Hey traders, WTI Crude Oil is approaching a key daily demand zone. 73.0 - 75.0 is the area on focus. To catch a pullback from that watch a falling parallel channel on 6H time frame. Your trigger to buy will be its bullish breakout. Then buy aggressively or on a retest. Goals will be 79.1 / 81.3 In case of a bearish breakout of the blue zone, the setup will...
Top-down analysis on WTI Crude Oil. Key levels & price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
As I predicted, WTI Oil is falling nicely. Here are the key levels for you to watch: Resistance 1 84.5 - 85.5 supply area Support 1 73.0 - 75.0 demand area Support 2 61.5 - 62.5 demand area Key levels give us the safest trading opportunities. Patiently wait till one of them is reached. Then look for a confirmation to buy/sell safely. ❤️Please, support...
enter:78 stop loss: 77.5 TARGET: 79.6 good luck
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On the way to Sky, clearly the current and future scenario is affecting and distorting the supply and demand for oil, less is produced, but more is required, it is desired to replace but there is still no plan B in the morning.
Hey traders, As you know, for the last two weeks I was very bearish on OIL. Spotting the overbought state of the market I was looking for a channel breakout trade. Once the channel went broken, I was looking for a retest of its broken support to short. The price formed a cute double top formation with a lower high retesting the broken trend line. My trigger...
Because of the price decline, and according to my analysis of modest art, I expect a sharp drop in the price
Because of the price decline, and according to my analysis of modest art, I expect a sharp drop in the price Significantly reduced price from 82.39 to 79.22
Hey traders, Important update for WTI Oil. The price managed to violate a major rising wedge pattern to the downside. Its support was broken and a daily candle closed below that. Now the broken support serves as the point for sellers to sell from. I expect a bearish move from that. Goal - 77.00 ❤️Please, support this idea with like and comment!❤️
... for a 22.00 credit. Comments: Took heat on this spread from the start, so taking advantage of this little sell-off to get out for a small profit. In for 21.00, out for 22.00 here; 1.00 ($100) profit.
Price action analysis on WTI. Potential scenarios & key levels. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
NYMEX:CL1! Oil Markets Are Looking to keep moving to the upside. Doesn't look like the OPEC and other Oil Wranglers are interested in increasing supply to cover their loses from the COVID-19 lockdowns.
enter: 84 stop loss: 85 target 1: 81.6 target 2: 77 GOOD LUCK
The force is strong with the market adage that strength begets strength. But this week, it will likely be all about the NQ earnings to see if it can catch up to the all-time high prints from the ES (S&P) & YM (Dow Jones). We get 'em all this week - FB, MSFT, GOOG, AMD, AMZN, AAPL. In other markets, can CL get to the top of our channel around $86? Will Gold...
The rise in oil seems to never end, all estimates are up, the target is $ 100 a barrel for authoritative institutional sources. I have "surfed" the trend from the terrible COVID collapse to today, where I believe it is appropriate to take profit, leaving as always a small part in the portfolio, considering the fantastic average purchase price. Analyzing the...
So Russia said they would provide everyone with fuel, they said "no one in Europe will freeze". They also reminded us they are tired of sanctions, which weaken the US currency. Recently, and this was ignored in US and international news, the US stabbed France in the back. France that still think they are a major power (they are still in the top 5 or at least 10...
Structure analysis on WTI Crude Oil. Confluence zone & historical perspective discussed. Trading recommendations are given. ❤️Please, support this idea with like and comment!❤️