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CRUDEOIL1! trade ideas

CrudeOil Breakout or Reversal?📈 CRUDEOIL – 1 HOUR TIMEFRAME ANALYSIS CrudeOil is currently testing a key resistance zone near 5995–6000. Price action has respected the rising trendline, and the structure looks poised for a breakout or rejection move. 🔍 Two Possible Scenarios: 🔹 Bullish Breakout Above 5995 If crude sustains above 5995 with volume confirmation, we may see a sharp move toward: 🎯 Target 1: 6030 🎯 Target 2: 6065 🔹 Bearish Rejection Failure to break 5995 may trigger a rejection and lead to a correction toward: 📉 Support 1: 5931 (EMA) 📉 Support 2: 5870 (Trendline base) 📊 Key Levels: Resistance: 5995 / 6030 / 6065 Support: 5931 / 5870 Volume will be the key factor in validating the breakout. Until then, keep a watchful eye for a trap or fake-out near resistance. 📌 Disclaimer: This analysis is for educational purposes only. Always manage your risk and trade with proper position sizing. Market sentiment can change quickly.
MCX:CRUDEOIL1!
by Shalvisharma5
1
Crude Oil Technical Outlook Crude Oil has once again found support near the $65 area, initiating a modest rebound. This bounce may extend toward the $72 level, which I view as a potential area of interest for initiating a short position. Should price action reach that zone, I would look to enter short with a defined target range between $50 and $42. In this scenario, the stop loss would be fixed at $80.60, preserving a clear and disciplined risk management structure. I’ll be closely monitoring price behavior and momentum as we approach resistance, particularly looking for signs of exhaustion around $72 to validate the setup.
NYMEX:CL1!Short
by COLOMBINI-TRADING
2
Will oil prices collapse to $60?Is there a chance for oil prices to fall to $60? On Wednesday, WTI crude oil futures continued to rise and settled around $68.3 per barrel. This was the third consecutive day of gains amid growing concerns about supply disruptions caused by ongoing conflicts in the Middle East. The Israeli airstrike on Gaza and U.S. President Trump's threat to hold Iran accountable for any Houthi attacks in Yemen have heightened tensions in the region and contributed to the rise in oil prices. One of the main causes of the recent price rise has been an expected increase in demand from China, the world's largest oil importer. This is due to its economic stimulus plans and positive data on the economy. However, the potential rise in prices could be held back by progress in peace negotiations between Russia and Ukraine, which could lead to increased supply in the global market. In addition, U.S. President Trump is expected to talk with Putin today to try to end the ongoing war between the two countries. Another significant risk factor for oil prices is escalating trade tensions, which is worrying investors about economic growth and energy demand. Currently, oil is not having a good time, with a 5 percent decline in quotations over the past three months. The main cause of this pressure is OPEC+'s announcement to increase production in April. In addition, markets are preparing for the impact of U.S. tariffs on Canada, Mexico, and China, and possible retaliatory measures by China against the United States. Concerns about a possible global trade war are affecting the energy market. Fears are that this could hurt economic growth and reduce energy demand, leading to an uncertain situation where supply from the OPEC cartel is increasing while demand remains unstable. The news is not very positive as oil production continues to increase. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, such as Russia, known as OPEC+, have decided to increase oil production by 138,000 barrels per day starting in April, a move that marks the first increase since 2022. Although this increase aims to phase out previous production cuts, it has raised concerns about a potential abundance of supply in the market. The 25 percent tariffs on goods from Mexico and Canada went into effect at the same time as the 10 percent increase on Chinese goods. In response, Beijing immediately imposed taxes of up to 15% on imports of key U.S. agricultural products. The current situation leads to a widespread and dangerous trade war, which can negatively affect economic growth and the outlook on oil demand. When studying oil, it is also essential to consider the trading currency, which is the dollar. In 2025, I predict that the dollar will continue to strengthen while the Fed keeps interest rates high. This may not be favorable for oil prices. From a technical point of view, the situation on Oil is even worse. The decline is accompanied by above-average volumes, and prices remain consistently below the 200-period moving average. According to my forecast, oil prices are expected to stabilize around $60 per barrel in the coming quarters. If you would like to be notified whenever I post a new article, just click on “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help you.
NYMEX:CL1!
by Antonio_Ferlito
1
Crude oil ------- sell around 70.00, targeCrude oil market analysis: Yesterday's crude oil daily line closed with a big positive, is it a buying opportunity? In fact, looking at the pattern, it has been hovering at this position for a long time, and the short-term is basically a snake. If the position of 70.00 is not broken, it is difficult to form a buying opportunity. The idea of ​​crude oil today is still bearish. Continue to sell on the rebound. The previous contract delivery of crude oil has not changed the trend. I think it still needs to fluctuate. Operation suggestion: Crude oil ------- sell around 70.00, target 68.00-66.00
NYMEX:CL1!Short
by BraveTigercat
WTI Crude Oil Trade Plan: DOE Release NYMEX:CL1! In this tradingview blog, we go over our technical setup and trade idea for Crude oil. It is important to note we also have DOE inventory numbers coming at 10:30 ET. Once the release has settled in, the trade idea can be framed using either of our two scenarios. Scenario 1: Liquidity Trap Rejection above March Monthly Open or Yearly Open and prices mean revert towards March mcVAH and CVPOC confluence. The idea considers the trend from last Wednesday. Late breakout buyers get trapped. Higher time frame participants push prices lower. An example swing trade idea would be taking a long position once the release has settled and waiting for a pull back around 69.50. • Entry: 69.50 • Stop: 70.30 • Target: 68.15 • Risk: 80 ticks • Reward: 135 ticks • Risk/Reward ratio: 1.69 This is an example swing trade idea that may play out by the end of the week. Scenario 2: Shift back into 70 - 75 range distribution. Immediate resistance is at March monthly open and yearly open. Above it the path clears towards Q1 mid-range and 2025 mCVPOC. An example of a trade idea for this scenario is to wait for a breakout and close of candle on the 30 minutes time frame above yearly open. Wait for a pullback towards 70.28 • Entry: 70.35 • Stop: 69.50 • Target 71.45 • Risk: 85 ticks • Reward: 110 ticks • Risk/Reward ratio: 1.29 Please note that these are example trade ideas. Trades are advised to do their own preparation. Stops are not guaranteed to trigger, and losses may be greater than predetermined stops.
NYMEX:CL1!
by EdgeClear
Crude Oil Futures Stock Chart Fibonacci Analysis 032025Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 67/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYMEX:CL1!
by fibonacci6180
Crude Oil Market Insights: A Bullish Perspective on Price MovemeThe crude oil market continues to demonstrate resilience, with recent price action revealing intriguing patterns that warrant close attention from investors and traders. At the current juncture, crude oil has successfully found critical support at the $66 level, a development that aligns precisely with earlier market expectations. Current Market Dynamics Traders and market analysts are observing an emerging rally targeting long-term resistance levels. Interestingly, the early 2024 market upswing serves as a compelling analog for current price movements, providing a historical context for understanding potential future trajectories. Market Movement Characteristics The current market momentum presents a nuanced picture: Continued upward movement is evident Trading volume shows interesting characteristics Price action indicates a slightly less volatile impulse compared to previous trends What’s particularly noteworthy is how the market is maintaining its upward trajectory. Despite potential concerns about increased supply, the market has demonstrated remarkable stability. The current rally appears to be developing with a different volatility profile compared to previous market phases. Supply and Demand Considerations The prevailing market narrative around demand is progressively validating earlier predictions. Traders are speculating about the potential for an even stronger rally in the near term. While significant volatility might not be anticipated at current levels, the market remains dynamic and responsive. Comparative Market Analysis When examining the current market phase against historical patterns, several key observations emerge: Volatility in the current market area differs substantially from previous periods Price movements are showing measured, calculated progression Supply increases are being absorbed without significant market disruption Forward-Looking Perspective Market participants should prepare for potential continued movement, albeit with a more measured approach. The expectation is not for explosive, high-volatility reactions, but rather a more controlled and strategic market progression. Conclusion Crude oil markets continue to provide fascinating insights for investors and traders. The current support level, emerging rally, and measured market dynamics suggest a cautiously optimistic outlook. Key Takeaways Crude oil finding strong support at $66 Potential for a measured rally Reduced volatility compared to previous market phases Continuing positive momentum in market trends This analysis is for educational purposes only and should not be considered investment advice.
NYMEX:CL1!Long
by Wyckoff_Analytics
Crude oil-----sell near 69.00, target 67.00-66.00Crude oil market analysis: Recently, crude oil has been hovering at the bottom. There are short-term stabilization signals, but it is basically difficult to turn around if you don't buy at 70.00. Today's idea is still bearish. Crude oil is sold regardless of weekly or short-term. Today's idea is still to sell at a high price and bearish. Crude oil pays attention to the inventory data later. Operational suggestions: Crude oil-----sell near 69.00, target 67.00-66.00
NYMEX:CL1!Short
by BraveTigercat
Crude oil---sell near 68.20, target 66.00-65.20Crude oil market analysis: Crude oil has been hovering at the bottom recently. It is necessary to short it at the high suppression position. It is difficult to make a profit by shorting in the middle and chasing. Today's idea is to continue to short it after the rebound. Pay attention to the suppression near 68.00-68.50. Crude oil is basically difficult to change the trend in the short term. Yesterday's crude oil contract delivery was not big. The price of the new contract is basically the same as the old one. Fundamental analysis: The Federal Reserve will maintain the benchmark interest rate at 4.25%-4.50%, which is in line with market expectations. The dot plot shows that it is expected to cut interest rates twice in 2025. The Federal Reserve will begin to slow down the pace of balance sheet reduction on April 1. Operational suggestions: Crude oil---sell near 68.20, target 66.00-65.20
NYMEX:CL1!Short
by BraveTigercat
Weekly Market Forecast WTI CRUDE OIL: Bearish! Wait For SellsThis forecast is for the week of March 17 - 21st. WTI Crude Oil is in consolidation, but forming a wedge pattern. As the market condenses, we no watch out for a breakout that could go in either direction. But if we take note of the Weekly bearish FVG that formed last week, we simply wait for price to sting into it and use it to move lower. The market is weak, and has been trending down for over two months now. Using the trend and the -FVG, the higher probability is for price to continue lower, as long as the -FVG holds. Check the comments section below for updates regarding this analysis throughout 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!Short
by RT_Money
Crude Oil Set for Mixed Outcomes Amidst Economic Tensions - Key Insights: The crude oil market is experiencing mixed signals, with recent positive momentum but an overarching bearish sentiment. Despite the slight uptick, the market remains sensitive to economic and geopolitical factors, suggesting cautious trading strategies. Investors should monitor key support and resistance levels closely to inform trading decisions. - Price Targets: Next week, traders might consider these targets: - T1: $70.50, T2: $72.00 - S1: $66.50, S2: $65.00 This positioning aligns with the anticipation of potential upward movement while guarding against lower breaks. - Recent Performance: Crude oil has recently closed above key moving averages, hinting at possible short-term gains. However, the broader market is bearish, influenced by decreasing oil and gasoline prices, which may reduce overall economic costs. The market's volatility is driven by broader economic conditions and geopolitical influences. - Expert Analysis: Opinions in the oil market are divided, with some experts foreseeing bearish trends due to supply constraints and production capacity issues. Others remain bullish in the long term, expecting economic conditions like stagflation and inflation to drive demand and prices higher. The imminent strengthening of the US dollar and its impact on linked indices remains an area of attention. - News Impact: Several notable events are influencing crude oil. Concerns about sustaining production levels amidst declining rates and constrained spare capacity highlight the critical need for investment in new projects. Geopolitical tensions involving key global players are impacting supply chains and pricing, potentially escalating inflationary pressures. Within the sector, shifting production strategies and shareholder expectations may redefine performance prospects in the near term. Overall, while the short-term outlook might see some gains, traders should remain cautious and informed, given the complex interplay of economic and geopolitical factors affecting crude oil.
NYMEX:CL1!Long
by CrowdWisdomTrading
CRUDE - WEEKLY SUMMARY 17.3-21.3 / FORECAST🛢 CRUDE – 16th week of the base cycle (28 weeks). A double bottom has formed, signaling the start of the second phase. The extreme forecast on March 19 pushed crude upward from a sideways trend. However, the beginning of the second phase is very weak. A strong resistance level lies ahead at 70 on current futures. 👉 My bearish outlook remains unchanged, as outlined in my summer 2024 crude oil post. The crude market has been in a sideways trend since fall 2022. This resembles the 2010-2014 period. Timing suggests a resolution in 2025. However, this does not mean history will repeat exactly—it is simply a similar setup. We will continue to navigate based on the current extreme forecasts. ⚠️ The current base cycle cannot yet be classified as bearish, as it has not broken its starting point. Watch for the midpoint of retrograde Mercury on March 24. The next important extreme forecasts for crude are March 27 and March 31.
NYMEX:CL1!
by irinawest
Crude oil-----buy around 69.00, target 69.90-70.90Crude oil market analysis: Crude oil has not been so strong for a long time. The K-line has uploaded the daily moving average, and the bulls have begun to rush up. The current suppression position is 70.00-70.60. Yesterday, the highest peak was 70.22. Today's idea is to follow the short-term buying, buy at a low price to see its moving average rebound, and the daily moving average is also starting to attack. We don’t speculate whether this wave of upward rush will change the trend of the daily line, but we can be sure that the short-term is bullish. Today’s idea is to buy directly around 69.00. Fundamental analysis: Although there is no big data this week, the US tariffs still cause huge market fluctuations in terms of fundamentals. Operation suggestions: Crude oil-----buy around 69.00, target 69.90-70.90
NYMEX:CL1!Long
by BraveTigercat
USOIL Market Outlook – Key Levels and Scenarios📌 Market Structure 🔹 Key Support Zone (~64.50 - 65.30 USD) The price has tested this area multiple times, highlighted by the red dashed line at the bottom. A pronounced lower wick suggests a possible exhaustion of bearish pressure. 🔹 Intermediate Resistance (~68.20 - 70.00 USD) The price has reacted to this zone, which appears to be a former support turned resistance. Caution is needed for potential rejections in this range. 🔹 Liquidity and Wider Supply Zone (~75.00 - 80.00 USD) This area, marked with red/purple gradients, represents a selling zone with a high concentration of orders. The price could be drawn to this level if the bullish phase continues. 📉 Bearish Scenario Failure to break above 68.20 - 70.00 USD could lead to a retest of 64.50 - 65.30 USD. A breakdown below this level could open the way toward 62.40 - 60.00 USD. 📈 Bullish Scenario A weekly close above 68.20 - 70.00 USD could trigger a recovery toward 75.00 - 77.00 USD. A breakout above 80.00 USD would invalidate the long-term bearish structure. 🔎 Conclusion: The price is currently at a critical stage around 68 USD, with potential for a pullback. Monitoring the reaction between 65.30 - 68.20 USD will be key in determining the next direction. Volume and macroeconomic factors (OPEC, oil inventories, Fed policies) will be crucial in confirming the trend.
NYMEX:CL1!Short
by EdgeTradingJourney
3