A steep slide for Crude this week1. Status
• A sell-off into Thursday got Crude sharply down over 12% on the week
• This after a slow grind up in an overall sideways regime since September
2. DPVA Analysis
• Next resistance $96.5, broadly the range mid-point
• Further $86 - 84 has technical support
Next Resistance:
- 1st $91.75
Peers for comparison
Contract highlights
cup and handle patternI can see a cup and handle pattern what i have notice in the past this pattern form and watch it fail miserably. I believe they are manipulating market to form this pattern and squeeze people heavy, I know it suppose to be bullish but I watched from all markets CL, NQ, GC form this pattern and fail
Crude Oil (CL) Analysis, Key-Zones, Setup for Tue (Nov 10)Bias: The December crude contract settled at 86.85 on Monday, down 3.98 or 4.38 percent, its lowest settle since 09/04/26. The session traded between 91.42 and 85.02, a lower high and a lower low against Friday, and the 6.40 point range was the widest since 11/04/26. The high printed in the 10:00 P
CL at a critical junction - Are we seeing a diamond reversal??www.tradingview.com
NYMEX:CL1! Crude oil has been on a bull run since October 10th, on the low inventory data and the anticipation of further escalation in the war. We have now reached a critical junction, where the bull run seem to take a breather and consolidate.
The HH and HL pattern was bro
US Oil: Potential US - Iran Talks Pause Rising Prices In this Weekly Market Forecast, we will analyze the CRUDE OIL for the week of Nov.2 - 6th.
The current fundamental framework heavily favors driving oil prices lower in the immediate short term, despite massive underlying geopolitical tensions keeping a high structural floor under the market.
Meanw
MCL Breakdown: Macro Trendline Snapped, Crucial Support TestThe Micro Crude Oil Futures (MCL) market is currently shifting into a critical "wait-and-see" phase after a highly aggressive bearish expansion. Price action has decisively broken below a major, long-term ascending trendline that has anchored this market since July 2nd, with subsequent structural va
Crude Oil Futures(MCX) - Bearish Outlook From Channel ResistanceCrude Oil remains under pressure after rejecting from a significant resistance region near 9,850-9,880, which aligns with the upper boundary of the ascending channel.
From a technical perspective, price is currently approaching an important support zone around 9,500-9,550. This area may attract buy
Crude Oil Nears Potential Reversal Amid Iran DiplomacyCrude oil has pushed higher again, reaching fresh highs, but the overall structure suggests that this recovery could be approaching its final stages of a higher-degree five-wave advance, even when excluding rollover gaps between contract expiries. RSI divergence is also emerging, pointing to potenti
CL breaks out with a potential cup and handle pattern!!Crude oil has been consolidating in the current week (19-22 October). The crude price broke out of the consolidation on 23rd October (Friday) session with volume and momentum.
The bull run that started on 6th October ($87) seems to have formed a cup and handle pattern and the price pulled back aggr
See all ideas
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
One way to gain exposure to CLG2023 is through a broker that offers futures. Before trading, make sure you understand how the product works and the risks involved.
You can trade CLG2023 directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click "Trade", select your broker, and log in
– Start trading: Place orders directly from the chart
Tip: If you're new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
You can trade CLG2023 directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click "Trade", select your broker, and log in
– Start trading: Place orders directly from the chart
Tip: If you're new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
The nearest expiration date for CLG2023 is Jan 20, 2023.
Futures contracts expire on predetermined dates. As expiration approaches, many traders roll positions into the next contract to maintain exposure to the market.
Key metrics to watch near expiration:
• Volume and liquidity: Trading activity often shifts to the next contract month
• Open interest: Falling open interest may signal positions being closed or rolled forward
• Forward curve: Differences between contract prices can help identify market structure, including contango and backwardation
Explore the CLG2023 chart to monitor active contracts and contract-month activity.
Futures contracts expire on predetermined dates. As expiration approaches, many traders roll positions into the next contract to maintain exposure to the market.
Key metrics to watch near expiration:
• Volume and liquidity: Trading activity often shifts to the next contract month
• Open interest: Falling open interest may signal positions being closed or rolled forward
• Forward curve: Differences between contract prices can help identify market structure, including contango and backwardation
Explore the CLG2023 chart to monitor active contracts and contract-month activity.









