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Cl1

USOIL - back to the 80'sIt looks like both the markets and OIL will come down over the next day or two before a final rally up (SPX to 4250 area) and then a bigger move down for both into the fall. For Oil, this means 90 should get broken and then I would expect a kickback rally up to test 92-94 again. At that point, oil should be a solid short opportunity. That 92-94 area, being remarkable support for the last few weeks should be equally stiff resistance. Target for oil - low 70's sometime in the fall.
NYMEX:CL1!Short
by the_sunship
Light Crude to jump up a notch. CL1!Technically X Wave, possibly backed by increasing demand ahead of the Winter seasons in Europe and the Russians playing games in the export market. All this might result in continued increase in gas prices locally or globally. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYMEX:CL1!Long
by Rykin_Capital
Oil Presses LowerOil has fallen deeper into the high $80's following a selloff that broke monthly lows. We had very strong support at $92.03, and appeared to be seeing a double bottom forming, but the selloff knocked oil back a peg, smashing through multiple technical levels below in a persistence selloff that has taken us back to support at $87.21. We are seeing a green triangle forming on the KRI, but the selloff does seem persistent. We should have further support from $85.55 and $84.75. If we see a relief rally, the $90's should provide resistance.
NYMEX:CL1!Short
by quantguy
WTI: Doooown…After one last surge, WTI has jumped below the support line at $92.93, its shout echoing through the chart. Now that it has begun the descent, it should continue it into the blue zone between $81.16 and $77.55, where it should finish wave 3 in blue. Alternatively, there is a 35% chance that WTI could gain upwards momentum again and could make it not only back above $92.93 but also above the resistance at $101.88. In this case, it should pursue the ascent above $105.24 and into the turquoise zone between $107.12 and $116.59 first before moving downwards.
NYMEX:CL1!
by MarketIntel
OIL8. 2. 22 This is a follow-up on oil. I want to show you how to assess the market a little more objectively, and manage your trade decisions when you have more information. I would be a buyer in this market yesterday. Today is a little bit more complicated, and probability is working against my long position even though the market has not yet taken out Support. I'm trying to make a probability assessment in a market based on the market, and not on my fear of losing money. Not just that, the market has a chance of moving to my initial target which is about $3,000 hire did my entry...And I don't want to miss that reward. Near the end of the video I'll tell you why I think this kind of scenario happens more often than not for Traders.
NYMEX:CL1!
by ScottBogatin
1
CRUDE OIL (WTI) Your Trading Plan For Next Week 🛢 WTI Crude Oil is approaching a resistance line of a falling parallel channel on a daily. To catch a trend following move, wait for a bullish breakout of its resistance. You need an hourly candle close above that to confirm the breakout. A bullish continuation to 103.8 level will be expected then. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
10
Oil7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could have made a lot of money after the video, put the market Was volatile, which is good if you're Trading is the right direction. He was a fast market, and that's good if you can handle that kind of a market. Take a look and see what you see.
NYMEX:CL1!
by ScottBogatin