Hello my friends,
This is going to be my first post about Crude Oil trade ideas.
I also trade Oil besides FX and metals as this is also a good trading instrument.
As you can see price above the kumo cloud on 4hr tf.
Kumo also green colored and parabolic SAR below the price indicating buy pressure.
Buy Crude Oil 39.75
Stop loss at 39.20
Take profit 1 @40.30
beside the lack of supply due to the storm in Golf of mexico it looks like we get a nice chance to buy gold in terms of technical analayis.
After a retest of the key-support-level followed by a retracement of the SPX500 we probably see a risk-on-sentiment in the market due to vaccine-hope and the fact that current price is very attractive to...
What about Crude Oil Future!!
CL had taken an upward trend, after each level (A and B) CL consolidates it. Now it’s stable inside a trading range.
So we have the break down of the VWAP and support trend, If CL was capable to break the trading range down, we expect CL will decrease to rebound on level B.
Once it reaches level B we should wait...
On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time.
Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart.
At this point we also...
Light Crude Oil #CL long term long bias, weekly demand level in control, similar scenario is also available on Brent. Weekly chart is uptrending, weekly demand imbalance at 64.94 is in control and printing higher lows. Daily demand at 65.82 in control attacking a used-up daily supply zone at 70.39, expecting daily supply level to be eliminated. If that happens a...
Here we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014.
Quick summary why I'm bullish in the next weeks:
1. Overall bullish trend
2. Consolidate and form a higher low
3. Failed breakout lower, breakout higher
My next target is 75.50, and if we...
MARKET ANALYSIS: The pair is now trading near the resistance level. If the pair is able to break the 52$ level, we can expect a huge rally to the next possible supply zone near the 54.40. So lets wait and see what the market does in the coming days. Cheers!
WTI Crude Oil shows a breakout of the upper range on the 4 hour time frame. This can lead to a wave towards 50.30 before retracing a bit back down again. A few days ago I also published an idea on WTI Crude Oil at the Daily time frame which shows 52.50 as longer term target. Short term the 4 hour time frame is now atleast supporting a break of 50 and I am not...
If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone.
After breaking, wait for pull back and long.
It will be a 1:3 risk to reward trade.
Hello again friends!
Today we see that price crossing into a potential reversal area where we see many things have been lining up. First and foremost, notice this steady uptrend. Price has come down in the form of a complex pullback. A fibonacci inversion was taken from the center of this pullback and price has just hit the all-important 1.618...
The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the...
The Chart deals with weekly time Frame
As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z...