FRESH BREAKOUT ALERT – LIGHT CRUDE OILiSpark has detected a fresh breakout on Crude Oil.
📍 CMP: 63.33
📈 Go Long from CMP
🛡️ SL: 63.00 – 62.75
🎯 Targets: 63.75 / 64.25
As always, follow strict risk management and watch for momentum near resistance.
Risk Reward is highly Gavourable
#CrudeOil #iSpark #Breakout #CommodityTrading
Crude Oil Going Higher - TA and fundamentals aligneThe 0-5 count is not over yet.
Sudo 4 and 5 are still lurking.
It's good to see how the Medianline-Set cought the Highs of the swings. Likewise we can see the subborn rejection at the Center-Line at P3.
I will not trade CL to the short side, until it's clear that P4 is engraved in this Chart. Unti
Light Crude Oil Daily Double Bottom Bullish Reversal Trade Plan
Price has formed a clear Double Bottom pattern with a neckline as current Temporary Resistance.
• ✅ Entry is triggered only after a confirmation candle breaks above the neckline.
• Buy Stop is placed below the neckline to catch the momentum move.
• Stop Loss is at the recent lower Low (safe and l
WTI Crude Oil: Trade Idea Context and SetupOur Long trade idea has already reached its target at 5921.75 in ES futures.
If you missed it, here’s a link to our article from the start of the week:
Note that, our entry was at 5861, while our stop was at 5837 in the example trade idea. The maximum low price was 5835.75 during Monday’s overnig
Oil Rebounds to $59 as US Inventories Drop – Reversal Ahead?After recent declines, crude oil futures (CL1!) staged a modest recovery during Thursday’s session, trading near $59.10 per barrel. The rebound comes as US crude inventories unexpectedly dropped, easing concerns about oversupply and providing a short-term lift to prices.
Key Drivers Behind the Reb
MCX Crude Oil Hourly/ Monthly PredictionAs shown in the attached chart, MCX Crude Oil performed well under 1 hourly chart always.
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Oil prices (WTI) remain bearish below $65Introduction: In a market analysis we brought you in mid-April, we explained that the price of US crude oil on the commodities market had broken a pivotal technical level, the price of $65 per barrel of Texas crude oil (WTI). As the benchmark for the price of black gold in the United States, this f
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Oil's (CL) Rally Likely to Stall, Signaling Deeper LossesThe current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wav
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of WTI Crude Futures is 62.54 USD — it has risen 0.81% in the past 24 hours. Watch WTI Crude Futures price in more detail on the chart.
Track more important stats on the WTI Crude Futures chart.
The nearest expiration date for WTI Crude Futures is Dec 18, 2031.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell WTI Crude Futures before Dec 18, 2031.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for WTI Crude Futures. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of WTI Crude Futures technicals for a more comprehensive analysis.