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CL1! trade ideas

Crude Oil Makes a Higher LowCrude-oil futures have been climbing all year, and some traders may see further upside. The first pattern on today’s chart is the March 6 high of 80.67. CL1! Bounced there two weeks later, potentially turning old resistance into new support. That’s could be a bullish signal. Prices then rallied to a new six-month high near 88 before pulling back. They bottomed on Monday at 80.70. That slightly higher low on the weekly time frame may suggest an uptrend is taking shape. Next, stochastics are rebounding from an oversold condition. Finally, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in early April. That may also suggest prices are turning higher over the longer term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement visit www.TradeStation.com . Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYMEX:CL1!
by TradeStation
WTI looks set to bounce above $80Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone. A small doji also firmed around these levels to suggest a swing high has formed, or very near. A bounce to $84 could be on the cards as part of a technical retracement against its prior move lower. Bulls could enter live around current levels with a stop beneath $80, or seek dips towards it in anticipation of an eventual move higher to increase the potential reward to risk ratio.
NYMEX:CL1!Long
by CityIndex
Oil rises in early Asian tradingOil rises in early Asian trading, Middle East tensions remain in focus Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures rose 39 cents, or 0.5%, to $87.39 a barrel by 0033 GMT, while U.S. West Texas Intermediate crude futures were up 40 cents, or 0.5%, to $82.30 a barrel. Both benchmarks fell 29 cents in the previous session on signs that a recent escalation of tensions between Israel and Iran had little near-term impact on oil supplies from the region.
NYMEX:CL1!
by Khairil_Anuar
USOIL HTF Daily Rejection Candle indicating us to go SHORT...?NYMEX:CL1! “If my mind can conceive it and my heart can believe it - then I can achieve it.” - Muhammad Ali HOUSE CALL for a potential SHORT this week.....This is simple what I'll be looking for! 1) On the Daily TF we have a HUGE rejection Candle at the Daily Resistance leave $84.00 Per Barrell and now Price is currently trading above this Daily Demand Zone that I eventually want to see fail... 2) If and when this Daily Demand Zone fails then I want to see candle closures underneath on the 30m TF & below.... 3) Also If this Daily Demand Fails then the Price for OIL will fall underneath $80.00 Per Barrel in which is a big psychological Institution # within the Markets, so I was taught!! 4) If we can get the sequence of events to take place as I stated above then I'll be compelled to enter SHORT off the retest of $80.00 Per Barrel & cover the high for my stop.... Ill be targeting the next Major Un-Mitigated Daily Demand Zone below which is around pricing $77.75 Per Barrel... Roughly around 225 pts in our Favor, we can secure +2.5-3R % Gain depending on your given management system...ALSO once price breaks underneath $80.00 Per Barrel and we have confirmed candle closures underneath on the 30m TF & Below, price also need to be trading underneath the RED V-Wap as a last min. confirmation as its always a higher probable trade when we are trading in favor of the V-Wap IMO>>> Remember when it comes to FRM (Financial Risk Management) our Job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!Short
by TreyHighPwr
Oil settles slightly higher as Iran plays down reported Israeli Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures settled up 18 cents, or 0.21%, at US$87.29 a barrel. The front-month US West Texas Intermediate (WTI) crude contract for May ended 41 cents higher, or 0.5%, to US$83.14 a barrel. The more active June contract closed 12 cents higher at US$82.22 a barrel. Both benchmarks spiked more than US$3 a barrel earlier in the session after explosions were heard in the Iranian city of Isfahan in what sources described as an Israeli attack. However, the gains were capped after Tehran played down the incident and said it did not plan to retaliate. Investors had been closely monitoring Israel's response to Iranian drone and missile attacks on April 13 that was in turn a response to a presumed Israeli air strike on April 1 that destroyed a building in Iran's embassy compound in Damascus. Meanwhile, US lawmakers have added sanctions on Iran's oil exports to a pending Ukraine aid package after Tehran's strike on Israel last weekend. Iran is the third largest oil producer in the Organization of the Petroleum Exporting Countries (Opec), according to Reuters data.
NYMEX:CL1!Short
by Khairil_Anuar
Why Is Today's Low Crucial For Crude Oil?Crude Oil (June) Yesterday’s close: Settled at 82.15, down 2.68 June WTI Crude Oil futures are now front month and our levels are updated below. A sharp move, in this case the two-day drop, is not uncommon during times of roll and post option expiration as Crude Oil tends to cleanse positioning. With geopolitics front and center as the weekend approaches, major three-star support was tested head on at 80.78-81.06. This aligns with the gap close and gap open after a pennant consolidation from March 20th through March 27th. Bias: Neutral/Bullish Resistance: 82.70-82.82**, 83.32-83.44***, 84.01-84.39*** Pivot: 82.01-82.15 Support: 81.45**, 80.78-81.11***, 80.12***, 78.80-79.02***, 78.01-78.43 Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!
by Blue_Line_Futures
Geopolitical Conflicts and Markets - Market outperform the rest!Which market is a better hedge when a geopolitical conflict started. I know many will say that it must be crude oil. Over the past 2 major conflicts, we could see that crude oil did not gain any momentum, in fact it came off. So which markets have reacted positively to all these tensions so far, and will continue to remain this way with future tensions? My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities. 2-Year Yield Futures Ticker: 2YY Minimum fluctuation: 0.001 Index points (1/10th basis point per annum) = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:CL1!Long
by konhow
4
Crude Oil Futures Trade In a Narrow RangeTechnical Momentum Weakens Crude Oil futures have stalled after rising in 2024 after trading at the upper price band of $88/barrel and lower price band of $84/barrel. The technical perspective shows momentum studies correcting from overbought territories, with the 9-day moving average stalling above 18-day. DMI + is narrowing in on DMI -, indicating that the market is consolidating, while the Average True Range firms to $1.66 per day. EIA Inventories Rise EIA Inventory tightness has reversed recently, indicating a more relaxed supply picture. Current EIA inventories are 457 million barrels, compared to the five-year average of 466 million barrels for this period. Cushing stocks in the Mid-West have also narrowed recently, showing 33 million barrels in inventory versus a five-year average of 40 million barrels. Recent API Data has shown another build of 4 million barrels. An Expanding Economic Tailwind The U.S. economy continues to expand in 2024, driven by the high probability of a soft landing, fueling investor sentiment. Geopolitical Tension also plays a wildcard with the possibility of a widening Middle-Eastern conflict. www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!Long
by Phil_Blue_Line