Oil Futures forum
CRUDEOIL1! "There is no need to fear, we are with you."CRUDEOIL1! view my profile or contact usCRUDEOIL1! hello traders good morning all of you
USOIL There is no more news to influence the trend of oil prices. It also needs to rely on tomorrow's news to boost or suppress. From the chart, it shows a triangular consolidation stage. There is a probability of a short-term impact tomorrow. Everyone should remember to pay more attention to risk control when trading.Tomorrow I will announce some oil trading opportunities within the analysis circle. If you don't know how to trade, remember to keep referring to some valid data, including real-time trading opportunities.
MCL1! WTI3! CRUDEOIL1! WTI1!
MCL1! Oil long. Target 68.57, stop at 67.48. Swinging overnight
MCL1! Its worth a note to have a look at the inside bar that formed on the daily timeframe, we might see some movement, my guess is to the upside but wait for the break of the high or low of the inside candle
CL1! Looks like grabbing the liquidity and stop losses being hitUSOIL USOIL: With the decline of last week's news, it has become a blow. The restrictions on the export of oil from Iraq, a major oil country, have led to an increase in market demand, which has led to a short-term rise in oil prices. The news has not been released yet, and Trump has not continued to mention this matter. As a short-term strategic reserve resource, oil will rise when market demand rises. It is only a matter of time before oil prices rise. In the short term, we need to pay attention to whether the oil price of 67.5-68 can be stabilized. In terms of trading, buying at low levels is still the main strategy.Just follow the accurate signals to trade,
WTI WTI1! CRUDEOIL1! WTI3!
MCL1! ,, This is an updated WTI Crude Oil Futures chart showing a significant price recovery, now trading at $67.09 (buy) vs $67.03 (sell). The chart provides a longer-term view with important technical developments.Key observations:
The price has recovered back above the critical $67.00 psychological level
There's a recent bullish rectangular consolidation pattern visible just above the $66.00 level
The price has broken above the descending red trendline that was previously containing the downtrend
For Monday's price action, I see these possibilities:
Primary scenario: A continued move higher toward the $68.19-$69.76 resistance zone. The breakout above the descending trendline combined with the bullish consolidation pattern suggests momentum may be shifting to the upside. The recent higher lows and higher highs pattern supports this view.
Secondary scenario: A retest of the recently broken trendline around $66.80-$67.00 as support before potentially continuing higher. This would be a typical "pullback to retest" behavior following a breakout.
