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CL1! trade ideas

CRUDEOIL MASSIVE BREAKOUT Chart Analysis The chart shows a falling wedge pattern, a classic bullish reversal setup. The price has successfully broken out of the wedge pattern and is now testing the breakout zone near 5960, indicating potential further upside. Additionally: The 55 EMA is acting as dynamic support and is currently positioned at 5935 Buying Levels: Entry: 5960 (breakout confirmation) Support: 5935 (for tight stop-loss setups) Accumulation Zone: 5920 (for a risk-reward play) Selling Levels: Profit Booking Target: 6020 Extended Target: 6050 (if momentum persists) Stop Loss: 5920 (below the demand zone) Key Notes Watch for volume confirmation to validate the breakout. Keep an eye on broader market trends for crude oil, as global sentiment can significantly impact intraday movements. Disclaimer: This is for educational purposes only. Conduct your own analysis before entering trades.
MCX:CRUDEOIL1!Long
by Shalvisharma5
1
CL_LONG_+991 TicksThe CL daily time frame has created an up channel. The market has hit the bottom of the channel and is showing signs of pushing bullish towards the top of the channel. The market has created an up Fibonacci with an extension price point 78.92 about +991 ticks above the market. The market has broke and closed above a counter trend line bullish and showing sings of wanting to push toward the Fibonacci extension. Entry: Counter trend line break bullish above the bottom of the channel. STOP: 64.60 LIMIT: 78.92. This is part of the long idea of the CL 01-25. The market has rolled into the next contract CL 02-25, so we are updating this idea.
NYMEX:CL1!Long
by JoshuaMartinez
1
WTI breakout coming ? WTI has had a relatively range-bound year. Thinking back to what I said at the beginning of the year, that was what I predicted. I have drawn the vertical lines to show this year's range, and for me, this indicates a sell-the-rally mode that traders have adopted. You can see the triangle that has been forming over the past few years will break out soon. I prefer the downside break but just in case the opposite happens I have drawn the boxes of support and resistance I have observed. I have shown the chart for the 2008-2024 period because it gives a great perspective.
NYMEX:CL1!
by MarkLangley
Crude Oil Eating Up Time - Plate almost emptyPrice bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed). Next, we have the Yellow Fork. Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time. But now, I think the "Plate" is almost empty. Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect. To me, a Long Trade is more likely than a Short. - world wide tensions - so many bounces at the Support-Zone, they won't let price go down much - price has not re-tested the L-MLH of the Yellow Pitchfork As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
NYMEX:CL1!Long
by Tr8dingN3rd
[Commodity] Crude Oil Buy IdeaWait for the trigger Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX:CRUDEOIL1!Long
by Amit_Ghosh
CRUDEOIL - Symmetrical triangle breakout on the horizonCrude Oil Update (4-Hour Timeframe) Chart Overview: Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon. The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level. EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher. Trading Plan: Entry Long: Above 5900 Target 1 - 6002 Target 2 - 6138 Entry Short: Below 5744 Target 1 - 5450 Target 2 - 5500 Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions. Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
MCX:CRUDEOIL1!Long
by Shalvisharma5
So our bull targets done in crude oil This free new indicator helps to get accurate signals almost on all time frames and if you as me i use it on 15m chart normal candles , so lets talk about crude oil - when to take trades now- waiting for the bear signal between 5850-6200 if bear signal we can hold around 70 points tp with 20 sl Prediction are simply gambling but depending on market situation it shows that market can go upto 6200 or more with 30% chances or else it can open gap down and and go till 6100 or 6110 or more with 50 % chances. or it can break 6100 and give a bear signal around 6070 with 20% chances. the indicator you seeing is totally free and will be available soon, keep following. good luck
MCX:CRUDEOIL1!Education
by hormuzdengineer
2
Are we going LONG tomorrow on CRUDE OIL Targeting $69.50 NYMEX:MCL1! "I can’t relate to lazy people." -Kobe Bryant Family in this video I have broken down the LONG that I caught this morning during NY session that ran for just shy of 2R then bears came in and stopped me @ Breakeven.... SO now here is what I'll be looking for to GO LONG again tomorrow on Crude if PA sets up a HP entry confirmation.... If we can get the break above Minor support / resistance level $68.40 with a 15m candle closure above ill interested in going LONG tomorrow targeting the HTF EQ Level $69.50. This will be rpoughly around a 110pt move in our favor all depending upon entry. Also this trade and give us +3.5-4R Return if she can run all the way to target. Based off the HTF 4Hr supply we have the probability in our favor being that we are coming from a HTF Daily/4Hr Mitigation of Demand. No major news events tomorrow so we should be good to trade full volume. Remember nothing is set in stone we play the long-term game of probability. & We are dam good at it too! ***Our Profession is to Manage the downside costs of printing High SIDE returns of $$$ consistently... & that there is the #500K Model 1of1
NYMEX:MCL1!Long
by TreyHighPwr