Home Sectors Energy Chart of the Day: Will Crude Oil Run Again?

Chart of the Day: Will Crude Oil Run Again?

By

-

October 6, 2023

16

Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback.

The first pattern on today’s chart is the price area around 83.50. It represented the peak in December and April. It’s also near the spot where …

For more, please click here to view the related idea and chart analysis on TradingView.

Crude oil futures, *daily chart with selected patterns and indicators, courtesy of TradingView*.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Chart of the Day: Does ARK Innovation Have Downside Risk?

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Energy Stocks Pull Back But Are Still Leading This Year

Chart of the Day: Does ARK Innovation Have Downside Risk?

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Energy Stocks Pull Back But Are Still Leading This Year

Options Alert: Traders Position for Potential Drop in Uranium Miner

Is Inflation Making a Comeback as the Fed Looks to Cut…

Tech, Housing, Inflation: Stock Market Trends To Watch in the New…

What Is Event Risk? Why Does It Matter? How Can it…

Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Are Rate Cuts Out the Window? Market Trends This Week

Bulls Pivot from Rate Cuts to Economic Growth: Market Trends This…

Traders Have a Powerful Tool in OptionStation Pro

Chart of the Day: Will Crude Oil Run Again?

MOST POPULAR

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Energy Stocks Pull Back But Are Still Leading This Year

Rolling Options: Key Things for Traders to Know

TAKE ACTION

Cryptocurrencies Score Gains as Payment Giant Enters Market

Bitcoin Rips Higher on Square News

Choppy Price Action Is Still the Trend in Cryptocurrencies

Banks Cling to Support Ahead of Stress Test

Global Energy Squeeze Revives Interest In Solar Stocks Following a Year...

Stocks Keep Climbing as Negativity Lifts