My view on CrudeoilCrudeoil Giving trendline breakdown Also H&S pattern there Selling on rise only👆 Looking weak Below 6560 Tgt 6500-6470-6400+ We are keeping on radar Crudeoil 6500 PE Shortby M_K_PUSHKAR1
Support and Resistance For Light Crude Oil Futures, CLStrong resistance for CL is at level 81.91 and currently rejected. As we can see, the intermediate uptrendline also broken. So, right now Light Crude Oil Futures, CL on bearish direction. The support level after rejected strong R 81.91 are at 80.65, 77.70, 75.83, 74.12 and 69.15. Meanwhile current resistance level are at 81.91, 83.67, 85.00, 86.96, 88.52, 89.07 and 90.41. In order to continue the uptrend movement, CL must breakout strong resistance level at 81.91. by ichivergence_hunter2
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.by TheTrade_Academ0
GL1!8.21.23 OIL This video is about oil. There was a buy signal Sunday night. I have spent Weeks getting Interactive brokers set up for bracket orders Generated on their chart.... and finally Decided to paper trade It for glitches in the next week. The problem with today's long trade Is that I'm not comfortable that it's going to make new highs.... it's still would have made a $700 target as a scalp trade. The general pattern Looks like there could be a reversal at this 382 and the market could actually trade lower.18:40by ScottBogatin4
COT confluent with wave analysis COT report is indicator that not calculate by price but it indicate that commercial player trend to buy or sell if you check weekly COT report it clear trend that commercial player is buying significantly confluent with wave analysis that Oil can go further I hope correction phase is end yeah hard to predict wave C might go down for more and hit out SL anywhere I think we have good edge to entry this trade by using 4H chart bulling engulfing to confirm this entry Longby tofinseUpdated 113
Crude Buy head and shoulderBuy crude oil at cmp, target 6802. head and shoulder formation for strong buy retesting will happen at 6802Longby Arunvfx08Updated 1113
MCX Crude Oil- Pullback rally to continueMCX Crude Pulling back to 6800-7000 levels and a bullish stance to continue ahead. Looks strong to breach 9 month highs Longby chandakpulkit0
CL retracement short saleLooking for retracement back up into selling territory for short sale upon completion of short term distribution due to low oil consumption.Shortby scw0008Updated 0
USOIL-net ShortOn August 9th, the price of crude oil reached a resistance level around $84.71. This is a point where many traders might perceive the price as being sufficiently high and anticipate a potential price decrease or correction. If the price approaches or revisits this level in the coming sessions, it's highly likely that selling pressure would emerge around that level.Shortby Indonesia19452
Crude oil buy channel formedBuy Channel formed in crude, so Buy at 6632 Target 1 (6685)and target 2 (6710)Longby Arunvfx08Updated 3
Oil Counteratteck bullish lines The market touched levels of $81 before reversing back down. We see that the market did an evening start at the resistance zone that had a shooting star as the Doji body. We see a strong push to the downside with the market gapping down then filling up the gap to close where the last candlestick had closed before. This is a bullish counterattack line. On the H4 this is the only valid sign that the bulls might be stepping in. There is another bullish signal on the Daily which is a bullish side-by-side pattern that might be forming. The oscillator indicates that the market is still in overbought territory and contradicts other technical aspects. It is possible for the market to head back up for a second retest or to create an official lower high. The two candlestick patterns that appeared are caused by gaps in the market. It is not confirmed that the downtrend is over but It is advisable to have a set of confirmations before taking a trade.by Voice_of_the_Cryptos2
Crude oil : Just some minds Great traders of tradingview community: This is a weekly chart of oil. I think price still have some works in this box. we look carefully if price pass the edge of this box and create a new lower time frames box on the top of it to keep price up , then we can think about buy. Another option for us as buyers is at the bottom of this box as well. This is not a trading idea ,just some thought about oil. For a better view of what is going right now on oil i will put a 4h picture in next update by AliShiraliUpdated 2
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 sepehrqanbari2
Crude Oil Price Falls Towards Monthly Low After RSI Sell SignalThe price of oil carves a series of lower highs and lows after registering a fresh yearly high ($84.89) earlier this month, with the recent weakness in crude sending the Relative Strength Index (RSI) below 70 to generate a textbook sell-signal. Crude Oil Outlook The price of oil appears to be on track to test the monthly low ($78.69) as it falls for the third consecutive day, and crude may struggle to retain the advance from the July low ($70.22) as the RSI falls back from overbought territory to show the bullish momentum abating. A break/close below $78.70 (50% Fibonacci retracement) raises the scope for a move towards the $75.10 (38.2% Fibonacci retracement) to $75.60 (38.2% Fibonacci extension) region, which lines up with the 50-Day SMA ($75.37), with the next area of interest coming in around the $70.00 (50% Fibonacci extension) to $70.70 (23.6% Fibonacci retracement). However, the price of oil may face range bound conditions if it defends the monthly low ($78.69), and failure to break/close below $78.70 (50% Fibonacci retracement) may push crude back towards the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region. by FOREXcom0
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... ;)Shortby sepehrqanbari7
Crude OIl's near term weakness viewed as corrective onlyCrude Oil futures recently struggled to surpass the mid-April high of 83.53. This inability to break through signals a disruption in its short-term upward movement. This suggests a potential correction lower in the near future. Any downward movement is likely to find solid support from the prior downtrend level around 77.70, as well as from the 200-day moving average and pivot point, which are in the vicinity of 77.00. These levels are expected to act as a buffer against a further decline and should spark a rebound. Following this, an upward push is anticipated. There are indications of a base forming in the market over a longer timeframe. A decisive close above 83.53 would mark the completion of this base formation, projecting a longer-term target of over 100. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. Long02:46by The_STA0
CME CRUDE OIL SEP23 (SHORT)My view on CL will be more on bearish bias as the trend is downtrend and the chart are doing lower low. This is a good opportunnity to short.Shortby Khairil_Anuar0
Crude Futures Last StandWeekly VWAP from the covid low, paired with a multi-monthlong bull divergence could provide for a nice pop, or a good spot to cover shorts. Macro focus will determine the moveLongby taylorbrayUpdated 2
September WTI Crude Oil [ CLU2023 ] - Structure for August70% of the September WTI Crude (CLU2023) action has occurred between 80.50 and 83.50 so far for this month (August). A nice $3.00 range. The Value Point of 82.00 represents the price level where the most volume has occurred so far. by WiseguyFutures1
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 sepehrqanbari2
CL1! OIL on watchOil on watch for continued Breakout after bottoming at support. Waiting to see a pullback after hitting resistance, an looking for a higher high on the weekly chart. Daily chart shows higher highs with higher lows, expecting a pullback after hitting Resistance. Some Oil stocks could hit all time highs before year end. Not financial advice!Longby sinturin891
Buy Crude OIL Hello Everyone, I Hope y'all doing well, There IS very good Signal for who wanna go long with Crude oil, there is hight probabilitie that it could hit the 88 point from now,Longby Abdessamadibrouri0
how to get caught in crude oilAPB: Crude Oil Futures Greetings all. If you really want to get caught or you want your account blown up SELL..... Wait for price come down to 82.34.(Alpari Brokker) in Trading view it is 10 cents higher. I don't know which exchange these guys are connected to... 82.34 marks the VAH, where all the lagging indicators give a sell signal, trapping all sellers. Auctioneers eye on this 82.34 wait for the poc to be traded and buy, turning the markets, upwards. Don't listen to what I say, or anyone else for that matter. see for yourself CheersssssssssLongby venusenterprisesblrUpdated 1