#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
Dxy Gold Oil8.3.23 It looks like the Dxy is heading a little bit lower.... it would have been better to trade the oil Earlier today when it was a two-bar reversal that went up two points... but there may be some more upside to it. The gold has been pressing higher and probably has a little bit more upside to it. These markets aren't that interesting right now and this isn't the easiest price action. You can still make money but you have to be selective with markets like this in my opinion.16:46by ScottBogatin11
WTI Light Sweet Crude Oil, 8/4/23For Friday, the 80.50 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.77 is likely by the end of next week, 62.14 attainable over the next 3-5 months. On the other hand, a weekly settlement today at or above 82.42 (1% above 81.61 – page 2) would set off a meaningful buy signal into later year, 87.27 then expected within 3-5 weeks, 103.33 within 3-5 months (p 2). Downside Friday, 78.97 can contain intraday weakness, while breaking/opening below 78.97 allows 76.77 intraday, able to contain selling into next week and the point to settle below for then indicating 70.40 over the next 2-3 weeks.by SpecialeAnalysis0
learn to trade -continuation of previous this video is a must watch .. for learning trade.. it is a missed part of the previous video.. kindly watch and learn how to trade in crude oil.. this indicator actually produced good signals for trading.. this indicator will be available soon for subscription.. till then i will post how indicator should be used.. this are the trade opportunities in 5 mint.. time frame. in three minute also it has given signals.. thanks for watching// kindly mute while watching.. give a like if u like ..09:31by shiit_tv_teame1
learn to trade in crude oil hello all.. here is a historical trade analysis using own indicators.. today the indicator gave wonderful opportunities.. every body go thru and enjoy the video... indicator will be ready for subscription soon.. till then i will post learning videos... kindly mute while watching to avoid bg-sound thanks for watching.. if u like the video kindly give a like.. or follow me.. 02:39by shiit_tv_teame0
Oil Finding Support After Breakout and Dollar BreakdownBullish continuation should be in order after crude finds support at former resistance line. Furthermore, the breakdown in the dollar should materialize to more bullish momentum for commodities after some consolidation.Longby ChadBangsUpdated 0
CL1!1Y RSI is topping. MFI is trending up. This might have a little more upward movement. 5Y RSI is at 50 at a midway point. Looks bearish. MFI is trending down. ALL RSI is falling. MFI is falling. Prediction: this will fall soon. For my educational purpose, not to be used as financial advice.Shortby Kyo026Updated 880