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Energy Commodities

How to Chart Futures Contracts and Crude Oil's Historic MoveCrude oil traded at -$40 per barrel and that is a historic move. It will go down in the history books. In this video, we want to show everyone how to track and analyze futures on TradingView, specifically future contracts in crude oil CL1! and CL2!. On TradingView, it's possible to study any futures market and break that market down by each month. CL1!, for example, shows the current crude oil contract in front. CL2! shows the next contract in front. You can also dive into specific contracts that go as far as 2021 or 2022 or beyond. This video tutorial is meant to be educational and we hope it helps anyone interested learn more about these markets. It's important to remember that most futures contracts trade based on an expiration date. Then, the contracts roll to the next month after that. As a platform, TradingView gives you the data and tools needed to analyze any of these contracts. The quickest way to getting started is to use the search bar to explore all the possible futures contracts that can be analyzed or visualized on a chart. We hope this video tutorial helps the community get started. Please press like if you enjoyed it and, even better, please leave a comment to add to this discussion. Let's hear your opinion on futures market and the recent crash in crude oil.
NYMEX:CL1!Education
by TradingView
11
Biggest mistakes theory in practice.The biggest mistakes and biggest reasons why traders lose keep being repeated. It is more clear when we can see it actually happen. Here we can see the number of holders as well as the increasing money pour in into an Oil ETF while the price is going down. When it will go up those that didn't hang themselves will break even so remind me to check robintrack. United States Oil Fund number of Holders on Robinhood went parabolic as Oil prices plunged robintrack.net Nosediving right now. Trading was halted for this fund www.streetinsider.com > Stop fighting fundamentals & trends because "it's cheap" or "some indicator" > Stop averaging in losers > Cut your losses You can be sure that when they get lucky and get out in the green (and rapidely take minuscule profits) you'll hear from them, and when they get wiped out on huge losers you'll never hear that story.
NYMEX:CL1!Education
by MrRenev
1
There is a cure. The real reason why it is ignored.Recently someone has digged to find the virus probably started in a lab in Wuhan, and the CCP has tried covering their tracks. Now it is my turn! Almost every one by now must have heard of a cure. And we are told that this problem is very serious and dangerous. So why are we not hearing much of this cure, and why are politicians and the media criticizing it? I found out why ;) First of all I read in a science magazine that a vaccine was ready to be mass produced, but I didn't look into that much, I haven't heard about it in the media except maybe FOX news (wonder why they absolutely dominate ratings and have far more viewers than cnn & msnbc combined). In France you got this genius doctor, Didier Raoult, director of a big infectious disease research & treatment unit. Decorated, renowned worldwide and everything. His team and him have tried antivirals - very well known antivirals that have been used for over half a century on billions of people - and have had spectacular results. And other people that tried this had similar results. On 100% of trial patients. So, what are the odds this is all a coincidence? Very very low. The world is on lockdown and we are said to be facing an emergency, and there is a cure that very likely works wonders. The skeptics that want more tests could have had thousands of tests by now, but haven't done anything like this! This is suspicious. Why would so many be pushing back against this? When the top experts are telling you to just go for it and they swear it works. Well I did my research and I think I found why. You might be shocked. 1- Didier Raoult has been called a "Trumpian that downplayed the virus". Ye apparently he said that a worldwide lockdown was medieval and unecessary. I don't know where the Trumpian comes from. Probably just that he's not part of their TDS club, and Trump has shown alot of interest in the cure. Now, "downplaying the virus" is a complete taboo that sends emotional people into shock. From 0 care to Full Tin Foil hats. 2- This is it. AHEM! Ah, yet another genius world class top scientist past 60 (so has nothing to lose) that is an *drum roll* evil climate denier. Funny how many people in his shoes are part of this "3% of nut deniers". I wonder who I would rather listen to: - Eminent decorated astophysicists, microbiologists, meteorlogists, with 200 IQ that made huge leaps forward, and are climate skeptics - A high school dropout, out of touch politicians that keep screeching "12 years left", celibrities that cannot solve an addition, and Bill Nye the science guy Ye I really wonder who I would rather trust with my life and the future of humanity. 3- He has warned Africans against the dangers of "goodwill charity vaccines". The charitable west wants to use them as guinea pigs. Talking about guinea, here is an article from Ghana (so LITERALLY tested as guinea humans): www.ghanaweb.com Little remark on the side: I think africans are starting to realize they got scammed when they chose socialism and in particular anti business laws. Some european countries are qualified of socialist (france denmark sweden) idk if they are or not but what I know is they do not prevent business finance & markets operate well with no restriction. In alot of african countries it is much harder to start and operate a business than it was in the soviet union. Add to this competition from whites that want to feel better and send free goods "charity is good". Add to this africans looking for jobs/money/a future climbing on boats to come to europe etc. Some african countries have started to change and are more balanced now, some are going in the direction of the far right. If Europe and NA have a depression they won't send charity there to clear their conscience, and africans won't migrate there as much, so without charity doing so much harm to africans, and with their most active youth still at home, the paradigm shift can only accelerate. There might be some far right (not much far left because I think they had it with the far left), there might be some genocides not much we can do about this unfortunatly, wars revolutions etc. Rwanda already had their revolution & genocide (not saying it is a good thing) and started transitioning, and for the past years had close to 10% yearly GDP growth. One of the highest in the world. I've already talked about this. Might already be good investments there, idk if I can forgive rwanda myself. When africa paradigm starts shifting, we will have there countries that are extremely undervalued. In my eyes, the USA are already done. Things should deteriorate, and when there is blood in the street (either us indices down 75% or mega inflation), which should bring down foreign investments too, I expect some extremely cheap and solid companies abroad. So anyway, now you know. A damn arrogant climate denier! And Trump has spoken positively of him! We can't have that! I am glad and proud I have someone like this on my side, and the struggling low IQ prefrontal cortex deprived violently oppose us. Would these TDS sufferers rather DIE than let a "climate denier woooooo" be the hero and get attention? We must make him look bad. They say they care about lives. Doesn't look like it.
CEducation
by MrRenev
7
WTICOUSD - Oil weekly. Is oil ready to pivot?4/17/2020 OIL weekly chart All the talking heads are saying how the C-19 virus destroyed the Oil and etc. The truth is the oil peaked in 2008 and it is looking to be completing a 5 wave structures down. Currently the oil is in 19 handle I can see Oil may go down to the 17 handle I can also say see that Oil met the minimum requirement to begin moving up from this area. EVERYONE was bullish when oil was $130-$140 EVERYONE is bearish now when WTI is $19.xx and USO is at $4
OANDA:WTICOUSDEducation
by Successful_Inv_Strategies
1
Crude clone called Euro?This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil! Understanding the OIL, EUR/USD Correlation Read - chigrl1.wordpress.com Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these sales. Thus the foreign currency reserve balances of these oil exporting countries, in a sense, is broadly reflected by the price of oil. We can see this as reflected in the chart below. Up to 2014, reserves increased notably, and then declined considerably as the price of oil fell. However, data also shows that they invest part of their reserves in EUR, as they sell a large share of their production to the Eurozone. Thus, when the price of oil falls, this means that a smaller portion of USD is transferred to EUR, thus contributing to a depreciation of the currency. Inversely, when the price of oil increases, a larger portion is transferred to EUR, contributing to the appreciation of the currency. For this reason, many funds lock their positions in EUR/USD with those in crude oil. Therefore, it is no coincidence that COT data shows crude oil and EUR in lock step.
Education
by ICFX
Part 2 4.4.20 Part 2 for NEW FOLLOWERS My purpose here is to give you an example of some of the lines I use and I got those lines from very large time frames where most traders will be searching. In addition to that, because of circumstances, when the market hit that line I would've already been filled on an OCO, so I missed that additional profit potential, but if I am following that market real time I know that line would be a good short for a smart scalper... with a relatively small risk and a fairly good reward if you understood market dynamics and how expanding markets with large volatility trade in both directions. It is worth drawing the simple lines, and I gave two more for you that may help you if the market moves higher. If the market doesn't move higher then they won't help you. What I'm really doing is trying to show you value, and to encourage you to draw some of these simple things that I'm showing you so that you can use them to help you read the markets and make decisions when it's time to take a trade. I am selling nothing, and I most likely will not do this indefinitely because I don't want to be a mentor, and because I want to do other things in my life before I lose my chance. The best way to learn is looking at real time set ups in the market while it is available. if you feel the videos have value, please give a thumbs up which will encourage me to make more videos.
TVC:USOILEducation
by ScottBogatin
1
CRUDE OIL (WTI) KEEP CALM! TREND IS STILL BEARISH! hey guys, reading news outlets and ideas on tradingview, the forecasts are all bullish right now! people are urged to buy from any level based on the fundamental news. be very careful! though we truly see a dramatic shift and strong bullish rally this week, don't forget that technically the trend remains bearish! moreover, currently, the price is trading on a key structure resistance level and for now buyers could not break above that and we see a negative reaction. the next safe opportunity to buy will come only after a bullish breakout of the underlined resistance, for now just patiently watch the reaction of the market. it is still possible that next week we may see a perfect signal to short. so no rush right now! good luck and have a great weekend!
FX:USOILEducation
by VasilyTrader
38