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Cl1

Oil Presses LowerOil has fallen deeper into the high $80's following a selloff that broke monthly lows. We had very strong support at $92.03, and appeared to be seeing a double bottom forming, but the selloff knocked oil back a peg, smashing through multiple technical levels below in a persistence selloff that has taken us back to support at $87.21. We are seeing a green triangle forming on the KRI, but the selloff does seem persistent. We should have further support from $85.55 and $84.75. If we see a relief rally, the $90's should provide resistance.
NYMEX:CL1!Short
by quantguy
WTI: Doooown…After one last surge, WTI has jumped below the support line at $92.93, its shout echoing through the chart. Now that it has begun the descent, it should continue it into the blue zone between $81.16 and $77.55, where it should finish wave 3 in blue. Alternatively, there is a 35% chance that WTI could gain upwards momentum again and could make it not only back above $92.93 but also above the resistance at $101.88. In this case, it should pursue the ascent above $105.24 and into the turquoise zone between $107.12 and $116.59 first before moving downwards.
NYMEX:CL1!
by MarketIntel
OIL8. 2. 22 This is a follow-up on oil. I want to show you how to assess the market a little more objectively, and manage your trade decisions when you have more information. I would be a buyer in this market yesterday. Today is a little bit more complicated, and probability is working against my long position even though the market has not yet taken out Support. I'm trying to make a probability assessment in a market based on the market, and not on my fear of losing money. Not just that, the market has a chance of moving to my initial target which is about $3,000 hire did my entry...And I don't want to miss that reward. Near the end of the video I'll tell you why I think this kind of scenario happens more often than not for Traders.
NYMEX:CL1!
by ScottBogatin
1
CRUDE OIL (WTI) Your Trading Plan For Next Week 🛢 WTI Crude Oil is approaching a resistance line of a falling parallel channel on a daily. To catch a trend following move, wait for a bullish breakout of its resistance. You need an hourly candle close above that to confirm the breakout. A bullish continuation to 103.8 level will be expected then. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
10
Oil7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could have made a lot of money after the video, put the market Was volatile, which is good if you're Trading is the right direction. He was a fast market, and that's good if you can handle that kind of a market. Take a look and see what you see.
NYMEX:CL1!
by ScottBogatin