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Micro WTI Crude Oil Futures (Aug 2028)Micro WTI Crude Oil Futures (Aug 2028)Micro WTI Crude Oil Futures (Aug 2028)

Micro WTI Crude Oil Futures (Aug 2028)

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Institutional Order Flow MCl1!Institutional order flow on MCL1! is showing a draw on liquidity with relative equal lows near 55 - 55.5 pricing. Dropping down to the lower time frame the swing structure holds true and is pointing at lower prices in the near future. We're looking for entries on the lower time frame and following the fractal trend within the Daily. Waiting for confirmations, it looks like today will be a bearish day with the nearest target of 59.31 As always, wait for a confirmation entry, and hold small running positions for if we get deeper profits.
NYMEX:MCL1!Short
by renegadeforex
CRUDE higher-low structure🛢️ CRUDE OIL – 4H CHART UPDATE Price is testing the upper trendline resistance after forming a higher-low structure — signaling early bullish intent. Technical Outlook: • Multiple rejections near 5340–5360 now acting as breakout zone • EMA 25 crossing above EMA 55 – momentum buildup • RSI showing steady recovery from oversold levels Setup to watch: ➡️ Bullish breakout above 5430 may open room toward 5520–5560 ➡️ Rejection could trigger a retest near 5280–5320 before next move Bias: Mildly bullish while price sustains above 5340 Short-term momentum building up — watch for breakout confirmation on volume! This view/setup is for learning purpose only!
MCX:CRUDEOIL1!Long
by Shalvisharma5
Crude Ready For New Strong Leg UpCrude oil is recovering for the last few weeks, after new sanctions against Russia, with price rebounding from 56 sharply and impulsively. This suggests an important new swing low is in place, and we should now be aware of more upside ahead, with a minimum three-wave recovery that could take us toward 66.60 or even higher, after that wave b/ii setback which is now coming to an end at 58-59 support area. Even HS bullish pattern is calling for more upside. GH
NYMEX:CL1!Long
by ew-forecast
5
Crude Oil – Sell around 61.00, target 60.00-58.00Crude Oil Market Analysis: Crude oil has rebounded, presenting another selling opportunity. We maintain our bearish outlook on crude oil. Today, you can sell directly at 61.00, or consider selling at 61.50. Regardless of the fluctuations, it's a sell opportunity. Crude oil volatility has been minimal in recent months, so patience is needed to enter the market. The overall trend for crude oil is unlikely to change. Fundamental Analysis: There are no major data releases today; all are routine data. The most important data this week is tomorrow's CPI, which has seen significant fluctuations over the past year. Trading Recommendation: Crude Oil – Sell around 61.00, target 60.00-58.00
NYMEX:CL1!Short
by GoldenSpaceship
Crude Oil – Sell around 61.50, target 58.00-56.00Crude Oil Market Analysis: Crude oil has recently started to decline on the daily chart, with a larger drop than before. Previously, the declines were smaller, but recently the fall has accelerated. Sell on any rebounds. Pay attention to the resistance around 61.40. The daily moving averages are starting to diverge. A break below 55 would trigger a major daily downtrend. Currently, the market is experiencing a volatile decline. Fundamental Analysis: Recent comments from Federal Reserve officials have signaled continued interest rate cuts. It is expected that the rapid easing policy will continue, which will support further buying and upward movement in gold. Trading Recommendation: Crude Oil – Sell around 61.50, target 58.00-56.00
NYMEX:CL1!Short
by GoldenSpaceship
"Long-Term Long" GL1"Since the macro bias (1W) is bullish 1W confirms this (forming a Higher Low), my most likely scenario is a "Long-Term Long". Then, as you absolutely correctly identified, the "fuel" for this move is "many unbroken local highs". The market will act like a magnet to these 'Internal BSL' (Buy-Side Liquidity) zones, one after the other, with the ultimate "long-term target" at the 'External BSL'." This is not investment advice!!! Keep your risks low!!! Happy trading!
NYMEX:CL1!Long
by IhorMerkulenko