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Crude Oil Futures WTI (CL1!)

WTI OIL turned the 4H MA50 into Support and aiming higher.WTI Oil (USOIL) has broken above the bearish trend of the former Lower Highs and a Channel Up emerged. The 4H MA50 (blue trend-line) broke for the first time in almost a month and has now been turned into Support. As long as this holds, we expect Oil to target the 4H MA200 (orange trend-line) at $70. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Weekly Market Forecast WTI CRUDE OIL: Bearish! Wait For SellsThis forecast is for the week of March 17 - 21st. WTI Crude Oil is in consolidation, but forming a wedge pattern. As the market condenses, we no watch out for a breakout that could go in either direction. But if we take note of the Weekly bearish FVG that formed last week, we simply wait for price to sting into it and use it to move lower. The market is weak, and has been trending down for over two months now. Using the trend and the -FVG, the higher probability is for price to continue lower, as long as the -FVG holds. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Short
by RT_Money
WTI OIL Massive 4-year Support hit. Bullish reversal ahead??WTI Oil (USOIL) hit on last week's 1W candle the 1M MA100 (red trend-line), a massive long-term Support level that has been holding since the week of April 26 2021, i.e. almost 4 years. At the same time, the price entered the 2-year Support Zone, which has produced all major Bullish Phases (green Rectangles) during this time span. The last one got rejected twice on the 1W MA200 (orange trend-line). Given the fact that this most recent rejection formed the current 2-month Bearish Phase (red Rectangle), which even based on 1W RSI terms, is similar to all previous Bearish Phases that found Support on the 2-year Support Zone, we have a massive long-term Support Cluster in front of us. Naturally, until the 1W MA200 breaks, that should be the first Target of any buy attempts. As a result, we expect $80.00 to be tested by June 2025 the earliest. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
1
WTI OIL hit its 2-year Support. Major rebound possible.WTI Oil (USOIL) didn't fail us on our last bearish idea (February 20, see chart below), where we called the 1D MA50 rejection: The decline didn't just hit our $69.00 Target but also broke below the medium-term Channel Up and entered the 2-year Support Zone. The long-term dynamics should gradually start emerging now and the principle parameter is that every time this Support Zone gets hit, WTI starts strong medium-term rallies. Technically (even on 1W MACD terms), the decline since mid January is very similar with the one of mid April 2023. Both were produced after another Support Zone rebound and before that a long-term Channel Down (red) preceded them. As a result, we expect a strong rebound for at least the next 2 months, which (as in the case of Fractal 1) should initially target at least January's High at $80.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Crude Oil – A $10 Short with a Valuable LessonThe price hit the Upper Median Line Handle (U-MLH) three times and was rejected each time (red circles). These were all high-potential short trade opportunities. However, none of these short trades managed to reach the Profit Target Goal (PTG) at the Center Line (CL). When the price repeatedly fails to hit the CL, it often builds up momentum for a larger move. The last short opportunity from the U-MLH was at Circle #3. If you missed it, you have another chance now. Breaking the "shelf" (the petrol support line) is just like breaking a Median Line or a Center Line. It’s not magic—though it may sometimes seem like it. The three slanted petrol lines extending to the right function the same way as a fork. So, we just broke the (petrol) Center Line, right? Now, where is the price likely to go after breaking this (petrol) Center Line? That’s right! There is about an 80% probability that it will move towards the (petrol) Lower Median Line Parallel. What a coincidence—it aligns exactly with the red Center Line! Of course, this is all based on probabilities, not guarantees. We can't predict the future, but we can rely on rules, statistics, and knowledge. I hope you learned something today. If you enjoy my work, I’d appreciate it if you like and share it with others. Have a great day! 😊
NYMEX:CL1!Short
by Tr8dingN3rd
2
WTI CRUDE OIL: Approaching the 2year Buy Zone.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 35.899, MACD = -0.720, ADX = 32.215) failing to cross above the 1D MA50 last Thursday and eventually getting rejected to today's low. This low just hit the HL trendline of September and is about to enter the S1 Zone that has been holding since March 2023. Every breach inside this Zone has been the best long term buy opportunity on WTI. Until the Zone breaks, we will treat it as the best buy entry, aiming at the LH Zone (TP = 77.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
WTI on high time frame "Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions." If you have any specific questions or need further assistance with your message, feel free to ask!
OANDA:WTICOUSDShort
by somayehbasiri
Levels to consider for Crude oil Futures CL1!On this video i discuss what I think is the next long/short to consider and illustrate how not to get caught up in the noise of low probability setups . Currently we are trading inside of a range between the POC and the VAH . I look back on previous highs in the chart and how we reacted at those levels and what I potentially see looking forward . My bias overall is expecting more downside but I dont marry that one bias and simply look at the PA from both sides with a focus on having a plan in the event of a move up or Down .
NYMEX:CL1!
by SJTRADESFUTURES
WTI OIL potential rejection leading to the Channel's bottom.WTI Oil (USOIL) has been trading within a Channel Up pattern on the 1D time-frame with the price on a Bearish Leg since its January 15 Higher High. The price is right now being rejected on its 1D MA50 (blue trend-line) and based on the last two main bearish sequences since July 2024, a 1D MA200 (orange trend-line) max rejection is quite possible here to continue the Bearish Leg. Our Target is the bottom of the Channel Up at $69. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
WTI OIL Weak price action on the medium-term.WTI Oil (USOIL) is extending the Bearish Leg of the Triangle pattern after the recent January 13 rejection on the 1W MA200 (orange trend-line). Until the 1W RSI turns bearish again, and more importantly the Support Zone gets hit, we expect this bearish trend to be extended. The strongest Demand Level for the past 2 years has been this Support Zone, so our medium-term Target is on its top at $68.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
1
CRUDE OIL - WEEKLY SUMMARY 3.2-7.2 / FORECAST🛢 CRUDE – 10th week of the base cycle (28 weeks), likely completing the 1st phase. The extreme forecast on February 3 worked as a reversal from the combined resistance of the MA20 and the large triangle boundary, which I mentioned in my last post. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but it is very mature. ⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). This is a very strong resistance level. I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 11.
NYMEX:CL1!
by irinawest
Market Forecast UPDATES! Tuesday, Feb 11In this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:ES1!
by RT_Money
Support around 73.25 is the key Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (CL1! 1D chart) The point to watch is whether it can rise above 73.25-74.62. Since the M-Signal indicator and MS-Signal (M-Signal on the 1D chart) indicators on the 1W chart are passing around 73.25, it is expected to be the first resistance zone for the rise. The M-Signal indicator of the 1M chart is passing around 74.62, so it is expected to be the second resistance zone. - If it receives resistance and falls, 1st: 70.64-71.0 2nd: 68.18-68.94 You should check whether there is support near the 1st and 2nd above. - (30m chart) Resistance: M-Signal indicator of 1D, 1W chart Support: 5EMA+StErr indicator of 1D chart (71.78) - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NYMEX:CL1!
by readCrypto
Weekly Market Forecast: CRUDE OIL Can Go Lower!This forecast is for the week of Feb 10-14th. OIL is still trending to the downside, and sells are still valid. Until we see a bullish market break of market structure, sells all day. CPI Data news on Wednesday, so be careful trading into news day. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!
by RT_Money