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Crude Oil Futures WTI (CL1!)

CL1! Will Go Up From Support! Long! Please, check our technical outlook for CL1!. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 72.77. Taking into consideration the structure & trend analysis, I believe that the market will reach 76.39 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
NYMEX:CL1!Long
by SignalProvider
6
WTI Light Sweet Crude Oil, 5/23/23For Tuesday, 71.40 can contain selling through the balance of May, above which 74.32 remains a 3 - 5 day target, the next 3 - 5 weeks allowing 83.67 long-term resistance.   Upside Tuesday, 73.41 can contain intraday strength, beyond which 74.32 is attainable intraday and able to contain session strength.   A settlement today above 74.32 signal 77.35 within several more days, able to contain buying into next week and the point to settle above for then yielding the more meaningful 83.67 within 2 - 3 more weeks.   Downside Tuesday, breaking/opening below 71.40 allows 70.02, while closing today below 71.40 will keep 69.19 in reach over the next several days, where the market can place a weekly low and the point to settle below for indicating 62.14 within 3 - 5 more weeks.
NYMEX:CL1!
by SpecialeAnalysis
CL1! Will Explode! BUY! My dear friends , I analysed this chart on CL1!, and concluded the following: The asset is approaching an important pivot point 72.40 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 76.49 My Stop Loss - 70.08 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NYMEX:CL1!Long
by AnabelSignals
15
WTI Light Sweet Crude Oil, 5/19/23For Friday, 72.33 can contain buying through next week, below which 68.77 is likely over that time horizon, possibly yielding 62.14 by the end of June.   Downside Friday, 71.69 can contain intraday weakness, below which 69.84 is attainable intraday and able to contain session weakness.   Closing today below 69.84 signals 68.77 on Monday, where the market can bottom out into later next week and the point to settle below for then indicating 62.14 within 2 - 3 weeks.   Upside Friday, pushing/opening above 72.33 allows 75.93, while closing today above 72.33 indicates 82.92 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
NYMEX:CL1!
by SpecialeAnalysis
CL1! The Target Is UP! BUY! My dear subscribers , I analysed this chart on CL1!, and concluded the following: The asset is approaching an important pivot point 71.88 Bias - Bearish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 74.53 My Stop Loss - 70.16 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NYMEX:CL1!Long
by AnabelSignals
21
WTI Light Sweet Crude Oil, 5/18/23For Thursday, 72.74 can contain weekly buying pressures, below which 68.77 is likely by the end of next week, possibly yielding 62.14 within 3 - 5 weeks.   Downside Thursday, 71.69 can contain intraday weakness, below which 69.84 is attainable intraday and able to contain session weakness.   Closing today below 69.84 signal 68.77 tomorrow, where the market can bottom out into later next week and the point to settle below for then indicating 62.14 within 2 - 3 weeks.   Upside Thursday, pushing/opening above 72.74 allows 75.93, while closing today above 72.74 indicates 82.95 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
NYMEX:CL1!
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 5/17/23For Wednesday, both 72.18 and 69.84 can firmly contain intraday activity, beyond which the next notable level is expected intraday.   Upside, pushing/opening above 72.18 signals 73.16, able to contain weekly buying pressures, once tested 68.77 attainable within a full week of activity, possibly yielding 62.14 within 3 - 5 weeks.   On the other hand, a daily settlement above 73.16 indicates 82.97 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.   Downside Wednesday, breaking/opening below 69.84 signals 68.77, able to contain selling through the balance of the week, and the level to settle below for then indicating 62.14 within 2 - 3 weeks.
NYMEX:CL1!
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 5/15/23The 62.14 level can contain selling through June, above which the 83.05 - 84.41 region is likely over that time horizon. On the way up 73.99 can contain weekly buying pressures, with a daily settlement above 73.99 indicating 83.15 within several weeks (days?), the start of a narrowing range of meaningful resistance up to 84.41 able to contain buying into later summer, and the region to settle above for indicating 94.67 long-term resistance within 2 - 3 months. Downside, a settlement below 62.14 indicates 53.87 within several weeks, longer term Fibonacci support able to contain selling through summer activity. - For Monday, both 73.71 and 69.84 can firmly contain intraday activity, beyond which the next notable level is expected intraday. Upside, pushing/opening above 73.71 signals 73.99, able to contain weekly buying pressures, and once tested, 68.77 attainable within a full week of activity, possibly allowing 62.14 within 3 - 5 weeks. On the other hand, a daily settlement above 73.99 indicates 83.01 within 2 - 3 weeks, the start of a range of meaningful long-term resistance up to 84.41 able to contain buying into later summer. Downside Monday, breaking/opening below 69.84 signals 68.77, able to contain selling into later week, and the level to settle below for then indicating 62.14 within 2 - 3 weeks.
NYMEX:CLM2023
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 5/12/23For Friday, both 73.71 and 69.97 can firmly contain intraday activity, beyond which the next notable level is expected intraday. Upside, pushing/opening above 73.71 signals 74.40, able to contain buying through next week, and once tested, 68.77 attainable within a full week of activity, possibly allowing 62.14 within 3 - 5 weeks. On the other hand, a settlement today above 74.40 indicates 83.04 within 2 - 3 weeks, the start of a range of meaningful long-term resistance up to 85.16 able to contain buying into later summer. Downside Friday, breaking/opening below 69.97 signals 68.77, able to contain selling into later next week and the level to settle below for allowing 62.14 by the end of May.
NYMEX:CLM2023
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 5/11/23For Thursday, both 73.71 and 69.97 can firmly contain intraday activity, beyond which the next notable level is expected intraday. Upside, pushing/opening above 73.71 signals 74.82, able to contain weekly buying pressures and, once tested, 68.77 attainable within a full week of activity, possibly allowing 62.14 within 3 - 5 weeks. On the other hand, a settlement today above 74.82 indicates 83.06 within 2 - 3 weeks, the start of a range of meaningful long-term resistance up to 85.16 able to contain buying into later summer. Downside Thursday, breaking/opening below 69.97 signals 68.77, able to contain selling through the balance of the week and the level to settle below for allowing 62.14 by the end of May.
NYMEX:CLM2023
by SpecialeAnalysis