CLQ2016 Commodities Futures Chart

LIGHT CRUDE OIL FUTURES

 

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copydrbij copydrbij PRO CLQ2016, 15, Long , 7 months ago
CLQ2016: possible ABC stucture
56 0 2
CLQ2016, 15 Long
possible ABC stucture

Yes i did see the big drop after eia, what i did not see however is a new low. I also noticed we got stopped by the upsloper's MLH. This i why i went long for C. I will of course monitor and lock in profit whenever i can because crude... is crude :)

copydrbij copydrbij PRO CLQ2016, 240, 7 months ago
CLQ2016: Long for median
43 0 1
CLQ2016, 240
Long for median

No follow through on drop, even after retesting broken TL from the back resulted in squeezed swings, that left the downsloping median set without reaching it's median. Now the last of the swings got zoomed and is currently being retested. A long postion shooting for the median seems like a good idea to me here. Sl underneath last swing.

copydrbij copydrbij PRO CLQ2016, 240, 7 months ago
CLQ2016: They broke the uptrend but are reluctant to sell it further.
163 0 4
CLQ2016, 240
They broke the uptrend but are reluctant to sell it further.

Crude did not roll over and die after breaking the uptrend. A BIG emotional candle after a disappointing eia report broke the trendline dating back to january, but what puzzles me is why it did not break down further after the retest of that line from the back. Maybe they are anticipating the BIG DRAW eia report on wednesday and therefore hesitant? Or is this ...

zhipengcfel zhipengcfel CL1!, D, 7 months ago
CL1!: Support and resistance levels for usoil (2016-07-09)
426 4 11
CL1!, D
Support and resistance levels for usoil (2016-07-09)

Oil broke out of the triangle at 45.9 this Thursday and it is coming to bottom of the decline channel. It will have more room to down if it breaks the support of the decline channel line. Please refer to the flowing charts to ...

dalbitg dalbitg CLQ2016, D, Short , 7 months ago
CLQ2016: wate 46.40 ^^
36 2 2
CLQ2016, D Short
wate 46.40 ^^

or 47.60

copydrbij copydrbij PRO CLQ2016, 15, Long , 7 months ago
CLQ2016: Catch the falling knife.
33 0 1
CLQ2016, 15 Long
Catch the falling knife.

Vertical big bad scary red candle upon eia. Broke both TL and Wedge, which we are currently crawling back into. Now, i am taking a risky position here (falling knives not meant to be caught). But i am counting on profit taking into weekend and some realism plus this upsloping median set which 'cuts' very nicely. Not risking much here just small portion of this ...

copydrbij copydrbij PRO CLQ2016, 15, Short , 7 months ago
CLQ2016: only thing keeping me from shorting this is EIA in 5 minutes ;)
26 0 1
CLQ2016, 15 Short
only thing keeping me from shorting this is EIA in 5 minutes ;)

Rising wedge coming up on upper tl big wedge and second warning line old downsloper. I would short but EIA is coming in 5

copydrbij copydrbij PRO CLQ2016, 15, 7 months ago
CLQ2016: looking for possible long here
69 0 3
CLQ2016, 15
looking for possible long here

We are still following the downsloper but coming up on three major supports: the uptrendline from the rally going back to january, the lower TL of the big falling wedge and the horizontal support off the 45.80 area). Also price action is becoming wedge-like and squishy. If we bounce back and retest i might become a buyer here. Prerequisite would be a zoom and ...

copydrbij copydrbij PRO CLQ2016, 15, 7 months ago
CLQ2016: gauging price action there may be a trade here
47 0 2
CLQ2016, 15
gauging price action there may be a trade here

After reaching the median price can continue or reverse. I will monitor carefully to see if i can enter with favorable position and R2R

copydrbij copydrbij PRO CLQ2016, 15, Short , 7 months ago
CLQ2016: follow up on earlier posted short trade
90 0 3
CLQ2016, 15 Short
follow up on earlier posted short trade

we are following a downsloping median set with a median parallel to earlier mentioned mult pivot line (which got zoomed friday and is due for a retest). Because we are following the downsloper nicely i would move stop to BE and adjust target for downsloping angle of target line

copydrbij copydrbij PRO CLQ2016, 15, Short , 7 months ago
CLQ2016: Short scalp with potential to become a swingtrade
129 0 2
CLQ2016, 15 Short
Short scalp with potential to become a swingtrade

As posted earlier i think Crude is on a crucial junction here. A closeup look at the structure revealed a nice short set up. Price action at the Orange Excursion line we zoomed on friday will tell if it is just a scalp or something bigger. If we rebreak that line, the short could be kept open for a bigger downside move. If we bounce back up i will be looking for ...

copydrbij copydrbij PRO CLQ2016, 240, 7 months ago
CLQ2016: do or die for crude here
118 0 3
CLQ2016, 240
do or die for crude here

Monday price action will be telling for the direction of Crude oil this summer. Will we repeat last years drop (started around this time) or has the balance truly shifted? Crude has no more room for messing around so we WILL know this week :)

psi. psi. PRO CLQ2016, 240, 8 months ago
CLQ2016: Possible Plans for Today OIL
12 0 1
CLQ2016, 240
Possible Plans for Today OIL

importand candle

copydrbij copydrbij PRO CLQ2016, 240, Short , 8 months ago
CLQ2016: Short WTI revisiting last summer
67 0 1
CLQ2016, 240 Short
Short WTI revisiting last summer

long term positional short trade based on swing structure and a median set

zhipengcfel zhipengcfel CLQ2016, D, 8 months ago
CLQ2016: USOIL NEXT STEP OUTLOOK and TRADE OPPORTUNITY (2016-06-25)
595 3 12
CLQ2016, D
USOIL NEXT STEP OUTLOOK and TRADE OPPORTUNITY (2016-06-25)

We experienced a choppy week in oil market. It rejects back from the resistance zone at Friday with close price much lower than the neck level. https://www.tradingview.com/chart/CL1!/tfFBRQ0S-US-Oil-Watch-for-the-resistance-zone-at-49-2-50-1/ It seems that a head and shoulder pattern was confirmed from daily chart. And a potential cypher and gartley pattern are ...

Nebula666 Nebula666 CLQ2016, 240, 8 months ago
CLQ2016: Bearish on the 4hr
17 2 1
CLQ2016, 240
Bearish on the 4hr

Bearish on the 4hr Looking for the right shoulder to finish up

Silver-Silver Silver-Silver CLQ2016, D, Long , 8 months ago
CLQ2016: Long CLQ2016  - $53
373 0 10
CLQ2016, D Long
Long CLQ2016 - $53

Note the month of the chart please.

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