EliteTrader101
Long

Crude oil analysis and Levels

NYMEX:CL1!   Light Crude Oil Futures
Today should have been an easy day to go long at the Inventory level, but they whipsawed me out a few times so I gave up just before the big move to my target. The target that I marked up was from my MT4 Oil             chart which looks different from this oil             chart. The Mt4 oil             target was hit, but this target was not so I recalculated where the target would be using this chart and it was also hit, but it was at a lower level than the MT4 chart.

I will look for a W pattern at one of my levels tomorrow to go long and this time I will use a larger stop so I won't get knocked out so easily. We had 2 levels of rise and am expecting at least one more on Short squeeze Fridays. It is a lot easier to be an analysts than a day trader as I had perfect levels but still ended up with a lose today when this is one of the safest longs to take. I will update a more precise target tonight
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out