Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
Crude oil is a major commodity that trades in global markets as both spot oil and by derivatives contracts, The articles are some trading ideas to analyze.
Crude oil is a synthetic derivative that occurs naturally and is made up of hydrocarbon deposits as well as other organic compounds. Crude oil is a form of fossil fuel that is processed into useful goods such as gasoline, diesel, and various petroleum products. It is a nonrenewable resource, which ensures that it cannot be replenished naturally at the rate at which we consume it, making it a finite resource.
Crude oil is traditionally accessed by drilling, where it is also discovered alongside other commodities such as natural gas (which is lighter and therefore lies above the crude oil) and saline water (which is denser and sinks below).
Following extraction, crude oil is distilled and converted into a range of consumer products such as diesel, kerosene, and asphalt.
While it is often referred to as “black gold,” crude oil varies in viscosity and colour from black to yellow based on the hydrocarbon composition. The first step of refining is distillation, which is the method of heating and separating oil into various components.
Checking in On Crude Oil
A lot of developments are underway in the US crude oil futures (CL) market right now… After breaking below its up trend line in early July, the market is now moving higher again. The CL was up over 4% on Friday and is prepared to test the underside of that up trend line. So, today, …
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Where is Crude Oil Headed This Week?
The crude oil (CL) futures market is currently setting up for a potential downside move. After hitting resistance at the top of its hourly down channel, the market had a bearish reaction and started moving lower again. It has also made a counter trend line break bearish, which gives us the confirmation we have been …
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Is Crude Oil Set for More Downside?
US crude oil (CL) futures peaked at over $120 a barrel just over a month ago. Since then, it has dropped nearly 23% and fallen back into the sell zone. At this point, it looks like CL is set for another potential move, and we need to analyze it for the right direction. So, let’s …
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Crude Oil Still In the Sell Zone?
Following a big run at the start of the year, the crude oil (CL) futures market has pulled back below $100 again in recent weeks. And during this pullback, the market has seen plenty of bearish trading days and big daily losses. However, the market had a big up-day yesterday and is well off of …
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Crude Oil Back in the Sell Zone?
US and global crude oil markets have been on a tear with some big gains. But this has changed recently as the US crude oil futures contracts (CL) has sold off into the sell zone. This doesn’t mean that the market is done, however, as there are always opportunities for both long and short trades. …
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Crude Oil Down But Not Out
The market for crude oil may have taken a pause, but it is far from out. In fact, there are plenty of opportunities that you need to be set up to capitalize on over the coming days and weeks. So, today, I want to share my take on the crude oil futures contract market (CL) …
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