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cl, oil, day trading for Feb 21st 2020Oil has been moving down back into the top of the prior multi day range and this red bottom is an important level to watch to know if the buyers step in or just let it go back into that prior consolidation. For today at least oil is giving a look that the up move is tired and does not want to push much higher. So I will be looking for smaller choppier trades or a break down into lower areas. I do keep my mind open to being wrong and am always ready to go long in this situation if the buyers show up and push hard to the up side.
TVC:USOIL
by alleytrader
cl, oil, day trading for Feb 12th 2020oil is off to a bullish start heading for the top of the big range I have mentioned a few times. The first targets are close to the current action to see if oil can push past where some selling is likely to happen. This is either a look for buyers and in that cause we find them or we do not. If they are found a good sized up move could be coming and top of range of 52 is very possible. and if the buyers do not jump on board then a rejection back into the prior days range is my second trade idea.
TVC:USOIL
by alleytrader
cl, oil, day trading for Feb 10th 2020today the early session is setting up my boundaries very well, I do however have a light red zone for short at 49.8, and this could take s right past red low to the prior range bottom. In the event we break that low I then will look for targets, until then i have no values lower. Oil is and has been trading in a larger range from 49.5 to 51.90 and until this is cleared i expect we stay put and if this info remains correct then I think early on today will set up a in range long side trade.
TVC:USOIL
by alleytrader
CoronavirusHi friends, today I want to analyze one news that excited and scared people - this is news about the coronavirus that appeared in China. If you like my analyzes, click like.
In the first place of this week is the news about the coronavirus epidemic in China, which took the whole world by surprise.
There is no such person who spoke about this news. But all this news did no good, except to create panic among the people.
Therefore, after studying the mechanism and selecting all the news, I give only the necessary and important conclusions.
I must say I'm not a doctor, and I have nothing to do with medicine. In this regard, I will focus on other economic and political consequences of this epidemic.
Because the economic and political consequences may be higher than the medical consequences of this epidemic. First, I want to give you some brief information.
A coronavirus epidemic has emerged from the 13 million-strong city of Wuhan in China. According to scientists, the main reason for this epidemic is the Chinese habit of eating all moving animals. The Chinese boast: "we eat all quadrupeds except the table, all flying except the plane, all floating except the boat." 
In my opinion, this custom will not lead to anything good. It was revealed that specific people were infected with the coronavirus epidemic from bats.
At the moment, most countries do not have testing devices for accurate diagnosis, let alone an anti-epidemic drug. Such devices have been researched and produced only in China and the United States. In most countries, such devices have not yet been delivered. Chinese scientists study the genetic structure of this virus and distribute their research results to all countries. According to experts in the field of medicine, it takes 6-8 months to find antiepidemic agents. Then it needs to be tested for 6-8 months. Only after this will there be a drug available for production, until then there are no drugs that treat the disease. It turns out that in order to find a cure, we need at least 1.5 years. Now let's see how dangerous this is for us. As mentioned above, there is no cure for this epidemic yet. And the next 1-2 years will not be either. Despite the fact that there are no drugs for this epidemic, the statistical danger of this epidemic is very low. Today, in the 13 million city of Wuhan, there are only 8 thousand infected people. As for the whole world, the number of cases of this infection is 9776 people, of which 213 people died. For comparison with the usual flu in the world, at least 5-10% of the total population get sick every year, and about 300-400 thousand people die. This epidemic is transmitted from person to person by airborne droplets. This makes this disease dangerous in densely populated countries. In countries where the population density is small, the risk of infection becomes lower. I told you about the medical and statistical dangers of the coronavirus epidemic. 
Now let's go over the economic and political dangers of this epidemic. The economic and political danger of this epidemic will be much higher than the medical danger. If you pay attention to economic news, you will get the impression that it is war news . The Chinese securities market continues to fall. 
 
The gross domestic product of the Chinese economy will fall by at least 1-1. 5% and if the Chinese economy weakens, it will have a very strong impact on the world economy. The very first can have a negative impact on the price of oil and metals. Since mid-January, when the coronavirus epidemic began, the global securities market and commodity exchanges have continued to fall 

The price of oil fell by 20% 
 

 Copper fell 15% 
 

If we take the last 100 years of historical statistics, the economic crisis occurs every 7-9 years. And more than 10 years have passed since the last crisis of 2008. 



 Therefore, it seems that the world is facing another crisis. If the price falls below $ 40, the state of the budget of countries that depend on the price of oil will deteriorate sharply.



And if we take into account that part of the budget of these countries is spent on social spending, then there are great doubts that the government will find the means to fulfill its social obligations. Where do governments find funds? Of course from our pocket We will have to stop many social payments and devalue national currencies. This will further reduce the social situation of the population. And it can cause discontent of the people, which is already on the verge. And in this way, many countries can go to a political crisis. And God knows what will happen at the end of it all. Of course, all this may not be. Some even believe that too much attention paid by the media is both an ideological and information war of the United States against China. Although, personally, I even if I do not believe in it, but I believe that in the modern world everything can be. Continuing to talk about the coronavirus epidemic, I would like to draw attention to two or three other small things from which we should take an example . The first is the effectiveness and discipline of the Chinese government. See how many measures they took specifically and without unnecessary panic in the shortest possible time. They showed themselves as a state system that knows what to do. The second is the openness of the Chinese government this time. Since the beginning of the epidemic, the Chinese government has convened the World Health Organization . Without hiding any information. Hold press conferences on time. Third , we can see how developed the Chinese economy is, and we can find out by looking at a 1,000-bed hospital built in 48 Hours. Amazing.

And the last thing I noticed was the cohesion and decency of the Chinese people. If you look at the 13 million city of Wuhan. Where the government has imposed a quarantine, people continue their lives without going out and committing any hooliganism. Looking at these examples, we can learn a lot of good things from them, if we don't take the bad ones. 
 As you have noticed, everything is interconnected in the world. If one country sneezes in one place, the whole world will become infected. These words are said not only in a medical sense, but we live in a world where Economics and politics are closely linked and have a great influence on each other.

Many people asked me my opinion about the coronavirus. That's my opinion If you like my analysis, please like it. Best regards EXCAVO
NYMEX:CL1!
by EXCAVO
44
cl, oil, day trading for Feb 3rd 2020From last close oil has been balanced long and in a decently tight consolidation looking for it next move. As always watch the red zone for the first directional clue. A move lower could come fast and expect a move higher will be more grindy, but what do I know, this is only my thoughts. The trick is let the market prove me wrong and take advantage of what it is showing you.. I like the idea of a Red zone bottom bounce and then see if we can break out the top of the red zone. If teh bottom lets go will change my long view very fast.
TVC:USOIL
by alleytrader
Potential LONG CLAfter the huge sharp decline in the price of oil from recent highs of 64 due to supply and Corona Virus concerns. We are currently sitting on yearly support level for oil. Volume has still been extreemly strong to the downside, so price may even break through from here, but if the street feels that prices have been a bit too oversold, we can expect a nice corrective wave up before attemtping to further break this huge resistance at 51.00 Waiting for strong volume to come in to confirm price movement up 2 Poisitons 1 1:1 1 BE at 1:1 with an aggressive SL trail
NYMEX:CL1!Long
by amirtrades
Oil Prices Continue Fall as Fears of Coronavirus IncreaseNYMEX:CL1 Crude Oil – Weekly Report Crude has continued its fall at the end of last week seeing prices down just over -4.5% for the week. Much of the selling and fear within the market last week did come from growing fears of the Coronavirus within the China region. Although there has been no direct affect to oil production by the Coronavirus, there has been a rollover affect seen by investors as many investors seek risk-off which has also been seen in global equity markets. Yesterday’s sessions saw this with the S&P500 down -1.77% at the end of the session. Crude Inventories released by EIA show a slight build up 3.5 million barrels. This is the first build in more than 3 weeks.
NYMEX:CL1!
by OilReporting