Technical Analysis Double Bottom or Bear Flag? Crude oil has bounced sharply from the $55–56 area and is now testing the lower edge of a confluence resistance zone marked by: The $55.12 level remains as support. This pattern could be interpreted as either: RSI and Momentum Pivot Levels & Context Key Levels Type Price Area Read More…
Tag: crude oil futures (CL)
Real Estate Professional Withdraws $7,000 From Funded Account in Just 6 Days!
Introduction At 42, Pinar P., a real estate professional from Huerth, Germany, has successfully transitioned into trading—making a total of $7,000 in withdrawals from her OneUp Trader funded account. She withdrew $4,000 in just two days in February, followed by another $3,000 over four days in April, all while trading on a $50K evaluation account. Read More…
Crude Oil Gains Overshadowed by Demand Woes and Rising Supply
Crude oil prices rose on Thursday after President Trump announced a major trade agreement with the UK. It sparked a reduction in tariff tensions. The Brent crude oil surged to $61.40, while WTI rose to $58.00, primarily due to trade talk optimism. Despite the brief recovery, oil prices stay under pressure, licking wounds of steep Read More…
Crude Oil Futures (CL) – Bearish Price Action
Overview: Weekly Chart Technicals: Structure Breakdown RSI Analysis Daily Chart Technicals: Downtrend Intact RSI Key Levels: Type Level Note Resistance $65.00–66.00 Breakdown retest zone (failed) Resistance $70.00 200-day MA + descending trendline Support $55.16 Horizontal support, 2024 low Support $51.46 Measured move + next pivot (S1) Probability Outlook Scenario Probability Trigger Break below $55 → Read More…
Oil Extends Slide After Brutal Monthly Drop
Oil prices continued falling on Thursday after ending the worst month in over three years. The recent decline came as market participants worried about oversupply as OPEC+ unwinds its output cuts. At the same time, Trump’s tariffs and the subsequent trade wars have dimmed the outlook for oil demand. Oil collapsed on Wednesday after Saudi Read More…
Crude Oil Futures (CL) – Under Sell Pressure
Recap from April 14 Outlook: In the last analysis, CL had just bounced from key support in the $57–$58 zone and was testing the underside of its former value area (~$66), attempting to confirm a higher low. We concluded that if CL couldn’t reclaim and hold above the 50-day SMA and resistance box, a return Read More…