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Crude Oil (WTI) | Buyers Are Defending a Critical Monthly Zone After 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, price is testing a confluence of institutional factors: Major Monthly Demand Zone Unfilled Monthly Gap Rising long-term trendline support Previous breakout area now acting as support This combination creates a high-interest zone where a medium-term reversal could develop. Technical Perspective Although the broader trend remains corrective, I don't see an attractive location to initiate fresh shorts after such an extended decline. Instead, I'm watching whether buyers can continue defending the 68–74 USD area. The first key obstacle sits around 84–85 USD. A confirmed monthly close above this level would significantly improve the bullish structure and could open the path toward: 92 USD 100 USD 105 USD COT Report The latest Commitment of Traders report suggests a relatively neutral positioning. Non-Commercial traders have reduced both long and short exposure, while Commercial participants remain net short, which is fairly typical for the crude oil market. Open Interest has declined by more than 30,000 contracts, indicating that recent price action has been driven more by position liquidation than aggressive institutional accumulation. In my opinion, the COT data is not yet confirming a strong bullish trend, but it also doesn't support the continuation of an aggressive bearish move. Seasonality Seasonality provides another interesting piece of the puzzle. Historically, July has not been one of the strongest months for crude oil, with most long-term datasets showing either flat or slightly negative average performance. This suggests that even if my long-term bullish thesis remains valid, price could still experience short-term volatility or another retracement before a larger directional move develops. My Trading Plan At this stage I'm monitoring two possible scenarios. Scenario 1 (Preferred) Price extends higher into the 84–85 USD resistance before retracing back toward 74–76 USD, where I would look for fresh buying opportunities if price confirms institutional demand. Scenario 2 If buyers manage to reclaim and close decisively above 84–85 USD, I will assume that the correction has already ended and begin looking for continuation opportunities toward the next higher-time-frame liquidity targets. Key Levels 🟢 Support 68–70 USD 72–74 USD 🔴 Resistance 84–85 USD 92 USD 100 USD 105 USD

by EdgeTradingJourney

WTI Crude Oil (CL) 5‑Swing Rally from July Low Favors Extension The 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 wave 3, reaching $85.39, before retracing in wave 4, which concluded at $80.27. The final leg, wave 5, is now unfolding and is expected to complete shortly. This completion will mark the end of wave (A) in higher degree. Once the five-wave rally is complete, a larger corrective phase in wave (B) should emerge. This correction will retrace the cycle that began from the July 2 low, allowing the market to consolidate gains before resuming its broader upward trajectory. As long as the pivot at $67.05, established on July 2, remains intact, pullbacks are likely to attract buyers. These retracements should occur in either three or seven swings, reinforcing the bullish outlook for further upside. The completed five-wave structure from the July 2 low strongly favors at least one more leg higher. This extension is expected to unfold within wave (C) or wave (3), both of which imply continuation of the impulsive sequence. With the technical framework pointing toward additional gains, the near-term outlook remains constructive, and the market appears poised for further upward momentum.

by Elliottwave-Forecast

The Gap Of Hormuz Elephant in the room 👀 The Gap of Hormuz. The geopolitical premium in oil has been retraced, with price returning to fill the gap created during the Hormuz escalation. Gap filled. Reaction confirmed. Now the question is.. Does the risk premium return?

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, targeting our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93), where the ongoing larger corrections should eventually conclude. Alternative Scenario Alternatively, Brent and WTI futures could break below support at $58.40 (Brent) and $54.98 (WTI) sooner, forming early correction lows within our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93) (probability: 40%).

01:43

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 is written. The descent is certain. The earth teacheth the humble. The fish of the sea declare it. From 103 to 77.8 — the judgment is sealed.

by themanfromthefuture

CRUDE OIL: Cup & Handle Breakout Loading | Resistance Absorption Crude 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 higher lows. Recent consolidation beneath resistance suggests absorption rather than rejection, increasing the probability of an upside breakout. Key Levels 🟢 Breakout Trigger: 8000 🟢 Retest Support: 7850–7950 As long as buyers defend the breakout zone, Crude Oil remains a buy-on-dips market. #CrudeOil #MCXCrudeOil #CommodityTrading #PriceAction #TradingView #CupAndHandle #MarketStructure #TechnicalAnalysis #FuturesTrading #MCX #TrendFollowing

by Shalvisharma5

Can CL Sell off to Fibonacci Extension? -4,614 Ticks to target CL 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 towards the Fibonacci target. Entry: Counter trend line break bearish in the sell zone. STOP: 113.05 LIMIT: 42.38 Another entry idea: If the risk is too large off the daily time frame. It will be a good idea to turn to the smaller time frames and look for selling ideas with less risk.

by JoshuaMartinez

CCI system read: major indexes, bitcoin, ME, gold, Oil Not much pushing me into the market here. Am watching for an opportunity to short oil. Do have a short Bitcoin position on but it's not acting like a winner yet.

11:22

Markets Mixed off PPI Report Yesterday’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 similar to CPI where it was lower than expected, and today is showing a lot less volatility and more steady price action. The S&P, Russell and Dow all traded marginally higher while the Nasdaq slipped due to some AI equities feeling selling pressure today. Along with that, Gold, Platinum and Copper saw gains today while Silver had a slight decline, also in line with some of the AI equities slipping due to Silver’s connection to the general AI story. The Crude Oil market is now trading at a very interesting level since seeing a recovery from the recent low prices near $67/barrel. The prices have been moving higher from more escalation talks from the Middle East along with seeing a rebound from technically “oversold” levels, but is now facing some overhead congestion. The 50-day exponential moving average has been acting as a near term “ceiling” since prices broke below that level in May, and continues to be a bottleneck that prices will need to climb through to see any more upside momentum moving forward. Looking ahead, tomorrow we will see the Retail Sales report along with Initial Jobless Claims, wrapping up the week of economic data that could help paint a better picture of inflation and employment. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

CL Daily, in a down trend, with a bear target -3,852 ticks below CL 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 towards the Fibonacci target. Entry: Counter trend line break bearish in the sell zone. STOP: 113.05 LIMIT: 42.38 Another entry idea: If the risk is too large off the daily time frame. It will be a good idea to turn to the smaller time frames and look for selling ideas with less risk.

by JoshuaMartinez

TEDS MCX Crude Oil Analysis | 3H Short Setup | 14 July 26 TEDS Commodity Analysis | A Plan Is More Valuable Than a Prediction Commodity markets can move rapidly, but successful trading is built on preparation—not reaction. The TEDS (Trend Exhaustion Detection System) follows a structured process that helps traders wait for confirmation before planning a trade. Chart Observation 🔹 The previous TEDS Sell Signal demonstrated how a structured setup develops when predefined conditions are met. 🔹 After the recent upward move, the framework has identified another TEDS Sell Signal, accompanied by a predefined Entry Zone for objective trade planning. 🔹 Before any trade is considered, the framework also defines the Stop Loss Area and Target Level, allowing traders to evaluate risk and reward before execution. A disciplined trader should always ask: • Has the setup been confirmed? • Is my entry based on a predefined framework? • Is the potential risk clearly defined before taking the trade? • Am I following my trading plan instead of reacting to price? Markets will continue to create opportunities, but long-term consistency comes from following a repeatable process—not from predicting every price swing. Trade with a Framework. Not with Emotions. Disclaimer: This chart is shared for educational purposes only to explain a structured trading framework and market behaviour. It is not investment advice or a recommendation to buy or sell any commodity or financial instrument. Please conduct your own analysis and apply appropriate risk management before making any trading decisions.

by BK_QuantDesk

Crude Oil MCX Fut - Intraday Technical Analysis -14 July, 26 MCX:CRUDEOIL1! Crude Oil Futures (MCX) | Intraday Structure | July 14, 2026 Crude Oil is trading around 7,427, launching into a powerful vertical expansion leg well above the 7,360 Zero Line. The contract has completed a textbook trend reversal pattern, breaking out of a descending structure and triggering significant institutional buying momentum into the session. Price action is displaying aggressive bullish intent with strong volume follow-through. The main priority is to look for sustained acceptance above the zero benchmark to continue driving the upward expansion towards the higher targets. Do not fight this momentum; wait for minor pullbacks to structural support to align with the trend. Bullish Triggers Long Entry: Above 7,248 (strongly validated while price holds structural footing above the 7,193 Add Long Pos. band). Targets: 7,650 - 7,829 Risk Control: Structure weakens below 7,193. Hard exit below 7,092. Bearish Triggers Short Entry: Below 7,137 (only if a massive liquidity failure occurs, forcing price back below the 7,360 Zero Line). Targets: 7,070 - 6,891 Risk Control: Cover immediately above 7,293. Bias remains structurally protected above 6,958. No-Trade Chop Zone: 7,092 - 7,248 Expect range consolidation if price breaks back down inside this band, as participants square off volatile risk. Avoid micro-managing positions inside this zone; let the structural triggers establish true verification. Execution Rule: Structure first, confirmation next. Zero anticipation. Hit Boost and drop your view in the comments if you're tracking these levels today. #CrudeOil

Oil the CL bear idea.Based on the opening gap I believe price is setting up a double top reversal and this will be the peak formation for the day.. Supporting this cell ideas based on the 1 hour and for our time frame we can see that price is consolidating and this is nothing but a consolidated range or I should say a retest to the bottoming of the consolidation range..

CCI system read: major indexes, oil, bitcoin, gold, ME Much the same as last week. Am finding a few areas to look at for both long and short entries. Currently, powder is VERY dry.

11:42

CL1! Analysis Confirmation - weeks of predictions + new ranges The Fibonacci grid did its job. The 61.8% level at $74.38 was the first pause on the way down. The 78.6% zone near $65.78 was the real floor. Price found it, turned, and has rallied 37% in three weeks. But here's the thing: this is almost entirely a geopolitical trade. Every dollar of this rally represents fear about supply disruption, not genuine demand growth. The IEA was still projecting a 3.7 million bpd global surplus heading into July. The fundamentals below the geopolitical layer haven't changed dramatically. That means $96.66 is the critical test. If price breaks above it with real volume and no ceasefire signal, the $100 level is in play and the RBC worst-case scenario becomes a real conversation. If we get any diplomatic development — even a rumour — this move unwinds toward $74 fast. Respect the level. Don't chase the spike. 🟢 Bull Case Target: $96.66 → $100+ Houthi-Bab al-Mandeb blockade expands. Bab al-Mandeb + Hormuz both disrupted = full choke on global oil routing. RBC Capital Markets flagging potential Brent $128–146 in worst-case regional war scenario. $96.66 breaks → $100 mental level is next test. 🔴 Bear Case Target: $74.38 retest Any credible ceasefire or MOU revival strips the war premium fast. This entire rally (from $67 → $92) was built on geopolitical fear. Remove the fear, remove the move. Gasoline at $4.09/gal creates political pressure on Trump to de-escalate.

CRUDE OIL |Major Channel Resistance in Focus,Bearish Bias Intact CRUDE OIL ANALYSIS Price has rallied sharply into a major descending channel resistance, a zone that has repeatedly triggered selling pressure in the past. Bearish view remains valid as long as the channel resistance holds. A sustained move below 8,500 could accelerate the downside towards: Target 1: 8,000 Target 2: 7,800 Invalidation: If price manages to break and sustain above the channel resistance, the bearish outlook will no longer remain valid. Expected Reversal Zone: 9,300 – 9,500 Trade with proper risk management.

by trailingtradesc85cd5c9f87345fb

CRUDEOIL1! — Technical Structure Analysis 📈 CRUDEOIL1! — Technical Structure Analysis Chart Visual & Pattern Layout: ChartsSpecialist (via TradingView) 🔍 Technical Observations Rounding Bottom / Cup Structure: The chart illustrates a multi-week curved recovery formation (rounding bottom), representing a gradual shift from a sustained sell-off to persistent buying pressure. Horizontal Supply Ceiling: Dual horizontal red lines annotated as "Major Resistance" outline a key overhead supply barrier, marking previous structural swing high levels. Compression Below Resistance: Price action has rallied back up to directly test this major horizontal resistance zone, with candle bodies compressing right beneath the supply overhead. 📚 Technical Analysis Concepts Demonstrated Rounding Bottom Patterns: Observing long-term u-shaped consolidation structures that highlight underlying trend reversals. Testing Major Horizontal Resistance: Analyzing price reaction, volatility, and volume behavior as price approaches multi-month peak supply zones. Market Structure & Curve Formations: Visualizing gradual accumulation dynamics across extended timeframes. 📌 SEBI Compliant Educational Disclaimer Regulatory Disclaimer & Disclosures: Educational Purpose Only: This post analyzes chart patterns and technical concepts strictly for learning and educational purposes. No Recommendation: This content does NOT contain target levels, stop-loss triggers, entry calls, or buy/sell/hold recommendations. SEBI Registration Status: ChartsSpecialist and the publisher are NOT SEBI-registered Research Analysts or Investment Advisors. Risk Warning: Securities and commodities trading involves market risk. Past patterns do not guarantee future price movements. Please consult a qualified financial advisor before taking any market positions. #ChartsSpecialist #CrudeOil #Commodities #TechnicalAnalysis #ChartReading #StockMarketEducation #SEBICompliant #PriceAction #TradingView #FinancialLiteracy #RoundingBottom #SupportAndResistance

by ChartsSpecialist

crude crucial update mcx or spot crude mcx as per chart showing bull move still if sustain above 8820 than next up side 8900--9000-9120+++++ where support 8500 closing base . spot oil eyes on 90$ if sustain above than next up side move 91--93$ soon support find 87$ on closing base --- still looks buy on dips with tight sl as support consider

by kailashcfa33

Crude Oil MCX Fut Intraday Technical Analysis 23 July, 26 MCX:CRUDEOIL1! Crude Oil Futures (MCX) | Intraday Structure | July 23, 2026 Crude Oil is trading around 8,412, hovering directly above the 8,410 Zero Line. The contract has experienced a volatile corrective phase following its sharp rally toward the 8,570 peak, now compressing inside its central value block as market participants seek a clear directional catalyst. Price enters the session locked tight around its primary benchmark. Buyers are defending the immediate support cluster to maintain structural continuity toward higher expansion targets, while bears are attempting to push price below the Zero Line to unlock deeper liquidation legs. Wait for a high-volume 15-minute candle breakout before committing capital. Bullish Triggers Long Entry: Above 8,441 (strongly validated while price holds structural footing above the 8,400 Add Long Pos. band). Targets: 8,629 - 8,765 Risk Control: Structure weakens below 8,400. Hard exit below 8,323. Bearish Triggers Short Entry: Below 8,358 (validated if liquidity pushes fail to hold the 8,410 Zero Line, converting it into a firm distribution ceiling). Targets: 8,191 - 8,055 Risk Control: Cover immediately above 8,476. Day Bias remains structurally protected above 8,222. No-Trade Chop Zone: 8,323 - 8,441 Expect rotational, choppy price action inside this decision block as commercial participants balance risk. Avoid over-trading early whipsaws inside this zone; let a clean 15-minute structural candle breakout provide true execution validation. Execution Rule: Structure first, confirmation next. Zero anticipation. Hit Boost and drop your view in the comments if you're tracking these levels today. #CrudeOil

bullish setup in CL1!previous day volume point of control was the best buy price keeping stop loss at s1 and then rest .

Crude Oil MCX Fut Intraday Technical Analysis for 21st July, 26 MCX:CRUDEOIL1! Crude Oil Futures (MCX) | Intraday Structure | July 21, 2026 Crude Oil is trading around 8,002, holding slightly above the 7,994 Zero Line after stabilizing following a sharp pullback from the 8,196 high. The contract has reclaimed its central inflection zone and is building a tight base as buyers attempt to regain control. Price action enters the new session compressed near its primary pivot. Institutional desks are watching closely to see if price can hold above the Zero Line and build acceptance toward the higher targets, or if resistance cap pressure triggers another leg down. Wait for a high-volume 15-minute candle to break away from this cluster before committing capital. Bullish Triggers Long Entry: Above 8,020 (strongly validated if price holds structural footing above the 7,965 Add Long Pos. band). Targets: 8,280 - 8,456 Risk Control: Structure weakens below 7,965. Hard exit below 7,866. Bearish Triggers Short Entry: Below 7,910 (validated if liquidity pushes fail to maintain the 7,994 Zero Line, turning it into a rigid distribution ceiling). Targets: 7,708 - 7,532 Risk Control: Cover immediately above 8,064. Bias remains structurally protected below 8,196. No-Trade Chop Zone: 7,866 - 8,020 Expect rotational, choppy price action within this decision range as commercial participants balance risk. Avoid chasing early morning whipsaws inside this block; let a clean 15-minute structural candle breakout provide execution confirmation. Execution Rule: Structure first, confirmation next. Zero anticipation. Hit Boost and drop your view in the comments if you're tracking these levels today. #CrudeOil

CRUDE OIL Short CRUDE OIL SELL LIMIT ORDER : 84.01 Stop Loss: 87.17 Remove risk/Partials @ : 81.18 Take profit: 80.06 Trade Plan: Short Bias: BEARISH short term. Entry reason: Price will most likely test key TPO area. The short-term valuation tool also shows temporarily overvalued against the competing index Stop Loss: Above nearest high. First target: 81.18 Please refer to WTI for CFDs symbols

CL Long — Crude's pullback looks like a gift as geopolitical ris The pullback long strategy is perfectly aligned with strong bullish catalysts surrounding geopolitical risks and potential supply constraints. Even without an explicit 1h trigger, the underlying 4h uptrend and ample room to the resistance target present a highly compelling case. The fundamental tailwind makes this an immediate take. 📍 Entry: 81.22 🛑 Stop: 79.39 🎯 Target: 84.60 ⚖️ R:R: 1.85