CRUDE OIL FUTURES (AUG 2020)

NYMEX

CLQ2020

Zoen_Trieste

Further to the earlier ideas on the August delivery contract, I would like highlight the fact that it has now become the front contract of the Crude Light futures curve, and that it did so while being traded at plus 100% from its YTD low. When the June delivery contract went into negative, this contract was trading at around $20/bbl. Two months later it is trading...

mouslimbentebbaa

Thank you for sharing with me your thoughts as you can see we can think that the market will go up after the touch of this trendline

MIT2020

Crude Oil has been moving slowly since yesterday. No clear trend jhust now. A clear trend could be expected outside this rectangle

10:39

ScottBogatin

7.1.20 Oil Part 2 Recognizing and analyzing a difficult market.

Zoen_Trieste

The current low is highlighted with the green square that shows potential trade setup projections for the upcoming couple of months before this contract's expiry.

20:00

ScottBogatin

OIL PART 1 Recognizing and analyzing a difficult market.

TradingShot

Pattern: Channel Up on 4H. Signal: Bullish as a bottoming fractal has been formed after the price bounced near the Higher Lows trend-line since May 27 and the RSI bounced near the Lower Low trend-line of its Channel Down. Target: 42.00 (just below the Higher High of the Channel Up). ** Please support this idea with your likes and comments, it is the best way...

19:37

ScottBogatin

6.11.20 OIL

Zoen_Trieste

Oil has been very bullish as of lately; the September delivery contract is up by almost 100% from its YTD low. The hidden bullish divergence implies a significant amount of pullback continuation players in the market. Trying to follow the momentum by buying dips and being alert for signs of bearish reversal is the prudent approach. The risk of a fast bear action...

tdrake2139

Can crdue close above it box resistence? All other signs looks bullish here.

TradingShot

Pattern: Channel Up on 1D. Signal: Bullish. Target: 42.50 (potential contact with the 1D MA200). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous Oil signal:

MIT2020

After a downtrend from the end of day (06.17.2020), Crude Oil starts with an Uptrend with some pullbacks today. From $37.39 to $38.24). There is high probability that the market goes in this trend.

jay_charting

CLQ2020 updated view

14:39

ScottBogatin

Factoring in more than just the numbers when you trade.

InvestingScope

WTI is trading within a Channel Up on the 4H chart (RSI = 56.026, MACD = 0.100, ADX = 22.319) having successfully crossed the 4H MA50. This has been typically a bullish extension sign since May 28th. We are bullish aiming at 41.50 - 42.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.

tdrake2139

Can crude hold its trend?

RJLeo82

1 hour C & H pattern coincides w D leg on measured move for low risk short @ D leg , can enter long on any pullback as price has crossed B point.

magnelibra

August Crude oil faltering below trend line here, bears in control for now. Risk off and a US Covid resurgence will be on the mind of traders this week. You can always read more at Econemotions.substack