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Crude Oil

Best Commodity layoutBest Commodity layout Crafting Your Optimal Commodity Technical Chart Layout in TradingView The "best" commodity technical chart layout in TradingView is highly personalized, depending on your trading style, strategy, and the specific commodities you're analyzing. However, a well-structured layout should provide a clear, comprehensive view of price action and key technical indicators to aid in decision-making. Here's a guide to creating an effective commodity technical chart layout in TradingView, incorporating common practices and versatile tools: 1. Choosing Your Main Chart Type: Candlestick Charts: This is the most popular choice for most traders. Candlesticks provide detailed information about the open, high, low, and close (OHLC) prices for a specific period, making it easier to identify patterns and market sentiment. Bar Charts: Similar to candlesticks, bar charts also display OHLC data but in a different visual format. Line Charts: Useful for a quick overview of the overall trend, typically plotting the closing prices. Heikin Ashi: These charts can help filter out market noise and make trends easier to identify by averaging price data. Renko or Kagi Charts: These focus solely on price movement, ignoring time, and can be useful for identifying support and resistance levels. Recommendation: Start with Candlestick charts for their detailed information. You can always switch to other types for different analytical perspectives. 2. Essential Technical Indicators for Commodities: While the "best" set of indicators is subjective, here are some widely used and effective ones for commodity analysis in TradingView: Moving Averages (MAs): Types: Simple Moving Average (SMA) and Exponential Moving Average (EMA) are common. EMAs react faster to recent price changes. Use: Identify trend direction, support/resistance levels, and potential crossover signals. Common periods include 20, 50, 100, and 200. Layout: Add 2-3 MAs of different lengths directly onto your main price chart. For example, a 21-period EMA for short-term trends and a 50-period EMA for medium-term trends. Volume Indicators: Types: Volume (displays trading activity) and On-Balance Volume (OBV). Use: Confirm the strength of price movements. A significant price move accompanied by high volume is generally considered more valid. Layout: Typically displayed in a separate pane below the main price chart. Oscillators (for identifying overbought/oversold conditions and momentum): Relative Strength Index (RSI): Measures the speed and change of price movements. Values above 70 often indicate overbought conditions, while below 30 suggest oversold conditions. Standard period is 14. Moving Average Convergence Divergence (MACD): Shows the relationship between two moving averages of an asset's price. It consists of the MACD line, signal line, and histogram.1 Used for trend identification and momentum.   1. medium.com medium.com Stochastic Oscillator: Compares a particular closing price of an asset to a range of its prices over a certain period. Also used to identify overbought/oversold conditions. Commodity Channel Index (CCI): Identifies cyclical trends and can signal overbought/oversold levels. Layout: Oscillators are usually placed in separate panes below the main chart. You might choose 1 or 2 that best suit your strategy (e.g., RSI and MACD). Volatility Indicators: Bollinger Bands: Consist of a middle band (typically an SMA) and two outer bands representing standard deviations. They help identify volatility and potential price breakouts or mean reversion. Keltner Channels: Similar to Bollinger Bands but use Average True Range (ATR) for the outer bands. Can be used for breakout and trend-following strategies. Average True Range (ATR): Measures market volatility. Useful for setting stop-loss orders. Layout: Bollinger Bands and Keltner Channels are overlaid on the main price chart. ATR is usually in a separate pane. Trend-Following Indicators: Ichimoku Cloud (Ichimoku Kinko Hyo): A comprehensive indicator that defines support/resistance, identifies trend direction, and provides trading signals. It includes several components like the Kumo (Cloud), Tenkan-sen, and Kijun-sen. Donchian Channels: Plots the highest high and lowest low over a set period. Useful for identifying breakouts and trend direction. Layout: Ichimoku Cloud and Donchian Channels are overlaid on the main price chart. Recommendation for a Balanced Layout: Main Chart: Candlesticks, 2-3 EMAs (e.g., 21, 50, 200), Bollinger Bands or Keltner Channels. Pane 1 (below main): Volume. Pane 2 (below main): RSI (14) or MACD. Pane 3 (optional): CCI or ATR if your strategy heavily relies on them. 3. Drawing Tools: Effective use of drawing tools is crucial for technical analysis: Trendlines: Connect swing highs or lows to identify the direction and strength of trends. Support and Resistance Levels: Horizontal lines drawn at key price levels where the price has historically struggled to break above (resistance) or fall below (support). Fibonacci Retracement and Extension Levels: Help identify potential support/resistance levels and price targets based on Fibonacci ratios. Channels: Parallel trendlines that can define a price range. Chart Patterns: Use tools to identify patterns like head and shoulders, triangles, flags, and pennants. Layout Tip: Keep your most frequently used drawing tools easily accessible in the TradingView drawing panel. 4. Multi-Timeframe Analysis & Multi-Chart Layouts: Analyzing commodities across different timeframes can provide a broader market perspective. TradingView allows you to set up multi-chart layouts (the number of charts available depends on your subscription plan). Common Setup: Chart 1 (Long-Term): Weekly or Daily chart to identify the major trend. Chart 2 (Medium-Term): 4-hour or Daily chart for more detailed trend analysis and identifying key levels. Chart 3 (Short-Term): 1-hour or 15-minute chart for entry and exit signals. Synchronization: TradingView allows you to synchronize symbols, crosshair, interval, and drawings across multiple charts in a layout, which can be very efficient. 5. Customization and Saving Your Layout: Appearance: Customize chart colors (background, candles, grids), scales, and lines to your preference for better visual clarity and reduced eye strain. Access these via Chart Settings (the gear icon). Saving Layouts: Once you have a setup you like, save it as a chart layout in TradingView. You can create multiple layouts for different commodities, strategies, or analytical purposes. Indicator Templates: Save combinations of indicators as templates for quick application to new charts. Tips for the "Best" Layout: Keep it Clean: Avoid cluttering your chart with too many indicators. Focus on a few that you understand well and that complement your strategy. Consistency: Use consistent settings for your indicators across different charts and timeframes. Practice: The "best" layout is one that works for you. Experiment with different indicators and setups on a demo account or through backtesting to see what yields the best results for your trading style. Stay Informed: Be aware that some commodities (e.g., agricultural products) can be influenced by seasonal patterns or specific reports (like USDA reports for crops, EIA for oil). While not a direct part of the "chart layout," integrating this knowledge with your technical analysis is crucial. TradingView has features to display key events like earnings reports or dividends, which can be relevant. Some community scripts on TradingView even offer overlays for planting and harvesting seasons for agricultural commodities. By following these guidelines and experimenting to find what suits your individual needs, you can create a powerful and effective commodity technical chart layout in TradingView. Remember to regularly review and refine your layout as your trading strategies evolve.
MCX:CRUDEOIL1!Long
by appzandgame
1
Crude Oil Technical Analysis for the Week of May 5–May 9, 2025Forecast for Next Week Bearish Scenario (Higher Probability): Trigger: Failure to reclaim $61.60 or a break below $56. Targets: $55.05 (April 9 low), $52.53, or $49-$43 if the 4-year support at $64 breaks. Rationale: Bearish MACD cross, descending channel, and OPEC+ production increase fears. Bullish Scenario (Lower Probability): Trigger: A hold above $57.08-$56.53 with a bullish reversal pattern (e.g., Bullish Engulfing) or OPEC+ signalling tighter supply. Targets: $63.90, $65.81 or $68 (14-day forecast). Rationale: Oversold RSI and potential demand zone support. Range-Bound Scenario: If prices stay between $57.00-$60.60, expect choppy trading as the market awaits clarity from OPEC+ and economic data.
TVC:USOIL
by renderwithme
CRUDE Hello & welcome to this analysis WTI OIL is at the PRZ of a bullish Harmonic Cypher pattern suggesting a bounce/reversal from current levels. Crude (MCX) however does not have any bullish harmonic patterns at the moment, normally, we do see them in sync, however, this time maybe due to a strong INR the pattern is not seen. One can take a trade tracking USOIL / WTI either above $57.85 (60m close) with swing low as stop loss or take a bullish trade here with $55.95 as stop loss. The targets are 38-50-62 Fibonacci levels as marked in the chart All the best
TVC:USOILLong
by Dinesh_C_Nagpal
Crude Oil Futures Under Pressure; Key Resistance Confirmed at ₹5Crude Oil futures on the MCX continued their downward trajectory on Wednesday, closing near ₹4,949 amid growing bearish momentum. WaveNodes Pro Max AI flagged a "Seller Trap Possible", but downside targets remain intact for now. Seller trap alert means big players are finding opportunity to trap or shed short sellers. The system-identified Short Entry at ₹5,212 has held firm as resistance, with two clear retests failing to breach the impact zone of ₹5,233–₹5,263. This former support has now flipped decisively into supply, adding pressure on intraday rallies. 🔻 Key Developments: AI Bearish Probability: Rises to 50.9%, surpassing bullish odds. Target 1 (₹5,036–₹5,103) achieved successfully. Target 2 set at ₹4,750–₹4,818, with potential for deeper correction toward ₹4,465–₹4,533. Profit Booking Alert: ₹5,084 marked as short-term profit-taking zone. 📉 Market Sentiment: Volatility remains elevated at 23 PPB, with good volatility reading at 21 PPB, suggesting controlled but active movement. Despite bearish strength, the AI warns of a possible seller trap, especially if prices reclaim levels above ₹5,084. 🧠 Analyst Take: “The rejection at ₹5,212 confirms the breakdown structure. As long as crude trades below this zone, lower targets remain open. However, a surprise reclaim could trigger short covering,” analysts from WaveNodes noted. 📊 Outlook: Trend: Bearish Resistance: ₹5,212–₹5,263 Support: ₹4,750 → ₹4,465 Traders are advised to watch volumes closely as crude approaches the next support band. A failure to break lower could validate the seller trap thesis.
MCX:CRUDEOIL1!Short
by WaveNodes
2
USOIL chart pattern for upcoming session of Thursday 15M TFIn the last session USOIL closed at 66.379 (2.4%) down and made of low of 65.208 , i've looked the chart on every TF and i've figured out some important levels of the crude ,on looking at the closing and price action formed our Near and major resistance zone is 66.795 - 67.090 this is a big zone but major zone and after that we've got the next resistance at 67.705 and the next one is 68.000 -68.105 , while looking at the chart in higher TF now market is going to compress or outburst for alternative scenario we've got some support zone's 65.259 - 65.200 is the level of support zone and it's also almost the low level of last session after that next support we've got on looking at every TF is 64.040 - 64.140 and after that 63.646 is the level which hold's some support , these are the level's which i got while studying the chart until new one is formed so we've to very clear here watch out every zone and level and look how price react's to it i've already told you how to trade in rejection and continuation pattern in our previous idea's ( and yeah sorry for typing mistake of level's and zone's in last USOIL idea published ) and i request every follower to avoid trading in news time ,now let's see how market react's on these levels.
FX:USOIL
by NobleFalcon
USOIL or CRUDEOIL Downtrend Movement upto 49SYMBOL USOIL or CRUDEOIL Timeframe Day chart Analysis: Breakout from the triangle pattern and we can expect a downtrend movement upto 49 We hope our analysis is adding value to your trading journey. Please note: Published ideas are for educational purposes only. Trade at your own risk. Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital. DISCLAIMER: We are not SEBI registered. All the videos uploaded in this channel are solely for educational purposes."
TVC:USOILShort
by TanujaK
USOIL Trade Idea (Zones) for Friday session 28-02-25After studying USOIL at higher TF and watching it's closing price i think 70.106 - 70.634 is No-trade zone for USOIL due to it's complexity at higher timeframe , i've also drawn a zone which can push price to downward direction which is represesnted by orange color in the chart if price sustained above this level then it can go to it's next resistance zone of 76.500 - 76.600 but here SL should be below the zone which is 70.106 and the zone itself is mutual in multiple timeframe so be cautious to trade in this zone and use manage Quantity , and for alternative scenario if price goes below 70.106 and sustained then we can see then 69.150 level because it was the last swing created and below it other levels are also mentioned in the chart , look for reversal and continuation pattern to enter in trade .
FX:USOIL
by NobleFalcon
Crudeoil expected uptrend movement upto 74/75.5Symbol CRUDEOIL Timeframe 1 hour Analysis Uptrend Movement upto 74/75.5 expected. Breakout from Triangle pattern, so we can expect a uptrend movement upto 74/75.5 We hope our analysis is adding value to your trading journey. Please note: Published ideas are for educational purposes only. Trade at your own risk. Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital. DISCLAIMER: We are not SEBI registered. All the ideas posted in this channel are solely for educational purposes."
TVC:USOILLong
by TanujaK
1
SILVER VIEW⚠️Education Purpose only!!!! Key Support area:-87,100 Key Resistance area:-96,200 Silver has long been considered a 🏦 store of value and a 🛡️ hedge against inflation. Riskier but suitable for speculation and hedging. 🔧 Industrial Demand – Used in ⚡ tech, ☀️ solar, 🚗 EVs 💰 Monetary Hedge – Safe-haven in 🔥 inflation & 📉 downturns ⛏️ Supply Constraints – Limited mining, rising demand 📊 📊 Growing Investment – ETFs & retail piling in 🚀 ⏳ Long-Term View If industrial demand and inflation persist, silver could see 📈 strong appreciation over the next decade. 🔍 Investors should monitor global economic trends, 📉 interest rates, and ⛏️ mining supply data to make informed decisions. 🚀 Price Action applied :- ⭕️50 Day Moving averages ⭕️Channel Pattern Formation ⭕️Range Breakout ⭕️Triangle Pattern Formation ⭕️Demand Zone ⭕️Major Resistance area ✅Check out my Trading View profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view
MCX:SILVER1!
by ReviveTraders
Crude Oil Ready to Explode: Wave (iii) Targets Sky-High Gains Chart Interpretation 1. Triangle Pattern: A visible contracting triangle pattern (marked as Wave (ii)) indicates consolidation before a breakout. Triangles typically occur in Wave 4 or corrective waves (B waves). Fibonacci Levels: Fibonacci extensions (1.618, 2.618, 3.618, etc.) are used to project potential targets for Wave (iii), Wave (v), or corrective moves. 1.618 (7,156): A potential target for Wave (iii). 2.618 (8,125): Extended target for Wave (iii). 3.618 (9,094): A stretch target if the trend is powerful. Current Status: The chart indicates that Wave (ii) (a corrective phase) is concluding, with a breakout expected into Wave (iii). Wave (iii) targets are aligned with key Fibonacci levels, showing potential price surges. 2. Future Projection After completing Wave (iii) and a brief correction in Wave (iv), the price may proceed to Wave (v), likely targeting higher levels. Post the 5-wave impulse, a corrective A-B-C structure may follow, resetting the trend. 3. Trading Insight A breakout above the triangle pattern could confirm the start of Wave (iii). Regards, SG
MCX:CRUDEOIL1!Long
by subhagghosh
1
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