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WBS1! trade ideas

Liquidity Hunt: Crude Oil's Next TargetFenzoFx—Crude Oil remains below the $64.19 resistance level. The Stochastic Oscillator is in overbought territory, and RSI 14 signals bearish divergence, suggesting a possible price dip. Oil could briefly surpass $64.19 to grab liquidity before facing selling pressure. In this case, a drop toward the $61.72 support level may occur to fill the bullish fair value gap. However, if Oil stabilizes above $64.19, the bearish outlook becomes invalid. >>> Trade Crude Oil without swap and low spread at FenzoFx
NYMEX:CL1!Short
by FenzoFxBroker
WTI(20250613)Today's AnalysisMarket news: The number of initial jobless claims in the United States for the week ending June 7 was 248,000, higher than the expected 240,000, the highest since the week of October 5, 2024. The monthly rate of the core PPI in the United States in May was 0.1%, lower than the expected 0.30%. Traders once again fully priced in the Fed's two interest rate cuts this year. Technical analysis: Today's buying and selling boundaries: 66.96 Support and resistance levels: 69.10 68.30 67.78 66.13 65.61 64.81 Trading strategy: If the price breaks through 67.78, consider buying in, and the first target price is 68.30 If the price breaks through 66.96, consider selling in, and the first target price is 66.13
NYMEX:CL1!Long
by NuggetsWarriors
Crude Oil Breaks out of Channel More Upside Ahead?Hey traders so in continuation of the last post which was Can Crude Oil Close above $68? The answer is YES that didn't take long. 😁 One rule to live by that I have learned as a trader is Always Expect the Unexpected in Trading! So I bored out of my mind watching paint dry and then all of sudden Boom out of nowhere news that changes everything can happen in the blink of eye in these markets! So what Happened Opec? Iraq? Inventory Reports? Well truthfully it great to read to the news but I prefer to read the charts instead. The charts are already showing you that demand has increased so regardless of if you caught the news yesterday or not the charts have already told the story. Ok so now what it has closed above $68 which a strong bullish candle on 06/11 so did we miss the move? Not at all especially if this is the beginning of new trend so best way to trade the break out of a channel is watch for it to retest the breakout zone. So the breakout zone on the charts was $65 but now at $68 so if we can get a retest of $65-66 I believe it would be a great place to buy back in this market. Like I always say don't chase the market let it come to you. The party has already started but that doesn't mean you missed the party. We might get a second invitation at $65 or $66 so if trading this market place a buy order around there and stop loss somewhere below support and half way in the channel around $62-63 below to give the market room to breathe. What if we don't get a retest? Well thats how it is sometimes I would rather wait for the market to pullback then enter at the highest price of the move. I have missed moves sometimes because of this disicpline but sooner or later eventually the profit taking will bring it back down. Patience is key imo unless you don't mind buying at the high. Also Seasonally Oil Prices normally get increased demand due to the summer driving season. I will say sometimes there are fake channel breakouts to watch out for but this one looks bullish imo. Always use Risk Management! (Just in case your wrong in your analysis most experts recommend never to risk more than 2% of your account equity on any given trade.) Hope This Helps Your Trading 😃 Clifford
NYMEX:CL1!Long
by TradeTheIndex
WTI(20250612)Today's AnalysisMarket news: ① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States in May reached a record high of US$23 billion, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached. Technical analysis: Today's buying and selling boundaries: 66.02 Support and resistance levels: 69.56 68.23 67.38 64.66 63.80 62.47 Trading strategy: If the price breaks through 67.38, consider buying in, and the first target price is 68.23 If the price breaks through 66.02, consider selling in, and the first target price is 64.66
NYMEX:CL1!Long
by NuggetsWarriors
Will there be a big rise in oil prices? WTI crude futures rose to around $66.1 per barrel on Tuesday, continuing gains for the second consecutive session, as ongoing geopolitical tensions fuel concerns about a possible reduction in global supply. Russia and Ukraine held a second round of direct peace talks after the sharp escalation of hostilities the previous day, but the discussions failed to produce any significant progress in resolving the three-year conflict. Further intensifying supply concerns, a wildfire in Alberta, Canada, forced a temporary halt to oil and gas production. Meanwhile, OPEC+ kept its July production increase at the same level as the previous two months, easing fears of a supply surge. In addition, an Iranian diplomat said on Monday that Iran is ready to reject the US proposal to resolve the decade-long nuclear dispute, saying it does not meet Tehran's interests or change Washington's position on uranium enrichment. A fire in Alberta, Canada, caused a temporary disruption in oil and gas production, raising further concerns about supply. Meanwhile, OPEC+ decided to keep its July production increase at the same level as in the previous two months, easing concerns about oversupply. Last week, OPEC+ decided to increase its combined production by an additional 411,000 barrels per day. The decision was made following expectations of a more significant increase that had affected energy stocks ahead of the group's latest meeting. The increase was less than expected, which had a positive impact on prices, which continue to rise. For investors in the oil sector, the worst fear is a possible repeat of a price war like the one in 2020, which led to a drastic collapse in oil prices. This scenario is unlikely, as the US cannot afford an oil price below $50. In fact, $50 represents the break-even point for the oil sector. This situation is leading the US and Saudi Arabia towards a more cautious approach, which is why the expected significant increase in oil production did not occur last week. A further positive sign for oil prices emerges from the analysis of the futures curve, which is currently in backwardation. Backwardation is a condition in which forward prices are lower than the current spot price, resulting in a downward slope of the forward curve. As the contract expiry date approaches, the differential between the spot price and the forward price tends to narrow, causing the curve to converge back towards the spot price. The conditions of the futures markets are: Normal market (contango): balanced supply and demand. Weak demand and excess supply: amplification of contango. Excess demand: reduction in contango to backwardation, where the difference between the near and far prices can theoretically increase indefinitely. The recent rises, supported by above-average volumes, indicate that only exceeding the 200-period moving average could trigger a strong long trend with a target of $70 per barrel. Recent geopolitical tensions suggest the possibility of a bullish move on oil. Iran has increased its stockpiles of enriched uranium to near weapons-grade levels in recent months, raising further doubts about the possibility of reaching an agreement with the US on Tehran's nuclear program. Sanctions and restrictions on global oil supply will favor an increase in prices. Tensions between Russia and Ukraine continue, with mutual attacks instead of negotiations. We expect oil prices to be around $70 in the next quarter.
NYMEX:CL1!Long
by Antonio_Ferlito
WTI(20250609)Today's AnalysisMarket news: Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year. Technical analysis: Today's buying and selling boundaries: 63.43 Support and resistance levels: 65.29 64.60 64.14 62.71 62.26 61.56 Trading strategy: If the price breaks through 64.14, consider buying in, with the first target price of 64.60 If the price breaks through 63.43, consider selling in, with the first target price of 62.71
MATBAROFEX:WTI1!Long
by NuggetsWarriors
Weekly Market Forecast: BUY Stock Indices & Oil! Sell Gold! In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 9 - 13th. Stock Indices are looking more bullish. Valid buys only! Gold is weak. Sells only until there is a market structure shift upwards. Oil prices have room to go higher. Buy it. Silver is a wait and see. Should start to pull back this week, as it closed last week stronger than Gold. CPI Wednesday. After the news is announced, the market should be very tradeable for the rest of the week. 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.
NYMEX:CL1!
by RT_Money
WTI(20250606)Today's AnalysisMarket news: The European Central Bank cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year. Technical analysis: Today's buying and selling boundaries: 62.58 Support and resistance levels: 63.97 63.45 63.12 62.05 61.71 61.19 Trading strategy: If the price breaks through 63.12, consider buying, and the first target price is 63.45 If the price breaks through 62.58, consider selling, and the first target price is 62.05
NYMEX:CL1!Short
by NuggetsWarriors
Short Crude Oil for The LeapRisk free trade for $100 on MCL Scaling out of the trade from 4 hour supply to 4 hour demand. Using the TrendCloud Trading System and it's working great. So far I'm in the top 7% for this competition. Focusing on managing this crude oil trade and also the opening range on the MNQ and NQ Huge win on day 1 for $4000 on NQ opening range using the TrendCloud Trading Strategy. Backtesting data shows great results. Super proud of this. It took me a month to program everything properly and optimize specifically for the NQ.
NYMEX:MCL1!Short
by thechrisjuliano
Crude oil----sell near 64.00, target 63.00-60.00Crude oil market analysis: Yesterday's crude oil still failed to rise. The buying price still failed to stand above 65.00 and was still fluctuating. Today, we continue to look at the range wave. We still consider selling it when it is close to 64. The crude oil inventory data does not give us much room for imagination. In addition, the recent fundamentals of crude oil are not strong, and they do not support the long position of crude oil, which has caused crude oil to fluctuate and hover. The current fluctuation range we see is 65.00-60.00. Operation suggestions: Crude oil----sell near 64.00, target 63.00-60.00
NYMEX:CL1!Short
by NuggetsWarriors
#202522 - priceactiontds - weekly update - wti crude oil futuresGood Day and I hope you are well. comment: 3 weeks inside a tight range but market keeps getting rejected under the weekly 20ema and it’s consecutive bear bars now. Below 59.8 I favor the bears for more downside. current market cycle: monthly time frame is a broad bear channel - weekly tf is a bear wedge - daily is a trading range key levels: 55 - 64 bull case: Bulls need a daily close above 64 to retest the bear trend line of this big bear wedge from the January high 78.1. That’s the whole story for now. Market oscillates around 61 without any momentum, so buy low, sell high until it stops working. Invalidation is below 59.8. bear case: Bears need a daily close below 59.8 for more downside but market has been pretty much in balance for 3 weeks around 61. Problem for the bulls is, that we closed lower again and the tails above the weekly bars are much bigger than the ones below bars. So bears are slightly favored but only very slightly. Invalidation is above 64.4 short term: Neutral. Playing the range until it stops working but mostly only small scalps. Market is likely waiting for an end to the tariff madness which might not come. medium-long term - Update from 2025-05-25: Need a clear break of the trading range 54 - 64 before we can come up with new targets. Bear trend (wedge) is valid until the trend line breaks.
NYMEX:MCL1!
by priceactiontds
Oil Bears May Look to PounceCrude oil futures have teetered for weeks, and the bears may be getting ready to pounce. The first pattern on today’s chart is the sharp drop in early April after President Trump announced higher-than-expected tariffs. CL1! quickly broke the 65.27 level where it bounced in September and early March. Prices have stayed there since, which may reflect a lack of buying interest. Second is the recent consolidation zone above the May 8 high of 60.29. Could a close below that level trigger selling? Third, prices have remained consistently below their 50-day simple moving average since early February. That may suggest the intermediate-term trend is bearish. Finally, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. That may suggest the short-term trend is getting bearish. These patterns could be important to watch heading into this weekend’s OPEC+ meeting. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYMEX:CL1!
by TradeStation
CL Trade Idea – Waiting for Buy Reaction in Demand Zonem currently watching Crude Oil Futures (CL) closely. Price has broken below my EMA and is heading toward the demand zone marked in green . I’m not rushing in — waiting patiently for price to reach that zone and give me a reaction. 📌 What I'm Looking For: A clear bullish reaction within the zone. Volume confirmation showing buyer intent. Order flow alignment (buyers stepping in, absorption, or reversal signs on the tape). If all three line up, I’ll look for a long entry from that area targeting previous resistance levels. Let’s see if buyers show up at the right spot. No confirmation = no trade.
NYMEX:CL1!
by prolivetrader