@bitofamacroman @Bekiumuzi_Dube I am contributing "Swing Failures" to your analysis. Here I wait for lower highs to trigger the first Swing Failure and enter SHORT.
In my Weekly Levels videos I have been saying for weeks that my long term target on oil is 100. This is the level that oil liked to hang out almost a decade ago for the better part of the last decade! Through this major run up over the last several weeks I have been looking for a meaningful pullback to take a long. We got that this morning on a pullback to test...
On our morning's live stream we discussed Oil. It looks like the market is finally preparing for a bearish move. On hourly time frame, the price formed a descending triangle formation - a classic reversal pattern. Its neckline breakout is our trigger to sell. I expect a bearish move at least to 89.5 level. ❤️Please, support this idea with like and comment!❤️
Hello world! According to my technicale analysis, Oil has returned back to the level it left in November 2014, which is a very strong trading range. We can also observe that oil is reaching the top of the Uptrend channel, which means that we may see a small correction in the next few days/weeks. It can go down to the red line (which is a strong market support)...
Oil has rallied significantly, smashing through our target of 90.06, and solidifying the 90 handle. We are within inches of our next target at 92.03, with a red triangle on the KRI confirming some resistance just below it. The Kovach OBV is ripping with this rally, demonstrating the incredible strength of this rally. Our next target of 95.24 is garnered from...
Hey traders, Oil is unstoppable. From the beginning of December, the market gained more than 35%. Ahead is a strong supply cluster. It is based on a major rising trend line that the price respected 3 times in a row in the past. Let the price test that structure and then look for a confirmation to short catching a pullback from there. ❤️Please, support this...
What do we have here? Divergence and resistance tell a story. But the indicators are not predictors. They "indicate". That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback #patientpitchfork @RiderOfThePF
Once the descending channel is breached, oil will continue to rise
Oil is tending toward the upper bound of the range between 87.21 and 88.74. We are definitely seeing an affinity toward higher levels and a bull wedge type pattern forming. We have strong support from below as confirmed by green triangles on the KRI. It does appear that oil is mounting up for a breakout soon, in which case, our next target is 90.06. If we...
we have a strong signal indicating that the interest going up, so that means the stock market is dropping and it is a bad time to invest in stocks, so if you holding a stock you'd better sell it
Oil is ranging in a sideways correction bounded from above by our target and highs of 88.74, and below by 87.21. We have seen support from this latter level as confirmed by a green triangle on the KRI, and a subsequent pivot back to attempt highs again. Currently, we are within inches of the high at 88.74, and the Kovach OBV has picked up notably. If we are...
Crude Oil futures face significant overhead resistance. However, this does not mean that we are at the top. As inflation rages, CL may eventually break the $92-$100 chop zone. For traders who are long CL, this chop zone is a good exit point and a strong volume close above $100 a reentry point. It is likely that even if CL does not break through the $100 level,...
Oil has topped off just below our target at 88.74. We appear to be equilibrating in a sideways correction about 87.21. It looks like we are establishing a floor just above 86, in the vacuum zone between 85.55, and 87.21. Volatility has consolidated considerably, so anticipate a breakout either way. We could make another run for 88.74. The Kovach OBV is still...
Cup & Handle, ready & served. Nice Risk Reward. The only concern is the MACD, which points still to the downside. But hey, nothing is perfect. And because of the great RiskReward, I'm in.
In this update we review the recent price action in crude oil and identify the next high probability trading opportunity and price objectives to target.
cl crude oil long wait for the breakout and go long
prepare to buy here, after a breakout, if the market did not break the resistance or break without volume, stay away! PROFESSIONAL TRADER TELLING YOU
hello today i share with you my view about oil crude cl 1 as you see we are in area of correction