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Crude Oil WTI Futures - Jul 24 (CLN4)

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Crude Oil WTI Futures Discussions

Where are you guys drawing major support resistance level for WTI?
37 ahould find some support, otherwise 32 at the low end according to abtechnical analysis.
is this going up or down today
Im hoping a nice big drop so we can buy in. news has been bearish but it kept going up, I can only assume that's gotta grab traction at some point. States are closing borders again, hitting record highs in new covid cases, demand is slowing, stockpiles higher than expected. My vote is bearish for the short term.
No technical analysis done on my part though.
sell crude 39.56 sl 40 targer 38.5......37 intraday
my targate is archived next hold for crude
today again trap for crude up but done again 10 to 15 %
sell crude 40.08 sl 40.25 target 39.50..38 intradya
this is rocket for crude
You think it going to go up
why is oil going up right now? bearish news has far outweighed the bulls. Are we expecting a drop again?
I hope you guys arent trading real money with questions like these. Oil is going to 50 fast.
you would think so but I see divergence, a double top, a psychological barrier at $40, oil rigs firing back up increasing production killing demand, a slower than expected increase in demand, a battle against a second wave of Covid. that's a lot for the bulls to compete with. I think it'll get to 50 but not as quick as we had hoped and no doubt with a few dips in between. My position is long for the long term, but I'm expecting a roller coaster ride the whole way there
Until the storage and over production issues are significantly curtailed there will be a lid on this rally at 42 tops. Anything above that is pure speculation and will not last long, unless you are a gambling man. Come back in July thats when 50 may be onbtge cards.
last leg of Elliot 5th wave is expected to be completed down to 34.05 to extend 32.50 before any more highs.so 37.20 is a key area is going to be broken sometime today..good luck all.
Hi ramazanDo you think the price goes down to 32.50$ ? and then again will rise to how much? whats your opinion Thanks
Hi, your prediction is going to opposite direction.The price goes higher rather than going down.
let's wait for the lowest possible position
Crude indecisive ... best to stay away
Yeah agreed. The news is not all bad but not all good. Suggests next weeek there couls be a strong rally though.
anyone think it will drop below 36 today, news seems more bearish then bullish
yeah its weird lately, its almost like the chart is leading the news rather than the news leading the charts. So if its dropping the news gets worse and vice versa. Its better to play the long game I think. Wait for the next significant drop and enter then just wait. it'll go up eventually
yes, short term traders panicing over covid 19 cases re emergence in Beijing and Tokyo
that whole covid thing seems like a media hype. unfortunately people are buying it but if you look at the stats the "new daily cases" are no higher than our last month. I think its just because the world is lifting restrictions so the media is manipulating it for a good story.
Definite down day today stockpiles increasing again. Traders will be jittery they have to solve this problem.
The entire world is pushing for normalcy. The CBs, the govs, businesses, vaccine researchers and societies in general. What do u think?
Yep but with covid likely to stay with us for awhile that normalcy is at least a year away. Going to be a wild swingging eide back up.
Oil price goes down or ???
You guys see a recovery in the upcoming week? A possible bull market correction?
Lol, didnt need a week should recover 100% by closing. This is hilarious volatility.
there is an expected drop again around 37.8 so just be careful
could just be a correction to the down trend
how low are we expecting this drop to go ?
keep an eye for covid-19 case numbers coming from US states. It is not looking good. That will surely effect demand and crude oil inventories are already piled up. In this situation no analysis is worth making because of the nature of the beast.
I think the COVID situation is overblown. Overall US case numbers are down, only states that havent had a serious wave are being affected which will pass. Looks like the bulls are starting their run ahead of next week already.
yeah seriously I think its the media going with what ever they can get. chasing drama. Its something new every week.
sell now. but on july
is it a good time right nw to buy oil
the chat is broken?
So what's everyone thinking? Up? Down? Sideways? think this fed meeting in 8hrs is keeping it down?
Mmm not sure just yet im holding.
More likely to be a bearish day as the news is not good. Covid cases up, record oil storage peak and demand is not rising fast enough. Will wait for a new bottom to buy in - may go as low as $35 over next week at least until the demand side shows signs of recovery.
hi justin...What do you think how much the rate goes down?
bullish from here 42 by end of week
how confident u r that it will reach $42 at the end of the week
Hi nathan check the rate its 37.22$ how mate its possible to 42$? do you have any reason.Thanks?
She always bounces back. the long term general direction is still up. if you look at past history after big collapses it always bounces back to $60 to $100 a barrel. Bears only seem to last a day or 2 before bulls regain their confidence and hit a new high.
will the oil jump back to 40.60 this week?
Hi justin the rate goes 37$ do you still think it goes up on 40.60$ this week?
yes i believe it will bounce back to $40.60 and wait confirmation for the price ether back to February position or go back down to march position
March position seems a lot less likely. that took a world crisis to drag it that low.
20.04.20 WTi US oil, Could you buy or sell at minus the price,  Brokerage house trading at negative prices,  Please, Metatrader do you have a screenshot ? thanks
The OPEC+ meeting was a hit. Do we expect big rises when the market opens?
close this week on 40
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