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.
Related commodities
Crude Oil Trade Idea: Intraday mechanicsNYMEX:CL1! NYMEX:MCL1!
Bigger Picture:
Traders should note that news headlines do not always drive the price action. More often, news outlets look for narrative to align with the price action.
Previously, it was about the supply glut and worsening demand due to an uncertain outlook. Now the
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
Crude Compression, Flagging Into Fire or FailureCrude Oil has been grinding higher within a clean rising wedge (bearish flag), forming within the aftermath of a strong sell-off. Price is now testing a key Intraday Fair Value Gap (1H FVG) inside a broader HTF Macro Supply Zone, while respecting a steep trend line of support.
This structure sets u
CL1! Short Setup – Fading Into Volume Shelf📉 CL1! Short Setup – Fading Into Volume Shelf
🔹 Context:
Price just tapped into a heavy upper volume shelf (68.35–68.50) — the exact area where the prior breakdown started. This zone aligns with rejection highs and the upper edge of the VRVP profile.
📌 Setup Logic:
🔺 Entry: 68.36–68.50 (in
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
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
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
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
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Summarizing what the indicators are suggesting.
Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of WTI Crude Futures is 63.22 USD — it has fallen −0.96% in the past 24 hours. Watch WTI Crude Futures price in more detail on the chart.
The volume of WTI Crude Futures is 52.09 K. Track more important stats on the WTI Crude Futures chart.
The nearest expiration date for WTI Crude Futures is Nov 19, 2025.
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 WTI Crude Futures before Nov 19, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For WTI Crude Futures this number is 150.33 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for WTI Crude Futures shows that traders are closing their positions, which means a weakening trend.
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 Crude 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 Crude Futures technicals for a more comprehensive analysis.