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Crude Oil Futures WTI (CL1!)

WTI Light Sweet Crude Oil, DAILY Market Analysis 11/2/22For Wednesday, 89.31 can contain buying through next week, below which the market remains susceptible to falling back to 77.45 over the next 2-3 weeks. Downside Wednesday, 85.07 can contain session weakness, while closing below 85.07 signals 77.45 longer-term support by the end of next week, where the market can bottom out through November, and above which the 96.74-97.66 region is attainable over that time horizon. Upside Wednesday, a settlement above 89.31 indicates the 96.74 - 97.66 area within 1-2 more weeks, able to contain buying through December.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI Light Sweet Crude Oil, DAILY Market Analysis 11/1/22The 77.45 region can contain selling through November, above which 97.66 is attainable over that time horizon, able to contain buying through December and the region to settle above for signaling 2-3 months bullish continuation to 111.95, where the broader market can top out through winter activity. Downside, a weekly settlement below 77.45 indicates 68.50 by the end of November or sooner, able to contain broader market selling through the balance of the year.
NYMEX:CLZ2022
by SpecialeAnalysis
USOIL 1st NOVEMBER 2022US President Joe Biden will ask oil and gas companies to invest some of their record profits in lowering the cost of living in the country. Biden will ask Congress to consider requiring oil companies to pay a tax penalty. Biden has previously encouraged oil companies to increase production rather than use profits for share buybacks and dividends. The government is also relying on releasing supplies from the Strategic Petroleum Reserve (SPR) to ease the supply crisis.
TVC:USOIL
by DNP-FX
WTI Light Sweet Crude Oil, DAILY Market Analysis 10/31/22For Monday, 89.59 can contain buying through next week, below which the market remains susceptible to falling back to 77.45 over the next 2-3 weeks. Downside Monday, 85.18 can contain session weakness, while closing below 85.18 signals 77.45 longer-term support within 3-5 days, where the market can bottom out through November, and above which the 97.02-97.66 region is attainable over that time horizon. Upside Monday, a settlement above 89.59 indicates the 97.02 - 97.66 area within 1-2 more weeks, able to contain buying through December. WEEKLY ANALYSIS: The 77.45 region can contain selling through November, above which 97.66 is attainable over that time horizon, able to contain buying through December and the region to settle above for signaling 2-3 months bullish continuation to 111.95, where the broader market can top out through winter activity. Downside, a weekly settlement below 77.45 indicates 68.50 by the end of November or sooner, able to contain broader market selling through the balance of the year.
NYMEX:CLZ2022
by SpecialeAnalysis
DAY TRADE Market Condition summery 44th weekHi traders, It was 1st week of posting the Day Trade Market Condition, the levels for the week 44th worked successfully. Hope the traders benefit from the daily posting on tradingview idea. As I always like Jesse Livemore who trend follower, my method of trading base on my Dynamic Trend Channel which systematically update levels for day trade, for day trade the left column of the table with 3 possible: 1 Rally (break up- cyan); 2 Shop Zone (yellow); 3 Drop (break down- magenta). More on higher time frame, right column of the table display the week levels those divided into 3 possible as weel: 1 BULL (green); 2 Cumulating (yellow); 3 BEAR (red) For the coming 45th week, traders stay on right side the fence, trade well! Traders like to know how to enter trades with above levels, please look up my idea on Price Action , Momentum
CME_MINI:ES1!
by situ886
CL1! - Weekly Market Update, 10/31WEEKLY MARKET ANALYSIS - 10/31/22 (CLZ2022) The TEAL ascending support region currently @ 77.75 for this week can contain selling near term, above which the descending ORANGE structure above @ 89.00 can contain buying strength near term. Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.25. A weekly settlement above 94.75 (buy a 1%+ margin) should signal 110.00 to follow. Downside, 77.75 can contain weekly selling pressures, while a settlement below 77.00 by 1%+ could trigger an accelerated move towards 66.50 followed by 52.25 which is able to contain selling through the balance of the year.
NYMEX:CLZ2022
by SpecialeAnalysis
Oil Heads Toward the $90'sOil finally broke out, which was somewhat of an inevitability as the price was consolidating for almost a week. We saw a triangle corrective pattern in the mid/low $80's, with prices stubbornly refusing to move as the rest of the markets have made great strides. Finally, we were able to break out and our analysis was on-point. Sure enough, $88.74 acted as a barrier to $90.06 with resistance kicking in, confirmed by a red triangle on the KRI. Weakness in the US dollar surely had something to do with this. The Kovach OBV has soared suggesting there is genuine momentum behind this move. If so, we can expect to test $90.06 soon. If not, then we should see support at $85.55.
NYMEX:CL1!Long
by quantguy
WTI Light Sweet Crude Oil, DAILY Market Analysis 10/27/22For Thursday, 84.47 can contain session weakness, 89.87 in reach and able to contain buying through next week, once tested the market susceptible to falling back to 77.94 within 2-3 weeks. On the other hand, closing today above 89.87 indicates the more meaningful 97.29 - 98.96 area within 1-2 more weeks. Downside Thursday, closing below 82.07 signals 82.07 tomorrow, also able to contain session weakness and the level to settle below for indicating 77.94 longer-term support within 2-3 days, where the market can bottom out through November, and above which the 97.29 - 98.96 region is attainable over that time horizon.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI Light Sweet Crude Oil, DAILY Market Analysis 10/26/22For Wednesday, 81.89 can contain session weakness, 85.07 in reach and able to contain session strength. Pushing/opening above 85.07 allows 88.47 intraday, while closing today above 85.07 indicates 90.00 within 2-3 days, where the market can top out through next week, and the level to settle above for yielding the more meaningful 97.57 - 98.96 area within 1-2 more weeks. Downside Wednesday, closing below 81.89 signals 77.94 longer-term support within 2-3 days, able to contain selling through November, and above which the 97.57-98.96 region is attainable over that time horizon.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI Light Sweet Crude Oil, DAILY Market Analysis 10/25/22For Tuesday, 82.03 can contain session weakness, 85.67 in reach and able to contain session strength. Closing today above 85.67 indicates 90.14 within 2-3 days, where the market can top out through next week and the level to settle above for yielding the more meaningful 97.57 - 98.96 area within 1-2 weeks. Downside Tuesday, closing below 82.03 signals 77.94 longer-term support within 3-5 days, able to contain selling through November, and above which the 97.57-98.96 region is attainable over that time horizon.
NYMEX:CLZ2022
by SpecialeAnalysis
WTI Light Sweet Crude Oil, WEEKLY/DAILY Market Analysis 10/24/22Weekly Analysis: The 77.94 region can contain selling through November, above which 98.96 is attainable over that time horizon, able to contain buying on a monthly basis and the region to settle above for signaling 2-3 months bullish continuation to 111.95, where the broader market can top out through winter activity. Downside, a weekly settlement below 77.94 will keep the 68.50 region in reach by the end of November or sooner, able to contain broader market selling through the balance of the year. Daily Analysis: For Monday, 82.97 can contain selling into later week, above which 90.28 remains a 3-5 day target. Upside today, 86.26 can contain session strength, while closing above 86.26 indicates the targeted 90.28 within 2-3 days, where the market can top out on a weekly basis and the level to settle above for yielding the more meaningful 97.85 - 98.96 area within 1-2 weeks. Downside Monday, closing below 82.97 signals 77.94 longer-term support within 3-5 days, able to contain selling through November, and above which the 97.85-98.96 region is attainable over that time horizon.
NYMEX:CLZ2022
by SpecialeAnalysis
CRUDE OIL (WTI) Trading Plan For Next Week 🛢 Hey traders, WTI Crude Oil has recently reached a key daily structure support. The market is currently stuck within a horizontal range. To catch the next trend-following move, watch 81.85 - 83.4 horizontal demand zone. Wait for its bearish breakout next week - daily candle close below that, then sell aggressively or on a retest. Targets will be 79.7 / 76.5 Alternatively, a bullish breakout of the underlined resistance may trigger a bullish movement. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
7
CL1! - Weekly Market Update, 10/24WEEKLY MARKET ANALYSIS - 10/24/22 (CLZ2022) The TEAL ascending support region currently @ 77.50 for this week can contain selling near term, above which the descending ORANGE structure above @ 90.00 can contain buying strength near term. Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.00. A weekly settlement above 94.50 (buy a 1%+ margin) should signal 110.00 to follow. Downside, 77.50 can contain weekly selling pressures, while a settlement below 77.00 by 1%+ could trigger an accelerated move towards 67.50 followed by 52.50 which is able to contain selling through the balance of the year.
NYMEX:CLZ2022
by SpecialeAnalysis
CRUDE OIL (WTI) Waiting For Breakout🛢 WTI Crude Oil has recently dropped to a key daily structure support. The market is currently trading within a horizontal range. To catch the next trend-following move, watch 81.85 - 83.4 horizontal demand zone. Wait for its bearish breakout - daily candle close below that, then sell aggressively or on a retest. Targets will be 79.7 / 76.5 Alternatively, a bullish breakout of the underlined resistance may trigger a bullish movement. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
7