Oil stil having a bull trend, it accumulate energie more than a week, clean zone until price 74$.
I will by oil only when price will broke 70 and make retest so its confirm that our level is good and buyers trying to ceep price over this level.
Stopp loss not more than 10-15% from ATR (arround 20 cents). Take Profit minimum 60 cents .Enterin only with law volatility.
It's no surprise that the oil market is as volatile as ever, following the ongoing trade war saga between the US and China. Yesterday, OPEC has released their report on future outlook of the market demand for the rest of 2019, which is BEARISH. They are helpless as demands are dropping, and the US shale supplier keep on continuing to pressure the price with...
2 days since my last idea about Oil.It gave good trade with short stop loss .With risk 20 cent we earn more than 1 dollar.Our level 70 was placed right becouse we can se that price cinfirm this level many times , byers still trying to protect this level.The main now is look where price will close today, if it will close near 70$ its not good sign, becouse all who...
Intra-Day setups remain our only trades as the VIX completes Settlement Tomorrow.
Puts are again becoming attractive as this weeks Gamma Squeeze is beginning to
AAPL -150 CALLS * Apple claims they will be unaffected by Semi Shortages
TSLA - 750 Calls
AMC - 56...
.52 - .84 Range must break and hold .85 or it returns to the lower
end of the Range which broke .55 @ .52.
Seller should enter the picture, we shall see, but it [s worth a Poke.
70.18 - 70.33s Support
Large Negative divergences in CRUDE
NQ is the last to break.
The FED is providing $8.34 Billion in Coupon Purchases.
1/4 to 1/2 Size today.
We will be watching until 10AM EST, to see IF there is
support of any kind.
Selling pressure yesterday was significant, but
again... it's Friday.
Commentary from 2 prior Sessions does not change.
Have a good weekend - HK
Crude Oil will provide indications a sign of the next decline.
Our Price Objective was met, typically CL will exceed these
PO's prior to a reversal.
We sill see it there is a 2nd test of the highs tomorrow.
The lower Price Objective in Trend is 57.
Monthly Draw is 6.50 to ATH @ 148.20.
Large, volatility should continue to build.
EIA proved to be a solid SELL.
For now... we shall see, poked a scalp long and closed after
Crude Oil remains a wild child.
Expect the Unexpected.
70.61 is a long way above.
It's in the hands of OPEC now.
Larger reaction dead ahead.
Crude Oil remains in a large Daily Sell and although it still has some room
in the box... it is weakening.
No Positions - scalps in range it is all for now.
We'll see which way it breaks, we're indicating 57s will trade again from Levels
We took our first STO @ 68.10 just now and will Build an
outsized SELL Position to the APEX.
The DX, we believe will place pressure upon Crude Oil
in the coming weeks.
Off the height of the APEX, we Indicate a return to 65.70
and then lower to 57s as the Equity Complex comes under
extreme duress, led by Technology, the Dollar and Yield
We Hold 7.5 K @ ~ 6593 STO
We Hold 12.5K @ - 66.34 BTO
Presently we are Legging OUT of STOs
1K per 12 Ticks above 66.35.
Net Long as .500 comes into trade
the 66.61 pivot exceeded and dipped in,
we bought the lows ahead of AM Pit Session
and are slowly putting the Net into Balance.
On Trading CTs we are now + 2492 Ticks.
Rebalance will leave us NET Long...
Thank the Stars we got the push off the .22 ES/M2.
It had dipped in, indicating the Stop Run would complete
This will be taken away far quicker than the chaser will
We are loading the proverbial woodshed with SELLS.
BR/VG tossed a bunch of Jing to position for protection...
we did as well.
All Buy to opens across the YM ES RTY NQ were...
Crude Oil remains within the Trade Plan we established - 57 is the primary Larger Daily Target.
The chart has been highly technical and for Crude Oil, this week... uncharacteristically Not
Each and every retracement level has confirmed the SELL.
CL is providing a degree of cover for the "transitory" narrative.
Hopefully those following have taken the...
An eye on CL! light crude oil - Bottom of channel and volume shelf. Aroon and Williams indicator showing signs of a reversal as well.
Trading the XOM October Calls.
Break of Channel could imply move down to the 200 MA