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Crude Oil Futures (Oct 2016)Crude Oil Futures (Oct 2016)Crude Oil Futures (Oct 2016)

Crude Oil Futures (Oct 2016)

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CLV2016 trade ideas

CRUDEOIL MASSIVE BREAKOUT Chart Analysis The chart shows a falling wedge pattern, a classic bullish reversal setup. The price has successfully broken out of the wedge pattern and is now testing the breakout zone near 5960, indicating potential further upside. Additionally: The 55 EMA is acting as dynamic support and is currently positioned at 5935 Buying Levels: Entry: 5960 (breakout confirmation) Support: 5935 (for tight stop-loss setups) Accumulation Zone: 5920 (for a risk-reward play) Selling Levels: Profit Booking Target: 6020 Extended Target: 6050 (if momentum persists) Stop Loss: 5920 (below the demand zone) Key Notes Watch for volume confirmation to validate the breakout. Keep an eye on broader market trends for crude oil, as global sentiment can significantly impact intraday movements. Disclaimer: This is for educational purposes only. Conduct your own analysis before entering trades.
MCX:CRUDEOIL1!Long
by Shalvisharma5
2
CL_LONG_+991 TicksThe CL daily time frame has created an up channel. The market has hit the bottom of the channel and is showing signs of pushing bullish towards the top of the channel. The market has created an up Fibonacci with an extension price point 78.92 about +991 ticks above the market. The market has broke and closed above a counter trend line bullish and showing sings of wanting to push toward the Fibonacci extension. Entry: Counter trend line break bullish above the bottom of the channel. STOP: 64.60 LIMIT: 78.92. This is part of the long idea of the CL 01-25. The market has rolled into the next contract CL 02-25, so we are updating this idea.
NYMEX:CL1!Long
by JoshuaMartinez
1
CRUDEOIL - Symmetrical triangle breakout on the horizonCrude Oil Update (4-Hour Timeframe) Chart Overview: Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon. The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level. EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher. Trading Plan: Entry Long: Above 5900 Target 1 - 6002 Target 2 - 6138 Entry Short: Below 5744 Target 1 - 5450 Target 2 - 5500 Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions. Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
MCX:CRUDEOIL1!Long
by Shalvisharma5
WTI breakout coming ? WTI has had a relatively range-bound year. Thinking back to what I said at the beginning of the year, that was what I predicted. I have drawn the vertical lines to show this year's range, and for me, this indicates a sell-the-rally mode that traders have adopted. You can see the triangle that has been forming over the past few years will break out soon. I prefer the downside break but just in case the opposite happens I have drawn the boxes of support and resistance I have observed. I have shown the chart for the 2008-2024 period because it gives a great perspective.
NYMEX:CL1!
by MarkLangley
Crude Oil Eating Up Time - Plate almost emptyPrice bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed). Next, we have the Yellow Fork. Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time. But now, I think the "Plate" is almost empty. Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect. To me, a Long Trade is more likely than a Short. - world wide tensions - so many bounces at the Support-Zone, they won't let price go down much - price has not re-tested the L-MLH of the Yellow Pitchfork As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
NYMEX:CL1!Long
by Tr8dingN3rd
So our bull targets done in crude oil This free new indicator helps to get accurate signals almost on all time frames and if you as me i use it on 15m chart normal candles , so lets talk about crude oil - when to take trades now- waiting for the bear signal between 5850-6200 if bear signal we can hold around 70 points tp with 20 sl Prediction are simply gambling but depending on market situation it shows that market can go upto 6200 or more with 30% chances or else it can open gap down and and go till 6100 or 6110 or more with 50 % chances. or it can break 6100 and give a bear signal around 6070 with 20% chances. the indicator you seeing is totally free and will be available soon, keep following. good luck
MCX:CRUDEOIL1!Education
by hormuzdengineer
2
Trading Plan: WTI Crude OilBased on my proprietary indicators, I maintain a bearish view on WTI Crude Oil. I am anticipating a downside target of ₹5800 (target open until 15th January 2025). Current Position: Holding short positions in MCX Crude Oil January 2025 expiry futures from ₹6025 levels. Intend to add more shorts if prices move to higher levels. Risk Management: Stop-loss and risk parameters are carefully planned but not disclosed here for strategic reasons. Position sizing is aligned with my overall risk appetite and trading capital. Disclaimer: This trading plan represents my personal views and trading decisions and is shared for informational purposes only. Trading in crude oil futures involves significant risk and may not be suitable for all investors. Readers should not consider this as financial advice and must conduct their own research or consult with a certified financial advisor before making any trading or investment decisions. Past performance of proprietary indicators is not indicative of future results.
MCX:CRUDEOIL1!Short
by IndexAce