ACTIV8X

Crude Oil: Down to 44.4?

NYMEX:CL1!   Light Crude Oil Futures
555 40 4
Oil             closed around its trend line in Orange, at 46.29, a swift fall that erased, in less than a week, all of the breakout gains. It is still hovering around its EMA20, which provided it with some support, yesterday.

A breakout of 45.94, will lead to the breakout of the Orange trend line , which will set the 44.4 support level as an objective, with 45.43 as a primary objective.

The breakout of 46.98 will send Oil             up to re-visit 47.96, with 47.49 as a primary objective.

The daily Pivot Point is around 46.39. The daily support levels are around 45.83 and 45.37. The daily resistance levels are around 46.85 and 47.41.
THANKS.
Reply
ACTIV8X AMBRISH
:) anytime!
Reply
GREAT, IT TOUCHED DAILY SUPPORT 45.83 AND NOW HEADING FOR 45.37.
Reply
Yes, breaking out the Orange trend line will send it to seek lower lows around 45.37-45.49...
Reply
AMBRISH ACTIV8X
Thanks for quick response.
Reply
ACTIV8X AMBRISH
:) anytime!
Reply
AMBRISH ACTIV8X
I will buy at 45.49.
Reply
Are you a daily trader, swing or a scalper?
Reply
AMBRISH ACTIV8X
DAILY TRADER.
Reply
ACTIV8X AMBRISH
Are you sure you want to go against the trend?
Reply
AMBRISH ACTIV8X
I WILL TAKE CHANCE, IF RATE COMES BEFORE INVENTORY.
Reply
ACTIV8X AMBRISH
A good point of view...
Reply
ACTIV8X ACTIV8X
Well it had troubles breaking through the area below 45.30...
Reply
AMBRISH ACTIV8X
It has touched last week bottom,
Reply
AMBRISH ACTIV8X
Inventory is expected to be on higher side, Crude will be down again, I hv seen heave shorts position being built up on exception of higher inventory.
Reply
ACTIV8X AMBRISH
Well last week's rally was very swift. The inversion was really fast... 44.83 comes after 45.3...
Reply
AMBRISH ACTIV8X
Yes Sir,
Reply
AMBRISH AMBRISH
Crude is over sold, market moves again common man's expectation.
Reply
ACTIV8X AMBRISH
I am still waiting for 45.47... it is a critical level.
Reply
AMBRISH ACTIV8X
I think you will have to wait till inventory,
Reply
AMBRISH AMBRISH
CAN YOU POST A CHART WITH YEARLY TREND LINE. CRUDE IS RESISTING AT YEARLY TREND LIN.
Reply
AMBRISH AMBRISH
Wow, congrats crude touched low at 45.41
Reply
ACTIV8X AMBRISH
Well I think I will very soon... On my chart it didn't hit it yet... hope your trade went well...
Reply
AMBRISH ACTIV8X
LOW 45.22 ON GCI META TRADER.
Reply
Any update for today?
Reply
ACTIV8X AMBRISH
Not really... It is very flat today...
Reply
Hi, what is the best price go long today ?
Reply
ACTIV8X kat0072
well it is very flat maybe it will move a bit in an hour or two...
Reply
ACTIV8X ACTIV8X
47.43 is a good objective, 46.49 is a good support level...
Reply
kat0072 ACTIV8X
yeah put up a buy on 46.50 and holding another one which were at 47.04. Created another just to support the loss.
Reply
ACTIV8X kat0072
Well, the area around the orange trend line, and its EMAs, was resisting yesterday and today too...
Reply
ACTIV8X ACTIV8X
snapshot


Beware of the channel...

The daily Pivot Point is around 46.37. The daily support levels are around 45.72 and 44.58. The daily resistance levels are around 47.51 and 48.16...
Reply
kat0072 ACTIV8X
Awesome will keep eye on it. Thanks
Reply
ACTIV8X ACTIV8X
CORRECTION!
snapshot
Reply
AMBRISH ACTIV8X
THANKS,
Reply
ACTIV8X AMBRISH
anytime... so how was your day so far?
Reply
kat0072 ACTIV8X
THANK, today I started with LONG@46.40........ lets see if it falls down to this price.
Reply
ACTIV8X kat0072
Hey, well best of luck for your position, beware of 46.29 and of any breakout below 46.16.
Reply
kat0072 ACTIV8X
you were right the breakout happened 46.16. :-(
Reply
ACTIV8X kat0072
I am really sorry! I hope you were able to manage it...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out