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Crude Oil Futures (Nov 2024)

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Crude Oil Weekly Outlook: Inventory Pressure and 59.7 Key levelBackdrop: The Crude Oil Narrative The tone in crude oil has been largely defined by a tug-of-war between demand uncertainty and controlled supply. OPEC has maintained its view that global oil demand should continue growing into 2026, but at a modest pace. Despite this, the group has acknowledged noticeable inventory builds worldwide over recent months. That dynamic alone has kept sentiment cautious and has acted as a headwind for sustained rallies. OPEC+ has also chosen to hold off on further production increases into early 2026. Instead of expanding output, the group is now focusing on capacity assessments and quota alignment among members. This shift signals discipline on the supply side, but also suggests that the group is aware of potential oversupply risk if demand fails to firm up. Markets have been responding to this mixed backdrop. On one side, controlled supply helps prevent severe breakdowns. On the other, rising inventories and uneven demand expectations limit follow-through on the upside. As a result, price discovery has been driven less by strong directional conviction and more by rotation between value areas, bid blocks, and responsive supply zones. Recent price behavior reflects traders waiting for clearer demand signals before committing to a trend. What the Market Has Done? At the end of September the market sold off but found support around the 60.17 area. That initial drop appears to have been triggered by worries about economic growth and a stronger dollar undermining demand. At the start of October sellers stepped down and held the 62.3 level, which corresponds to the Composite Value area LVN. From that zone prices continued to sell off to 56.0 by mid-October. The continued selloff seems to reflect growing bearish conviction as macro data added to demand fears and inventories remained elevated. Buyers began to accumulate again, forming bid block 1. From there the market auctioned prices upward back to the 62.3 area where sellers were still present and defended that zone vigorously. From the last week of October up until the third week of November offers steadily stepped down as the market grinded lower, auctioning price down back toward bid block 1. Buyers responded by stepping up bids and holding the top of bid block 1 range. Throughout the last week of November the market balanced between 59.0 and 57.3, forming bid block 2 with clear buyer accumulation in that area. In the most recent week, the market balanced between 58.4 (roughly the midpoint of bid block 2) and 59.82 (17 November weekly VPOC). This shifted the weekly value area higher. Last Friday, the market managed a close above the previous week’s VAH, suggesting that buying strength may be gaining momentum. What to Expect This Coming Week? The key level to watch is 59.7, which was last week’s VAH. Bullish scenario If the market holds above 59.7, anticipate a possible move up toward the 61.0 area, which corresponds to a daily level 1 and the weekly 0.5 SD high. Expect sellers to possibly defend 61.0. If price breaks through that zone, the next target is 62.3 (Composite Low Value Area), which is confluent with the weekly 1 SD high. Bearish scenario If buyers cannot defend 59.7, the market could drop back through last week’s value area toward 59.0 (previous week’s VAL), confluent with the weekly 0.5 SD Low. Expect buyers to possibly defend 59.0 Should that support fail, price could move further down toward 58.0 (24 November weekly VPOC), which is confluent with the weekly 1 SD low. Neutral scenario If sellers respond at the 61.0 area or if buyers step up at 58.0, the market could balance here and potentially shift value higher as buyers accumulate. Conclusion In summary crude oil has been trading under pressure from macroeconomic headwinds and demand concerns while finding support at key zones. The market has rotated between zones and recently shows signs of buyer strength. The key 59.7 level will likely dictate whether price heads toward 61.0 or returns toward 58.0. What’s your outlook for Crude this week? Drop a comment and give this post a boost so more traders in the community can join the discussion! Thank you. Disclaimer: This is not financial advice. Trade responsibly and manage your risk carefully.
NYMEX:CL1!Long
by EdgeClear
6 Back-to-Back Winning Trades Using Ellipse Price Action.6 Back-to-Back Winning Trades Using Ellipse Price Action Indicator (Crude Oil · 1H) Ellipse Price Action Indicator captured 6 clean winning entries on MCX Crude Oil (1-Hour). The system is simple: ✔ Indicator gives Buy/Sell Signal (Green/Red Triangle or Orange Arrow) ✔ Take entry only when price is outside the Ellipse boundary ✔ Exit strictly at the Moving Average (MA) ✔ Never trade in the middle zone or when price is sitting on the MA ✔ Follow stop loss at opposite side of the ellipse Trade-by-Trade Breakdown 1.🔻 Signal-1 → Short Entry → WIN Indicator gave Short Signal-1 at ellipse top Price dropped smoothly Take Profit at MA for Trade-1 ✔ Clean reversal trade 2.🟢 Signal-2 → Long Entry → WIN Oversold conditions + indicator gave Long Signal-2 Strong bounce from lower ellipse Exit at Moving Average for trade-2 ✔ System worked beautifully — TP hit immediately 3.🟢 Signal-3 → Long Entry → WIN Price again touched lower ellipse Indicator gave Long Signal-3 Clean breakout candle Take Profit at MA for trade-3 ✔ Another textbook reversal 4.🟢 Signal-4 → Long Entry → WIN Third buying zone from ellipse bottom Long Signal-4 triggered Strong continuation move Take Profit at MA for trade-4 ✔ Perfect bounce-to-MA setup 5. 🔻 Signal-5 → Short Entry → WIN Price rejected exactly at upper ellipse boundary Indicator gave Short Signal-5 Trend followed down toward MA Take Profit at MA for trade -5 ✔ High-probability entry in sell zone 6. 🔻 Signal-6 → Short Entry → WIN Compression high + overbought zone Short Signal-6 activated Smooth drop Take Profit at MA for trade-6 ✔ Final clean short as per system rules 4️⃣ BEST ENTRY ZONES Long at Lower Ellipse Boundary Short at Upper Ellipse Boundary Avoid central zone completely 2️⃣ EXIT RULE (VERY IMPORTANT) ✔ Exit 100% of the trade at the Moving Average This rule alone protects profits and avoids reversals. 5️⃣ RISK MANAGEMENT 0.5–1% risk per trade Never add positions in the middle zone Trade only clear signals with confirmed direction 🔥 Why This Indicator Works So Well Your screenshot demonstrates: ✔ Automatic reversal detection ✔ Early trend shifts ✔ Compression + expansion zones ✔ Perfect MA exits ✔ No repainting structure ✔ High-probability entries at ellipse extremes 📌 FINAL POST CAPTION (Copy–Paste for TradingView) "6 Winning Trades in a Row — Ellipse Price Action Indicator (Crude Oil 1H). Buy/Sell Signals only at boundaries. Strict exit at MA. Zero trades in middle zone → Zero noise → Maximum accuracy." (Follow and Boost Script and Idea) MCX:CRUDEOILM1!
MCX:CRUDEOIL1!Education
by Adijohn
4
Crude Oil Sell around 59.00.target 58.00 to 56.00Crude Oil Market Analysis: Recent crude oil price movements have been essentially free money; there's no easy analysis to follow. The key is to wait for the right entry point. Sell when the price reaches the expected rebound level. Conversely, as long as it doesn't break 60.50, it remains extremely weak. Crude oil is bearish, and short-term fluctuations don't change the overall bearish trend. Sell at 59.00 today. Fundamental Analysis: The Fed's interest rate decision was in line with market expectations. The rate cut didn't bring much surprise to the market, except for the official announcement of further rate cuts in 2026, which was somewhat unexpected. In the long term, this will weaken the dollar and support gold. Trading Recommendation: Crude Oil – Sell around 59.00, target 58.00-56.00
NYMEX:CL1!Short
by FlyingTowardsWealth
The #1 Re-entry On Sell Shorting OilCrude oil has found a good re- entry to a short sell this is something you really need to look into. On the press you will see that the president of the USA recently captured an oil tanker vessel on the sea port. It belonged to Venezuela Which has the largest oil reserves in the world AM not sure of the details. But the president Donald Trump told the media that it was a huge ship carrying lots of oil reserves. Understand that a oil tanker is so huge approximately about 16 blocks of an average neighbourhood This means if you was on an oil tanker you would need a car to drive from one end of the ship to the other end This drive would take you about 20 mins at a slow speed. Thats how big these ships are. I got this concept from Robert Kiyosaki who was once a ship officer Having oil reserves allows countries with this commodity to control the price of oil which is transported via the sea ports Oil is the life blood of the economy since the beginning of time. The country that has oil will gain political and economy power all around the world Some speculators say that the oil price is cheap relative to the price of bottled water. this is a signal to note that the best short price is in the price of oil NYMEX:CL1! Trade safe. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies also feel free to use a simulation trading account before you trade with real money,.
NYMEX:CL1!Short
by lubosi
Crude Oil MCX (4H) – Detailed Technical Analysis Trend Short-term trend is bearish, with consistent lower highs under the falling supply trendline. Key Zones 🔴 Strong Supply Areas Ultra Strong Supply: 5400–5550 Immediate Selling Zone: 5280–5340 → Strong resistance. Price must close above this for a clear bullish reversal. 🟢 Demand Areas Minor Demand: 5080–5150 → Expected short-term bounce zone. Strong Demand: 4950–5050 → High-probability reversal zone if price drops deeper. 3️⃣ Price Scenarios 🟢 Bullish Scenario If price holds 5080–5150 and breaks 5280–5340, Upside Targets: 5350 → 5450 🔴 Bearish Scenario If price rejects from 5280–5340 OR breaks below 5150, Downside Targets: 5050 → 4950 4️⃣ Final Outlook Market currently weak but near demand. Sustain above 5340 = bullish reversal. Sustain below 5150 = continuation downside. ⚠️ Disclaimer This analysis is purely for educational purposes. Not investment or trading advice. Always use stop-loss and proper risk management.
MCX:CRUDEOIL1!Long
by SECLUDED_CHARTS
Crude Oil Showing Lower Rejection For NowCrude Oil Futures (January 2026 Contract) Analysis—4h Chart Crude oil futures (NYMEX: CLF2026) are trading at $58.92 as of the latest 4-hour bar, showing a positive move of +$0.57 (+0.98%) for the day. Today’s session marks a modest recovery for oil, with prices ranging between a low of $58.31 and a high of $59.05. Key observations: After hitting our sell take profit zone this morning, the level was rejected. After dipping to the session low, prices rebounded to close just under the high, suggesting renewed buying interest. Trend outlook: With gains near 1%, short-term technicals suggest further upside if momentum continues. Watch closely for a break above $59.05 for confirmation. Volatility: Intra-session swings remain moderate, but a move above or below today’s range could set the tone for the next direction. Quick Take: Crude oil remains sensitive to global supply cues and economic sentiment. Traders should monitor key resistance near $59.05 and support at $58.31 for breakout signals. Cautious optimism is warranted as oil seeks direction near these pivotal levels. This is not trade advice. #CrudeOil #Futures #TradingView #OilMarkets #TechnicalAnalysis
NYMEX:CLF2026
by TheMotivationalProfessor
Will Crude Oil Rise or Fall?Crude Oil Futures (Jan 2026) - Market Analysis Crude oil is trading at $58.39 per barrel, down 0.19%. Recent data show prices ranging from $58.12 to $58.62, indicating a period of consolidation. Key support is forming around $58.12, while resistance is at $58.62. The overall momentum suggests limited near-term volatility, with the price hovering near its recent lows. Traders should watch for a breakout above resistance or a drop below support for the next directional move. Stay tuned for further updates as market conditions evolve, and always manage risk appropriately when trading futures. #crudeoil #oilprices #trading #commodities #marketanalysis
NYMEX:CLF2026
by TheMotivationalProfessor
3 Reasons Oil Prices Are Falling — The Rocket Booster Strategy The Rocket Booster Strategy Explained 🔥 The Rocket Booster Strategy: Why Oil Prices Are Falling Right Now == In the current market environment, Oil has entered a powerful bearish phase, and the chart is telling the whole story. One of the simplest yet most effective technical confirmations is what I call The Rocket Booster Strategy — a momentum -based system built around the 50 EMA and 200 EMA. 🚀 What Is the Rocket Booster Strategy? Think of the 50 EMA and 200 EMA as “boosters” that guide trend direction and strength. When price is above both EMAs, the trend has bullish thrust. When price is below both, the boosters point downward, signaling strong downside momentum. Right now, Oil is experiencing exactly that. 📉 Why Oil Is Falling 1. Price Has Broken Below the 50 EMA The 50 EMA is the first momentum filter. When price closes below it, short-term strength weakens and buyers lose control. 2. Price Is Also Below the 200 EMA This is the bigger confirmation. The 200 EMA represents long-term trend direction. Once price sits below it together with the 50 EMA, the market enters a “gravity zone,” where selling pressure accelerates. 3. EMAs Are Widely Spread The distance between the two EMAs is expanding — a sign that the bearish momentum is not just a pullback but a trend continuation. This is a classic rocket-booster alignment but pointed downward. 🧭 What This Means for Traders The Rocket Booster Strategy tells you one thing: ➡️ The path of least resistance for Oil right now is DOWN. This setup is often used by trend followers to: Take short positions on pullbacks to the 50 EMA Ride momentum moves as long as price stays below both EMAs Target previous swing lows or major demand zones It’s not about predicting — it’s about trading with the flow. ⚠️ Risk Notes No strategy is perfect. Always watch for: Fakeouts above the 50 EMA Sudden news-driven spikes Oversold conditions on higher timeframes Key support levels that may attract buyers 📌 Final Thoughts The Rocket Booster Strategy is powerful because it keeps trading simple. When the 50 EMA and 200 EMA are stacked above price, the boosters are firing downward. Oil is currently in this formation, meaning sellers still control the market. Until price climbs back above the EMAs with strong candles, rallies may simply be opportunities to sell into strength. Rocket boost this content to learn more. Disclaimer: Trading is risky please learn risk management and profit taking strategies also feel free to use a simulation trading account before you trade with real money
NYMEX:CL1!Short
by lubosi
Crude Oil MCX Future - Intraday Technical Analysis - 9 Dec., 25Crude Oil MCX Futures — Chart Pathik Intraday Levels for 09-Dec-2025 (If these levels add value to your trades, a quick boost or comment goes a long way in supporting this free content and keeping our trading community thriving!) Crude Oil Futures are trading near 5,323 after a sharp rejection from the 5,416–5,461 resistance zone, and price is now slipping back below the zero line at 5,334, shifting control intraday in favour of sellers. The recent break back under the old descending trendline also warns that the latest spike may have been an exhaustion move rather than the start of a sustained uptrend.​​ Bullish Structure Longs activate again only above the Long Entry band at 5,400, with more conviction once price holds above 5,412 (Long Target 1 zone) and the Short Exit at 5,416.​ Targets: 5,461 (Long Target 2 / upper resistance where intraday booking is favoured) for any strong reversal back into the supply zone.​ Control: On any long attempts from lower supports, risk can be defined around the Zero Line at 5,334 and the recent support at 5,305; a clean break below 5,305 would invalidate intraday bullish structure.​ Bearish Structure Shorts remain the preferred structure while price trades below 5,334 and especially on failed retests of 5,358–5,371 (Long Exit and Short Entry band).​ Fresh shorts open on rejection near 5,358–5,371 with downside focus towards 5,256 (Short Target 1) and 5,207 (Short Target 2) if selling pressure extends.​ Control: Fast short covers are required if price reclaims and sustains above 5,400–5,416, where bearish structure weakens and a squeeze towards 5,461 can develop.​​ Neutral Zone 5,334 is today’s inflection and zero line—expect choppy, stop-hunting action while crude trades between roughly 5,305 and 5,358 without decisive 4‑hour closes beyond this band.​ Every setup is designed for structure, plan, and logic—let the chart work for you, not your emotions. Boost or comment if these levels help your preparation—help Chart Pathik keep delivering quality analysis to more intraday traders!
MCX:CRUDEOIL1!
by ChartPathik
Crude Oil MCX Future - Weekly Technical Analysis - 01 -05 Dec.MCX:CRUDEOIL1! Crude Oil MCX Futures — Chart Pathik Weekly Levels for 01–05 Dec. 2025 (If these levels add value to your trades, a quick boost or comment goes a long way in supporting this free content and keeping our trading community thriving!) Crude Oil Futures are trading around 5,345, consolidating just above the Weekly Zero Line at 5,324 and near the W Short Exit band at 5,345, reflecting a pause after a strong recovery from sub‑5,150 levels. Price is holding higher lows on the 2h framework, keeping the broader weekly bias mildly bullish while testing an important supply zone.​​ Weekly Bullish Structure Weekly long bias remains active above the W Long Entry level at 5,250 and the W Add Long Position zone at 5,223, where prior demand and breakout structure align.​ Upside reference targets stand at 5,466 (W Long Target 1) and 5,553 (W Long Target 2), marking positional booking areas if crude sustains above the Zero Line and builds higher highs.​ Control: Positional longs can trail or define risk below the W Long Exit at 5,173 and more structurally below 5,223, where the weekly bullish structure begins to weaken.​ Weekly Bearish Structure If price slips back below 5,223 and fails to reclaim 5,250, focus shifts to the W Short Entry zone near 5,195, where breakdown retests can invite fresh selling pressure.​ Downside weekly targets lie at 5,182 (W Short Target 1) and 5,095 (W Short Target 2), providing zones for swing short profit booking if weakness extends.​ Control: Bears must stay cautious on any strong reclaim above 5,324–5,345, where failed breakdowns can flip into a squeeze towards the weekly long targets.​​ Neutral & Trading Plan Context 5,324 is the Weekly Zero Line pivot—while crude trades between roughly 5,250 and 5,345, expect choppy mean‑reversion swings rather than a clean directional trend, favouring tactical buys near support and profit booking near resistance.​ Use these weekly levels to frame intraday entries, exits, and trailing logic—let the chart define structure and risk, not emotions.​ Boost or comment if these weekly levels support your preparation—help Chart Pathik keep delivering structured, high-quality analysis to more MCX traders!
MCX:CRUDEOIL1!
by ChartPathik