crudeoil probable price movements crudeoil is at key levels.
1. if rejected from the levels may test lower levels
2. if crosses above may touch upper levels
CLG2025 trade ideas
Gold oil9 29 September it occurred to me that I probably should have talked about silver and there were markets that I have posted that are actually doing well and some are not... But since gold was making another new high... I will put out another video later this week.
Oil Playing Twister: Triple Bottom or Quadruple Pretzel?A Triple Bottom Walks Into a Bar…
Crude Oil (CL) has been busy doing something traders love and hate at the same time: building bottoms. First, it carved a neat Triple Bottom on the daily chart — textbook stuff. Everyone lined up at 66.68 waiting for the breakout champagne to pop.
But what did price do? Instead of exploding higher, it slammed on the brakes and took a detour straight back to support. Typical CL — always keeping traders on their toes.
Now we’re staring at the possibility of a Quadruple Bottom. Not a typo. Yes, they exist, but you don’t see them every day. Like spotting a unicorn in Times Square.
Why We Care About 66.68
That level isn’t just random. It’s the line where:
The Triple Bottom neckline lives.
The Supertrend upper band hangs out.
And, conveniently, the breakeven of our options spread sits.
In other words: get above 66.68 and suddenly this setup has wings. Target? Around 70.63, where UFO resistance is waiting to greet us.
The Fun Part: Bull Call Spread
Instead of swinging a giant futures bat and risking unlimited pain, we play it smarter with a Bull Call Spread:
Buy the 65 Call (Nov-17)
Sell the 71 Call (Nov-17)
Pay about 1.75 points (≈ $1,750 per standard spread, ≈ $175 if you go micro).
That’s it. Risk capped, reward mapped. Max loss? $1,750. Max gain? $4,250.
And yes, the breakeven is… drumroll… 66.8. Same line as the chart breakout. Love when math and pictures line up.
Plot Twist: Cheaper Now, But…
Here’s the kicker: because price dipped back into support, the spread might actually be cheaper right now. Sounds good, right?
But there’s a catch. Waiting for the breakout confirmation could make the spread pricier later, shrinking your reward-to-risk. Classic trading dilemma: do you want cheaper tickets with less confirmation, or more expensive tickets after the bouncer checks your ID?
Risk in 3 Sentences
Keep your trade size sane.
Don’t marry the setup if price dumps below the bottoms.
If CL rushes toward 70, take the money and run (or at least roll the short strike higher).
Bottom Line
Crude Oil is still building its base. Maybe it’s a Triple Bottom. Maybe it becomes the rare Quadruple Bottom collectors dream about. Either way, the play is the same: breakout above 66.68, aim for 70.63, and do it with a defined-risk Bull Call Spread that doesn’t keep you up at night.
Sometimes the market is dramatic. That’s why we trade it. 🎭
Want More Depth?
If you’d like to go deeper into the building blocks of trading, check out our From Mystery to Mastery trilogy, three cornerstone articles that complement this one:
🔗 From Mystery to Mastery: Trading Essentials
🔗 From Mystery to Mastery: Futures Explained
🔗 From Mystery to Mastery: Options Explained
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Options Blueprint Series [Basic]: Risk-Defined Bull Spread on CLIntroduction
Crude Oil has been carving out a compelling structure on the daily timeframe. The chart has formed a Triple Bottom pattern, a classic base-building formation that often precedes significant directional moves. As prices approach a critical resistance area, traders are watching closely for confirmation of a breakout.
Options provide a unique way to participate in such setups. Instead of buying futures outright — which exposes the trader to potentially unlimited downside — a Bull Call Spread allows participation with limited and predefined risk. Today, we’ll explore how this strategy can be structured on WTI Crude Oil (CL) Options on Futures to target a move higher while keeping risk controlled.
Market Setup
Chart pattern: Triple Bottom on the daily timeframe.
Entry trigger: Breakout above 66.68, where the top line of the Triple Bottom coincides with the upper band of the Supertrend indicator.
Target: ~70.63, which aligns with both the Triple Bottom projected objective and a relevant UFO (UnFilled Orders) resistance area.
Trend context: A successful breakout here would not only complete the Triple Bottom pattern but also suggest a broader trend reversal on the daily chart.
This confluence of technical signals makes 66.68 a price level worth paying attention to.
The Strategy: Bull Call Spread
A Bull Call Spread involves buying one call option with a lower strike and simultaneously selling another call option with a higher strike, both with the same expiration.
Buy: CL Nov-17 65 Call (cost ≈ 2.77)
Sell: CL Nov-17 71 Call (credit ≈ 1.02)
Net debit (cost): ≈ 1.75 points
Since each CL options contract represents 1,000 barrels of oil, the cost of this spread is about $1,750 per spread (subject to commissions).
Why November 17?
The timing matches the behavior of prior Supertrend cycles. The longest green cycle shown on the chart lasted about 37 trading days. By selecting Nov-17 expiration, the position allows sufficient time for a breakout and follow-through, while not overpaying for excess time value.
Risk/Reward Profile
From the risk graph:
Maximum Profit: ≈ 4.25 points, or $4,250 per spread.
Maximum Loss: ≈ 1.75 points, or $1,750 per spread.
Reward-to-Risk Ratio: ~2.4:1.
Breakeven: ~66.8 (very close to breakout level).
The breakeven location is important: it aligns almost exactly with the breakout trigger on the chart. This means that if the technical pattern validates, the option structure begins to work immediately.
The reward-to-risk ratio above reflects the pricing available at the time of building the spread. If a trader waits for confirmation of the breakout before entering, option premiums may rise, making the Bull Call Spread slightly more expensive. In that case, the risk-to-reward ratio would be somewhat less favorable, though the trade-off is higher confirmation of the technical signal.
Trade Application
Entry trigger: Now, or confirmed breakout above 66.68 depending on trader style.
Target: ~70.63, aligning with the Triple Bottom projection and UFO resistance.
Stop-loss consideration: If prices fall back below the Triple Bottom lows, the breakout thesis would be invalidated.
Here, the options spread itself already caps the maximum loss at $1,750 per spread. Still, traders may choose to exit earlier if the chart setup fails, avoiding full risk.
The defined-risk nature of the spread helps enforce discipline, as the worst-case scenario is known from the outset.
Contract Specs & Margin Considerations
WTI Crude Oil contracts at CME come in two main forms:
Standard CL Contract: Represents 1,000 barrels of crude oil. A single point move = $1,000 P&L impact.
Micro CL Contract (MCL): Represents 100 barrels of crude oil. A single point move = $100 P&L impact.
Both contracts offer powerful ways to trade Crude Oil, and traders also have access to options on the Micro CL contract. This means the same Bull Call Spread structure can be applied with much smaller capital outlay. Instead of ~$1,750 risk per spread with the standard CL options, the risk would be about $175 per spread using MCL options.
The availability of Micro contracts and options provides traders with greater flexibility to tailor exposure to account size and risk tolerance, while still benefiting from the same strategic advantages.
Margin requirements vary depending on the broker and clearing firm, but options spreads like this one are far more capital-efficient compared to holding outright futures. The premium paid becomes the required margin ($1,750 or $175 in this case) as it defines the total risk, without margin calls tied to daily fluctuations.
Risk Management
The hallmark of this Bull Call Spread is defined risk. Unlike a naked long call, where premium decay can erode value quickly, the short 71 Call helps reduce the upfront cost and lowers time decay exposure.
Key considerations:
Position sizing: Limit risk per trade to a fraction of total trading capital.
Time decay management: If the move happens quickly, consider taking profits early instead of holding until expiration.
Adjustment potential: If CL approaches 70 quickly, traders may roll the short call higher to extend potential gains.
Risk management is not just about setting stops; it’s also about designing positions where the worst-case scenario is tolerable before the trade is entered. This Bull Call Spread embodies that principle.
Conclusion
The WTI Crude Oil market is at a pivotal point. With a Triple Bottom base, a breakout above 66.68 could carry prices toward the 70.63 region, where unfilled orders and technical projections converge.
A Bull Call Spread on the Nov-17 expiration offers a structured way to engage with this potential move. It balances opportunity with defined risk, aligning the technical chart setup with the capital efficiency of options on futures.
As always, this is an educational case study designed to highlight how options can be used to structure trades around market scenarios.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CL oil & Inflation are cooling-off towards $55!1). Corrective wave 4 is likely over! 2). MACD is divergent, as price inches up 3). Retail candle is an indecisive spinning top. 4). Overall correction needs a wave 5 south. 5). Volume is dropping. 6). Oil is an Inflation barometer, which is dropping. 7).I've been analyzing charts for over 20 yrs. as my strategies "trend" to be very accurate! A lot of effort goes into this, so please consider a "Boost".
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 ;)
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 ;)
Crudeoil Probable price levelsCrudeoil price tested 5400 -5450 levels many times.
1. if buyers couldnt support the level then the pirce moves down.
2. if buyers defend the position then the price moves up.
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 ;)
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 ;)
CureOil at support levelCrudeoil price depends on global scenario , as we see crudeoil is at Very strong support,
1. if sustains above the support may go up in due course
2. If breaks may push the price to lower levels
Breaking: Crude Oil Trading at Key Levels Ahead of Q4 Upswing Current Price: $65.13
Direction: LONG
Targets:
- T1 = $67.50
- T2 = $70.00
Stop Levels:
- S1 = $63.50
- S2 = $62.00
**Wisdom of Professional Traders:**
This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. Professional traders are currently closely monitoring Crude Oil for potential growth as fundamental drivers align for a bullish outlook. The wisdom of crowds suggests the current pricing and market dynamics could offer compelling upside opportunities for traders and investors alike, particularly as demand is expected to surge in Q4 2025 combined with constrained supply factors.
**Key Insights:**
Crude Oil prices are positioned for growth in Q4 2025, driven by increased demand from upcoming seasonal consumption and recovering global industrial output. Analysts point toward higher oil consumption signals in Europe and Asia, particularly as China ramps up industrial production following stimulus measures earlier this year. Additionally, OPEC+ remains committed to maintaining supply discipline, ensuring that stock draws are consistent across global inventories. Technical indicators, including bullish moving average convergence divergence (MACD) and relative strength index (RSI), currently show momentum shifting in favor of longs as buyers consolidate around $65.
Geopolitical tensions continue to be at the forefront of energy price discussions. Trader sentiment suggests that recent developments in oil-producing regions could amplify supply risks, adding tailwinds for price growth. Combined with refinery demand ahead of winter and constrained inventories, crude oil appears poised for potential upside movement through November.
**Recent Performance:**
Crude Oil prices have experienced consolidation near the $65 level over the past two weeks after climbing from lows of $58 earlier in Q3 2025, driven by increased geopolitical concerns and tighter OPEC+ production quotas. Despite some short-term fluctuations attributed to rate hike fears, the overall trajectory remains stable, setting the stage for significant upside into October. The current price action reflects strong support near $63, making a case for bullish positions at these levels.
**Expert Analysis:**
Seasoned commodity analysts highlight that the $65 level is a critical resistance-turned-support zone, implying that further closing strength above $65.50 could solidify the bullish momentum, with prices likely testing the $70 mark in the coming weeks. Fundamental factors align with technical setups, giving traders the confidence to enter long positions early. Additionally, price targets of $67.50 and $70 appear reasonable based on historical resistance points from Q1 2025. Experts caution traders to closely monitor any shifts in OPEC+ statements for potential supply-side adjustments, as these could influence the price trajectory.
**News Impact:**
Recent headlines surrounding OPEC+ production discipline and tight inventories across the United States have strengthened the bullish case for Crude Oil. The Energy Information Administration (EIA) recently reported inventory draws in line with projections, supporting higher demand assumptions. Meanwhile, cooling global inflation figures have reduced pressure on central banks, which could indirectly favor industrial activity and commodity demand moving into Q4 2025. Combined, these developments enhance the backdrop for a sustained oil price rally leading into the end of the year.
**Trading Recommendation:**
Based on current technical and fundamental dynamics, traders are advised to take a LONG position on Crude Oil at or near $65.13, targeting price gains to $67.50 (T1) as the first breakout zone and $70.00 (T2) as a secondary profit level. Stops should be placed at $63.50 (S1) to manage downside risk, with a wider stop zone at $62.00 (S2) to align with volatility conditions. Positive seasonal demand, geopolitical constraints, and strong technical signals make crude oil an attractive opportunity heading into Q4 2025, while disciplined position sizing mitigates any macroeconomic uncertainty.
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Crude Oil Breakdown – Short Trade ViewThis is the 4-hour timeframe chart of Crude Oil.
Crude Oil has broken the LOP support zone around 5700–5720.
The next key support zone is placed around 5480–5490.
The previous LOP zone may now act as a resistance.
If this resistance holds, Crude Oil prices may continue to move lower.
Thank You!!
Crude Oil MCX Future - Intraday Technical Analysis - 29 Sept.MCX:CRUDEOIL1! Crude Oil is trading at 5,829, pulling back after a sharp rally and currently consolidating near neutral support-resistance confluence zones.
Bullish (Long) Setup
Long Entry (5,931):
Go long on breakout above 5,931. This confirms trend continuation beyond local resistance after the recent up-move and offers room for intraday expansion.
Additional long setups can be initiated near 5,824 with a tight stop if price finds support above this add-long position on minor dips.
Upside Targets:
5,843 (Target 1): First supply, locally mapped resistance, ideal for partial profit booking.
5,991 (Target 2): Next marked extension, testing session highs and broader range resistance.
Stop Loss:
Use below 5,805 or 5,790 to capture failed breakouts or pullbacks without excessive drawdown.
Bearish (Short) Setup
Short Entry (5,805):
Initiate shorts below 5,805, confirming breakdown of support that would shift control to sellers.
Downside Targets:
5,735 (Target 1): Historical bounce area and first profit zone for shorts.
5,675 (Target 2): Lower mapped support and logical session extension target.
Stop Loss:
Cover shorts if price returns and sustains above 5,824 to avoid sharp reversals.
Neutral/Range Logic
Neutral Zone (5,833):
Acting as a pivot; trading near this level can be choppy. Await breakout above 5,931 or breakdown below 5,805 for directional clarity.
This approach ensures systematic, risk-managed trading for both trending and reversal trades in MCX Crude Oil intraday.
Follow Chart Pathik for more such insights on Crude Oil MCX Future on day to day basis.
Equities Cooling From All Time HighsEquity Indices are seeing selling pressure into the close today marking the first down day of the week. The selling was led by the Nasdaq which traded down near 0.6% after being the most technically “overbought” of the equity indices on a daily basis. The economic data slate today showed PMI came in slightly worse than expected, and the markets slowly traded lower throughout the session before closing. Traders also heard remarks from Fed Chair Powell where he re-emphasized some of the points from the Fed meeting last week, and also said there is no risk-free path in balancing jobs and inflation.
Outside markets saw strong movements today as well, with the precious metals continuing to move higher, looking at Gold, Silver, and Copper all moving higher and Gold and Silver recording another new all time high price. Energy markets also saw a nice move higher today as Crude Oil and Natural Gas both traded up over 2% on the day. Tomorrow, we will see economic reports on New Home Sales along with Crude Oil Inventories that may add additional volatility into the markets.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Crude Oil MCX Future Intraday Analysis - 24 Sept., 2025MCX:CRUDEOIL1!
Crude Oil is consolidating near 5,658 after a sharp upside move, reacting to mapped levels designed for intraday momentum traders.
Long Trade Logic
Long Entry (5,605):
Enter long above 5,605, as prior resistance now acts as support. Momentum buyers may lift prices further if this level holds on a retest.
Consider adding near 5,580 for pyramiding if price action sustains above this band.
Targets (5,761 / 5,840):
First target (5,761): Anticipate supply at previous swing high where price faced resistance earlier.
Second target (5,840): Upper resistance mapped from previous session’s range extremes, expect potential profit-taking.
Stop Loss Placement:
Keep stops below 5,555 to mitigate risk, as breakdown here signals failed uptrend and may trigger aggressive selling.
Short Trade Logic
Short Entry (5,555):
Go short beneath 5,555, as breach of this level breaks the structure and signals bears regaining control.
Targets (5,503 / 5,424):
Target 1 (5,503): Previous intraday pivot, where covering and bounce attempts may emerge.
Target 2 (5,424): Deeper support—if hit in momentum, expect further liquidation.
Short Exit / Stop:
Exit shorts above 5,634 (Short Exit) to avoid whipsaw. Indicates failed breakdown and recovery by bulls.
Neutral Zone & Structure Logic
Neutral Zone (5,632):
Price trading in 5,632 zone signals indecision; best to avoid new trades unless decisive break above/below occurs.
Structural View:
The recent rally and subsequent pullback to the mapped levels provides a framework for range-based or momentum trades.
Volume confirmation near entry levels is suggested for sustaining positions.
This chart logic ensures discipline, risk management, and clarity for both breakout and reversal-oriented trading approaches on MCX Crude Oil Futures intraday.
Follow Chart Pathik for more such analysis!
Q4 2025 Oil Market Outlook: WTI and Brent Crude Analysis**September 27, 2025**
## **Executive Summary**
As the global energy landscape enters the final quarter of 2025, the oil market remains delicately balanced between oversupply pressures and persistent geopolitical risks. West Texas Intermediate (WTI) and Brent Crude—two of the world’s most closely watched benchmarks—are trading in a narrow range, reflecting cautious sentiment among traders and investors. This report provides a comprehensive analysis of current market dynamics, evaluates key drivers, and offers a professional forecast for Q4 2025.
---
## **Current Market Snapshot**
- **WTI Crude (as of September 26, 2025):** $65.37/bbl
- **Brent Crude:** $69.72/bbl
- **YTD Performance:** WTI down ~14.8% from 2022; Brent down ~12.3%
Both benchmarks have shown resilience in recent weeks, supported by seasonal demand and inventory drawdowns, but face headwinds from rising global supply and economic uncertainty.
---
## **Fundamental Drivers**
### **1. Supply-Side Dynamics**
- **OPEC+ Production Increases:** OPEC+ has announced a phased increase of 547,000 barrels per day starting in September , with further adjustments planned for October. This marks the final unwinding of the 2.2 million bpd voluntary cuts initiated in late 2023.
- **Non-OPEC+ Output Growth:** U.S. production remains robust at 13.4 million bpd, with additional supply from Canada and Guyana contributing to a projected global surplus of 1.5% in Q4 .
### **2. Demand Outlook**
- **Global Demand Growth:** Forecasted to slow to ~1.1 million bpd in 2025, down from 1.8 million bpd in 2024.
- **Seasonal Trends:** Winter heating demand may offer temporary support, but overall consumption is expected to contract by 230,000 bpd in Q4.
### **3. Geopolitical Risks**
- **Russia-Ukraine Conflict:** Continued strikes on Russian energy infrastructure and renewed sanctions have injected volatility into the market.
- **Middle East Tensions:** Drone attacks and Red Sea disruptions have added risk premiums to Brent pricing.
- **U.S. Tariff Policy:** Aggressive energy tariffs and diplomatic pressure on European allies to reduce Russian imports have further complicated trade flows.
---
## **Technical Analysis & Market Sentiment**
### **WTI Crude**
- **Support Levels:** $62.90, $61.50
- **Resistance Levels:** $66.00, $68.00
- **Trend:** Neutral to mildly bearish; RSI hovering near 50.
### **Brent Crude**
- **Support Levels:** $67.00, $65.70
- **Resistance Levels:** $70.30, $72.00
- **Trend:** Consolidating in a symmetrical triangle; breakout potential remains.
---
## **Institutional Forecasts for Q4 2025**
Institution | WTI Forecast (Q4 2025) | Brent Forecast (Q4 2025)
------------------------|------------------------|---------------------------
EIA | $55.41 | $59.00
J.P. Morgan | $57.00 | $63.57
Goldman Sachs | $60.30 | $63.57
Trading Economics | $62.43 | $67.65
Reuters Poll | $64.65 | $68.20
---
## **Q4 2025 Price Forecast & Rating**
### **WTI Crude Oil**
- **Forecast Range:** $58.00 – $64.00
- **Base Case:** $60.00
- **Rating:** **Neutral to Bearish**
- **Key Risks:** Inventory builds, slowing demand, U.S. shale resilience
### **Brent Crude Oil**
- **Forecast Range:** $62.00 – $68.00
- **Base Case:** $65.00
- **Rating:** **Neutral**
- **Key Risks:** Geopolitical shocks, OPEC+ policy shifts, European demand softness
---
## **Strategic Implications for Stakeholders**
- **Investors:** Expect continued volatility; hedge positions via options and futures.
- **Producers:** Prepare for margin compression; focus on cost efficiency and capital discipline.
- **Policymakers:** Monitor inflationary impacts and energy security amid geopolitical tensions.
---
## **Conclusion**
The Q4 2025 oil market is poised for a cautious and potentially volatile close to the year. While geopolitical risks offer short-term support, the structural oversupply and weakening demand fundamentals suggest limited upside for both WTI and Brent. Market participants should brace for a range-bound environment with breakout risks tied to geopolitical developments and OPEC+ policy shifts.
---
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.
Crude oil: Sell around 64.90, target 63.00-61.00Crude Oil Market Analysis:
The rise in crude oil prices has left many investors confused. Shouldn't they be selling crude oil? Why is it so strong again? A look at the 4-hour candlestick chart will show that the current rally is still within a range of fluctuations and hasn't broken out. Furthermore, the range-bound resistance level is approaching again. It's a good time to sell immediately. The overall trend for crude oil is bearish, and short-term volatility recovery is expected.
Fundamental Analysis:
Gold surged and then retreated, while the US dollar rebounded sharply after hitting a bottom. No major market data was released, and the Fed's policy has no sustained impact on the market in the short term.
Trading Recommendations:
Crude oil: Sell around 64.90, target 63.00-61.00
Crude Oil Target LongStrong Buy until Daily Bearish FVG
With news on Russia cuts fuel exports, Crude Oil is expected to continue Bullish during US AM sessions.
Expected a manipulation during london session.
CrudeOil - Long TradeCrudeOil - Long Trade
After this compression, price has break resistence zone and can have a potential final rally
Final 5 wave is on going
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 ;)
