Get started

Crudeoillong

Crude Oil upside Target 71.70Crude oil is presenting a promising buying opportunity as it approaches a crucial support level at $66. This level has demonstrated significant resilience, making it an ideal point for traders looking to enter the market. Our target for this trade is set at $71.70, which aligns with key resistance levels that could be tested as the market moves upward. In addition, our proprietary indicator has signaled a buying opportunity on the daily chart, further validating our bullish stance. The geopolitical tensions in the Middle East add another layer of urgency, as such instability often drives oil prices higher due to supply concerns. As we navigate through these market dynamics, now is an opportune time to consider adding crude oil to your portfolio. Keep an eye on price action around the $66 support, and be prepared for potential upward momentum towards our target of $71.70. Buying at Current Label Stoploss - 66 First Target 70 Second Target 71 Third Target 71.70
NYMEX:CL1!Long
by Sudhir-Sirohi
Smart Money Positioned to LONG Crude Oil - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Crude Oil (CL) My COT strategy has me on alert for long trades in CL if we get a confirmed bullish change of trend on the Daily timeframe. COT Commercial Index: Buy Signal OI Analysis: Generally last few weeks OI has drifted lower while CM's adding to longs - bullish. CM's approaching extreme long positioning, but not quite there yet. True Seasonal: True seasonal to go up until mid October - bullish. COT Small Spec Index: Buy Signal Front Month Premium - Bullish Supplementary Indicators: %R & Stochastic Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside. Good luck & good trading.
NYMEX:CLZ2024Long
by Tradius_Trades
WTI Crude oil global trade analysis U.S. crude oil inventories fell by 6.674 million barrels in the week ended January 19 from the previous level of 483,000 barrels. WTI prices were lower on the day as traders focused on rising U.S. oil production and rising supplies from Libya and Norway. The short-term (1H) trend of crude oil has repeatedly fluctuated near the E point of the triangle, with the range ranging from 75.30 to 73.30. Oil prices cross the moving average system up and down, and the short-term objective trend enters a volatile rhythm. Judging from the gradually rising arrangement of lows and highs, the short-term subjective trend is still bullish. Crude oil is expected to continue to hover within the range during the day, and buying operations will be dominated by waiting for lows.
TVC:USOILLong
by Jerome-Leon
Crude oil trade analysis WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark, finally closing down 0.14% at $79.99 per barrel. Crude oil opened lower and fluctuated today, stabilizing at the 74.9 line. The daily chart shows that yesterday it fell first and then rose. The daily line included a negative cross star pattern with long upper and lower negative lines. Recently, oil prices have been fluctuating in the upper shadow line in the 74.0 area, further indicating that this level has reached a certain level of support. position, but it is difficult to open up the situation without breaking through the upper resistance level. In the crude oil shock triangle, today's operation considers rebound short selling as the main strategy, and low and long strategies as the supplement. The top focus is on the resistance of 76.5-77.1 US dollars per barrel, and the bottom focus is on the support of 73.5-72.3 US dollars.
TVC:USOILLong
by Jerome-Leon
WTI Global Trade Analysis The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen. If the market is able to break above the $90 level, it could pave the way towards the $95 level. Conversely, if the price declines from current levels, the $87.50 level represents a key support area. Beneath this, the 50-day EMA near $85 provides major support. We expect continued volatility and volatility in this market.
TVC:USOILLong
by Jerome-Leon
Crude Oil (WTI) - Long; Load up on it!Just a near term play here on the anticipated, transitory USD weakness. The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.) Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
NYMEX:CL1!Long
by Nemo_Confidat
WTI Crude oil : Last chance to buy before new ATH? 18.05Inflation, inflation, inflation. In China, 15/16 districts have zero Covid cases and all restrictions are set to be cancelled by June. Globally, the disease is under control - Pretty much insuring a very busy summer for travel. So fundamentally - Crude oil has plenty of room to rise in the short-term and mid-term. When we look at the technicals we see : 1) Clear breakout and retest above triangle consolidation which led to strong bullish movement and bull trend ongoing now. 2) Clear close above key support/resistance zone of 108-109. 3) Probable immediate term target is resistance zone of 112.90 to 114.80. 4) A break above 114.80 could be strong confirmation for rally back to previous high and above. 5) Range trading between 108 to 114.80 is also very possible. Bottom line - Good chance for strong rally, downside to 108 is possible. A close below 108 would be bearish in the immediate term. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful, please like and follow! It would mean a lot. Don't hesitate to comment/ask me anything - I promise to respond to each and every one. I am not a financial advisor and encourage you to do your own research and be cautious when trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BLACKBULL:WTILong
by Exactus
16
CRUDE OIL: Buying On RetracementCRUDE OIL – FUTURES: Buying On Retracement And After Price Action Signal Above $81.28 Support Level Price Action: Price formed a Small Bullish Pin Bar Signal late last week (We are not considering trading this signal). Price moved higher from the prior Bullish Pin Bar Signal that had formed on Tuesday, Oct 25th (We did not consider trading this signal, nor did we mention it). Price moved higher from the recent Bullish Pin Bar Signal that had formed just above the $81.28 short-term support level (Minor Event Area), on Monday, Oct 24th (We did not consider trading this signal). This market is bullish above the $81.28 short-term support level. Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, at or just above the $81.28 short-term support level (Minor Event Area), which coincides with the recent Bullish Pin Bar Signal that had formed on Monday, Oct 24th.
TVC:USOILLong
by UnknownUnicorn393254