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Cl1

Crude Oil may fall rapidly to the 85 to 92 zone supportCrude oil futures CL1! Is making an ABC zigzag correction & may reach 92 where A=C. 88 is the 0.618 Fib retracement while 85 is the Nov2021 Top. This strong support zone will enable crude oil to retest the blue upchannel base before resuming rally thru 2022. Crude oil is falling due to recesion fears & demand destruction. This should be temporary due to the supply issues created by the invasion & sanctions which will not go away soon. Not trading advice
NYMEX:CL1!Short
by xtremerider8
Oil Maintains Broad RangeOil rejected 113, and came crashing down through support at 106. It penetrated the vacuum zone between 101 and 106, but has since found support around 104, confirmed by green triangles on the KRI. We have subsequently seen a pivot back to 108, but appear to be finding resistance confirmed by a red triangle on the KRI. If momentum continues then the next target is 111. It is likely that we will begin to equilibrate in the broad range between 101 and 113, so watch these levels for a potential mean reversion trade.
NYMEX:CL1!
by quantguy
USOIL 30th JUNE 2022The Organization of the Petroleum Exporting Countries and allied producers are expected to confirm as a mere formality their decision to expand oil production by 650,000 barrels per day in July and August. The OPEC+ group of producers including Russia, began two days of meetings on Wednesday, though sources said there was little prospect of agreement to pump more oil. The net drop in crude oil inventories was flattered by SPR (Strategic Petroleum Reserve) releases, while the gasoline stock jump is because U.S. refineries are running at over 95% capacity
TVC:USOILShort
by DNP-FX
CRUDE OIL (WTI) Your Detailed Trading Plan For This Week🛢 As you remember, traders, we spotted a confirmed bearish breakout of a rising parallel channel on WTI last week. Now, we see its retest. Watch a minor rising trend line on 4H. Its bearish breakout will be your confirmation to short. You need a 4H candle close below that to confirm the breakout. The market will most likely drop to 102.8 / 100.0 levels then. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
22
USOIL 27th JUNE 2022World crude oil prices tended to be bearish, continuing the correction a week earlier, amid the aggressive United States central bank in raising its benchmark interest rate. Oil prices have been rising since last year and hit a record high this year on March 8, 2022 when Russia invaded Ukraine. The weakening of oil prices is the uncertain demand prospect from China. Although the spike in Covid-19 cases has been contained, it is still unclear how quickly Chinese businesses will be able to recover. USOIL H1 USOIL D1 - JUNE
TVC:USOILShort
by DNP-FX