CRUDE OIL 1000-DAY AVERAGEWhy should we look at a 1000-day average? Because people are talking about inflation from crude oil prices and that it is a terrible thing that is destroying consumer confidence, destroying consumer purchasing power and it is in the headlines continuously.
So let's look at it and see what it shows
Compare with Crude Oil Futures (May 2022)
Contract highlights
USOIL is setting a Trap?USOIL has staged an impressive recovery from the $68–72 weekly demand zone, reaching approximately $101.70. However, despite the bullish momentum, I am not interested in buying at current prices.
The market is now trading directly below a major resistance cluster:
• Weekly descending trendline
• Pre
crudeoil breakout! will hit 10400-800 ya 9200?The structure is now clearly bullish, but RSI near 76 indicates short-term overbought conditions, so chasing the price at the current level can carry higher pullback risk
Key Technical Structure
Current Price: 9974
Immediate Resistance: 10050
Next Resistance: 10400
Major Resistance: 10800
Buy above
CL Daily_+3,481 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 63.18
about -3,481 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
CRUDE OIL: Rising Wedge Breakdown Setup Crude Oil is showing a potential bearish reversal setup as price develops a clear Rising Wedge pattern near the ₹10,000–₹10,200 resistance zone.
Key Technical Observations
Rising Wedge Pattern
Price has been moving upward within a narrowing structure, indicating weakening momentum despite higher p
WTI Crude Oil (USOIL): Bearish Structure Remains IntactWTI Crude Oil continues to trade within a descending channel, printing a clear sequence of lower highs and lower lows on the medium-term timeframe. Recent attempts to reclaim key resistance have been rejected, keeping sellers firmly in control of the broader structure.
From a fundamental standpoint
Crude Oil (CL) Analysis, Key-Zones, Setup for Wed (Sep 16)Bias: October crude settled Tuesday at 105.83, up 4.44 dollars or 4.38 percent, after trading a 5.54 dollar session between 106.75 and 101.21 and closing in the top 17 percent of that range. The high is the headline, because 106.75 is also the published 52-week high, the 13-week high and the one-mo
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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 (May 2022) is Apr 20, 2022.
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 (May 2022) before Apr 20, 2022.









