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USO

OVX - Crude Oil VolatilityThe current volatility is above historical volatility, traders anticipate higher volatility for Price in the Short to Intermediate-Term. Crude Oil WTI Jan '22 (CLF22) 66.26s -0.24 (-0.36%) Crude Oil WTI Feb '22 (CLG22) 66.10s -0.17 (-0.26%) Crude Oil WTI Mar '22 (CLH22) 65.93s -0.10 (-0.15%) Crude Oil WTI Jun '22 (CLM22) 65.26s +0.02 (+0.03%) Crude Oil WTI Dec '22 (CLZ22) 63.69s +0.26 (+0.41%) _______________________________________________________________________________ Currently, the Term Structure for Crude Oil is in very slight Backwardation. The Teem Structure is flattening somewhat - this will change in time, for now it is in the Confidence Cycle interest to keep things tightly aligned, both Up and Down. CL remains a hostage to further News Cycle surrounding OPEC's attempt to support Price to the best of their abilities within reason. They do not want to spook the Market but instead will attempt stability in the very short term.
CBOE:OVX
by HK_L61
CL - 1 Hour 3/3In attempting to stress the Risks associated I need to step it up... this is the entire Measured Move and RTs for CL into 2022. 85.41 - HIgh 23.6% - 66.7872 38.2% - 55.2664 50.0% - 45.955 61.8% - 36.6436 76.4% - 25.1228 100% - 6.5 Low _____________________________________________________________________ For now, with traders looking for a "Right Shoulder" but waiting for a lower Fill for the reversal... The Trade IS 100% CF, a WAG Trade. _____________________________________________________________________ Traders are afraid to wait, afraid to Enter. Fear is present, everpresent. FEAR _____________________________________________________________________ The rather odd thing, once again... is there a Rush to discover how wrong you could be? I certainly would like to believe not, but am proven wrong every day by the Majority. Gunslinging is an Option, always. We prefer the Bar, where Dirty Monkeys are chill, smoke is thick and Alexandra can find her next soul mate. ______________________________________________________________________ The game has been to run the price up into Lunch SELL thereafter, Launch Globex opens on the right day of the week and pray. We'll bite, but... with extreme caution... the Downside is enormous, the upside contained. Greed will kill a great many here.... both ways. Be Nimble, be quick, and don't anticipate Miracles... they're not arriving. ________________________________________________________________________ CL is a WidowMaker once again.
NYMEX:CL1!
by HK_L61
2
CL - PO Hit during GlobexCrude crossed its Retracement Objective during Globex @ 67.16. 63.73 and 62.42 are now the Lower Range. OPEC Wraps up today. ____________________________________________________________ Currently, the largest influence on Oil is the Equity Complex, it is tracking the NQ closely. Expect VX in CL as it's due for far more, they'll need to squeeze this back up to 68.69 to prevent a waterfall decline. A Break of the LT Trendline is now 64.45 - Price traded it yesterday. ____________________________________________________________ OPEC Meeting began @ 8 PM EST and should conclude this morning with an announcement by 10:30 AM EST to 11:30 AM EST.
NYMEX:CL1!
by HK_L61
2
An Impulse of Intuition, An Ideal time to Sell your Oil 🛢️⛽🖼️Perhaps the seed of Charting Rbob Gasoline Earlier. This Black Gold stuff is a slippery liquid. Oil seems to be stealthy making lower lows & perhaps about to make a lower high. Have to be slick to market time the ole WMD. *Short ideas are SELL ideas only, don't support outright short selling.* Peek the detailed breakdown notes in the high def chart links below : TVC:USOIL AMEX:USO LSE:PBRT NYMEX:CL1! TVC:UKOIL NYMEX:BB1!
TVC:USOILShort
by d-MR96nBa
4
Has Oil's uptrend come to an end?My short answer is no. Oil hasn't peaked yet in my opinion, although in the short term it might chop between 63-77$ before a big breakout. As OPEC+ has decided to increase production, we might slowly see the effects of that + there are some general deflationary pressures like new Covid strains and endless lockdowns that might push oil lower in the short term. However in my opinion due to the ESG movement and the climate change proponents in general, the underinvestment in oil + forced production cuts due to protests might limit supply so much that if demand slowly increases the price of oil could skyrocket. Technically Oil is still in an uptrend and its more than a decade long bear market has come to an end. Speculators were flushed out but oil has manage to hit some key levels which if broken might attract more speculative capital in the market. Above 77$, 90$ is a very easy target and we could see it go even to 100$+. In the short term if there is a panic across all markets and we get a strong dip everywhere, I think oil could get to 42-55$, which in my opinion would be an incredible opportunity. Oil around 50$ is ok for allowing for more global growth, but it is also signaling slow growth. Low oil prices could translate in lower bond yields which would mean deflation which would allow the status quo to remain.
TVC:USOIL
by BitcoinMacro