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MCL

What Is the Base Price for Oil?What is the base price for oil? Specifically, today we will discuss crude oil, and we can apply this understanding to other commodities as well. I won't go into too much technical detail about the difference between the base price and the cost price for crude oil, but for most people, it helps to see the title as “Is there a bottom-line price or support level for crude oil?” My answer is yes, and this is due to inflation. Over time, we tend to pay higher prices for food, gas and many others that we consume. WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time 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 Trading the Micro: www.cmegroup.com www.cmegroup.com
NYMEX:CL1!Long
by konhow
Tracking Inflation with this Ratio - Crude Oil vs Gold RatioThe Fed is using this Crude Oil vs Gold ratio in tracking inflation. The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio. We saw that when inflation peaked at 9% in June 2022, so did this ratio. Although we recently saw a cut in interest rates, the yields are now moving higher, and gold has maintained its high point. This makes us wonder: will inflation move toward the 2% target, or is it still at risk of rising further? Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time 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
NYMEX:CL1!Long
by konhow
6
How to Use Intermarket Analysis? - Crude Oil Potential DirectionAn example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move. To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share. Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time 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
NYMEX:CL1!Long
by konhow
Bearish Crab on USOIL: Bearish Continuation Expected This WeekWe have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open before taking the trade if it's still within the Pattern Completion Zone by then.
TVC:USOILShort
by RizeSenpai
2
CL USOIL (WTI OIL) Possible Bullish BatCL USOIL (WTI Oil) is forming what it looks like a possible bullish bat formation. As more my liking, I do not like how high the C point is at however if the pattern is completed, the formation still valid. The price must test the zones after the 0.382 time zone in order for the pattern to be valid, if price does it before then a trade should not be considered. Just because the price is forming the structure does not mean that the price will reach such area but if it does, and if it is after the 0.382 time zone, then it will be wise to look at price action to see if it provides with a valid entry opportunity to enter a long trade. If it does not provide a confirmation then a trade should not be entered. Be patient, always wait for your trade set ups to be completed, wait for a confirmation, follow your rules!.
NYMEX:CL1!Long
by UnknownUnicorn27418153