CL1! - Crude Oil - WTI - H4 Weekly Analysis -
We have a major Bullish Trend on the H4 & H1 charts, price has broken the trading range.
We are waiting for a pullback on a Support @ the 0.786 Fibonacci Level to enter long.
Our first target will be the 1.272 Fibonacci Level and second target the 1.618 Fib Level.
CRUDE OIL price action: Potential strong bounce from strong support trend line. Probable targets: 27.9 and 28.8.
Invalidation break-down bellow support trend line at 22.4. After consolidation bellow resistance possible 34.9.
Volume: increased, good sign.
Indicators: MACD bearish crossover bellow zero line, RSI bellow 50 points, bad sign.
Patterns: bounce from...
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments...
Here we have a Wolfe Wave for Crude Oil, CL1!. Price broke the 1-3 trend line but did not quite reach 5'. Therefore, we look at the 1-4 line as a target. The arrow pointing to the 1-4 line does not signify the path price will be taking. It is simply a visual tool.
I should also mention, I do not have a stake in Crude Oil. I am comparing the movement of this...
Global news can say whatever you want . It is not physical oil . This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil - JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets -...
Today Crude oil is so stable and you can predict the mouvement of this market .
DISCLAIMER : I don't use support or resistance line to publish those signals .
If you want to see more like and follow
Feel free to comment how can I upgrade my ideas ?
CL1! - Crude Oil - WTI - H1 - Intraday - Bearish Reversal - SELL
We have a Bullish Trend continuation on the H1 chart that has made a new high to the Resistance on the 1.618 Fibonacci Extension Level.
We are expecting a bearish correction to the 0.618 Fibonacci Extension Level.
First target @ the 0.618 Fibonacci .
GOOD DAY TRADERS
HERE IS A LONG IDEA FOR OIL, OIL HAS BEEN TRYING TO REGAIN TRACTION AFTER THE US JOBS DATA
> SAUDI ARABIA RAISED ITS OFFICIAL OIL PRICES THAT COULD HELP IN KEEPING OIL PRICE WITH THE BULLS
> OIL CONTRACT IS HEADING TOWARDS THE SECOND WEEKLY BULLISH CLOSE AFTER PRICE DIPPED BELOW ZERO LEVEL
ON THE 4H WE SEE THE FORMATION OF A DESCENDING WEDGE...
Crudeoil needs to break the channel at 28.43 and sustain above 29.3 to give a rally to 36$ which is the nearest resistance. Support is at 24.35, expecting a pullback if Crudeoil hurdles to cross the channel.