Moving average This is how we draw the Exponential Moving Average in the trading view desktop version 01:27by Matecic0
WTI Light Sweet Crude Oil, 8/10/23For Thursday, the 81.49 - 81.66 area can contain selling through the balance of the year, above which 86.28 remains a 2 - 3 week target, 102.96 attainable by the end of the year. In the more immediate vicinity, 84.18 can contain session activity, above which 86.28 is attainable intraday and able to contain weekly buying pressures, once tested the market susceptible to falling back to 81.49 long-term support within 1 - 2 weeks. A daily settlement above 86.28 indicates 92.93 - 93.53 over the following 3 - 5 weeks, where the market can top out on a monthly basis. Downside Thursday, closing below 81.49 indicates a good August high, 77.86 then expected within 3 - 5 days, 70.77 by the end of September.by SpecialeAnalysis0
Crude Oil Rises to Push RSI Towards Overbought TerritoryThe price of oil clears the April high ($83.53) to push the Relative Strength Index (RSI) towards overbought territory. Crude Oil Outlook The price of oil clears the opening range for August to register a fresh yearly high ($84.65), and a move above 70 in the RSI is likely to be accompanied by a further rise in crude like the price action from last month. A break/close above $87.30 (78.6% Fibonacci retracement) may push the price of oil towards the $93.50 (38.2% Fibonacci retracement) region, which largely lines up with the November 2022 high ($93.74), but the RSI may show the bullish momentum if it fails to push above 70. A move below the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region may push the price of oil towards $78.70 (50% Fibonacci retracement), with a breach of the monthly low ($78.69) opening up the $75.10 (38.2% Fibonacci retracement) to $75.60 (38.2% Fibonacci extension) area. by FOREXcom2
Crude Oil losing momentum Crude oil is on its final push coupled with bearish divergences and major resistance zone. The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks. Trade safe!Shortby farmtrader15115
oil looking to retest 83after the short from earlier this morning, I see oil looking to retest 83. needs to close above the head and shoulders bearish breakout. its also currently showing a bullish abcd pattern Longby moneyflow_traderUpdated 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
#CrudeOil #XTIUSD Trading The Bullish SequenceIn this update we review the recent price action in Crude Oil and identify the next high probability trading opportunity and price objectives to target •Past performance not indicative of future results01:42by Tickmill1
Golden Cross WTICrude oil, after breaking through the downtrend line, has gained a very good momentum to nearly $83/barrel. Currently waiting for the cross of ma50 and ma200 daily (Golden cross) to confirm a long-term uptrend of crude oil => Long-term buying opportunity in the near future. Currently, crude oil in the D1 frame is currently at the resistance area of 82 - 83. Yesterday, crude oil had a correction but immediately increased again, however, the increasing momentum on the daily frame is showing signs of weakening when the RSI tending to create lower peaks => Possibly in the next 1-2 weeks Crude oil will have a downward correction. This is an opportunity to buy crude oil products. The first watchable price zone to buy is the 75 - 77 price zone.Longby ngohung910
OIL ($CL_F) Impulse Sequence Supports More UpsideThe short-term Elliott wave view in the OIL futures ($CL_F) suggests that the cycle from the 12 June 2023 low is unfolding in an impulse sequence that supports more upside in the instrument. Up from that low, the wave ((i)) ended at $72.72 high in a lesser degree 5 waves. While wave ((ii)) ended at 67.05 low and wave ((iii)) also unfolded in a lesser degree 5 waves sequence. In which, wave (i) of ((iii)) ended at $77.33 high. Down from there, the pullback to the $73.84 low ended wave (ii) & the instrument rallied higher again. The rally to the $82 high ended wave (iii) & a pullback in wave (iv) ended at $78.69 low. Then a push higher towards $83.30 high ended wave (v) and thus completed the wave ((iii)). From there, OIL did a 3 wave pullback within wave ((iv)) as a zigzag structure where wave (a) ended at $81.52. Wave (b) ended at $82.55 and wave (c) ended at $79.90 low. Near-term, as far as dips remain above the $79.90 low the OIL is expected to resume the upside in wave ((v)) towards $84.09- $85.39 area, which is the inverse 123.6-161.8% target area of wave ((iv)) minimum before a pullback happens.by Elliottwave-Forecast113
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 sepehrqanbari226
WTI Light Sweet Crude Oil, 8/8/23For Tuesday, the 81.49 - 81.71 area can contain selling through the balance of the year, above which 86.54 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Tuesday, 84.17 can contain session strength, while closing above 84.17 indicates 86.54 within several days, able to contain weekly buying pressures and the point to settle above for yielding 92.93 - 93.53 over the following 3 - 5 weeks, where the market can top out on a monthly basis. Downside Tuesday, closing below 81.49 indicates a good August high, and quite possibly through the balance of the year, 75.49 then considered 1 - 2 week target, possibly yielding 62.14 by the end of the year.by SpecialeAnalysis0
$CL Crude Oil FuturesCrude oil futures have been in a parallel uptrend since June 28th. On August 5th, Crude Oil futures tested the double top from April 13th, but were unable to break through. This is a bullish sign, as it suggests that buyers are still in control of the market. Now, we are waiting for a period of bullish consolidation before a breakout to the upside. The next resistance level to watch is the $90 per barrel mark. If crude oil futures can break through this level, it could open the door to further gains. Overall, the outlook for crude oil futures is bullish. The current uptrend is still intact, and buyers are still in control of the market. A breakout to the upside is likely in the near future.Longby AlgoTradeAlert1
CL Week of 07/08 to 11/08CL in a wait mode to clear braket. Please see video for exact points. Thank you.01:49by MacDadddy0
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
OIL Good opportunity SHORT!!!It is very sensitive to news, especially war news, always cautious, but we have a good short opportunity, it is in a resistance zone, it is diverging on RSI, it is in an RSI overbought zone, it has everything for a good short move, let's keep him under surveillance!Shortby binvestorsfutures110
No a good time to purchase oil stocks?Current price of CL1! Light Crude Oil futures show that the price is close the the weekly resistance and the up side is not satisfactory. MACD is weakened despite the short-term up trend. Price increase may be too extended in this case.by yamgordon0
a megaflag pointing to 120 USDWe have encountered two gigantic patterns. Oil will visit both $48 and 120 USD. The question is, which price will it reach first? The expanding wedge allows for the completion of the large flag that takes us to $120 Bull patterns: A mega Flag A Flag And a symmetrical triangle that completely changes the down trend for now Bearish patterns: expanding wedge So, first we will see oil prices reach $120 USD, then the economy will start getting hit by stronger inflation cause by the high energy prices, which will lead us to a demand destruction and finally the prices will go down to $48 USD. NOTE:If the 48 USD wedge occurs first, this will allow the oil price to be released of any pressure to stay in the 100 level. Longby AllAboutMoney1
Trading Idea - #CrudeOil My trading idea for - #CrudeOil - BUY Entry: 82.60 USD Target: 90.00 USD (+8.5% profit) #CrudeOil has risen to $85 per barrel due to #Opec production cuts. Crude oil inventories are expected to decline in the second half of 2023 (source: www.energyintel.com). Means also higher demand and higher prices. In July alone, the price of oil rose by 13% - more than Saudi Arabia's 10% production cut. They have certainly made good profits and want to maintain this trend for as long as possible. I expect it to continue upwards until November. #Brent is currently trading at October contracts. I expect prices to fall as we get closer to January 2024 contracts.Longby Traderherz-Analytics113
WTI Light Sweet Crude Oil, 8/7/23For Monday, the 81.49 - 81.73 area can contain selling through the balance of the year, above which 86.67 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Monday, 84.17 can contain session strength, while closing above 84.17 indicates 86.67 within several days, able to contain weekly buying pressures and the point to settle above for yielding 92.93 - 93.53 over the following 3 - 5 weeks, where the market can top out on a monthly basis. Downside Monday, closing below 81.49 indicates a good August high, and quite possibly through the balance of the year, 75.49 then considered 1 - 2 week target, possibly yielding 62.14 by the end of the year.by SpecialeAnalysis0
Crude Oil: Weekly Shift to BullishCrude oil is pushing higher this week after breaking above trendline resistance last week, and after holding above the 200-week price average this summer. Price is now trending above all MA's on a weekly basis other than the 100ma which rests near $85 and is the short-term resistance level to watch on this push higher. The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. The PPO line is also close to crossing back above the 0 level which would indicate a shift to bullish momentum on an intermediate to long-term basis. The TDI indicator shows the green RSI line crossing above the 60 level which indicates a bullish trend in the short-term. The RSI line is currently above the the upper white Bollinger Band which indicates extreme bullish momentum; generally you want to remain long when the RSI line is trending above the upper BBand. Overall trend and momentum are looking strong on a weekly basis here, 100ma is the resistance level to watch as that has been strong resistance since late 2022. A push above there would likely see price continue to move higher and test the $100 level. Longby PrepForProfit1
learn to trade- crude oil setup- shorta short set up in crude-oil can be seen.. paper trade first then actual trade. let us c..Short02:26by shiit_tv_teameUpdated 0
MCX Crude Oil 15 Min chartTrack this Gann Box overlay on 15 Min Crude Oil chart Gann Box is one such powerful tool that can be used to measure and detect recurring price cycles. The user can set the time and the price range for a cycle that is expected to repeat. In this sense, the Gann Box is like a road map for the market which can be used to look for targets. by LavnyaInvestments5