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WTI Trade Month Futures (May 2025)WTI Trade Month Futures (May 2025)WTI Trade Month Futures (May 2025)

WTI Trade Month Futures (May 2025)

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TCSK2025 trade ideas

Can we SHORT OIL from Daily Supply Zone / 78.5% Daily Fib Level?NYMEX:CL1! "The One Most Adaptable to Change is the One that Survives." -Charles Darwin As I've been paying close attention to OIL, we may have an opportunity to go SHORT from this un-Mitigated HTF Daily Supply Zone / 78.5% Daily Fib. Level.... 1) What I'll be looking for is for buyers to push price up into this Daily Supply Zone and hit $83.00 Per Barrel which would be the EQ Level of the Overall Daily Supply Zone and this pricing would line up perfectly with the Daily Fib. Level 78.5% Kill-Zone!! 2) Now if we can see buyers push price up into these levels ($83.15) Per Barrel, then I'll drop down to a LTF 5-15m Confirmation entry to SHORT and Target 62.0% Daily Fib. Level ($80.85) Per Barrel. Roughly around +230 points in our favor SHORT! 3) I'll keep close update as PA develops and we have more data to work with... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!Short
by TreyHighPwr
Gold silver Bitcoin Tesla July 2nd 2004 this video started with Tesla because I thought Tesla was going to go lower and now it went higher, and I'm wondering if this is the climactic move that's going to reverse lower even though there are reasons to think that this is a reversal pattern that will go lower..... and yet the price action is bullish. nobody that I know really likes to get out of the market early and then that Trader has remorse for exiting prematurely. personally I think markets are designed to attract you to make a trade decision that looks like a good decision until you get killed by the trade..... remember don't eat gingerbread cookies from a strange woman if it isn't your mother... unless you're pretty sure she hates you. THE market is filled with behaviors that are intended to attract you to the wrong trade decision when you don't know what you're doing.
NYMEX:CL1!
by ScottBogatin
Oil Set to Re-test $82.71 Amidst Market ConsolidationOil prices are currently in a consolidation phase and are expected to test the $82.71 level by the London session. This price action suggests a continuation of the uptrend. For those already in the market, it's advisable to seek sell opportunities in line with your trading strategy. For instance, if you trade using Supply and Demand principles, identify supply zones towards $82.71. Once the market tests this zone and it holds, look for buy signals as confirmation of the continuing uptrend. Oil recently hit a fresh two-month high, driven by mounting geopolitical risks in Europe and the Middle East, as well as the threat of a hurricane in the Caribbean. With these factors in play, a significant drop in prices is unlikely. Therefore, it's crucial to monitor for sell setups towards this re-test zone and then prepare to capitalize on the anticipated upward momentum. There is potential to capture substantial moves towards the upside.
NYMEX:MCLQ2024Long
by yojavi
Will oil plummet? Or is this chart primed for a reversal?Oil ended april as a first red month, in which case may id be looking for sell high, they kept price suppressed and didnt attempt to make any significant higher highs this month, since there was no real place, except the start of may, to sell high, (and fundamentals somewhat driving my thesis) i would expect them to keep trapping volume down low for the frontside move of the week, and shift momentum to the upside later in the week ending as a first green month (closing the month above previous month close 81.15 (CL1!) - after attempting to continue going lower in a previous downtrend) friday was a first green day, so mondays thesis would be to look for a buy low in any 1 of the 3 sessions. past 3 weeks have been inside week for the most part, this is primed for a serious reversal. May the markets be with you all!!
NYMEX:CL1!Long
by thesturdygentleman
2
Oil's Descent: Triangles, Elliott, Reversion, & BackwardationIn this analysis, we will delve into the oil market’s current state and explain why a significant reversal is imminent. Contracting Triangle Oil has been forming a contracting triangle since the beginning of May. The lead-up to the triangle was bearish, so statistically, the breakout should also be bearish. The upper extreme of the triangle is at $84.45, but prices could advance up to $87.67 before invalidating the bearish breakout. Wave C of E of X According to Elliott Wave analysis, contracting triangles form five waves (i.e., A, B, C, D, E). Typically, each of those five waves subdivides into a zigzag (i.e., A, B, C). We can clearly count five waves of the triangle and three waves of the final zigzag, indicating that the reversal should occur at any moment. Mean Reversion On the daily timeframe, oil has approached the overbought level on three different mean reversion indicators. It has been overbought since June 17, according to the Stochastic Oscillator, and it will be overbought according to RSI and Bollinger Bands at $85.09. Backwardation Backwardation, where forward contracts are traded below the expected spot value at maturity, often signifies a bullish outlook for crude oil. However, it can also indicate short-term market stress caused by buyers' panic over excess demand or insufficient supply. This scenario often results from an overreaction, and as future supply and demand expectations come into balance, the oil market tends to experience a selloff towards more rational pricing. Given the current strong state of backwardation in oil futures, this dynamic could unfold, contributing to the next market downturn. Executing the Bearish Strategy As this is a countertrend trade, risk should be tight, and one’s stop loss should be adhered to religiously. While unlikely, if prices were to continue their ascent, and you have a wide or flexible stop loss, you could experience a substantial loss. I believe the best place for a stop loss would be just beyond the end of intermediate wave C at $87.68. If prices move beyond this level, it would invalidate the Elliott analysis and offer a strong indication of a bullish breakout from the triangle. As long as prices hold below this level, the outlook would remain bearish, unless a strong consolidation pattern forms near these highs. If the analysis is correct and we do see a bearish breakout, prices could easily decline to $65, possibly lower. This would be a reasonably conservative target, but I am planning a discretionary exit as price action develops. As for entry, this is a personal decision. I see three possible options: Wait for prices to climb a little higher (less risk at entry if successful, with a chance of entering lower with more risk if unsuccessful). Wait for prices to decline a bit to confirm the analysis (higher probability of a winning trade, with greater initial risk at entry). Enter now (somewhere in between options 1 and 2). Good luck, everyone!
NYMEX:CL1!Short
by epistemophiliac
Re-Test Zone Held: Bullish Momentum Signals Time to BuyOil has successfully tested and held the key re-test zone between $82.40 and $82.90, breaking structure to the upside and signaling a strong continuation of the uptrend. With this confirmation, the market appears ready to advance towards $85 per barrel. For those already in the market, now is an opportune moment to consider buying opportunities based on your trading strategy. Whether you trade using Supply and Demand principles, moving averages, or any other technical approach, this bullish momentum presents a favorable environment. Crude oil futures have been bolstered by a confluence of factors, including geopolitical risks, seasonal demand expectations, and potential inventory draws. The initial drop earlier this year following OPEC+ production cuts has been reversed, and prices are now holding above $80 per barrel as traders anticipate further upward movement. As always, it's essential to trade responsibly and base your decisions on thorough analysis and understanding of the market. If you see the same bullish signals that I do, this could be a prime opportunity to capitalize on the anticipated rise to $85 per barrel. However, trading comes with inherent risks, and it's important to take full responsibility for your trades. Keep an eye on market developments and be ready to adjust your strategy as needed. The potential for substantial moves towards the upside is strong, but ensure that your decisions align with your own analysis and risk tolerance. Happy trading!
NYMEX:MCLQ2024Long
by yojavi
Oil Approaching Key Re-test Zone Amid Market VolatilityOil prices are currently approaching the re-test zone between $82.40 and $82.90, indicating a potential continuation of the uptrend. For those already in the market, it's advisable to seek sell opportunities in line with your trading strategy. For instance, if you trade using Supply and Demand principles, identify supply zones around this range. Once the market tests this zone and it holds, look for buy signals as confirmation of the continuing uptrend. Crude oil futures are holding above $80 per barrel ahead of summer energy demands, driven by factors such as geopolitical risks in Europe and the Middle East, and the threat of a hurricane in the Caribbean. Traders are also weighing the impact of demand uncertainty and production decisions by OPEC+. Oil initially dropped earlier this year after OPEC+ announced production cuts, but prices have since rebounded. The recent move up is partially due to summer demand expectations and inventory draws, which could push Brent crude back into the high $80s to $90s range. Given these dynamics, a significant drop in prices is unlikely. Therefore, it's crucial to monitor for sell setups towards this re-test zone and then prepare to capitalize on the anticipated upward momentum. There is potential to capture substantial moves towards the upside, with prices possibly heading towards a new high of $85 per barrel.
NYMEX:MCLQ2024Long
by yojavi
Crude Oil "Triangle Pattern" Target 7100 and "Wolf Wave Target"A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for Wolf Wave Target Achieved in Ethereum. Guess 3rd Target ??? I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
MCX:CRUDEOIL1!Long
by SasikumarMani
Constructively Above $80Crude Oil (August) Last week’s close: Settled at 81.54, down 0.20 on Friday and up 0.81 on the week WTI Crude Oil futures have been building a floor out above the psychological $80 mark. The June 18th breakout above 80.11-80.61 has failed to extend gains significantly but has remained robustly constructive above support. Headwinds have come from the fear of rising production from OPEC+ and the U.S. Also, despite weak Manufacturing PMIs from China over the weekend Crude Oil is bid to $82 this morning and finding taiwlinds from Hurricane Beryl. Price action stuck its nose above major three-star resistance at 82.24-82.35 Friday, and we still view this area as significant, with a close above likely inviting added buying. Bias: Bullish/Neutral Resistance: 82.24-82.35***, 82.72*, 84.00*** Pivot: 81.85 Support: 80.97-81.21***, 80.11-80.36***, 79.72-79.97**, 78.61-78.94*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CLQ2024
by Blue_Line_Futures
Bitcoin silver oil 11:00 June 21st 2024 I think Bitcoin is close to a reversal higher and I would be looking for that reversal Sunday night or sometime on Monday. silver had a great opening price trade with the 2 bar reversal it moved about $5000 per contract where it came to sellers. so silver is a fast Market that quickly gave you a very good return as a seller but my concern would be that sometime during the remainder of today but more likely when the Market opens after the weekend that's when I would expect to find buyers... but I would have to see how the Market's trading before I make that decision. would I put on a long trade going in to the weekend? no. because there are no signs of buyers yet. we'll talk about oil this weekend if I get a chance.
NYMEX:CL1!
by ScottBogatin
1
Crude coinciding with OXY setupCrude broke the downward trend with conviction after a multiple week correction. This gives me more confidence for my potential long-term OXY trade setup next week. These stall candles signal accumulation and contraction. After the initial run multiple EMAs are used for supportive structure including candle bodies and wicks. I am late to the party on crude (but I dont trade futures), Oxy is lagging so that is my preferred method. This will be much like my previous trade , likely a multiple week/month hold, slow layered entry.
NYMEX:CL1!Long
by Apollo_21mil
#202426 - priceactiontds - weekly update - oilGood Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: Strong week by the bulls with 3 pushes up but still a lower high. Their next target is to get back above 80.22. Right now they have momentum going but big down, big up mostly creates confusion and that means trading range. Above 79.5 I will probably long for 80. They need to stay above 77 or odds favor a retest of the lows below 74. comment: Bulls just had amazing follow through since Monday and have bought everything on lower volume. The tight bull channel is valid and Monday or Tuesday could set up another good buying opportunity. I don’t think bears want to die on that 82 hill and bulls can bring this easily back to 82.5 or 84.5 where two upper bear trend lines run through. current market cycle: big trading range or smaller bull trend inside of it. Triangle is still playing out. key levels: 72-84 bull case: Another very strong week. Can only look for longs in oil currently, until bears show up again. Bulls had two big legs up and want a third one to around 83.5/84.5. The current pullback could continue 1-3 days before more up but bulls should not let it break the lower bull channel around 79.7ish Invalidation is below 79.5. bear case: Bears clearly see the pattern and only doing small intraday scalps until the market get’s nearer to either bear trend line as drawn. The big one started 2 years ago, so you can be sure, there will be a reaction. Not saying bears will be strong enough to reverse it directly but at least stall it around that price area. As of now, bulls are in full control and far above the daily ema. Don’t look for shorts unless strong momentum. Invalidation is above 82.1. outlook last week: “short term: Neutral right under the bear channel line and daily ema at 77.5. Can break to either side.” → Last Sunday we traded 78.45 and now we are at 80.73. Not a good outlook but I would always write the same. As strong as it was before last Monday, it was the high of the trading range and it could have been the top for some days. short term: More sideways to down movement expected (not much down, max 79.7ish) before bulls try the third leg up. Can’t be anything but bullish looking at this chart until bears build bigger selling pressure. medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. Market did indeed reversed hard over the past 3 weeks and we are almost at the top of the triangle again, where I expect more sideways movement until one side clearly wins again. Odds favor the bears if they stay below 85. current swing trade: None chart update: Bear channel was clearly broken and therefore removed. Tight bull channel with a 5-wave series added.
NYMEX:MCL1!Long
by priceactiontds