A New President's Potential Impact on Oil Prices1. Introduction
The U.S. presidential election in 2024 is set to bring new leadership, with a new president guaranteed to take office. As history has shown, political transitions often have a profound effect on financial markets, and crude oil is no exception. Traders, investors and hedgers are no
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Oil looking good so farNot a trendline trader but look how this trendline is respected
We did approx 400 ticks this week
If the next week is good and we go the same pace we can end up at 75,60 at some point
Looks like we are in uptrend and hopefully next week oil will treat us good
DOUBLE TOP PATTERN | CRUDEOIL - SEP 25Crude Oil (1 Hour Timeframe)
Pattern: Double top spotted in crude oil.
Bearish Indicators Identified: Crude oil is trading within a falling wedge pattern, hinting at potential for a bearish breakout. The price is testing key support zones while repeatedly rejecting at the resistance.
Fundam
CRUDEOIL BREAKOUT ? FROM FALLING WEDGECrude Oil (1 Hour Timeframe)
Pattern: Falling wedge pattern, signaling a potential breakout.
Entry: Long position above 6040
Target Levels:
1st target: 6100
2nd target: 6140
3rd target: 6200
4th target: 6235
Stop-Loss (SL) : yours
Risk Management: Set stop-losses appropriately to mana
Will a Jumbo Rate Cut Fuel Crude Oil Rally? US equities soared to record highs on higher-than-expected rate cuts by the US Federal Reserve. Additional rate cuts implied by the Fed dot plot signals a goldilocks economic scenario. A booming economy coupled with low crude oil inventory levels with intensifying geopolitics could tip crude oil pri
WTI tests 71.50-72.50 resistance zoneOil traders mull over the demand outlook with China's outlook improving after a slew of stimulus, but the US outlook in question after weak consumer confidence data. EIA stockpiles are due later.
Oil trades below its falling trendlines and its 200 SMA. The price has recovered from a September low of
CYCLICAL ANALYSIS - Crude Oil to Go Up To Mid OctoberDISCLAIMER: This is not trading advice. This is for educational and entertainment purposes only to show how I view this market. Trading involves real risk. Do your own due diligence.
My COT strategy has Crude Oil SETUP for longs if we get a TRIGGER (Confirmed bullish trend change). But what do cycl
#202439 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
tl;dr
wti crude oil: Daily bars looking weak but it does not matter, it’s a small pullback bull trend and it’s going higher. Not a single bar went below the previous so we are max bullish. 72 is very likely get hit on Monday and the first bigger target is 73.
See all ideas
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures is Mar 19, 2025.
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 Crude Oil Futures before Mar 19, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Crude Oil Futures this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Crude Oil Futures shows that traders are closing their positions, which means a weakening trend.