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Crude Oil Futures WTI (CL1!)

Oil Attempts a ReboundOil bottomed out at 81.30, as expected. Oil prices are generally trending downward off recession fears and china coronavirus lock downs . We are seeing a small pivot off lower levels and an attempt to regain 85.55, which should provide strong resistance as it was a low tested several times earlier last week. We are starting to see strong resistance as we approach this level. If we break through we could make a run for the $90's. If we retrace, then $81.30 should provide support again.
NYMEX:CL1!Short
by quantguy
USOIL 5th SEPTEMBER 2022The standoff over Russia's gas and oil exports escalated on Friday after Moscow promised to close its main gas supply pipeline to Germany and G7 countries announced plans for price caps on Russian oil exports aimed at squeezing Russia's war chest in Ukraine. This latest closure of the Nord Stream pipeline, which Russia says will last as long as it takes to make repairs, adds to concerns over winter gas shortages that could pull major economies into recession and lead to energy rationing. Europe accuses Russia of weaponizing energy supplies in what Moscow calls an "economic war" with the West following Russia's invasion of Ukraine. Moscow blames Western sanctions and technical problems for supply disruptions.
TVC:USOIL
by DNP-FX
6
USOIL 8th SEPTEMBER 2022Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand. West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent. With lower prices this time it is a good opportunity to supply companies that are optimistic about surviving the recession and tightening monetary policy. This week, OPEC+ is scheduled to discuss oil production cuts as part of their future strategy. OPEC+ revised the market balance this year and expects demand to lag supply by 400,000 barrels per day (bpd) compared to the previous estimate of 900,000 bpd. However, the group of major oil producers expects the oil market to be in deficit by 300,000 bpd by 2023.
TVC:USOILLong
by DNP-FX
11
Crude Oil in 4H time Frame.Hi Everyone, Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment. as we can see the oil will make range until the fed release their new hike Interest rates. we also need see the next coming geopolitical movement from Russia , China and USA. The oil embargo will also have an impact on price movements. first possible range(4h - 1D): 80 - 110 USD second possible range (4h - 1D): 75 - 103 USD i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support ! Goodluck i'll help you to have a great trade. Please using good money management. dont take any emotional trade. Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks. Best luck for you. Cheers mate! Thankyou.
NYMEX:CL1!Long
by LaurentWilvyne
CRUDE to continue downward spiralCrude prices are oddly (well, perhaps not so) set to spiral down further below 80. Here is technically why it would... Light Crude Oil futures weekly chart show the recent consolidation around the weekly 55EMA, and that it appears to have broken down decisively, particularly closing at the lowest in the last 5 weeks. Technical indicators, particularly the RPM, suggest more momentum as does the weekly candlestick. The daily chart had a 55EMA failure with a large bearish engulfing candle that overwhelmed a decently large bullish candle the day before. This was followed by a down candle, completing a Three Outside Down candlestick pattern. As if it was not enough, a Gap Down was further followed by a candlestick that closed the week with a long top tail. The daily MACD crossed under the signal line and pushed further down into the bearish territory. Taken together, all these are simply pointing to more downside, likely to press below 80, targeting 70 towards the end of September. On another note, the USD appears to be technically bullish and pushing further up. Ceteris paribus , a rising USD usually pushes Crude prices lower.
NYMEX:CL1!Short
by Auguraltrader
1
The Two Main Factors Effecting Oil PricesOil saw support at $85.55, confirmed by many green triangles on the KRI. As anticipated, we saw a nice pivot there, bouncing back just below $90. We are currently testing $88.74, but a red triangle on the KRI is confirming resistance. Recession fears, bolstered by the non farm payrolls headline miss, will likely weigh on the price, however supply side shortages will likely keep prices above $85.55 for now. Our level at $90.06 is likely to be a ceiling for the time being.
NYMEX:CL1!
by quantguy
why you lose your money !!!Ladies and gentlemen for 50 days smart money entered the market only 2 times, so this is very normal because the market has no direction to ride nowadays if you want to earn the money from the markets look for trends, 95% of traders losing money and only 5% making money from the markets, and the market 80% of the time in a range situation and 20% in a trend situation, so now you know the difference between profitable traders and losing traders. TAKE A TREND, MY FRIEND.
NYMEX:CL1!
by BidAskMagnet
Oil Hits our TargetOil has tumbled, giving up the $90's entirely, and plummetting deeper into the $80's. We have breached $90.06, and several levels after that in the upper $80's. In particular, $87.21, our target from yesterday, was hit exactly (to the tick) and is currently providing support confirmed by a green triangle on the KRI. If we plummet further, our next target is $85.55. If we can manage to pivot, we should be able to test the $90's again, with $90.06 to provide resistance.
NYMEX:CL1!Long
by quantguy
Recession Fears Slam OilOil plummeted off recession fears , rejecting the mid $90's. Technically we are already in a recession (by multiple metrics) but our puppet masters would like us to think otherwise, constantly chasing hope like a carrot on a fishing pole. We slammed past multiple levels in the $90's, giving up the $90 handle entirely. We are currently testing $88.74, with the next level down being $87.21. If we can test higher levels, then the $90's will provide a barrier, in particular at $90.06. A relative low at $85.55 should serve as our anticipated floor price for now.
NYMEX:CL1!Short
by quantguy
Why Crude Oil is Trending Higher Again, Breaking Above US$100In this tutorial, I will explain both its fundamental and technical reasons for crude oil likely to break above and stay above US$100. I am having two portfolios at all times, one for long-term investing and the other for short-term trading. For the long-term I am mindful the current global inflationary pressure is real and it may last many months or even years ahead. Therefore, my current investment mandate: • U.S. stock markets – To trade them • Commodities – To buy them Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. For your reference: NYMEX Crude Oil $0.01 = US$10 Example: From $94.00 to $100.00 (10000-9400) x US$10 = US$6,000
NYMEX:CL1!Education
by konhow
1
US Digs into Oil ReservesOil has made a run for higher levels, testing the next level above $95.24 at $96.88. US oil reserves are at lows not seen since 1984 , as the Biden administration hastily digs into reserves to frantically buoy prices before midterms. Nevertheless, we are still trekking closer to the $100 mark. If we are able to break through $96.88 then $100 is the next target. We should have some resistance there. If things turn south, then $92.03, or $90.06 are candidates for a floor price for now.
NYMEX:CL1!Long
by quantguy
The Jackson hole play - SPX500 USOIL TLT Weat GOLD BTCJackson hole this week may be interpreted as dovish - a sell down today may set up a C leg tomorrow for Powell's speech. Breaking below 4100 and we've got a better short signal on the market. Oil continues it's struggle with 95, no decision yet. Bonds need to reverse soon. Weat looking good but no breakout confirmed just yet. GOld, looking better and could get up to 1850. BTC getting close to 22k resistance again. Good luck
COINBASE:BTCUSD
by the_sunship
4