Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and...
WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark,...
6.15 Analysis of today's crude oil market trend:
Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The...
Oil has reached an important price level, which will determine the trend for the following week (at the very least). From here I see only three possible scenarios, starting with the most likely one to occur.
1) Price pulls back from the resistance level, as I presume a lot of people will be shorting the high level of 25th October. Alternatively, it can...
OIL Long Setup
🔵 Entry Level: $80.60
🟢 Take Profit: $82.84 (2.8R)
⛔ Stop Loss: $79.80
Reasoning:
1) Apparently the two trades from yesterday failed and we went much lower than expected. The price is currently resting on the lower trendline of the ascending channel, so I am expecting a slight move up.
2) Target is set at the middle trendline in the ascending channel
Jul 2
July 1st as per astrology it s highly pressure date for crude oil ,
so keep july 1st high low very important
predicted on 02.07.2021
Thanks & Regards
K Sureshkumar
Hello traders,
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...
Other than the CM_Ult and CM_MacD, you can see candlestick pattern identification, to see when initial bull began, etc. Take a closer look and analyse.
Here is the pre-indicated active link for chart to trail it ~ enjoy~
www.tradingview.com
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and...
B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to...
Long term downtrend
Current correction should end before level of 60$ per barrel.
If we saw price above 60$ it could test higher prices but only for short term.
Price in long term should go down, below level of 50$ per barrel in next 6 months maximum.
Hello everyone. I hope it goes all well for You. I have been working this set up out this evening. Crude Oil seems to be struggling and is not giving us a wild rally eventhough we had two consecutive very bullish stockpile reports. The first one that came out on July the 6th has not endured the bears pressure and session closed much lower than the days high....
This shows what, in my opinion, CL might do in the next couple of months. CL will reveal its hand on the day of the OPEC meeting (whatever people think, OPEC WILL create a strong reaction). After that meeting, the candle we get is going to show many things. However, I believe movement after the meeting, into summer, will be much more interesting and violent. It...
Soon we have two possible action on crude oil on this week arroung the price of 55,15:
1) More possibly "a shooting star" appears getting bearish action toward 46,00 which would be a bottom or reversal price for bulls again. Bulls on crude oil during the summer is favorable for OPEC countries.
2)Less possibly crude oil price stays above 55,15 in daily candles and...
