CAPITALCOM:OIL_CRUDE inverse H&S development on 15min chart, TBC. Breakout above ~91.10 for confirmation. Capitulation below ~89.50 (right shoulder) invalidates pattern. TP target ~93.50 upper trend-line confluence.
Day Trade Market Condition sep 22, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Note the trend on ES/NQ approaching 4376/14718, it attracts buying however enter if price action and volume suggesting
Oh my..I think something big is on the way. Let's first look at what we see on the chart: It's a long-term chart, where each candlestick represents 3 months. Why did I take 3 months? Because I wanted to see the big picture. Look at the red frame. This is a daily chart, and with all the candles going up and down like a rollercoaster, it's messy and will keep you...
WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd. This is after the formation of a new Higher High on the three month Channel Up pattern. In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022. With the 1day MACD about to close a Sell Cross, we couldn't...
Day Trade Market Condition sep 21, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Note the trend on ES/NQ approaching 4376/14718, it attracts buying however enter if price action and volume suggesting
WTI Oil Prices Face Selling Pressure as Fed's Hawkish Stance Dominates Western Texas Intermediate (WTI) crude oil prices are grappling with selling pressure, hovering around the $88.80 mark. The Federal Reserve's recent meeting and its hawkish stance have cast a shadow over oil prices, complicating the outlook for the energy market. Here are the key factors...
Day Trade Market Condition sep 20, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Note FOMC @2pm EST with FOMC possible the price edge to the high/low value area has been developing On Monday idea with layout the week charts
On a today's live stream, we discussed WTI Oil. The price is currently taking off from a solid horizontal support. As a confirmation, the market formed an inverted h&s pattern. Its neckline has just been broken. I expect a pullback at least to 90.6 level now. ❤️Please, support my work with like, thank you!❤️
WTI Oil (USOIL) almost hit our $93 target on our last idea two weeks ago (see chart below) and yesterday reached the top (Higher Highs trend-line) of the 3-month Channel Up: The first reaction is so far a rejection that has already taken the price to the 4H MA50 (blue trend-line). This is the first contact with it in 3 weeks but it's not a confirmed sell yet...
Day Trade Market Condition sep 19, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
while going through the price action it can be a pullback to 3rd point. the pink box which is having more green candles can act as support where buyers actullly entered with huge volumes. trade with caution as fall can be faster after a while when bulls loose momentum.
Day Trade Market Condition sep 18, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Big picture for the week Both ES/NQ no major change with structure as every single volume profile value higher
The more we look at market positioning on WTI, the more we suspect that oil may be dominating headlines as we head into 2024. In recent weeks we can see that large speculators and asset managers have been increasing long exposure and reducing shorts, which is the ideal scenario for a bullish trend. Yet net-long exposure for both sets of traders remains low by...
Day Trade Market Condition sep 15, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Day Trade Market Condition sep 14, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Caution of FOMO trade happening
Day Trade Market Condition sep 12, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend CPI number making higher volatility this morning, will update after
Day Trade Market Condition sep 11, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Trading Z contract for NQ/ES
Day Trade Market Condition sep 11, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend Trading Z contract for NQ/ES