bearish on oilequal lows on crude oil, but with dxy looking bullish, i feel like it would be a little problamatic trying to find a smooth ride lower. The price action is thier tho, i would defietly not be trying to long when we have eqaul lows.
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Crude oil------sell near 70.00, target 66.70-63.00Crude oil market analysis:
Recently, crude oil has been rising, and buying is slowly climbing, but the amplitude is not particularly large. The daily line has not formed a large buying pattern. It is currently a technical repair market after falling too much. Today's idea is to sell on the rebound.
Crude Oil Trade Idea: Intraday mechanicsNYMEX:CL1! NYMEX:MCL1!
Bigger Picture:
Traders should note that news headlines do not always drive the price action. More often, news outlets look for narrative to align with the price action.
Previously, it was about the supply glut and worsening demand due to an uncertain outlook. Now the
Crude Compression, Flagging Into Fire or FailureCrude Oil has been grinding higher within a clean rising wedge (bearish flag), forming within the aftermath of a strong sell-off. Price is now testing a key Intraday Fair Value Gap (1H FVG) inside a broader HTF Macro Supply Zone, while respecting a steep trend line of support.
This structure sets u
CL1! Short Setup – Fading Into Volume Shelf📉 CL1! Short Setup – Fading Into Volume Shelf
🔹 Context:
Price just tapped into a heavy upper volume shelf (68.35–68.50) — the exact area where the prior breakdown started. This zone aligns with rejection highs and the upper edge of the VRVP profile.
📌 Setup Logic:
🔺 Entry: 68.36–68.50 (in
WTI Crude Oil Reverses Lower Near $70 ResistanceA bearish engulfing candle has formed on the daily WTI crude oil chart, with its high perfectly respecting the 38.2% Fibonacci retracement just beneath the $70 handle. Given that the bounce from the June low has been relatively weak compared to the sharp decline from $78, I’m now on alert for a pote
WTI Crude - Turning Bullish? Published as a supplementary analysis for BRENT CRUDE and LIOC, with further coverage to follow.
* WTI has successfully reclaimed its 4-year support line, which was breached in April 2025.
* The Monthly Momentum Indicator reveals a robust bullish breakout, signaling renewed strength.
* As long a
CRUDEOIL FUTURE - BULLISH VIEWCrudeoil just showed a reversal from 0.618 golden fibonnaci zone. It may go till 6000-6100 levels in coming weeks with 5700 as strong support.
please do your own research before taking any trades. This chart is only for educational purpose
CL down sub $60 before moving up above $73Expected support or reversal zone based on last swing high for CL is at $60. This matches with 0.786 fib level of last move up, suggesting a standard SBS structure forming. Expecting a move up to at least $73 (fib 0.236), possibly also well beyond this.
Based on time fib of last swing high I expec
US OILBullish move might continue on US OIL from our zone, can look for confirmation before entry and target Buyside.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for WTI Trade Month Futures (Feb 2025) is Jan 24, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell WTI Trade Month Futures (Feb 2025) before Jan 24, 2025.