Energy Commodities

0:00 Indices 3:12 Currencies 7:47 Gold, Oil 9:00 Crypto

EIA Inventories Data comes negative Add short at the breakout

Pattern: Channel Down on 4H. Signal: Bearish as the price is near the Lower High. Target: 2.350, which is the expected Lower Low based on fractal analysis.

A potential double top fade setup around 6650. Looking for weakness around that area to trigger a sell.

After long time we are on the strong resistance zone on WTI Crude OIL. 1. Trend down ( this is reason why i want only short trade ) 2. Volume cluster ( significant volume cluster within a trend ) 3. S/R zone from the past ( support has turned into resistance ) Happy trading Dale

The correlation of oil price with bitcoin is quite visible. Means any time the price of oil rises some of the profit is pumped into bitcoin. As well the crush of oil price results to crush of bitcoin. In this sense I guess the next crush of oil price, that is expected in may will lead again to crush of bitcoin market.

As we heard 2 days ago, president Donald Trump announced about new sanctions on Iran, that cause the USOIL price to jump away and creates new fresh demand, we can see this New demand in the 1Hour chart, that demand below seems like a great continuation level and I’ll buy there if the price retrace the demand, on the 1D chart we can see that the USOIL Price is...

Try to short

first target is 65 $

We have a double top in the 1hr timeframe. Wait for market to retrace back up and then short it again. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk

Yesterday's dollar growth took many by surprise on the foreign exchange market. The dollar index has reached its maximum in the last couple of years. Let's try to understand the reasons for this growth, as well as reflect on the near future of the US currency and trading tactics. There were several suggested explanations for the growth of the dollar by leading...

DWT 1) Short correction. 2) Double small impulses 3) During breakdown of the first candle. growth is same size of candle. (TD) Profit:Risk = 1:1 --- Buy Stop = $5.07 Take Profit = $5.23 Stop Loss = $4.91 ------ Take Profit = +3.16% Stop Loss = -3.07%

We should expect to see oil drop. We are approaching almost oversold conditions (RSI), Stochastic is showing the cycle is coming to an end. It's a safe bet we will retrace to the nearest Fib level, which is currently at 61.01/bbl. Time frame: end of September of 2019 into the winter months. This trade is aligning off my prior trade I posted in February for July...

Not putting my money where my mouth is with my oil TA - not trading it anymore, so take this for 10mins of passing TA. This looks a bit overdone on the uphill climb, however there is a great deal of macro events promoting this rapid climb. We can see here we are due for a FIB retraement point very soon. Still see oil in an overall bull trend, that is still...

Crude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL

Short term Elliott Wave view on Oil suggests the pullback to $63 ended wave 4. Rally in wave 5 is currently in progress and subdivides as an Elliott Wave impulse structure. Up from $63, wave ((i)) ended at $64.61, wave ((ii)) ended at $63.46, and wave ((3)) is expected to complete soon. Both wave ((i)) and wave ((iii)) also subdivide as an Elliott Wave structure...

IM JUST LEARNING THE MARKET DIRECTIONS

XOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.