US OILUS OIL is reaching towards important zone which can give us a good move to the upside after it sweeps OLD LOW
Related commodities
Crude oil---sell near 67.50, target 65.00-60.00Crude oil market analysis:
Crude oil has also started to fluctuate recently. Pay attention to the impact of contract delivery on the trend of crude oil. The daily line of crude oil does not show the strength of its rebound. In terms of operation, it is still a rebound sell. Crude oil continues to b
Crude Oil Trade Plan Scenarios and Key Levels
NYMEX:CL1!
It’s Wednesday today, and the DOE release is scheduled for 9:30 a.m. CT. This may provide fuel—pun intended—to push prices out of the two-day consolidation. Also, note that the August contract expires on July 22, 2025. Rollover to the September contract is expected on Thursday/Frida
Crude oil------sell near 70.00, target 66.70-63.00Crude oil market analysis:
Recently, crude oil has been rising, and buying is slowly climbing, but the amplitude is not particularly large. The daily line has not formed a large buying pattern. It is currently a technical repair market after falling too much. Today's idea is to sell on the rebound.
WTI Crude Oil Reverses Lower Near $70 ResistanceA bearish engulfing candle has formed on the daily WTI crude oil chart, with its high perfectly respecting the 38.2% Fibonacci retracement just beneath the $70 handle. Given that the bounce from the June low has been relatively weak compared to the sharp decline from $78, I’m now on alert for a pote
WTI(20250716)Today's AnalysisMarket news:
① The annual rate of the overall CPI in the United States in June rose to 2.7%, the highest since February, in line with market expectations, and the monthly rate was 0.3%, the highest since January, in line with market expectations; the annual rate of the core CPI rose to 2.9%, the hi
CL down sub $60 before moving up above $73Expected support or reversal zone based on last swing high for CL is at $60. This matches with 0.786 fib level of last move up, suggesting a standard SBS structure forming. Expecting a move up to at least $73 (fib 0.236), possibly also well beyond this.
Based on time fib of last swing high I expec
WTI Crude - Turning Bullish? Published as a supplementary analysis for BRENT CRUDE and LIOC, with further coverage to follow.
* WTI has successfully reclaimed its 4-year support line, which was breached in April 2025.
* The Monthly Momentum Indicator reveals a robust bullish breakout, signaling renewed strength.
* As long a
CRUDEOIL - MCX INVERTED HEAD AND SHOULDERCrudeoil on 1 hour time frame forming Inverted head shoulder which is consider as bullish Pattern. Strong Support of 5680 , crudeoil may do 5826-5820-5850
Please do your own research before taking any trading decisions
Oil Futures Approaching Key Reversal Zone – Bullish HarmonicOil futures may be forming a bullish Shark harmonic pattern, with price approaching the potential reversal zone at point D. This pattern suggests a possible bounce if buyers step in around this area. If price action shows signs of support or a shift in momentum, it could offer a solid long opportuni
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Frequently Asked Questions
The nearest expiration date for Micro WTI Crude Oil Futures (Feb 2023) is Jan 19, 2023.
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 Micro WTI Crude Oil Futures (Feb 2023) before Jan 19, 2023.