CL1! trade ideas
Crude Oil: Weakest Setup in Recent Times | Caution Advised🛢️ Crude is showing one of the worst technical setups in recent memory. On the weekly chart , it's trading at a 4-year low , with back-to-back weekly breakdowns , indicating strong bearish momentum.
🔻 If the price breaches the recent support near $55.12 , we could see further downside in the coming weeks. This level will be crucial—holding it might trigger a bounce, but a breakdown could confirm a deeper trend shift.
⚠️ However, it’s important to remember: Crude Oil is highly sensitive to geopolitical and policy-driven moves . Technicals can break down quickly under such influences, so trade with strict risk management .
📉 I'm using the #iSparkIndicator to monitor momentum and breakdown confirmations. It’s currently showing sustained weakness with no bullish divergence yet.
📌 Key Levels to Watch :
Support: $55.12
Resistance: $64.50
💬 Stay cautious and reactive—not predictive. Let the market show its hand.
🔍 Interested in the iSparkIndicator? Check my profile for more info.
#CrudeOil #OilAnalysis #WTI #iSparkIndicator #TechnicalAnalysis #Commodities #SwingTrading
micro wti in wave 4 pullback next wave 5Hello traders, I noted an Elliott wave aggressive bullish wave 1 run with strong bullish candles followed by a complex wave 2 correction then followed by a strong impulse 5 wave structure that I noted as wave 3 at premium. Currently, in a simple corrective wave 4 at the ( green area of interest) I see that wave 4 still is in progress and can potentially finish at the trap of fib.0618 making sure to leave some liquidity behind for later structure manipulation. Noting, that 4wave can not violate wave 2 territory per Elliott waves rules. When wave 4 is completed wave 5, I suggest will resume to grab the above the liquidity see in yellow @ 1 fib extension or more 1.272=(for Elliott wave traders).. note 30 min chart , confluence on 4hr and 12 hr chart
Crude oil 4 h time frame 🛢️ Technical Overview (WTI Crude Oil – 4H)
📐 Pattern Formation:
A double bottom pattern is clearly forming, which is a classic bullish reversal structure.
The neckline appears to be just below the $59.00 area.
A breakout above this neckline would confirm the pattern and open the door for further upside.
🎯 Measured Move Projection:
The vertical projection shows a +7.89 USD target (around 12.49% upside).
Measured from the neckline (~$59.00), the projected target is around $66.90–$67.00.
🔍 Key Levels:
Support (bottom of the pattern): ~$56.00–$56.30
Neckline/Breakout level: ~$59.00
Target zone: ~$66.90–$67.00
Resistance on the way up: ~$61.00 and ~$64.50
🧠 Outlook & Bias:
Short- to Medium-term Bias: Bullish, contingent on a confirmed breakout above the $59 neckline.
A break and close above $59.00 would activate the pattern and favor a continuation toward $66.90.
If price fails to break out and falls back below ~$56.00, the pattern is invalidated.
📌 Potential Trade Setup (Educational Only):
Entry: Break and close above $59.00
Stop Loss: Below $57.50
TP1: $61.00
TP2: $64.50
TP3: $66.90
Looking to short CL to continue lowerCL is making a corrective move higher before moving down to the ultimate target of last Daily structure leg down. It retraced to Daily bearish Fair Value Gaps (internal range liquidity zones) which should act as resistance. 15M bearish structure is in Extreme premium.
I'm looking for CL to break down bullish corrective structure on 5M chart and start a final move down.
Planning for the Next Trade in Crude OilNYMEX:CL1!
Key Levels – Higher Timeframe:
• 2025 High: 78.56
• Yearly Open (2025): 69.64
• 2025 mCVPOC: 71.83
• Yearly VWAP: 68.41
• AVWAP from Yearly Highs: 67.71
• 2025 mCVAL: 65.28
• March 2025 Low: 64.37
• 2024 Low: 59.91
April 2025 Key Levels:
• April mCVAL: 58.79
• April mCVPOC: 60.94
• April AVWAP from Lows: 61.29
• April AVWAP from Highs: 61.76
• April mCVAH: 63.73
Our previous trade idea played out as expected. With updated levels now in place, we aim to reassess the market context without falling into recency or confirmation bias. These biases often lead to an overly bearish outlook at market lows, especially amid ongoing headlines around trade war tensions and supply concerns. While such fundamentals are important, maintaining objectivity is key.
This leads us to the central question: Is all this bearish sentiment already priced in? If so, why are sellers still dominant?
From a broader perspective, the overall context for crude remains bearish. However, this does not imply an immediate continuation to lower prices.
Currently, price is trading below both the midpoint of 2025 and that of 2024. Additionally, the recent price swing failed at the March 2025 low—an important technical rejection. The 2024 low at 59.91 now serves as key structural support. We anticipate further consolidation within the April 2025 value range, specifically between mCVAH (63.73) and mCVAL (58.79).
We define the area between April’s mCVPOC (60.94) and AVWAPs (61.29 / 61.76) as a "noise zone"—a region where price action is likely to be choppy and directionless. This zone is not favorable for directional trades.
Potential Trade Setup – Range-Bound Play
Example Trade 1: Long Crude Oil
• Entry: 59.91
• Stop: 59.20
• Target: 61.76
• Risk: 71 ticks
• Reward: 185 ticks
• Risk/Reward Ratio: 2.6R
Example Trade 2: Long Crude Oil
• Entry: 58.80
• Stop: 58.20
• Target: 61.76
• Risk: 60 ticks
• Reward: 296 ticks
• Risk/Reward Ratio: 4.93 R
Important Notes:
• These are example trade ideas and not financial advice or recommendations.
• Traders should conduct independent analysis and ensure proper risk management.
• Stop-loss orders are not guaranteed; slippage may occur, resulting in losses beyond predefined levels.
• AVWAP levels are accurate at the time of posting, they may vary as indicator further calculates prices with new volume and price information.
Glossary Index for all technical terms used:
ATH: All time high
VPOC: Volume Point of Control
VAL: Value Area Low
VAH: Value Area High
VP: Volume Profile
AVP: Anchored Volume Profile
C: Composite (prefix before VAL, VAH, VPOC, VP, AVP)
mC: micro-Composite (prefix before VAL, VAH, VPOC, VP, AVP)
AVWAP: Anchored Volume Weighted Average Price
Green Zones: Bull/ Buyers support zones
Red Zones: Bear/Seller resistance zones
Crude oil------sell near 61.60, target 60.00-58.00Crude oil market analysis:
Crude oil has also started to fluctuate recently. Yesterday's daily line finally began to decline. Crude oil is bearish in both the big and small trends. Continue to sell when it rebounds to the moving average. The crude oil pattern is still weak on the daily line. The current suppression position has begun to move down. Crude oil 61.68 is an opportunity to sell. The daily moving average has begun to rush down. Don't intercept it.
Fundamental analysis
Today, we will start to pay attention to the ADP data, as well as PCE data and EIA crude oil inventory data.
Operation suggestions
Crude oil------sell near 61.60, target 60.00-58.00
Oil Price Rebound UnravelsThe price of oil may continue to give back the rebound from the monthly low ($54.46) as it extends the decline from the start of the week.
The price of oil starts to carve a series of lower highs and lows as it snaps the range bound price action from last week, with a move/close below the $59.20 (78.6% Fibonacci retracement) to $60.90 (78.6% Fibonacci retracement) region bringing the 2023 low ($52.24) on the radar.
Next area of interest comes in around $49.10 (100% Fibonacci extension), but lack of momentum to move/close below the $59.20 (78.6% Fibonacci retracement) to $60.90 (78.6% Fibonacci retracement) region may push the price of gold back towards the weekly high ($63.92).
Need a close above $64.70 (61.8% Fibonacci retracement) to bring the $70.80 (61.8% Fibonacci extension) to 72.30 (38.2% Fibonacci retracement) zone on the radar, with the next region of interest coming in around the February high ($74.30).
--- Written by David Song, Senior Strategist at FOREX.com
Crude oil---sell near 63.00, target 60.00-58.00Crude oil market analysis:
The recent crude oil daily line has also begun to decline. Yesterday, the daily line closed negative, and the selling began to decline. Today's idea is to consider selling opportunities near the rebound of 63.00. Crude oil continues to be bearish. No matter the fundamentals or technical aspects, there is no sign of bullishness. Today, crude oil is expected to fluctuate and fall. Don't chase the rebound. We are considering it. In addition, crude oil will also close the monthly line. Pay attention to its monthly line.
Fundamental analysis:
This week is a data week. Starting from Wednesday, big data will be released one by one. In addition, continue to pay attention to the situation of the US dollar and the changes in tariff policies.
Operation suggestions:
Crude oil---sell near 63.00, target 60.00-58.00
Crude Oil (WTI) | Hidden Accumulation| (April 2025)Crude Oil (WTI) | Short Bias | Hidden Accumulation + Fib Target | (April 27, 2025)
1️⃣ Insight Summary:
Money flow is exiting Crude Oil on the 4-hour chart, but price is holding steady — showing signs of hidden accumulation. A big move could be setting up soon!
2️⃣ Trade Parameters:
Bias: Short
Entry Zone: During ongoing consolidation phase with accumulation signals
Stop Loss: Below recent structural lows (adjust if lower timeframe support breaks)
TP1: $47.00 (based on Fibonacci retracement and extension analysis)
Partial Exits: Optional partials at internal Fibonacci levels leading up to $47
3️⃣ Key Notes:
✅ Despite visible outflows, price remains stable — pointing toward iceberg orders on lower timeframes and broader accumulation on higher timeframes.
✅ Retail buying is visible, but the bigger story is in the hidden accumulation by larger players.
✅ Confirm with base volume, price structure, and indicator setups — momentum must match the thesis.
❌ Risk if structure breaks down below consolidation base — stops must protect against fakeouts.
4️⃣ Follow-up:
I will keep monitoring Crude Oil closely and update if we get a strong breakout confirming the move toward the $47 zone!
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
#202517 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
comment: Market went nowhere past week so nothing changed from my last weeks update. Bulls want to retest the upper bear trend line around 69 and bears reversing below the 50% retracement of the bear trend that started in January. I do not have an opinion on where the breakout will happen, I can see it going both ways.
current market cycle: trading range on the monthly chart - daily chart is a bear trend that could be transitioning into a trading range again
key levels: 55 - 69
bull case: Bulls see it as a failed acceleration down and want to retest the prior bear trend line around 68. Same target as last week but this week they closed the weekly bar above 64 which was my line in the sand. If they continue here, they will likely squeeze much higher again. 69 next target. Nothing changed in this.
Invalidation is below 60.
bear case: Bears have going for them that they stopped the bounce at the breakout area and under the 50% retracement, which is very important for them. If they get a daily close below 60, we could go lower again but until then it’s a clear trading range 60-52. Market is neutral for me, despite not going above the 50% retracement.
Invalidation is a daily close above 65.
short term: Neutral 60-65, bullish above for 69 and bearish below for 55.
medium-long term - Update from 2025-04-27: This does look like another bear trap below 60, which was to be expected.
Nothing happened the past week so no better update on this. Will tariffs likely or are they already dampening consumption? Most likely. Will this be reflected in Oil demand in the near term? No fucking clue. Chart is in a bear trend but at such a huge support for so many years, I doubt we go much lower but we could range here for longer.
Crude oil------sell near 64.30, target 60.00-58.00Crude oil market analysis:
Crude oil has been fluctuating recently. Today, we focus on the rhythm and range of its fluctuations. The suppression near 65.30 is successful. The selling trend is downward. Let's sell on the rebound today. Pay attention to the suppression near 64.00. There is still room for selling. The recent data and tariff war on crude oil have not had a big impact on it, so it has been hovering.
Crude oil market analysis:
Crude oil has been fluctuating recently. Today, we focus on the rhythm and range of its fluctuations. The suppression near 65.30 is successful. The selling trend is downward. Let's sell on the rebound today. Pay attention to the suppression near 64.00. There is still room for selling. The recent data and tariff war on crude oil have not had a big impact on it, so it has been hovering.
Operational suggestions
Crude oil------sell near 64.30, target 60.00-58.00
Selling CL based in line with daily bearish trendI did video analysis yesterday. I was looking to short CL which provided short entry in NY AM session however bounced back forming inside bar on daily chart. Today CL swept the liquidity above Daily inside bar high and reversed forming a breaker on 15M chart. I still expect yesterday's discussed idea and move to happen with target of big bearish Wednesday Daily candle low.
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Crude oil---sell near 64.00, target 63.00-62.00Crude oil market analysis:
Recently, crude oil has been running up. Yesterday, the daily line had a technical retracement under the pressure of 65.00. Today, we are still bearish. Let's continue to sell when it rebounds. There is still a lot of room for crude oil to fall. Today's crude oil rebounded near 64.00 and sold. If it breaks below 60.00, it will open up a new space for a big drop. The recent data and fundamentals of crude oil are suppressing it. Buy today and expect a big rebound.
Operational suggestions:
Crude oil---sell near 64.00, target 63.00-62.00
Looking to sell CLI'm looking to sell CL futures based on yesterdays' price action on daily chart which suggests that we might see the next leg down in line with Daily downtrend.
Looking to short pending one more move higher to take equal highs created in early London session and looking for breaker lower to structure logic stop loss and sufficient R:R.
Gold silver coffee TeslaThis is March 23rd. there was a great setup for the reversal in gold which should have been expected.... and it looks like it's coming down to support where the market had gapped higher originally. when gold traded lower it took out a whole bunch of breakout buyers.... now we need the weight and see if new buyers will be entering the gold market. and this would have been a very easy short yesterday for the gold market and an easy continuation as the market traded lower today where we may find some buyers. silver is in a unique way more interesting than the gold because there's a chance that it could trade higher enough that that would trigger buyers to go long anticipating the possibility that the market could go to the all-time high of 50. coffee looks pretty good for a continuation higher there was a good trade location to go long on coffee yesterday. I think Tesla's probably a great Buy with a high potential to go substantially higher.... I would not be surprised if we learn someday that Elon Musk bought more shares of Tesla anticipating that the market is that a support and will go considerably higher in a market that would look weak to traders who don't understand opportunity. Elon was the victim of political manipulation with no real problems with his cars.... sales were down but the politicians with large amounts of capital put pressure on Tesla to lower.
Crude Oil Is Making Hard Work of Gains into ResistanceCride oil may have recovered back above $60, but it is making hard work of it. And with resistance looming and large specs increasing short bets, perhaps a pullback due. But does that mean a break below $60 is imminent?
Matt Simpson, Market Analyst at Forex.com and City Index
Order Flow + Market Structure = Holy Trading BibleYes, I know there's a million strategies out there. All profitable, all suck. It really comes down to comprehension of the basics and that particular strategy, the patience and discipline to wait for that set up to present itself, and lastly, the focus and calmness to manage your trade effectively, all the way to take profit.
Case In Point