if oil break EMA200 daily ,can crash to fibo 161% near 50$ strongly advice use SL on day low,high these days note= oil upper target is fibo 61% near 76.80
The Elliott wave view in OIL suggests that it’s correcting the cycle from October 25, 2021 peak. Looking for more upside towards $76.77- $83.57 area to form a wave ((B)) connector. Then from there, the instrument is expected to fail lower in a bigger ((C)) leg lower to complete the correction. While shorter cycle suggests that a decline in wave (B) unfolded as a...
API Tuesday, EIA Wednesday After a large Draw... OPEC Hookahs non-responsive... SPR Lid closed.... Crude Oil SELLs due to Omicron Lockdowns. _____________________________________ After trading 73 HWB, it fails, losing $6+ NQ has been following Crude's RTs. The DX / TNX / ZN / TLT are stuck in the Mud.
still we advice buy near 70$ and buystop on friday high around 72 and wait minimum to fibo 61% around 77 alert= if low break,oil can crash to 50$ so put sl in low good luck
Leave it to OPEC to Delta the recent Phantom 400KBPD Output Increase. Called BS on that farce, and it's knee-deep. Thursday, they will announce a cut or rollback of the most recent snafu. Hachoo Hookah as we refer to it. ________________________________________________________________ Crude remains the Leader along with the NYSE Comp and BitCon. Weakening...
The CL one hour time frame is in a short term down trend line. The market is still making lower lows and lower highs. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for buying ideas towards the monthly up Fibonacci price point 95.75 about +2,764 ticks away. Entry: Counter trend line break...
if you have open sell , close all now , looking for buy in deep , new up trend comming can go to around 100$ alert= if low 67 break,oil can crash to 50.00 $ area so 100% put SL
CL is trading both FIbs ad SMAs. They have a higher price in Trade, but have gaps both Above and Below. 70.16 / 70.11 would be the Pullback, but the BOts won't allow this until after Lunch and the EU Session ends. We took a small sell only to be stopped take a $900 loss. NQ a different story as we took a small long there and enjoyed the run. 16400 is the...
Larger Convergence and Defending the Cross. For now, the Operators are Fill Tilt Defense. Pullbacks will be Jammed again ________________________________________ Global Supply is plentiful given the present Demand. NQ took a whacking, so it's time to rally the Rude Dude. _______________________________________ Operators won't be able to make it stick and...
The CL one hour time frame is in a short term down trend line. The market is still making lower lows and lower highs. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for buying ideas towards the monthly up Fibonacci price point 95.75 about +2,764 ticks away. Entry: Counter trend line break...
CL left a large gap below @ 6585. Were it to fill, it would be after 11 AM EST should the pattern hold. ____________________________________________________________ Resistance traded Frist @ the 6864 Level - .618 of Micro. The IVX is quite itchy. Sporty Day ahead for Oil, widening Range ith solid Price actions.
The current volatility is above historical volatility, traders anticipate higher volatility for Price in the Short to Intermediate-Term. Crude Oil WTI Jan '22 (CLF22) 66.26s -0.24 (-0.36%) Crude Oil WTI Feb '22 (CLG22) 66.10s -0.17 (-0.26%) Crude Oil WTI Mar '22 (CLH22) 65.93s -0.10 (-0.15%) Crude Oil WTI Jun '22 (CLM22) 65.26s +0.02 (+0.03%) Crude Oil WTI...
In attempting to stress the Risks associated I need to step it up... this is the entire Measured Move and RTs for CL into 2022. 85.41 - HIgh 23.6% - 66.7872 38.2% - 55.2664 50.0% - 45.955 61.8% - 36.6436 76.4% - 25.1228 100% - 6.5 Low _____________________________________________________________________ For now, with traders looking for a...
Algos enjoy jacking Price, they are exceptional at moving Offsides to Out of Balance. Friday was an excellent example of their ability to fool, confound, and RANGE. Price, as it has all week, sold off into the Afternoon Session, Lunch was the Pivot time. __________________________________________________________________________ The Thursday Afternoon...
Need to Clarify my position for Crude Oil with respect to the Bullish stance and a retest of the Prior Highs as there appear to be confusion surrounding prior commentary - Crude Oil would become a very large Position for the Next run in Oil. Time is nowhere near this Entry - Not remotely Close. We are not encouraged by the current Price Action, not at...
Crude Oil is attempting to complete the 377 SMA Trend Line touch. On the Dialy STO/RSI we see it is nearing Deeply Oversold conditions. However, this does not suggest it will not trade Lower. It can and likely will with any luck. ______________________________________________________________ Lockdowns remain a concern. - It is a day-to-day...
Crude Oil is Dangerous, as CL defended Micro Support. It can retrace prior to the Next Sell OR It can implode to 57, we believe it will, just not yet. ________________________________________________ USA and OPEC are in no way increasing Production, pure comedy at this point. The Press Release was a convoluted amalgam of nothing. No Change in Plans, but...