Crude Oil (WTI) | Buyers Are Defending a Critical Monthly ZoneAfter several months of selling pressure, WTI Crude Oil has finally reached an area where higher time frame buyers are beginning to react. While many traders remain focused on the recent bearish momentum, I believe the current technical picture deserves much closer attention.
On the monthly chart,
Compare with Crude Oil Futures (Apr 2025)
Contract highlights
WTI Crude Oil (CL) 5‑Swing Rally from July Low Favors ExtensionThe short-term Elliott Wave outlook in WTI Crude Oil (CL) presents a well-defined impulsive rally from the July 2, 2026 low, with prospects for continued strength. From that low, wave 1 advanced to $76.08, followed by a corrective decline in wave 2 that ended at $70.77. The market then surged in wav
OIL: Bound to Push Higher!Primary Scenario
In the near term, Brent and WTI futures are expected to continue moving higher as part of the broader corrective uptrend, ultimately breaking above resistance at $119.50 (Brent) and $119.48 (WTI). After these tops are reached, we anticipate significant sell-offs in both contracts,
CRUDE OIL: Cup & Handle Breakout Loading | Resistance AbsorptionCrude Oil has completed a textbook Cup & Handle structure after reversing from the 6,400 demand zone.
Price is now testing a critical supply area around 8,000–8,150 where short-term profit booking is expected.
The broader market structure remains bullish with a clear sequence of higher highs and h
THE OIL ! Job 12:8 — "Or speak to the earth, and it shall teach thee: and the fishes of the sea shall declare unto thee."
CL — the crude from the deep earth. Gathered at two stations: 93.4 and 96.6.
The patient layeth traps in rising waters.
Option upon option ascending to 103 — the trap door widens.
But 77.8
Can CL Sell off to Fibonacci Extension? -4,614 Ticks to targetCL Daily time frame is in a down trend. The market
is making lower lows and lower highs. There is a
down Fibonacci with an extension price point 42.38
about -4,614 ticks below the market. As long as the
market does not take out the one boundary price
point 110.93 it is expected the market to fall t
CL Daily, in a down trend, with a bear target -3,852 ticks belowCL Daily time frame is in a down trend. The market
is making lower lows and lower highs. There is a
down Fibonacci with an extension price point 42.38
about -3,852 ticks below the market. As long as the
market does not take out the one boundary price
point 110.93 it is expected the market to fall t
Markets Mixed off PPI ReportYesterday’s CPI report brought some volatility across asset classes as there was a lot of back and forth price action where the equities and precious were able to finish the day higher, but did see aa finish significantly off of the high of the day. Looking across the board today, PPI came in simila
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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 nearest expiration date for Crude Oil Futures (Apr 2025) is Mar 20, 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 Crude Oil Futures (Apr 2025) before Mar 20, 2025.









