my previous prediction went correct .very happy crudeoil reached my target...thanks for watchingShortby shiit_tv_teame6
cruide oilAt this moment, we need to be careful. There is a threat that the market will decline. by Ali_luci1
cruide oil This morning, petroleum is available for sale. As you can see, the first signal was promising, but it is not the right time to enter a position. However, the second signal is favorable, and finally, we observe a strong signal with a significant volume. Therefore, it is now an opportune time to sell.Shortby Ali_luciUpdated 1
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... ;)by sepehrqanbari2
OIL FUTURES Stock Chart Fibonacci Analysis 070923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 74/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61804
Bottom For oil was May 2023. Oil prices are prepared for strong growth to the upside. NYMEX:CL1! made its bottom in May of 2023. Three reasons for this case to be made. Russia cutting OPEC+ production by 500,000. The original balance from OEPC+ was 450,000 barrels of surplus. No Suprise that they cut it by exactly 500,000. U.S. Now focused on SPR replenishing as opposed to releases. Strong GDP solidifies no recession, and high employment solidifies strength in the consumer. Longby V1EQ1
WTI Light Sweet Crude Oil, 7/10/23A two-sided framework continues through summer between 62.14 long-term support, and 81.97 long-term resistance, both regions able to contain seasonal activity. Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year. Upside, a weekly settlement above 81.97 indicates 94.67 within several months, able to contain annual highs. - For Monday, 72.82 can contain selling into later week, above which the 77.34 formation is likely by the end of next week or sooner, able to contain weekly buying pressures when tested, possibly through the balance of July. A daily settlement above 77.34 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out through the balance of the year and a significant upside continuation point into later year. Downside Monday, closing below 72.82 signals 69.35 within several days, possibly another test of 67.08 by the end of next week, able to contain selling through next week and above which 77.34 is attainable over the next 3 - 5 weeks.by SpecialeAnalysis0
Crude Oil - Bearish On Oil? Saudis Made The US Cover Its Short.I've had a number of successful calls on crude oil, which you can find in my post history. In those calls, I had always been bearish on oil, anticipating a run to a 4-handle. However, I reassessed my prior assumptions when the MMs took out the Low Of The Year in quick order to start May. I haven't been particularly sure in the time that has passed, but between price action and some recent news, I now believe oil is set to reverse. The situation in mainland China with Xi Jinping and the Chinese Communist Party is very tense. The pandemic has taken a huge toll on the country, which the Party is not reporting to the world, and you can tell this if you look at their obviously bogus COVID death and infection stats published on major data aggregators. This matters because since Putin invaded Ukraine last year, there's become something of an alliance between the Saudis, Russia, China, and India, with many oil transactions no longer settling in the U.S. Petrodollar. So you have to be really careful trading right now with the geopolitical situation at hand. Everyone has flipped bullish on equities and is expecting a new parabolic run, but the situation is just as prime for a sharp and dramatic turnaround, which I reference in my recent call on the SPY ETF: SPY - It's Life or Death For Bears When it comes to China, Xi has the looming threat of having inherited Jiang Zemin and the CCP's persecution of Falun Gong, which targeted 100 million people and has even harvested their organs. Xi and the CCP also face the growing trend of the movement to return to China's traditional 5,000 year culture, which is the crown jewel, the magnum opus, of the whole world and all of human history. So the most important country in the world is very unstable, and you aren't hearing anything about what is going on. But the controllers know something is wrong and are scurrying about frantically, thinking about how they can take your stuff on the way down. So, my bearishness on oil has been based on the fact that the Biden Administration has drained the Strategic Petroleum Reserve, significant because although OPEC+ is a huge producer of oil, the US and its vassals, such as Canada, by far produce the most oil in the world. Washington selling the SPR is a short on the market by definition and they unloaded hard in the 90s and 80s, saying they wanted to buy back in the 60s. Yet the two times we've had oil in the 60s, they haven't rebought. I believe they intended to drive the market lower for longer and rebuy then. A few recent pieces of news came out. One is OPEC had a scheduled meeting in Vienna in early June, which they held in person, despite the next major meeting being in July. During that meeting, Reuters, WSJ, and Bloomberg found themselves disinvited, while every other media did not. Moreover, on Friday The Washington Post stated that Saudi King MBS warned the Biden Administration it would inflict economic pain when the US complained about production cuts. The Saudis have teeth because they own Aramco, which is also stationed in the United States, and the Saudis buy arms from the military industrial complex. NATO and the US needs to have the Saudis not wanting to get rid of them if they are to have any chance of deposing Putin and taking Russia for the New World Order. It's been well known that OPEC+, of which the Saudis are the biggest producer by far, want higher prices and need $80-100 to continue to run a national surplus. The second biggest news is a June 9 announcement from the Department of Energy stating the US will replenish 6 million barrels of oil from the SPR. This means Washington is covering its shorts. Now, you'll complain, fairly so, that the Democratic Socialists of America have sold some 280 million barrels of oil from the SPR since Biden was inaugurated in 2021, and you're right. 6 million barrels is certainly a drop compared to what they've sold. However, a look at the EIA website puts the 6 million barrel figure into perspective: since November of '22, only 20 million barrels have been drained. I will repeat myself again: the market maker is covering its shorts and that means it's very immediately dangerous to be short on oil and oil companies. So, this is hard to go long on because the delta between $70 and the $63 low is 10%, and on futures at $1,000 PnL per $1 move per lot, that's a lot of "Ouching" as Abdulaziz has said for early comers. However, generally speaking a bottom is a bottom and that means there won't be a new low. Either way, it's up to you to figure out where to go long and when to go long and if you want to go long. The most immediate target, even in an ultimately bearish continuation scenario, is $85, and more specifically, $95. And you may very well see a 9 handle as early as August or September. The problem with short on oil is on the monthly: COVID hysteria was an ultimate bottom. If -$40 wasn't an ultimate bottom then you call your mom and ask her what an ultimate bottom could be and let us know in the comments. If you've got an ultimate bottom and no real highs were taken, the the market is aiming higher, and not lower. A breakdown of price here means that oil as an industry is not going to recover, but yet green energy is a fallacy and alternative energy sources are nowhere to be found, while worldwide crude supply is actually not particularly abundant anymore. So what fundamental story is supposed to be used to drive oil lower? A bunch of talking heads on Twitter complaining that oil is going lower? That doesn't move markets. Producers have to deposit actual oil to go bigly short because contracts settle in physical goods. Moreover, the price action in March before the big move down in May was really, really peculiar. You see it more clearly on the weekly: Like, $2 away from a breakaway gap is where it chose to dump and actually set a new low of the year? Really, to me, this says that since we haven't dumped anymore and now we're getting fundamentally extremely, extremely bullish news, that the target can only be $95. People, for whatever reason, tend to like to buy above highs and so they'll get bullish at $85 and $95. But why not get bullish at $70? Warren Buffet keeps buying OXY. Is he doing this because oil is on the verge of another 5 year bear market? If oil is going to pump, what does this mean for equities? What does it mean for the VIX? With what's going on in the world, what does it mean for the future? How long will the happy continue? It's really worth giving some sober thought to, and it's really worth cutting the furus and the propaganda outlets out of your information cycle.Longby LordWrymouthUpdated 101025
Rising wedge channel Rising wedge in crudeoil (1 hour) market is little bullish for short term by ajit25802
CRUDE OILPreferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;) by sepehrqanbari2
CRUDE OIL NEX FEW DAYSOn a daily candle trend line may be crossed, if RSI crosses above 60, Next target is likely 74.10, 77.31, 80.02 ( Only if RSI crosses above 60 today, then most likely) RSI 60 LIKELY TO BE RESISTANCE but Pivot (Camarilla) lines indicate upside movement possibility Mild Retracement till 71.44Longby avinspras1
WTI Light Sweet Crude Oil, 7/7/23For Friday, 69.45 can contain session weakness, above which 72.81 remains a 2 - 3 day target able to contain buying into later next week, and the point to settle above for yielding the more meaningful 77.27 within 1 - 2 more weeks. Downside Friday, closing below 69.45 signals another test of 67.08 within several days, able to contain selling through next week and above which 77.27 is attainable over the next 3 - 5 weeks. On the other hand, a daily settlement below 67.08 indicates 62.14 longer-term support within 2 - 3 weeks, where the broader market can bottom out through summer activity.by SpecialeAnalysis0
Will Crude Oil Price Track the 50-Day SMA?The price of oil trades above the 50-Day SMA ($71.36) as it extends the series of higher highs and lows from last week. Crude Oil Outlook The price of oil may attempt to retrace the decline from the June high ($75.06) as it registers a fresh weekly high ($72.34), with a break/close above $75.60 (38.2% Fibonacci extension) bringing the May high ($76.69) on the radar. However, the price of oil may track the negative slope in the moving average if it struggles to test the June high ($75.06), and failure to hold above the $70.00 (50% Fibonacci extension) to $70.60 (61.8% Fibonacci retracement) region may push crude towards the $64.40 (61.8% Fibonacci extension). by FOREXcom2
CL1!: Long Signal Explained CL1! - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long CL1! Entry Level - 70.93 Stop Loss - 69.09 Take Profit - 73.70 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️Longby UnitedSignals111154
CRUDE OILPreferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;) by sepehrqanbari3
WTI Light Sweet Crude Oil, 7/6/23For Thursday, 69.55 can contain session weakness, above which 72.80 remains a 2 - 3 day target able to contain buying into later week, and the point to settle above for yielding the more meaningful 77.20 within 1 - 2 more weeks. Downside Thursday, closing below 69.55 signals another test of 67.08 within several days, able to contain weekly selling pressures and above which 77.20 is attainable over the next 3 - 5 weeks. On the other hand, a daily settlement below 67.08 indicates 62.14 longer-term support within 2 - 3 weeks, where the broader market can bottom out through summer activity.by SpecialeAnalysis0
MCX : CRUDE OIL FUTURESMCX : CRUDE OIL FUTURES Post hitting the target @ 5422 levels, Crude is forming a descending triangle. A close below swing low of 5290, will drag down to next target @ 2818 levels. Time to keep an eye. It's only an observation & not any suggestion.Shortby UnknownUnicorn48247615
Crude realityI have a timid long on this one. I am not confident in it. But I really feel these are the forces that are at play here and if we enter the orange zone we might decide where this is going.Shortby nenUpdated 225
CRUDE OILPreferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;)by sepehrqanbari2
big move for west oil is preparing to happen In the main structure, we are in an expansion triangle. Wave D of this triangle maybe is like this, and after that wave E has target above $200by ManS-Investing116
CL BUY LIMIT POSITION this position based on the MCT STRATEGY and order block Risk reward is 1:3 Entry: 70.88 Tp: 71.50 SL: 70.67 Good luck traders Longby hamzaarkha1