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Ross Givens
Stock Trader & Educator
Traders Agency > Crude Oil
I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. As regular readers know, I’ve been watching the crude oil (CL) futures market over the past few days and weeks. It has been …
The post This Week’s Idea: CL Daily Long Idea appeared first on….
Two weeks ago, I shared a potential bullish setup for the crude oil (CL) futures market on my TradingView page. At the time, CL was near a low price and hitting its long term up trend line. But we wanted to see if support was going to hold before looking for long ideas. Well, it …
The post Crude Oil Ready to Make a Bullish Move appeared first….
I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. The crude oil (CL) futures market has pulled back from its recent highs, but it has found some potential support at its longer …
The post This Week’s Idea: Looking for Longs in Crude Oil appeared….
The crude oil (CL) futures market posted a big win last week with a gain of 16.5%. The rally was mainly the result of the decision by the Organization of the Petroleum Exporting Countries plus Russia (OPEC+) to cut production by 2 million barrels per day. And while the current US administration is trying to …
The post Is the Crude Oil Rally Just Getting Started? appeared first….
I share my top trade setups whenever I have a big, new idea for the market… And to invite global comments, I provide the core chart and discussion on my TradingView page. After falling below its longer term up trend line briefly last week, the crude oil (CL) futures market is bouncing back in a big …
The post This Week’s Big Idea for Crude Oil Futures appeared first….
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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.
Nasdaq 100 Futures Hit the First Target
Today, I want to follow up on the weekly idea I posted on my TradingView page on Oct. 27. At the time, the Nasdaq 100 (NQ) futures market had just bumped up against resistance at its short term down trend line. This was a known level of U-turn, so we were expecting the market to reverse …
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