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WTI CRUDE OIL

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WTI3! trade ideas

Technical Forecast... Crude OilWith FOMC looming today and NFC I don't see any reason for the Weekly SSL to be taken out and price to at least stab into the Daily FVG. I will be looking out for meaning full moves into these price points during NY session today. London may offer a little chance to create some false idea we have done it but usually the move is fake and revisited. 80.50 is my weekly objective as it has been from late last week. So my trade idea's will evolve around price post retracement and then heading down.
NYMEX:CL1!Short
by IamThattrader
CRUDE OIL (FUTURES): 1 MAY, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context indicates that wave (ii)-purple appears to have just ended, and wave (iii)-purple is being initiated to push lower. In the short term, wave (iii)-purple seems to be opening up to push lower. Wave i-blue is currently in progress, and surpassing the level of 82.14 would indicate the onset of wave ii-blue, preparing for the subsequent wave iii-blue to push lower. Invalidation point: 84.46
NYMEX:CL1!Short
by ShaneHua
Crude Oil WTI - Long Trade IdeaHello hello, My bias is still long. I will link that analysis to this one. So, I am looking for a continuation to the upside. At the moment, everything looks good for a continuation to the upside. The Monthly candle closed above the annotated Monthly SIBI, and a new Monthly BISI was created. What i'm looking now is for price to come into any of those areas, but it will likely enter both. I have annotated 2 POIs for a trade on the Daily timeframes. My "R2F" and "Megaphone" setups are ready to go. The stoplosses illustrated are standard, so the safest thing to do is to wait for confirmation before solidifying a stoploss. The Monthly candle only JUST opened, and as we know the wicks can paint outside of the lines. Anyway, I'm looking forward to see how this pans out. I don't usually trade Oil, but futures are generally cleaner than some Forex pairs like USDJPY. - R2F
NYMEX:CL1!Long
by Road_2_Funded
2
Crude Oil ForecastSo I was looking at Crude on the weekend and I couldn't determine a clear direction for Monday. Now Monday Is almost over and we Have disrespected the Mean threshold of the Daily +OB I do expect price to be bearish and heading down towards the Daily FVG. An Good indicator on the Daily we have respected the WEEKLY ifvg CE. These things are very important to watch. Before 0930est I will post intra day targets that I suspect will be Draw On Liquidity. Bring on Tuesday!
NYMEX:CL1!Short
by IamThattrader
2024-04-25 - a daily price action after hour update - oil wti crude oil comment: Market is making marginally higher highs on the 1h tf but it’s a reasonable triangle we are in. I think it will chop some more inside before another breakout and I think that will be news related/event driven. current market cycle: trading range key levels: 80-86 but converges inside 82-84 bull case: Bull legs inside the range look stronger (1h tf or lower) but they are not gaining much higher prices for now. If they could break 84, we will almost certainly see 85 and maybe 87 again. bear case: On higher time frames bears are still in control below 84. We are at the triangle top and they want to trade back down here or they risk retest of 84/85. Market is wildly ranging with prominent tails above and below candles. Need very wide stops to trade this. short term: Sideways to down - Two legged correction as drawn in pink medium-long term: Will update this once equities show more weakness. My thesis for many months now is, that we will see a big shift - Equities off - Commodities on. —unchanged trade of the day: Bulls turned 82.5 into support and the bar 12 was strong enough to go long above.
NYMEX:MCL1!
by priceactiontds
CL1! (CRUDE OIL) ... BULLISHBullish. After forming a new peak high, price retraced to the +FVG. Friday's "news wick" tapped the -FVG above and quick returned the +FVG. Should the +FVG hold, expecting price to move toward the highs, as price moves from Internal -> External liquidity. The LRLR to the lower left is a draw on LQ that bears watching. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want to catch all of my future postings!
NYMEX:CL1!Long
by RT_Money
Crude hits weekly demandCrude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the bottom end. I do not like to use thin candle bodies as demands if they can be avoided. -77-81$ seems like a buy zone here on the weekly for continuation -My target of 90-92$ remains
NYMEX:CL1!Long
by Apollo_21mil
Oil / Crude Oil Heading into end of WeekSo we are on the Daily Not moving with much drive and lets say... obvious direction when it comes to day to day bias (Overall Bearish) I am ONLY focusing on PDH and PDL as targets today with any signal to buy or sell into the market being in a discount before I place a trade. Range day - yes To consider that Thursday's have seen good movement on Oil recently so keep this in mind. Consider also that the Daily wick CE is also aligned with the weekly ifvg. I will be looking to enter positions today as I am a scalper however anything on the 15min or above I would side with caution as prolonged moves may not be on the cards esp going on the last two weeks of PA. Also like to thank the people who Boost my posts it means a lot.
NYMEX:CL1!
by IamThattrader