Get started
Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

CL-OIL trade ideas

USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67.101. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
2
WTI - Bearish 1Hour Divergence. Daily Trendline Tested. Market Analysis: Asset: WTI (US Oil) Timeframes: 1-Hour: Bearish divergence observed, suggesting weakening bullish momentum. Daily: Trendline resistance tested and validated with three touchpoints, reinforcing its strength. 2. Divergence and Trendline Details: Bearish Divergence: The price is making higher highs on the 1-hour chart, while oscillators (RSI, MACD) are making lower highs, signaling potential reversal to the downside. Trendline Resistance: On the daily chart, the trendline has been tested three times, confirming a strong resistance area. 3. Trade Setup: Entry Point: Enter a short position once a bearish confirmation candle forms on the 1-hour chart (e.g., bearish engulfing or shooting star). Alternatively, use a sell stop order just below the most recent 1-hour low to confirm the downward momentum. Stop-Loss: Place the stop-loss above the recent swing high on the 1-hour chart to account for potential volatility near resistance. Take-Profit: Aim for a 1:2 or higher risk-reward ratio. Target key support levels or Fibonacci retracement zones on the 4-hour or daily chart. 4. Risk Management: Position Size: Calculate based on the distance between entry and stop-loss, risking no more than 1-2% of trading capital. Risk-Reward Ratio: Prioritize setups with at least a 1:2 risk-reward ratio to ensure favorable potential outcomes. 5. Additional Confirmation: Volume Analysis: Look for decreasing volume as the price approaches the resistance trendline, signaling reduced bullish strength. Support-Resistance Levels: Ensure targets align with well-defined support zones from prior price action. 6. Trade Execution: Place Orders: Set a sell order with predefined stop-loss and take-profit levels. Monitor for bearish momentum indicators, such as trendline rejection or break of lower time-frame support. Adjust Stops: If the price moves in your favor, trail the stop-loss to lock in profits as the trade develops.
FX:USOILShort
by MAAwan
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading. At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again. Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
TVC:USOILLong
by Trader_Marvin
1
WTI crude oil Wave Analysis 6 December 2024 - WTI crude oil broke support zone - Likely to fall to support levels 66.6 and 66.00 WTI crude oil today broke the support zone lying at the intersection of the support level 67.60 and the support trendline of the daily Triangle from September. The breakout of this support zone should add to the bearish pressure on WTI crude oil in the coming trading sessions. Given the strong multi-month downtrend, WTI crude oil can be expected to fall toward the next support levels 66.6 and 66.00.
FX_IDC:USDWTIShort
by FxProGlobal
Crucial Week For Crude Oil As OPEC Meeting And Key Data LoomCrude oil prices have come off their earlier highs after starting the day brightly following some stronger-than-expected activity data out of China at the weekend. This could be a pivotal week for the crude oil market. With key US economic data on the horizon and the OPEC+ meeting later this week to discuss oil production targets, market participants are bracing for significant developments. Persistent concerns over demand and rising supply from non-OPEC sources have pressured prices. So, unless OPEC+ makes a substantial announcement, it’s unlikely that another delay in planned production increases will offer long-term support to prices.
TVC:USOIL
by Exness_Official