Crudeoil is BEARISH if Breakdown 5980Short MCX Crude oil on BREAKDOWN of 5980 Stoploss 6020 Target 5810
Contract highlights
CL Daily time frame has an up Fibonacci: +1,127 ticksThe CL daily time frame is in a sideways range.
The market is near the bottom of the range
showing signs up pushing bullish towards the top
of the range. There is an up Fibonacci with an
extension near the top of the range price point
80.00 about +1,127 ticks above the market. It
will be a good idea
Gas futures at 6-month highs, will oil follow?Oil futures NYMEX:CL1! are forming a weekly reversal pattern at support levels
Gas futures NYMEX:NG1! already made the same pattern and rebounded strongly and is now making 6-month highs
The US energy sector AMEX:XLE is already discounting that a rebound in oil will happen, as it is near a
US OilUS Oil - Crude Oil
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure and Retracement
Change of Characteristics
Demand Zone
Falling Wedge as an Corrective Pattern in Short Time Frame
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Crude Oil - High Tide Pt.2Pt 1 found here .
This is an extremely critical market at this time. What must be understood, is NYMEX light crude oil is not its' own independent market, but rather a BENCHMARK for a larger market for crude oil globally, and its' derivatives. Consider a Kenyan bank, that owns a loan on a Kenyan g
MCL Short 11/22/2024MCL is in an uptrend in 4hr chart. Price is having hard time breaking the TL. But it broke the high volume DZ that has confluence with the 4hr 21 EMA. The drop from the SZ is more than twice of the zone width. Risk= $250. Target= 1:1 and 3:1.
Elliott Wave View: Oil (CL) Short Term May See More DownsideShort Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended at 72.89 as the 1 hour chart below shows. It has then turned lower again in wave 3. Down from wave 2, wave (i) end
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Dec 2019) is Nov 20, 2019.
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 Crude Oil Futures (Dec 2019) before Nov 20, 2019.