Monday Crude Oil The first intra day bias will be 78.70 which has eql's Simple as that.Shortby IamThattrader110
Three Factors Keeping Oil Prices in CheckAT A GLANCE: Despite ongoing geopolitical conflict, oil prices and volatility are relatively low A rise in U.S. crude production and weak demand in China are helping oil inventories maintain average levels Considering many factors like the Russia-Ukraine war, OPEC+ cutting production by 3.6 Editors' picksEducationby CME_Group2274
CRUDE OIL (CLN2024, USOIL, WTI)... BEARISH!Bias is Bullish. Daily TF shows 2 weeks of consolidation supported by a Daily +FVG. Friday finally saw a "BO" as price traded through the swing high with a close above it. Note that price is now inside the a Daily -FVG. Potential for a bearish reaction? Yes. However, I believe it will be shShortby RT_MoneyUpdated 332
One more shove lower before blast off? The structure on Friday shifted into corrective looking waves, so I won't be surprised by another shove lower into fib support before the next meaningful run higher commences. If it goes up directly from here I will have some head scratching to do. by bcindc110
WTI trading plan - 16 May 2024NYMEX:CL1! Longer term trend is still bearish. But Price is trading above 50 SMA, suggesting a short-term bullishness. Will attempt for intra-day longs today with stops below the 50 SMA. Longby MChaoticUpdated 3
Oil Counter-Trend Longs into Next ShortOil has broken the 15 minute shorts and now are on their way to the All The Way HWB shorts in on the larger 4 hour time frames. You can see how on Friday, the small time frame shorts survived multiple 4 hour candle dives below the 61.8% longs, only to close at or above the 61.8% long. Our 15 minute Longby CeresTrader3
Crude Oil Tuesday ForecastI Have in Mind that we will be BEARISH bias mostly this week as we have Tapped into the Premium Daily FVG yesterday and rejected lower. My two targets shown in the forecast are the arrows. Daily PDL Weekly SSL Now it is important to realise that the market is moving in London and a straight sell iShortby IamThattraderUpdated 2
Crude OilThis is not a trading signal, it is my own opinion, if you copy the trade is on your own risk. Oil has broken the down trend channel , so far there is still move to the down side to retest the previous support, which will probably create triple bottom to indicate for break through to the up trend iShortby sahli072