Get started

Crude Oil WTI

Crude Opportunity Part 2In this second part, the Crude Futures Daily chart is used. In this chart, there are marked points where the SuperTrend Buy signal is triggered and is coincided by a green Rate of VolDiv (RoVD, bottom panel). There is one on 8 October but there was no comcomitant indication and clearly it "failed". The others that fulfilled the condition are marked with a yellow time line. So clearly, the recent breakout is projected to have something similar in terms of a bullish rally. This is in line with the weekly outlook. Together with technical indicators like the RoVD, as well as the MACD where there is a clear breakout support, Crude appears to have much upside potential. However, there is no rush as it just met the trendline resistance and is expected to pull back a bit to retest and breakout again for the longer term. Overall, this looks not like a spike out of fear, but one spurred by inflation. This is in the MUST WATCH list for sure and an accumulation plan should be in place. A projected path is drawn as a guide and the target for Crude is 100-105.
NYMEX:CL1!Long
by Auguraltrader
Pre-Market Analysis for Nasdaq, Oil, and Gold Futures The Nasdaq closed higher with an upper wick on the daily chart. As mentioned previously, this week is expected to show buying pressure at the beginning, followed by selling pressure towards the latter half. After the 240-minute chart's buy signal, the daily chart's MACD is moving closer to the Signal line, indicating buying momentum. However, achieving a complete golden cross appears challenging due to the divergence and angle. The 21,900–22,000 range is considered a short-term high zone, where the market might either sharply drop after forming an upper wick or move sideways before failing the golden cross, leading to a downward shift in the MACD and a subsequent sell-off. Notably, Nvidia, which has been driving the current index, continues to show strength. Monitoring Nvidia's previous high as a resistance point will be crucial. While the 240-minute chart exhibits strong buying pressure, the steep angle of the recent surge suggests that managing risk and opting for selling opportunities near the highs—rather than buying on dips—would be more advantageous. Additionally, keep an eye on key economic indicators such as the ISM Services Index and JOLTS report, which are scheduled for release today. Crude oil closed lower with an upper wick. Given its recent rapid surge, crude oil's daily chart shows significant divergence from the 5-day moving average. It is advantageous to focus on selling at the highs in this scenario. If the price pulls back to the 240-day moving average, observing whether it finds support will be critical. This week, oil could pull back to the 3-week moving average on the weekly chart and then rebound. Therefore, caution is advised against chasing the rally, and selling near previous highs would be prudent. However, buying on dips near the 3-week moving average could present an opportunity. On the longer-term 240-minute chart, a bearish candlestick at the high has triggered a sell signal. It would be wise to anticipate potential sharp declines and prioritize selling during rebounds. For buying opportunities, it is recommended to act cautiously and at significantly lower levels. Gold closed lower with a lower wick. Ahead of Friday’s non-farm payroll data, gold is likely to remain range-bound in a consolidation phase. On the weekly chart, gold faces resistance from moving averages, and this week’s key data releases may determine its trend. On the daily chart, while a buy signal was generated, gold failed to make a significant surge, leading to the MACD and Signal line moving sideways. With market flows becoming more uncertain, a range-bound strategy is advisable. On the 240-minute chart, gold could form a triangular consolidation pattern in the short term. Until Friday, trading within a range would be the most effective approach. The weather has turned colder with a cold wave sweeping in, and flu season is here. Please take care of your health, and I wish you successful trading today! ■Nasdaq - Range-bound Market -Buy Levels: 21,660 / 21,565 / 21,495 / 21,450 -Sell Levels: 21,885 / 21,940 / 22,005 / 22,045 / 22,110 ■Oil - Bullish Market -Buy Levels: 72.80 / 71.90 / 71.00 -Sell Levels: 73.60 / 74.20 / 74.85 ■Gold - Range-bound Market -Buy Levels: 2,641 / 2,635 / 2,625 -Sell Levels: 2,652 / 2,658 / 2,666 / 2,672
CME_MINI:NQ1!
by Futureguard
Today and Weekly Outlook for Nasdaq, Crude Oil, and Gold FuturesNasdaq Analysis Yesterday, Nasdaq closed higher on the daily chart. It formed a double bottom near the 21,000 level and rebounded, entering a consolidation range near the moving averages. The MACD remains above the zero line, and the Signal line is also above the zero line, suggesting the potential for another upward attempt this week. However, due to the significant gap between the MACD and Signal lines, there is a high possibility of a failed buy attempt followed by a downward move. If the MACD shifts downward, a break below the 60-day moving average could occur. On the weekly chart, no sell signal has emerged yet, but the MACD and Signal lines are closely aligned. This week may determine whether the weekly chart enters a third wave of buying or declines into a death cross. The 240-minute chart currently shows a buy signal, indicating that the market may focus on buying at the start of the week, with a potential shift to selling later in the week as the MACD leans bearish and a third wave of selling emerges on the 240-minute chart. It is advisable to consider support and resistance levels based on daily moving averages and respond to key levels in the longer-term range. Crude Oil Analysis Yesterday, crude oil continued its strong upward trend and closed higher. The price has posted five consecutive bullish candles, with the short-term peak near $74 serving as a resistance zone. A pullback to the 5-day moving average should not be ruled out. On the weekly chart, crude oil formed a large bullish candle, breaking through major resistance levels like the 60-week and 120-week moving averages in one move. Buying near the 72.80 level, which corresponds to the 3-week moving average, is favorable during pullbacks, and maintaining support at the midpoint of the weekly bullish candle will be crucial. The 240-minute chart also reflects strong buying momentum. Above $74, a short-term sell with stop-loss protection is advisable, while aggressive buying during pullbacks below the 5-day moving average on the daily chart is favorable. This is a typical pattern transitioning from bearish alignment to bullish alignment, so caution is advised when considering selling. Gold Analysis Gold closed lower yesterday with a bearish candle. Combining Thursday and Friday’s candlesticks, a doji pattern emerges. If gold fails to break above the 60-day moving average on the daily chart and tilts downward, the key support level at 2600 will be critical. On the weekly chart, the sell signal remains intact, with strong resistance around the 10-week and 20-week moving averages. If gold cannot strongly break through this resistance, a pullback should be anticipated. Although the daily chart confirms a buy signal, the movement lacks significant momentum, leaving room for a swift erasure of the buy signal and a shift to selling this week. On the 240-minute chart, gold is facing resistance at key support/resistance levels. While the pattern can be viewed as a range-bound box, a sell signal on the 240-minute chart could lead to strong selling momentum following a false breakout. Adopting a range-bound strategy with a focus on selling is advantageous. This Week's Outlook This week, major events such as CES 2025, the release of FOMC minutes, and the Nonfarm Payroll report are on the agenda. Additionally, next week’s CPI is within view. Be cautious around key events and data release times to manage risks effectively. Wishing you a successful trading week!
CME_MINI:NQ1!
by Futureguard
1
#WhatsTheTicker Your Asset, Our Expertise: Technical/Fundamental Bring the Energy! 🚀 ✨ We invest hours uncovering potential opportunities and crafting insightful ideas just for you. Your support fuels our passion for creating value for the Trading/Investing community! ✅ Like ❤️ and Follow 🌟 for more actionable insights and expert analysis. ⚠️ Stay Agile: Markets shift quickly, and even the best signals can face strong, fast-changing trends. Best regards, DCAChampion
Long
by DCAChampion
6
Crude Opportunity Part 1Previously, heads up about BTCUSD and it was pretty spot-on. Oddly enough, CRUDE OIL CL1! is next. For the first part, here we look at the marked time lines, and the effect after these time lines. 5 of the last 6 times, saw a bullish rally. Of these, 4 of the 5 occasions had the Rate of VolDiv (custom indicator) trend changed for an uptick. In essence, the current weekly Crude Oil Futures CL1! show a similar set up ready for a spike and rally for Crude Oil. No fundamental reason (yet) but the technicals are projecting a billish scenario based on the technical set up. Part 2 will look more in-depth and zoom into the recent time frame... Stay tuned if you are keen...
NYMEX:CL1!Long
by Auguraltrader
WTI Oil H4 | Falling to overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 72.65 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 71.10 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 75.13 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
Possible strong trend change in oilOil is at a critical chart crossroads with the Light Crude Oil contract flirting with an upward break of the strong long-term downtrend line “K” that has been passing through the $73 area in the last two sessions. On Friday morning when the article was written, the contract was trading at $72.90. A possible now confirmed upward break of this line will make it difficult for the contract’s sellers as it will have the power to open the way to $76. Above that, the price of $80 per barrel will “flash”. On the other hand, however, the apparent inability of oil to pass above $73 and the “K” will mark a third consecutive exhaustion peak, pushing the contract back below $69. It is of course best not to attempt to push oil prices above $76 because it will begin to "undo" the positive scenario of further weakening inflation.
NYMEX:CL1!Long
by manthos
CRUDE OIL // long after correctionThe market has managed to stay above the monthly impulse base (orange), and the weekly/daily has turned up. The daily has reached the target fibo 138.2 with an impulse, therefore, I expect a countertrend here on H4/H1, and I want to go long after that countertrend breaks. The target is the monthly breakdown and the daily target fibo 200. ——— EXPLAINING COLORS Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: H4 - aqua Daily - blue Weekly - purple Monthly - magenta ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
FX:USOILLong
by TheMarketFlow
USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.
TVC:USOILLong
by AndrewsMarket-Mastery
Weekly Market Forecast Jan 6, 2025This is an outlook for the week of Jan 6-10th. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move higher, with the possible exception of the DOW. The metals will underperform against a strong USD, which remains so in the near term. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
2
WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast: (Daily Time-frame) While the price is above the support 64.00, resumption of uptrend is expected. Technical analysis: A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected. Take Profits: 68.80 72.27 75.44 77.92 80.10 83.96 87.00 93.80 100.80 109.19 126.35 💡 Short Term forecast: (H4 Time-frame): The bullish wave is expected to continue as long as the price is above the strong Support at 70.53 Forecast: 1- Correction wave toward the Buy Zone 2- Another Upward Impulse wave toward Higher TPs SL: Below 70.53 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:WTILong
by ForecastCity
8
Crude Oil (WTI) Bullish Breakout – Eyes on $78.47!🚀 Crude Oil (WTI) Bullish Breakout – Eyes on $78.47! 🚀 📊 Trade Setup: Entry Price: $73.12 Take Profit 1: $73.99 Take Profit 2: $76.20 Take Profit 3: $78.47 Stop Loss: $71.21 (below key support zone) 📈 Analysis: After months of trading in a range, WTI Crude Oil has broken above the upper boundary of the channel , signaling a bullish breakout. This breakout is supported by: 1️⃣ China's Economic Optimism: Growth pledges and potential stimulus are boosting demand expectations. 2️⃣ Technical Momentum: Key resistance at $71.50 and $74 has been breached, opening the path toward higher targets. 3️⃣ Tight Weekly Chart Range: A big move was anticipated, and the bulls delivered! 🎯 Targets: With momentum on our side, we’re targeting: $73.99: Quick resistance retest. $76.20: Alignment with prior highs. $78.47: Major resistance and breakout zone. 🔹 Risk Management: Stop loss at $71.21, well below the key support zone, ensures controlled risk in case of reversal. ⚡ Are you riding the breakout, or watching from the sidelines? Let me know your thoughts below! ⚡
NYMEX:CL1!Long
by ValchevFinance
Oil Bulls Go for the Break into Yearly OpenOil prices are threatening a major breakout here after clearing resistance yesterday at the objective 2024 yearly open near 72.14 . The focus is on todays close with respect to the 61.8% retracement at 73.90 . A daily close above would keep the focus on a possible rally towrads the 78.6% retracement at 75.89 and the October high-close at 77.25 - note the highlighted slope confluence (look for a larger reaction there IF reached). Initial support back at 72.14 with bullish invalidation now raised to 71.02 . MB
TVC:USOIL
by FOREXcom