally go pack and look at information that was available through the chart and that I would show you how I adjusted. I can't call a trade to open a position right now, but I'm sure I am sure we can find an entry if we're patient... and not just to go long, but possibly to take a short trade even though I think oil's going to go a lot higher in the near future. marcus like this are frustrating to me but not very frustrating if I'm not taking serious drawdowns. in the end missing an opportunity it's not a loss of capital to me... I can live with a missed opportunity it's no big deal... but I hope I can learn from it. If you actually trade you will have these moments...19:46by ScottBogatin115
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
CL WEEKLYWE ARE ALWAYS BELOW THE LINE OF GRAVITY. The market after it has not succeeded after several attempts to break an important support. Here he seeks to go for a point higher towards the lineby AMEDAT1
crude mcx update blwtake chnce--- buy crude 7265@--40 sl 7160 tgt 7340--7480+ yes looking spot crude abv 87.55 up side till 89=--90$+++ buy on dipsssLongby kailashcfa33Updated 9
crude update blw mcx or spotcrud espot rickeddd now eys on 90$ if sustain abv 90$ thna expect 92--94+++ let see wht happen in nxt 2-3 session where support 85.55$ only blw expect correction ---- mcx crude already gvn 7265 abv buy or again telling if hold abv 7355 u will se 7480++++++++ seller be alert more lvl update soon stay hereby kailashcfa330
gold or crude mcx update blw after buy sell gvndid u see gold melted like ice sold from 58900 low made 58550@ --- crude buy gvn 7265 abv now more if stya abv 7315 ready to zoommmmmm 7480++++++-- in spot alsready gvn soon 90$ near or gold spot 1903 near-- by kailashcfa33Updated 1
My view on CrudeoilCrudeoil giving trendline breakout on 1D chart. Looking tgt 7400-7450-7500 very short term Keeping on radar Crudeoil 7300 CE (Hero/Zero) Or next contract option for holdingLongby M_K_PUSHKAR6
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 sepehrqanbari5
Could the price of oil exceed $90?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Could the price of oil exceed $90? WTI crude futures fell below $87 a barrel on Monday. While there were various factors influencing supply and demand, concerns over the slowdown in China's economy were key when it came to commodities. China is the world's largest oil consumer and still needs to demonstrate that it is changing for the better. The latest unexpected increases in oil futures, and energy commodities in general, have surprised even traders who were expecting a relatively quiet year. These forecasts were disappointed on account of the effects of the decrease in supply by market operators and by the positive seasonal trend in oil and other energy raw materials. What will be the consequences of higher prices in oil and how will they affect consumer prices around the world? There are grounds for a reduction in oil exports by Saudi Arabia and Russia, which have reached an agreement to this effect. However, demand appears to remain strong in both the US and Europe, despite the threat of an economic crisis. If we also consider the potential prospects for stabilization of the Chinese economy, then the price of oil could rise further. While China and its government are at the center of media attention due to the recent economic turmoil, there is still confidence that the Fed can keep rates unchanged to avoid excessively slowing down the American economy. Essentially, economic trends are evolving from a month ago with more volatility in energy commodity markets, as indicated by the Oil Volatility Index (OVX), rising sharply. I believe that at this moment the members of OPEC are cooperating in harmony, all united by the intent to respect the agreements made. Russia has a strong interest in securing a high price to maintain the war economy, and while I am pessimistic about the long term, at the moment we can expect prices to hover around $90, with peaks higher. The need for oil in the global economy makes rising oil prices an important factor. When the price rises, businesses that use oil as an input to produce goods and services see their costs increase. Transport also becomes more expensive, contributing to the increase in prices of consumer goods. The annual CPI is one of the macroeconomic indicators most followed by the FED, and this possible increase could significantly influence monetary policy decisions. Moreover, technical analysis confirms the trend is positive, with prices above the 200-day moving average and trading volumes increasing. Of note is the recent entry into an overbought zone, where there could be a temporary drop in prices in the short term. According to my projection, the price of crude oil will reach $90 per barrel within the next few quarters. Longby Antonio_Ferlito1
Light Crude OilOil Price Movements and Inflationary Effects Those who have been following our series on the oil industry and its role in inflation expect these numbers to continue their upward trend before the final downward correction rears its head. This correction will inevitably impact subsequent inflation numbers.Longby ChartScope1
crude oil CL Week aheadWe are in a wedge pattern, so we need to wait til the price break one of the edges.by marciokanjyka0
weekly insightOil Breaking To The Upside: This idea argues that oil is breaking to the upside from previous highs and that long positions are attractive due to positive swap and tight supply. It also sets a target of $90 per barrel, Weekly analysis: This idea is bullish on US oil and expects a pullback to $84 area before a rally towards $92-$93 rangeby volumematter1
CrudeoilCrudeoil Chart Analysis........08/09/23 Long : above 7325 lvl. Sl : 7100 (jisko deep sl lena hai woh 7000 lvl. par rakh sakta hai.) Target : 7875 / 8000 Enjoy !Longby VirendraPandey339
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 #XTIUSD Trading The 5th Wave ExtensionIn this update we review the recent price action in the Crude oil futures contract and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:06by Tickmill7
How to tell which way inflation is going?In this video, we are studying the time lag between commodities, inflation data, and central bank decisions. 3 types of crude oil for trading: • Crude Oil Futures 0.01 per barrel = $10.00 Code: CL • E-mini Crude Oil Futures 0.025 per barrel = $12.50 Code QM • Micro WTI Crude Oil 0.01 per barrel = $1.00 Code MCL Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Editors' picks07:41by konhow2323278