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E-mini Crude Oil Futures (Feb 2029)EE

E-mini Crude Oil Futures (Feb 2029)

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QMG2029 trade ideas

Crude oil---sell near 63.90, target 60.00-58.00Crude oil market analysis: The recent crude oil has been delivered. The new contract is relatively strong at present. Yesterday's daily line closed with a positive line. In the short-term bottom shock, we are still bearish on crude oil today. We continue to sell. The large pattern suppresses around 65.30. The daily moving average suppresses around 65.700, which means that buying needs to break this position to reverse. Today's crude oil is suppressed at 63.90. Operational suggestions: Crude oil---sell near 63.90, target 60.00-58.00
NYMEX:CL1!Short
by BraveTigercat
1
Crude Oil Broke Strucutre to the DOWN Side!here we have a pretty simple trade, price action on the daily has finally broke structure to the downside.. this week i'll be looking for sells, you can either enter on the open or look for imbalance GAPS for a slightly better entry on any PULL backs... i'll be adding additional entries as we break the next structure... the structures i have drawn up with the blue dotted lines are areas to target and also wait for the break down of that support area!!!! conclusion - simple trade keep it simple and don't over risk and over trade!
NShort
by therealbinarymaster
Crude oil-----Buy near 65.00, target 62.30-60.00Crude oil market analysis: Recently, crude oil has also fluctuated greatly due to the influence of fundamentals. It started to rise rapidly yesterday, and the daily line closed with a standard big hammer candle pattern. Today, we rely on the 65.20 position to buy. We can also consider buying when it falls back to a small support. Today's crude oil trend is bearish, and short-term buying and selling are both possible. The current fundamentals have basically not changed the selling of crude oil. In addition, there will be EIA crude oil inventory data tonight. Today's crude oil is expected to fluctuate greatly. Consider selling it when it rebounds to 65.00 in the Asian session. Fundamental analysis: Tariffs are the biggest fundamentals in the near future, and the market impact is relatively large. Today we focus on CPI data and crude oil inventory data. Operation suggestions: Crude oil-----Buy near 65.00, target 62.30-60.00
NLong
by BraveTigercat
1
Crude oil------sell near 63.00, target 60.00-57.00Crude oil market analysis: The recent daily crude oil line is still not very strong. There was a rebound, but it was just a rebound. Gold rose strongly, but crude oil did not rise strongly. Yesterday's crude oil also ran down slightly. Today's crude oil is still around 63.00 and 65.00, which are opportunities to consider selling. If it continues to decline and stabilizes around 57.00, buy it back. Crude oil does not reflect the fundamentals so strongly. Fundamental analysis: The CPI announced yesterday did not have a big impact on the market, but the data difference was still relatively large, and the result was -0.1%. The bulls only rose slightly. The bottoming out and rebound of the US stock market was mainly due to Trump's withdrawal of some tariff policies. Operational suggestions Crude oil------sell near 63.00, target 60.00-57.00
NShort
by BraveTigercat
The pivotal technical threshold is $65 for the price of oil The price of US crude oil broke a major technical support in April The price of oil gave a technical red alert at the beginning of April after breaking a major long-term support, all against a complicated fundamental backdrop: the so-called reciprocal tariff trade war, geopolitical tensions and internal divisions within OPEC+. The immediate consequence: a sharp fall in prices, the steepest since the health crisis of 2020. Does this fall reflect economic reality, or is it the result of excessive negative sentiment? WTI has broken the technical threshold of $65, a pivotal level which had been the market peak ahead of the health crisis in early 2020. This multi-year support gave way under the blows of a market frightened by the prospect of a global recession, whereas it had been preserved since last September. But therein lies the nuance: it's not the recession itself that's at work, but the anticipation of a slowdown, fuelled by daily political and commercial volatility. At a fundamental level, the fall in the price of oil represents several factors: - The increased probability of a global economic recession linked to the uncertainty of the prospective international trade framework. - The new all-time record in US oil production and the Trump Administration's intensive drilling policy. - Strong dissension among OPEC+ member countries, which ultimately led to an increase in oil supply of over 400K barrels/day from May onwards, i.e. three times the volume initially forecast - Uncertainty over the evolution of global demand and rising production, it was this new supply/demand ratio that led to the break of the $65 technical support on US crude at the beginning of April. $65 is therefore the fundamental and technical pivot for the price of oil The message is twofold. Technically, the signal is crystal-clear: oil has broken a major support. Fundamentally, the scenario of a recession remains hypothetical, as the economic data have not yet validated it. The market is anticipating, often too fast, often too hard. An analysis of the historical price of US oil shows that the $65 threshold is a kind of frontier between optimistic and pessimistic economic expectations. Clearly, if the market holds below this resistance level, it will be a sign of a trade war that is still a long way off trade agreements. On the other hand, a return to the $65 mark would signal a return to a stable trading environment and a rise in the price of oil towards $80. Finally, from a macro point of view, an oil price below $65 could accelerate the disinflation process, bringing the FED closer to a pivot. April's fall in the price of oil on the commodities market would therefore be a blessing in disguise. DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions. This content is not intended to manipulate the market or encourage any specific financial behavior. Swissquote makes no representation or warranty as to the quality, completeness, accuracy, comprehensiveness or non-infringement of such content. The views expressed are those of the consultant and are provided for educational purposes only. 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by Swissquote
OIL GLUTSTRONG SELL until November 2025 First Target : $52 Second Target : $43 Under the screening of 100 Weeks Bollinger Bands, Oil is in the same situation as in 1986, 1993, 1998, 2014 and 2020 Since there is talk of a glut " Strong production growth expected to increase global oil glut in 2025, 2026" Bloomberg 11/02/2025, the target could be as low as $32 (High 2022 =130 * GannRatio 0.25) However there will be a heavy test at around $52-55, a support line uniting several key points since 12/2006. Eventually, greater volatility alone would make $43 possible. (130*GannRatio 0.33). It is noticeable that in all instances exepted 2014, a very sizable rebound was observed from 6 months after the plunge, so that we would be strongly short right now and contemplate to buy from September 2025 We cannot speculate as to whether there will be 2 plunges (2014) or 1 straight plunge (all other instances excepted 1998) or a prolonged plunge (1993). This is why the test in the $50 is crucial. The article suggests for 2025-26, more in line with 1993 and 2014. Therefore we believe that $43 will be reached.
NShort
by FRED-RABEMAN
Crude oil-----sell near 61.00, target 69.00-67.00Crude oil market analysis: Tariffs have been increased again, and crude oil continues to fall sharply. It is difficult to change the short-term selling of crude oil. In addition, data and fundamentals all suppress it. Today's crude oil can continue to find selling opportunities. The crude oil pattern shows that the possibility of a big rebound is small. We pay attention to the suppression position of its moving average, which has dropped to around 61.80. This position is also the high point of yesterday's rebound. Today's idea will rely on this position to sell it. The first suppression of crude oil is around 59.30, and the strong pressure is 61.80. Fundamental analysis: The tariff war continues to affect the market, and buying and selling have begun a big game. We will pay attention to CPI later, and there will be crude oil inventory data today. Operation suggestions: Crude oil-----sell near 61.00, target 69.00-67.00
NShort
by BraveTigercat
Light Crude Oil (CL) is Targeting Further Declines in the Near TLight Crude Oil (CL) has exhibited a downward trajectory since reaching its high on January 16, 2025, with indications suggesting further declines ahead. The descent follows an incomplete bearish pattern, structured as a double three Elliott Wave formation. The initial decline, termed wave W, concluded at 65.22, followed by a recovery to 72.23, designated as wave X. The price has since resumed its downward movement in wave Y, characterized by a zigzag pattern. From the wave X peak of 72.23, the price fell to 69.27, marking the end of wave (i), then rose to 70.15 in wave (ii). The decline continued in wave (iii) to 60.45, followed by a recovery in wave (iv) to 63.20. The final segment, wave (v), concluded at 58.95, completing wave ((a)). A subsequent rise in wave ((b)) reached 63.90, after which the price resumed its descent in wave ((c)). For this downward trend to solidify, the price must fall below the 58.95 level established by wave ((a)). Otherwise, a potential stabilization or reversal remains possible. In the near term, as long as the 72.23 high remains intact, any upward movements are expected to lose momentum—potentially after 3, 7, or 11 incremental rises—leading to further declines.
N
by Elliottwave-Forecast
Consider Long Positions as Crude Oil Tests Lows -Key Insights: As crude oil tests key support levels around $62, considering long positions with caution could be advantageous. Understanding OPEC's increased production impact and broader market sentiment will guide strategic decision-making. Despite bearish pressures, potential for recovery exists as the market may stabilize and seek reversals. -Price Targets: Next week targets: T1 = $65, T2 = $68. Stop levels: S1 = $57, S2 = $52. The target levels and stops are framed to leverage potential bounce from current lows, allowing room for modest recovery amidst volatility. -Recent Performance: Crude oil prices experienced a sharp decline from the low 70s to the low 60s, touching $62 for the first time since April 2021. This decline aligns with general commodity trends reflecting recession fears, with oil down by approximately 10.6%. -Expert Analysis: Mixed opinions reign over crude oil's trajectory. Analysts point to inflation and constraints hinting at long-term bullish potential, while OPEC's supply increase suggests ongoing downward pressure. Caution is advised as the market's technical trajectory could shift with emerging conditions. -News Impact: OPEC's decision to boost production influences current market sentiment, exacerbating crude oil's selling pressure amid global economic uncertainties. Bond markets have seen increased interest due to stability concerns, further affecting commodity price movements including crude oil.
NLong
by CrowdWisdomTrading
Crude Oil: Volatility and Key Levels in FocusThe Crude Oil (CL1!) chart shows a recent phase of high volatility, with a sharp decline followed by a recovery attempt. After reaching the recent high around 80.77, the price underwent a significant correction, returning to the key support zone between 60.97 and 62.43. This price range represents an important accumulation level, previously tested multiple times in recent months and defended by buyers. From a technical perspective, the area between 65.27 and 69.00 represents a dynamic resistance zone, whose breakout could pave the way for a recovery towards the critical 73.00 area. However, the recent bearish impulse has pressured lower levels, and a weekly close below 60.97 could indicate a structural trend change, with potential bearish targets around 57.00. The RSI is currently in an oversold zone, suggesting a potential consolidation phase or a technical rebound attempt. However, selling pressure remains high, and sentiment is negative, partly driven by global economic uncertainties and concerns about oil demand. From an operational perspective, a move back above 65.27 could indicate a recovery phase, with targets at 69.00 and subsequently 73.00. Conversely, a break below 60.97 would open negative scenarios with a possible extension towards the lower support at 57.00. Investors remain focused on macroeconomic data and OPEC+ decisions, as potential production cuts could trigger a new rally, while an unfavorable macro environment could increase selling pressure.
NLong
by EdgeTradingJourney
1
#202514 - priceactiontds - weekly update - wti crude oil futures Good Evening and I hope you are well. #mcl1 - wti crude oil futures comment: Strong momentum for the bears but I have zero interest in selling where all bears for the past 2 years lost money. Not much more to say about this. Wait for strong buying and join but market will likely do some more testing of 60 first and then sideways before we can go higher. Anything above 63 is a bull surprise and could lead to a squeeze. current market cycle: trading range on the monthly chart key levels: 59 - 63 bull case: Bulls are at prior big support but right now we are still in the spike down phase. Market likely needs some time sideways before we can try a bounce. Bulls would do good if they stay above the 2023-12 low and keep it a higher low. Targets for bulls are the bull trend line break retest around 63.7 and the next breakout retest 2025-03 low at 65. Invalidation is below 59. bear case: Bears had the news crash down and now what? Are they strong enough to make lower lows below 60? I highly doubt it until it happens. Only pattern is an ugly expanding triangle and we are at the very bottom of it. Bears don’t have much reasons to sell down here but technicals only go so far for commodities. I will sit on hands for this. Invalidation is above 63. short term: Neutral for now but I will never sell down here since we have not traded this low for 2 years and every time we went below 65 bears lost. medium-long term - Update from 2025-02-23: Down at support again around 60. Market has not traded below 59 since 2023 and until it happens it’s a bad trade betting on it. It’s a multi-year trading range and below 64 bulls made money, not bears. current swing trade: None chart update: Highlighted broken shallow bull trend line and just removed things
N
by priceactiontds
CRUDE - WEEKLY SUMMARY 31.3–4.4 / FORECAST🛢 CRUDE – 18th week of the base cycle (28 weeks). We are in the 2nd phase, clearly bearish. On March 23 I wrote: "The current base cycle cannot yet be called bearish as it hasn’t broken the starting point. The next key extreme forecasts for crude are March 27 and 31." 👉 Now this base cycle can be considered bearish. Even though the short position from March 27 was stopped out with a planned loss, the extreme forecast of March 31 provided an opportunity to open a new short position. This is a rare case of two closely spaced extreme forecasts triggering back-to-back. These forecasts were issued specifically for crude at the beginning of the year as a window from March 28–31. ⚠️ It looks like my bearish forecast is being confirmed, as outlined in the summer 2024 crude post. The Jupiter–Uranus conjunction is working precisely. All of this resembles the 2010–2014 setup. The previous 4-year crude cycle began in spring 2020 and went sideways from fall 2022. It seems a new 4-year cycle has already started, and its beginning is very weak — much like fall 2012. There’s a high probability this will be a bearish 4-year cycle ending closer to 2028. The next universal extreme forecast is on April 7. The next crude-specific extreme forecast is on May 5.
N
by irinawest