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Crude Oil Futures (Oct 2019)Crude Oil Futures (Oct 2019)Crude Oil Futures (Oct 2019)

Crude Oil Futures (Oct 2019)

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CLV2019 trade ideas

CRUDE OIL WAS STUCK TIME TO RUN!!!!!Presently, the current market conditions offer a highly favorable risk-to-reward ratio within the range of 81 to 82. This price level represents an extreme, both in terms of short-term and long-term trading perspectives. The last instance where such an opportunity presented itself occurred approximately one year ago. I, as a prudent trader, do not actively engage in crude oil trading but patiently await opportunities of this magnitude.
NYMEX:CL1!Long
by zeyankhan1318
Crude Oil - Correction? Or Change in Trend?The December Crude oil contract has endured a precipitous drop in the past three trading sessions - falling nearly $7 per barrel. Is this just a correction? Are we in the midst of a trend change? The Bullish Case: Crude gapped higher on Monday, October 9th, following the start of the conflict between Hammas and Israel, and the geopolitical risk surrounding the situation served as a bullish catalyst for the crude oil contracts. A primary reason for the rally was anticipated escalation in the conflict, which has yet to materialize - causing the rally to stall. However, the risk of escalation still remains. Third party involvement from other nations or interest groups has the propensity to push crude oil prices even higher than the initial rally following the onset of the conflict. The Bearish Case: The winter months are typically not very kind to crude oil prices. Demand for crude oil wanes as consumers are usually more sedentary during the winter months. The seasonal chart below displays the 5, 10, and 15 year average tendencies for the December Crude Oil contract. Over each of those periods, crude oil prices trended lower from mid-October through November. If escalation does not materialize, it is likely that crude oil will continue to move lower. How Will We Know? In order to keep the uptrend intact, December crude oil will have to defend its recent low around $80/bbl. A turn higher ahead of that point will be a strong indication that crude will buck seasonal tendencies and continue higher. A failure to defend $80/bbl likely indicates that prices will continue to move lower. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CLZ2023
by Blue_Line_Futures
WTI Crude Oil1- We all know that due to aftermath of the terror attack on Israel Crude Oil started going up reaching $90.00. It came back to $83.00 and it seems $83.00 is the market fair price, as of now. 2- However, as Europe and America going to into Winter mood price may go up. We all remember, that Ukraine - Russian war last year, created a lot of problem for European countries. 3- Additionally, Russia and OPEC countries, specifically Saudi Arabia keep reducing their production to control the price and they have been successful. 4- On the other hand, European countries and China economy is slowing down do to inflation control and interest raise, may counter some of these pushes for higher price. 5- Volume shows that there is a big desire to buy at $83.00 and sell in short term and $86.00 and long term sell $89.00. But nevertheless, Considering all of these catalysts, it will most likely the price will go up to hit $100 in a long run.
NYMEX:MCLZ2023Long
by Ha-Lion
Crude oil. Is it time to buy?On the daily chart, the price is in a sideways range. The short vector 5-6 has been played out. Yesterday's candle broke the test level (84.39) of the daily buyer zone on volume. On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place. Since the short vector in the daily range has been played out, it's worth considering long positions to play out the long vector 6-7. Aggressive local purchases can be sought above the level of the daily test at 84.39 if the price exits upwards from the accumulation, stabilizes for an hour above 84.39, and is then protected by the buyer. Systemic local purchases are advisable to look for when the price overcomes the support level of the short trend on the hourly chart (86.3), and then the buyer protects this level. Local sales can be sought from the protection of the seller at 84.39, if during the attack on this level, the buyer cannot absorb the last successful candle of the seller (time: 11-00). Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
NYMEX:CLZ2023
by AlexeyWolf
Oil Prices Likely to Head LowerThe ongoing conflict between the Islamist group Hamas and Israel is a major geopolitical threat to oil markets, second only to Russia's invasion of Ukraine last year. Although the conflict has not yet affected oil flows, an escalation is increasingly likely. First, the U.S. could escalate sanctions against Iran if that country becomes embroiled in the conflict, putting further pressure on an already unstable market. Second, the agreement to normalize relations between Saudi Arabia and Israel-negotiated by Washington and which would allow the Saudi kingdom to increase oil production be called into question. To support oil prices, Saudi Arabia and Russia have announced voluntary supply cuts through the end of 2023. These moves led to prices spiking to their highest in a decade in late September. However, macroeconomic concerns caused prices to fall sharply two weeks ago. Crude Oil InventoriesCrude Oil Inventories There is great concern about Iran as there is a possibility that it will disrupt the flow of oil through the Strait of Hormuz, the important artery that carries the fifth part of the world's supply. It is important to remember that Iran is already under sanctions, and the possibility of tougher U.S. sanctions could have an even greater impact on oil supplies and energy prices. President Biden will try to avoid this situation, especially before the 2024 elections. There has been an attempt to bring Saudi Arabia and Israel closer, with the United States acting as an intermediary. According to reports, the agreement calls for normalization of relations between the kingdom and Israel in exchange for a defensive pact with Washington. In addition, Saudi Arabia has informed the White House of its willingness to increase oil production early next year to help reach this agreement. At the time of writing, WTI crude oil futures reached $87 a barrel on Monday, falling for the second consecutive session as diplomatic efforts to avert a war between Israel and Hamas in the Middle East reduced concerns about oil supply in the region. In addition, humanitarian convoys arrived from neighboring Egypt over the weekend to help Gaza as Israel suspended its attack under U.S. pressure. The United States is doing its utmost to keep oil prices stable, including the lifting of sanctions against OPEC member Venezuela after it pledged to hold democratic elections next year. Based on my observations, I believe the conflict remains limited because of U.S. intervention. Crude Oil ChartCrude Oil Chart They do not want higher oil prices and are currently engaged in issues such as the crisis in Ukraine. However, there is a risk that it could become a wider regional conflict if it is not handled properly. Due to the removal of sanctions on Venezuela and the collapse of oil demand in the United States, oil prices are likely to fall even further. In addition, the increasing availability of oil will contribute to this downward trend. From a technical point of view, the long trend is losing strength, and with the reduction of tensions in the Middle East-which is my most likely scenario-I expect that we will see oil prices around $82 per barrel in the coming quarters.
NYMEX:CL1!Short
by Antonio_Ferlito
$USO high P/L strangle +50% TP with options #oil #usoilI'm trading the pullback of course with neutral strangle. Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures. Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21) Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17) This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall) 37DTE Strangle for 2.23cr Max Profit: $223 Req. BP: $600 PoP: 74% IVR: 49 (very high, optimal for credit strategy) My target is ~$100 on this trade in the next 2 weeks.
NYMEX:MCL1!
by TanukiTrade