CL_F Light, Sweet Crude Oil Futures

$CL_F $USO $UCO crazy timing HAH. Nothing too concerning on the daily still. Even better RR down here in this range or a little below (until proven otherwise).

Axios-type leak: Iran will “give on enrichment” if we ease sanctions.We’ve seen this movie.What’s actually on the table is the same swap as June: cash and the blockade first, nuclear later. Friday Tehran said on the record they won’t give up enrichment rights or ship the HEU out. Trump already rejected the 7-day Hormuz plan Saturday. This leak is the next pitch.What’s different: the plants are rubble, midterms are 5 weeks out, and China just got leaned on. What’s not: sequencing. Until the stockpile moves or enrichment is contractually zero with inspectors in the building, it’s a headline, not a deal.Oil can dip on the leak. It rips back the first time Hormuz gets cute.$CL_F $USO

$CL_F $USO Since the beginning of the war, WTI peak only lasted 1-3 days before rolling over. This time, it's more sticky as it's already been 5 days of hovering near peak. That said, it's pausing near $105 (neutral ground for bull/bear fight) at the moment. $SPY $QQQ $SCO

I’ve been anticipating for WTI to either rollover back under $100 or breakout at $105. And on $105 break, I expected WTI to aim for $110. Therefore, the stop limit was set at $105.17 and got hit. That said, the Oct. future (MCLV26) expires on coming Monday, so I needed to rollover to the Nov. (MCLX26) contract anyway so stopping out was strategically thought out. BTW, there is $5 backwardation between Oct. vs Nov. futures. That means, Nov. future is ~$5 cheaper than the Oct. So next Monday when future rolls to the Nov contract, the chart will show $5 drop, but someone that rolls from Oct to Nov, your P/L shouldn’t change. Makes sense? :-) To accommodate this USO also gradually rolls over to the next months contract over 5 days starting on the first business day of each month. That means, the USO already rolled over for Sept. month, and next rollover will occur on Oct 1-7. More confusing? Welcome to the futures trading and underlying ETF. $CL_F $USO.X $SCO $SPY $QQQ

$CL_F Where’s oil going? $200 $300 $400? Everything is getting repriced due to unstoppable inflation… Metals had their run, tech stocks had theirs, and now oil is getting repriced… Is the Iran conflict a cover up or the cause? What does this mean for Bitcoin and crypto? $BTC.X $DXY $GC_F $MSTR

$CL_F Right now, (WTI) oil is the most dominant factor on which direction market goes, and fading oil from near 107 to 100 on inventory build up is helping to rally the market. If oil continues to fade, the market will extend the rally from yesterday, but the opposite is also true. $SPY $QQQ $USO $SOXX

$CL_F Iran news is week old news and Trump also said he is not sure if he will do it or not. And someone just started to spin the same news afterhours. Trump is not gonna strike Iran few weeks before midterms that would be most stupid thing he could do $USO $SPY

$CL_F $SC_F I may be legally retarded but even I know what truth is. WTI over $101 now. Rocketing. Get into small cap US oil companies like $EONR . Treasury shorting small cap oil to all time lows. No one has been paying attention because, well, small cap. Easy to manipulate and keep the attention down. They did the same the SAFX, BATL, TPET, INDO, and ANNA. $SPY $USO.X

$CL_F $QQQ $SPY it’s just average Joe is getting rip off all small businesses are empty and it’s just cana get worse

$CL_F we need a massive rejection here. This ridiculous price gouging at the pump has to stop $SCO

$CL_F $USO WHY IS OIL GOING UP? IM A DOOMBERG SUBSTACK SUBSCRIBER AND HE SAID WE ARE IN A OIL GLUT.

$CL_F Reverted to the 4 hour, 9 EMA. Posted the idea yesterday. But we were a little early

$CL_F $SPY $USO Look at this due diligence - Because striking Iran before midterms would be “the most stupid thing to do”, therefore Trump would surely not do it. Have you forgotten that striking Iran in general and killing an Ayatollah was a very stupid thing to do in the first place???

$CL_F $USO $UCO think about what's happening, the last 3 days brent hasn't done much. Over those same 3 days the nov-dec differential exploded by 77%, immediate urgency and scarcity is very real.

$CL_F $USO $UCO brent premium over wti up 16% today... Backwardation is back in full strength. Check term structure composite below.

$CL_F $USO $DXY Oil bools, you did NOT want price to break that orange uptrend line. Yes, price is still above the 100 and 200 DMAs, but we can't ignore that it broke trend, at the same time that DXY looks like it's breaking its channel for the 2nd time. 🤔 NFA

Crude Oil futures $CL_F fast entries and slow exits are by far the best way of managing this volatility signature. ATR of 4.49 is huge! 1×V1 (enter 1ATR above 20EMA) + 4×V2 (size off an exit 4ATR below 100EMA) has produced since 2003, a 966% PnL, 30% DD, and 50% win rate! Crude rewards shallow or quick entries and punishes deep entries And rewards deep or slow exits and punishes shallow exits. I'll show you every one of the potential entries during this current buy-cycle. The exit is under the red line

$CL_F $ES_F $NQ_F oil testing 88.8 for the 7th time. Indexes are trying to reach for 8100 and 33k? But the index thinks it doesn't need any retracing, they wanting to go straight there.

$CL_F $USO kinda getting the feeling that this weekend may be the walk back and deescalation. talks of another aircraft carrier, additional troops being deployed and potential renewal of attacks is the dupe. if they want any last ditch effort to pull out a single W in the midterms they need to walk it back, unless they've already accepted losses and want to burn it to the ground. strait reopens, blockade removed and nuclear 'alignment'. one last banger short trade for el jefe and the boys. what happens post midterms is the real thing to be worried about

$CL_F $USO • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 91.52 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 88.58 ➔ 106.75 • Refined Demand (+OB): 89.08 – 89.14 • Overhead Supply (-OB): 102.26 – 102.33 • Buy-Side Liquidity (PDH): 91.96 [SWEPT] • Sell-Side Liquidity (PDL): 88.58 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow