MCX Crude Oil Hourly PredictionAs shown in the attached chart, MCX Crude Oil performed well under 1 hourly chart always.
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Oil's (CL) Rally Likely to Stall, Signaling Deeper LossesThe current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wav
OPEC at a turning point: what’s next for oil? All eyes are on OPEC ahead of its May 5 meeting as it faces pressure from falling prices, weak demand, and internal rifts.
While some expect a pause in output hikes, the consensus points to continued increases. The group’s decision will be key in shaping oil market dynamics amid trade tensions
Oil prices (WTI) remain bearish below $65Introduction: In a market analysis we brought you in mid-April, we explained that the price of US crude oil on the commodities market had broken a pivotal technical level, the price of $65 per barrel of Texas crude oil (WTI). As the benchmark for the price of black gold in the United States, this f
WTI Crude oil Holds Support Despite OPEC Production IncreaseWTI crude was on the ropes Monday morning following another surprise production increase from OPEC+. Yet despite the weak start to the week, oil prices held above the April low despite the bearish headlines.
Given we've already seen a -15% decline over the prior eight days and a bullish divergence
Crude Oil 4h time frame , potential double bottom🛢️ WTI Crude Oil (WTI3!) 4H Chart Analysis – May 5, 2025
🧠 Technical Snapshot:
Market Structure:
Clear downtrend from late April into early May.
Price recently found support at $54.38, a level that previously held as demand in early April.
Current Price Action:
Strong bullish reaction from the $
Oil Rebounds to $59 as US Inventories Drop – Reversal Ahead?After recent declines, crude oil futures (CL1!) staged a modest recovery during Thursday’s session, trading near $59.10 per barrel. The rebound comes as US crude inventories unexpectedly dropped, easing concerns about oversupply and providing a short-term lift to prices.
Key Drivers Behind the Reb
Using Moving Averages Like a ChaseHow Institutions May Be Using Moving Averages to Align Technicals with Fundamentals
Are moving averages just for retail traders and chart watchers? Not if you're JPMorgan Chase.
While many associate moving averages (MAs) with simple trading strategies, institutional giants like JPMorgan Chase lik
Oil long term downOil
Monthly
Monthly continuation down
Psychological support level 50
Strong 43.5 level
Weekly
Expecting weekly continuation down
R/R high as price is really close to 55 last's month low level
Conclusion
Not a good trade setup
However long term is down maybe all the way to weekly or monthly RSI 30
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of E-mini Crude Oil Futures (Oct 2030) is 61.525 USD — it has risen 0.82% in the past 24 hours. Watch E-mini Crude Oil Futures (Oct 2030) price in more detail on the chart.
Track more important stats on the E-mini Crude Oil Futures (Oct 2030) chart.
The nearest expiration date for E-mini Crude Oil Futures (Oct 2030) is Sep 19, 2030.
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 E-mini Crude Oil Futures (Oct 2030) before Sep 19, 2030.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For E-mini Crude Oil Futures (Oct 2030) this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for E-mini Crude Oil Futures (Oct 2030) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for E-mini Crude Oil Futures (Oct 2030). Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of E-mini Crude Oil Futures (Oct 2030) technicals for a more comprehensive analysis.