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
Contract highlights
Crude Oil Triangle Breakout Near – Watch 5600 Zone Closely!🛢 CRUDEOIL – Weekly Outlook (4H Timeframe)
Published by: Shalvi Sharma (Power Commodity Trading)
Crude is trading around 5568 and approaching a crucial triangle breakout zone.
⚠️ Key Levels:
Breakout Resistance: 5600 – 5675
Bearish OB Zone: 5675 – 5800
Immediate Support: 5374 (EMA55)
Deman
Why Oil Stays Bullish: Israel-Iran and the APMMCurrent geopolitical tensions between Israel and Iran have precipitated significant volatility in global oil markets. This study analyzes the immediate and medium-term impacts of the conflict on oil prices utilizing the Advanced Petroleum Market Model (APMM), a multifactorial fundamental analysis fr
Oil Price Approaches April HighThe price of oil may further retrace the decline from the April high ($71.16) as it continues to carve a series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in crude like the price action from earlier this year.
WTI Crude Oil Stalls At Technical JunctureCrude oil has enjoyed a decent rally in recent weeks thanks to improved sentiment and OPEC+ scaling back production. Yet momentum turned against bulls on Tuesday, despite positive trade talks between the US and China. Today I discuss whether this could be a turning point for oil, or simply a bump in
Crude oil----Buy around 71.00-72.00, target 73.00-77.00Crude oil market analysis:
Last week's crude oil was very exaggerated because it broke the super suppression of 65.00 on the daily line. Once this position was broken, crude oil began to be standard. This is also the result of our many predictions of the cycle. Crude oil purchases will continue to s
Oil Market on Edge Any disruption to Iranian oil supply could prompt OPEC to boost output quickly, says ING's Warren Patterson. But there's a limit to how much the cartel can buffer the market—especially if tensions escalate in the Persian Gulf, where most of OPEC's 5M bbl/day spare capacity sits.
🛢️ The Strait of Hor
Chasing Oil Spikes? How Geopolitics Can Wreck SetupsOil prices surged over 12% in Asia on Middle East headlines, sparking a surge of volatility across safe-haven currencies and stock market futures during thin trade.
It felt like a good time to provide food for thought to newer traders looking to chase these moves, highlight the mockery geopolitics
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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 nearest expiration date for Crude Oil Futures (Jul 2013) is Jun 20, 2013.
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 (Jul 2013) before Jun 20, 2013.