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Crude Oil Futures WTI (CL1!)

WTI Light Sweet Crude Oil, DAILY Market Analysis 11/16/22For Wednesday, 89.46 can contain session strength, below which 82.77 is attainable over the next several days, where the market can bottom out into next week. A settlement today below 82.77 signals 78.29 within several days, the start of a range of meaningful support down to 76.48 able to contain selling through the balance of the year. Upside Wednesday, closing above 89.46 signals 95.06 - 95.35 within several days, where the market can top out through the balance of the year, once tested the market prone to falling back to 76.48-78.29 within 3-5 weeks. On the other hand, a settlement above 95.35 indicates 103.38 within several weeks, the broader market in reach of 110.10 over the next several months.
NYMEX:CLF2023
by SpecialeAnalysis
WTI OIL: Trapped between the 1W MA50 and MA100The WTI Crude Oil has been giving the best set-up to swing traders as it has been ranging within the 1W MA50 (blue) and 1W MA100 (green) since August 31st. Great low risk high return opportunities exist within for as long as it lasts. On the longer term, the September 26th bounce on the 1W MA100 was on the rising Support (Higher Lows) that has been in effect since March 2021. In fact even the 1W RSIhit and rebounded on its declining (Lower Lows) Support, with the previous two times (December 6th 2021 and August 23rd 2021) matching Oil's last two bottoms. The MACD needs to complete its bullish cross to confirm a new sustainable rise though, which will most likely be if Oil breaks above the 1W MA50. That would target the dashed rising Resistance (Higher Highs) that was the technical Resistance before the Ukraine/ Russia war distorted the price action. On a different occasion, if the price breaks below the March 2021 rising Support, Oil could target the 1W MA200 (orange) for the first time since February 01 2021. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:USOIL
by InvestingScope
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/15/22For Tuesday, 90.29 can contain session strength, below which 82.70 is attainable within the week, where the market can bottom out through Friday. A settlement today below 82.70 signals 78.22 within several days, the start of a range of meaningful support down to 76.48 able to contain selling through the balance of the year. Upside Tuesday, closing above 90.29 signals 95.06 - 95.49 within several days, able to contain buying through the balance of the year, and if settled above a bullish continuation region into January activity.
NYMEX:CLF2023
by SpecialeAnalysis
OIL Weekly Forecast 14-18 November 2022OIL Weekly Forecast 14-18 November 2022 Currently the implied volatility for this asset is around 6.59%, up from 6.36% of last week. From volatility percentile, point of view, we are currently on 66th from ATR and 66th from OVX index. With this volatility percentile values into account we can expected on average that the weekly candle is going to be: 4.56% for bullish 5.01% for bearish With the current IV, we can expect with a 71.0% probability that the market is not going to close either above or below the next channel: TOP: 94.68 BOT: 83.35 Lastly, based on previous calculations, we have: 31% to hit the previous weekly high of 93.8 65% to hit the previous weekly low of 84.65
NYMEX:CL1!
by exlux
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/14/22For Monday, 88.20 can contain selling into later week, above which the 95.06-95.63 region is attainable over the next 3-5 days. Upside Monday, 90.80 can contain intraday strength, beyond which 93.24 is attainable intraday and likely to contain session strength. A settlement above 93.24 indicates 95.06-95.63 tomorrow, able to contain buying out through December, once tested 76.48-78.15 longer-term support attainable over the same time horizon. Downside Monday, breaking/opening below 88.20 allows 85.83 intraday, while closing today below 88.20 will keep 82.63 in reach over the next several days, able to contain selling through the balance of the week and the point to settle below for signaling 76.48-78.15 within 2-3 days.
NYMEX:CLF2023
by SpecialeAnalysis
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/11/22For Friday, 88.34 can contain buying through next week, below which 82.56 remains a 3-5 day target, the 76.97-78.08 region expected over the next 2-3 weeks. Downside Friday, 84.72 can contain intraday weakness, below which 82.56 is attainable intraday and able to contain selling into next week. A daily settlement below 82.56 signals 78.08 within 2-3 days, the start of a range of targeted long-term support on the 76.97 able to contain selling into December activity. Upside Friday, closing back above 88.49 will keep 95.77-96.36 long-term resistance in reach by the end of next week, where the market can top out through December, and a meaningful upside continuation region through the balance of the year.
NYMEX:CLZ2022
by SpecialeAnalysis
OIL11. 10. 22 I wanted to use the oil daily chart To show you two bar reversals and opening price trades with small stops. I messed it up a little bit near the end of the video, but the first 15 minutes or so I will show you the gist of what I was trying to focus on. Sorry about that. Remember colon it's something to look at if you're out of sync with the market, and all that is occurring is a sequence of losing trades. This probably has something to do with your trade location. Your trade location baby problematic because you may be using oscillators for other tools that really don't have anything to do with a more precise perception of where the buyers or sellers are, and price action.
NYMEX:CL1!
by ScottBogatin
1
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/10/22For Thursday, 88.48 can contain buying through next week, below which 82.49 remains 3-5 day target, the 76.97-78.01 region expected over the next 2-3 weeks. Downside Thursday, 84.72 can contain intraday weakness, below which 82.49 is attainable intraday and able to contain selling through the balance of the week. A settlement today below 82.49 signals 78.01 within 1-2 days, the start of a range of targeted long-term support on the 76.97 able to contain selling into December activity. Upside Thursday, closing back above 88.49 will keep 95.91-96.36 long-term resistance in reach by the end of next week, where the market can top out through December, and a meaningful upside continuation region into later year.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/9/22For Wednesday, 88.62 can contain weekly selling pressures, above which 96.05-96.36 is expected within 3-5 days a range of longer-term resistance able to contain buying through the balance of the year, once tested 76.97 attainable over that time horizon. On the other hand, a settlement today above 96.36 indicates 99.92 within the week, while a weekly settlement Friday above 96.36 would signal 110.72 by the end of the year, where the broader market can top out into next spring. Downside Wednesday, breaking/opening below 88.62 allows 85.53, while closing below 88.62 indicates a good weekly high, 82.42 then likely within several days, 76.97 attainable by the end of November.
NYMEX:CLZ2022
by SpecialeAnalysis
Oil Maintains the $90'sOil topped out around $94 after breaking through our target at $92.03. We made a concerted effort for our next target at $95.24, but fell short just below $94. This was a high from the last attempt in early October, and may constitute a double top. We are not seeing a serious retracement, and are still holding the $90's. In order to press higher, we must break through $94 definitively. If support in the $90's does not hold, then $87.21 will likely be a floor price for now.
NYMEX:CL1!Long
by quantguy
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/8/22For Tuesday, 88.76 can contain weekly selling pressures, above which 96.18-96.36 is expected within the week, a range of longer-term resistance able to contain buying through the balance of the year, once tested 76.97 attainable over that time horizon. A settlement today above 96.36 indicates 99.92 within the week, while a weekly settlement Friday above 96.36 would signal 110.72 by the end of the year, where the broader market can top out into next spring. Downside Tuesday, closing below 88.76 indicates a good weekly high, 82.35 then likely by Friday’s close, possibly yielding 76.97 by the end of November.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI OIL Broke above the 1D MA100 for the first time in 4 months!WTI Oil (USOIL) didn't just break above its long-term Channel Down pattern on Friday, but at the same time broke and closed above its 1D MA100 (green trend-line) for the first time since July 05. That alone is the second major bullish signal on WTI, after the September 27 rebound on the 1W MA100 (red trend-line). That is something we made clear on our previous analysis: Right now the price is entering the Resistance Zone of August, which only broke once in August 29/30. This time however the technicals are different as the 1D MA50 (blue trend-line) has become as Support and the MACD on the 1W time-frame has made a Bullish Cross, the first since January 17 2022! At the same time, the 1D RSI remains on Higher Highs and a huge bullish divergence as the actual price is on Lower Highs (since August 29). As a result, trade within the medium-term (October) Channel Up (dotted lines) for as long as it lasts. A break above, targets the 1D MA200 (orange trend-line) and above the 0.618 Fib, strong bounce to the 0.786. On the other hand, we will turn bearish on if the price breaks below the 1D MA50, and target the 1W MA100. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
1
Oil Regains the $90'sAs we have been predicting for a while, oil has broken out into the $90's. There are only so many reserves that Biden can deplete in a frenetic attempt to improve his tarnished image before midterms. We have smashed through $90.06, which provided strong resistance and was a barrier for some time. We are currently testing $92.03 which was the exact target we predicted last week. Red triangles on the KRI are confirming resistance here. If we see a retracement we will find support at $90.06 again, or $88.74. Our next target is $95.24.
NYMEX:CL1!Long
by quantguy
MarketBreakdown | WTI OIL, NZDUSD, US100, EURJPY Here is a brief technical outlook for 4 instruments in my watch list. 1️⃣ WTI Crude Oil 🛢️ After a long-lasting bullish accumulation within an ascending triangle, the market broke its resistance on Friday. It looks like the market will keep growing. 2️⃣ NZDUSD 🇺🇸🇳🇿 The pair is very bullish since the middle of October. The price is currently approaching a local high. If the market breaks and closes above that, a bullish continuation will be expected to 0.6 level. 3️⃣ US100 (NASDAQ) Index 📈 After a three-weeks-long consolidation within a horizontal range, the market broke its support to the downside and closed below that. Now the market is retesting that. I believe that a bearish move will initiate soon. 4️⃣ EURJPY 🇪🇺🇯🇵 The pair is very close to a recently broken major rising trend line. With a high probability, we will see a bearish reaction from that, Pay close attention! Do you agree with my market breakdown? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
12