Crude Oil Going Higher - TA and fundamentals aligneThe 0-5 count is not over yet.
Sudo 4 and 5 are still lurking.
It's good to see how the Medianline-Set cought the Highs of the swings. Likewise we can see the subborn rejection at the Center-Line at P3.
I will not trade CL to the short side, until it's clear that P4 is engraved in this Chart. Unti
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#202523 - priceactiontds - weekly update - wti crude oilGood Day and I hope you are well.
comment: Time to be very cautious as a bear and hopeful as a bull. 3 clear legs down and the third could not make a new low. Now the market closed at the weekly high and it’s a fitting place for a reversal. 65 should be the highest bears should allow it. If bulls g
NLong

Crude Oil Triangle Breakout Near – Watch 5600 Zone Closely!🛢 CRUDEOIL – Weekly Outlook (4H Timeframe)
Published by: Shalvi Sharma (Power Commodity Trading)
Crude is trading around 5568 and approaching a crucial triangle breakout zone.
⚠️ Key Levels:
Breakout Resistance: 5600 – 5675
Bearish OB Zone: 5675 – 5800
Immediate Support: 5374 (EMA55)
Deman
MLong

Crude oil PO3I am watching this PO3 for a while now. The invalidation for this would be below the last low and the technical target is at least the range high.
MLong

Oil Price Approaches April HighThe price of oil may further retrace the decline from the April high ($71.16) as it continues to carve a series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in crude like the price action from earlier this year.
WTI Crude Oil Stalls At Technical JunctureCrude oil has enjoyed a decent rally in recent weeks thanks to improved sentiment and OPEC+ scaling back production. Yet momentum turned against bulls on Tuesday, despite positive trade talks between the US and China. Today I discuss whether this could be a turning point for oil, or simply a bump in
Why Oil Stays Bullish: Israel-Iran and the APMMCurrent geopolitical tensions between Israel and Iran have precipitated significant volatility in global oil markets. This study analyzes the immediate and medium-term impacts of the conflict on oil prices utilizing the Advanced Petroleum Market Model (APMM), a multifactorial fundamental analysis fr
NLong

Great "SELL" entry on OIL!1). Inflation came-out lower, which is a Barometer for Oil! 2). Completion of 5 wave sequence! 3). Volume is dropping on the rise! 4). Banks are selling liquidity! 5). Trend is intersecting with 50% Fib. level! 6). Economy is slowing! 7). Checks all the boxes for reversal!
NShort

Oil Market on Edge Any disruption to Iranian oil supply could prompt OPEC to boost output quickly, says ING's Warren Patterson. But there's a limit to how much the cartel can buffer the market—especially if tensions escalate in the Persian Gulf, where most of OPEC's 5M bbl/day spare capacity sits.
🛢️ The Strait of Hor
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of WTI Trade Month Futures is 74.71 USD — it has risen 2.47% in the past 24 hours. Watch WTI Trade Month Futures price in more detail on the chart.
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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 WTI Trade Month Futures. 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 WTI Trade Month Futures technicals for a more comprehensive analysis.