MICRO CRUDE OIL - BULLISH OR BEARISH INCOMING ACTION?Crude Oil looking to breakout this week. Downside or upside? Let's hear your thoughts.
WTI1! trade ideas
CL 15M Bearish ICT Unicorn Breaker to go shortCL retraced back to Daily FVG zone, swept previous daily high and reversed sharply leaving 15M breaker aligned with 15M FVGs. Setting limit order to go short at the breaker.
CL 15M Bearish ICT Unicorn breakerCL is in Daily downtrend. It retraced to Daily FVG, swepr previous day high and reversed sharply. 15M ICT Unicorn breaker has formed. Setting limit order to go short
USOIL Sell Setup🔻 USOIL Sell Setup
📉 MSS Confirmed → Liquidity Grab
🎯 Target: Equal Lows (Sell-Side Liquidity)
🔍 Entry: Retrace to FVG / OB in Premium
⏳ Confirm: Volume + Momentum
🔥 Let me know if you need a chart! 🚀
Possible riseOil is now in a correction phase after having been descending, as noted on the left side of the chart. The price may move between 73.72 and 70.12 and a break of either side may lead to bull run or a bearish continuation.
For the immediate bullish rise, if price continues to be above 70.12, and passes 71.6 simultaneously settling above, the commodity may try to touch 73.000 zone
My View : CLJ2025 - Crude Oil Futures (April 2025)Summary analysis :
Price Movement: The current price is at 71.43, showing a slight decrease of 0.01 (-0.02%) from the previous close. The price has been relatively stable within a narrow range, with the high at 71.46 and the low at 71.38.
Trend Indicator s: The Heikin Ashi candles suggest a potential consolidation phase, as there is no strong directional movement indicated by the candles. The Bollinger Bands (BB20) show the price is near the middle band (SMA close at 71.10), indicating a balanced market without significant volatility.
Support and Resistance : Key support levels are around 71.00 and 70.50, while resistance levels are near 72.50 and 73.00. The price is currently hovering near the lower end of the recent range.
Volume and Momentum : The volume data is not explicitly provided, but the lack of significant price movement suggests low momentum. The ARIMA forecast (BQECASTHL) indicates a potential for minor fluctuations without a clear trend.
Fractals and Signals : The presence of fractals suggests potential reversal points, but without a clear pattern, it’s challenging to predict a strong move. The SELL and BUY signals are not strongly pronounced, indicating a neutral market sentiment.
Time Frame : The analysis is based on a 1-hour chart, which is suitable for short-term trading. Traders should monitor for breakout signals above 71.46 or below 71.38 for potential short-term opportunities.
In summary, the Crude Oil Futures market for April 2025 is currently in a consolidation phase with limited volatility. Traders should watch for breakout signals and monitor key support and resistance levels for potential trading opportunities.
CL: Squeeze: sell ideaOn CL as you can see on the graph we have a squeeze. This means that we would have a high probability of seeing the market go downward over a time unit of one (1) hour, especially when the vwap is broken forcefully by a large red candle.
Bearish Outlook: Short Crude Oil Next Week as Resistance Holds- Key Insights: Crude oil is currently entrenched in a bearish trend, with
recent trading activity indicating waning speculative interest and a
reluctance to decisively break past resistance levels. The market is
consolidating around the low 70s, reflecting broader concerns about
geopolitical tensions and their impact on supply. This scenario presents a
viable short opportunity as prices may struggle to maintain upward momentum.
- Price Targets:
Next week targets are T1 = 68.50, T2 = 66.00.
Stop levels are
S1 = 72.50, S2 = 73.50.
This positioning reflects the current market sentiment and expected resistance.
- Recent Performance: The crude oil market has experienced a series of lower
highs and lows, and trading has remained stagnant. Prices have been hovering
in a narrow range, with a slight bearish inclination driven by external
factors and limited investor confidence.
- Expert Analysis: Analysts project continued bearish movements for crude oil in
the short-term, advising caution among traders. Geopolitical events,
particularly concerning Iran, remain critical in shaping market dynamics,
alongside potential impacts from OPEC's decisions.
- News Impact: Geopolitical concerns, particularly around sanctions against Iran
and conflicts influencing global oil supply chains, are pivotal in
understanding current price movements. Developments in Ukraine and OPEC’s
production strategies are additional elements that could sway market
direction.
Crude Oil Short Setup: Targeting the Low $70s to High $69sCrude oil appears to be showing signs of bearish momentum after a failed attempt to break higher. With the price stalling around the $71.00 level, we’re positioning for a short trade targeting a retracement into the low $70s or possibly into the high $69s, where we see potential support levels.
#202507 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
comment: No bigger opinion on this trading range. 70 holds, we chop until a bigger news event pushes us above 74. Below 70 we could flush to 69 and then 67.
current market cycle: trading range
key levels: 70 - 75
bull case: Bulls preventing meaningful lower lows but we have a clear bear trend line. Bulls are still favored going into next week to buy around 70 and test back up to at least 72. They want to break above the Tuesday high 73.67 and make the market more neutral again. If they get it, we could test 75 next.
Invalidation is below 69.7.
bear case: Bears have closed the week near the lows and they want to poke at 70 until it fails. I have no idea how likely that is next week but for now it’s support and if we see decent buying pressure tomorrow, bulls are favored. Volume is also trash again. Below 70 we test 69 and then 67.
Invalidation is above 75.
short term: Neutral for now. Still no interest in this tbh. 70 should hold but the last thing I want to do is buying this. Nothing has changed since last Sunday. Play the range or trade something else.
medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85.
current swing trade: None
chart update: Nothing
CL1! SELL 70.25CL1! currently trending strong to downside
daily/ 4hr
* if we can get a 15min candle to close near/ below 70.25 area trend should continue
* exit around 68.54 if we get enough momentum or once you start seeing strong buying pressure
CRUDE - WEEKLY SUMMARY 10.2-14.2 / FORECAST🛢 CRUDE – 11th week of the base cycle (28 weeks), mature 1st phase. The pivot forecast on February 11 worked as a reversal, similar to the extreme forecast on February 3. This marks the second reversal from the combined resistance of the MA20 and the large triangle boundary, which I discussed in previous posts. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but it is very mature.
⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 24. Next extreme forecast: March 3.
SHORT ON OILIf it rejects of 72.00 I'm looking for a quick sell. If not I'm looking for buy to the upside. Still overall downtrend, but may be trying to reverse, just hasn't broken that 4Hr Level yet. Watching News today as well.
Crude Oil (MCLH2025) – Bullish Setup DevelopingCrude Oil (MCLH2025) – Bullish Setup Developing
🟢 Long Bias | 🎯 Target: 71.47014 | ⏳ Deadline: Feb 14
Price is consolidating after a recent move, showing potential for an upward push. Watching for momentum to build toward the 71.47014 target. A break above could open further upside opportunities.
💡 All trades can be replayed on TradingView for confirmation.
#CrudeOil #MCL #Futures #TradingView #MarketAnalysis
Crude Oil - Ichimoku Theories + Price Action ConceptsNYMEX:CL1!
Combining your Ichimoku strategy, with market structure orderblocks, could provide you with support & resistance levels, for your Ichimoku trend bias.
- Here is Crude Oil futures, on a 4H timeframe
- Analyze how the orderblocks, provide key level resistance, for your short positions
CL1! DEAD-CAT BOUNCE?!? Looking at CL1!, we are observing a potential bullish continuation setup following a solid price action pullback. The market has recently retraced significantly, offering a strong buying opportunity if the price holds above this level.
Bias is Long on OilHitting an Daily Level, may be bouncing back from a big ~300-Tick move to the downside. Engulfing candle on the 15 min. Currently in a Low Value Area 70.64. Point of Control is 72.45. Hoping for a nice pullback since it's still in overall downtrend. Trying to catch some moves before market opens...Lets' see. Up, up, and away.
CL1!: Buy ideaOn CL1 we would have a high probability of having an upward trend given the configuration on the chart. Indeed, we are in a bearish channel situation with a succession of numerous red candles accompanied by numerous red volumes.
To enter a position, you must wait until the resistance line and the vwap indicator are broken forcefully by a large green candle and followed by a large green volume. Therefore, you can enter a position as soon as the second green candle appears.
CL1! BUYING the Dip Price is currently testing a support level that aligns with previous swing lows, offering a favorable entry point with a defined risk. Traders should consider entering long positions near this support area, targeting the next key resistance zones while managing risk with tight stop-loss levels just below the recent support. The overall market sentiment remains positive, supported by global supply-demand factors, making this a favorable environment for further upside movement in MCL1!
Markets Seeing Mixed ResultsMarkets were seeing mixed results today with US Equity prices slightly lower along with Crude Oil and Gold. Traders saw CPI come in better than expected while the Crude Inventories report came in higher than expected. The Crude Market specifically has had a volatile beginning to 2025 with a lot of the recent price action hovering around the 200-day moving average.
The initial jump in prices to the recent January 15th high came after breaking through the 200-day moving average and the volatility around that level has come back this week. Crude Oil has several fundamental factors that can affect the price drastically, including global tensions and supply and demand, which is why the CME offers different sized products for Crude Oil to help traders manage their risk ranging from the full size to the micro contract.
For the rest of the week, traders will be looking at the jobless claims number along with the PPI for an indication on inflation moving forward.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Recap: CL and ES Weekly Plan analysis & Key LevelsNYMEX:CL1!
CME_MINI:ES1!
In this trading trading view blog we will refer to our February 3, 2025, weekly trading plans.
Our main idea for ES futures was to get long above yearly open, also our key LIS (Line in Sand). And our main idea for CL futures was to stay short below February monthly open targeting mcVAL and then waiting for an opportunity to get long at our key bullish support zone.
Below we explain our thoughts behind these ideas and how we choose our key levels and the process to create our plan.
ES Trade Idea: Key Levels and Strategies Amid Macro Uncertainty :
From our ES trade plan, scenario 1 played out. The line in sand for long trades was Key LIS/Yearly open. Click on the link above to see how this played out!
Our key levels for the trade idea noted in the blog were:
(mcVAH) micro composite value area high: 6,134.25
Key LIS/Yearly Open: 5,949.25
(mcVAL) micro composite value area low: 5,914.25
(CVAH) Composite Value Area High: 5,924
mcVAH held as an area of initial resistance. Our neutral zone at 6,068.25 - 6,051.50 acted as a zone for pullback after initial push higher. The remaining week was choppy with some days more volatile and playing out per our scenario 1 in our trading plan.
CL Trade Idea: Key Levels & Strategies Amid Volatility:
From our CL trade plan, scenario 1 also played out.
Why we favored this as scenario 1 was due to rejection confirmed at January 2025 mid range. The provided a good short opportunity below Jan 2025 mid or February monthly open towards our key levels as specified in the trading plan. We mentioned the following key levels in last week’s plan.
Micro Composite Value Area High (mCVAH) January 2025: 76.00
January 2025 mid- range: 74.96
February Monthly Open: 74.14
Micro Composite Value Area Low (mCVAL) January 2025: 71.82
Yearly Open: 70.52
2024 Mid- Range: 70.40
mCVAL provided a good target for short trades, while Yearly open and 2024 Mid-range confluence at our key bull support provided a good spot to initiate the long trade idea.
Following a consistent process can help traders stick to a trading approach that can help them achieve consistency. Losses are an inherent part of trading, executing the trade plan also involves weighing which scenario will play out on the hard right edge in real- time. However, our market analysis blogs are aimed to educate traders, showing whatever their methodology or approach, consistency in preparation and having a roadmap of important price levels will help them distinguish between getting caught in noise versus important areas to engage with markets.
RISING WEDGE PATTERN IN CRUDEOILCrude Oil (MCX) 1HR Chart Analysis
🔹 Expected Price Movement: Price is forming a rising wedge pattern, indicating a potential short-term upmove before a breakdown.
🔹 Bullish Push First: Expecting price to test the 6343 - 6380 zone before showing weakness. A temporary breakout could occur before reversal.
🔹 Bearish Breakdown Target: If the price fails to hold, a breakdown below 6306 could trigger a drop toward 6260, confirming the wedge breakdown.
🔹 EMA & Volume Analysis: The 55 EMA (6287) acts as dynamic support, but declining momentum and volume suggest a possible exhaustion near resistance.
🔹 Risk Management: Traders should monitor price action near resistance and use stop-loss protection to manage volatility.
📌 Disclaimer: This is a technical analysis based on provided data and should not be considered financial advice. Trading involves risk, and past performance does not guarantee future results.
❤️ If this analysis helps, please like the post! 🚀
CL longsTaking CL longs here, based on my model that was posted before. Same setup, partials taken, rest will be managed accordingly. Support on H4 BISI, following same OF in 15m and 5 m confirmation entry.
