This is a crude oil series I'm doing as of late. In this video, I go over the Weekly & Daily cycles, look at the Elliott wave count, and some statistics for the month of December. I'm looking at how this week is going to close, positive or negative. Let me know your thoughts on what you see playing out in November for crude oil.
Why open short trade oil ? 1. Usoil broke the strong support level and made a pullback. ✅ 2. touch fibbo levels ✅ 3. Forming bearish candle sticks ✅ 4. retest 100 ema ✅ Like and subscribe and comment my ideas. Thank you
CL1! analyses with POC, HVN and Elliott Wave ABC waves projection
✅USOIL has retested a key resistance level And as the price is already making a bearish pullback A move down to retest the demand level below is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Oil has a nice amount of Bearish Divergence at the PCZ of a Bearish ABCD and it looks ready to break the midterm uptrend and continue down on the macro.
Key levels & price action. Directional bias & thoughts. Your trading plan. ❤️Please, support this video with like and comment!❤️
CL. The growth in wave (a) looks complete. Our priority scenario in the CL is the continuation of the growth in wave (c) after the price pullback in wave (b). Correction can lead CL to $74.36, after which growth will continue. The critical level, which will cancel this scenario $72.63
Oil making trend continuous pattern for bullish move . Cup and handle formation indicates that price will go above and make bullish move today.
HELLO GUYS THIS MY IDEA 💡ABOUT CL1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the sellers from this area will be defend this SHORT position.. and when the price come back to this area, strong sellers will be push down the market again.. DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason...
This is a crude oil series I'm doing as of late. In this video, I go over the Weekly & daily cycles, look at the Elliott wave count, and some statistics for the month of December. I'm looking at how this week is going to close, positive or negative. Let me know your thoughts on what you see playing out in November for crude oil.
Hello,Traders! USOIL broke the key horizontal Level and is now about to Retest the resistance From where we will be Expecting a move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
SUMMARY Lowered demand projections for Crude Oil as per IEA and OPEC+, softer demand for Crude Oil in China despite partial loosening of restrictions as per EY, the G7-Russian Crude price cap which would lower demand for WTI Crude. We are short-term bearish on WTI Crude Oil. However, it should be noted that there may be very limited downside in price as the...
See Picture For More detail. 2 Options) 1) Wait for price to enter HTF 1hr supply and wait for new 5min/1min confirmation sell shorts. 2) 1Timeframe Long setup. Big con here is price is not inside HTF 4hr or daily demand. Yes, Price is inside weekly but I can see price go lower into demand. This area can also be used as the HTF and wait for new lower timeframe...
Short Sell Trading Strategy for Crude Oil on the basis of different principles
This is a crude oil series I'm doing as of late. In this video, I go over the daily cycles, Elliott wave, and some statistics for the month of November. I will start my December analysis to see if there is any edge to it. Let me know your thoughts on what you see playing out in November for crude oil.
Crude Oil Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 6.51%, up from 6.33% from last week according to OVX data With this in mind, currently from ATR point of view we are located in the 83th percentile, while according to OVX, we are on 77th percentile. Based on this, we can expect that the...
The security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7. (please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).