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,
Crude Oil Futures (May 2029)
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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,
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
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
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
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
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
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
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 Crude Oil Futures (May 2029) is 68.06 USD / BLL — it has risen 0.59% in the past 24 hours. Watch Crude Oil Futures (May 2029) price in more detail on the chart.
Track more important stats on the Crude Oil Futures (May 2029) chart.
The nearest expiration date for Crude Oil Futures (May 2029) is Apr 20, 2029.
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 2029) before Apr 20, 2029.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Crude Oil Futures (May 2029) this number is 2.34 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Crude Oil Futures (May 2029) 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 Crude Oil Futures (May 2029). Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Crude Oil Futures (May 2029) technicals for a more comprehensive analysis.









