The return of oil.
I could explain why but its all fake so it doesn't really matter.
Here comes the clowns, to bring in the next act. Unemployed clowns....
Do you like your job? Well enjoy it while you can
Rates raise = Unemployment raise = Rates fall = Unemployment raises more = commodities fall
Lets watch unemployment raise and see if im right
My...
... for a 1.74 credit.
Comments: Selling the 9 delta put and the 21 delta call here in Feb as an additive delta adjustment. Net position delta leans a smidge long ... .
we know oil is very very very veryyyyyyyy trendy market and go against trend is very dangerous agree?
wait near 71$ low and after pinbar comes on 1h-4h-daily chart pick buy with sl in low and try hold it 2-3 week ,,,technical say oil upper target is 85 then 100 $
predict = we predict oil fair price is 50$,,,,aftter 2-3 uptrend wave it can go down wild ...
For Monday, 76.98 - 77.27 can contain weekly buying pressures, below which 67.14 long-term support remains a 2 - 3 week objective.
Downside Monday, 71.83 can contain selling into early later week, once tested 76.98 - 77.27 attainable within 3 - 5 days.
On the other hand, closing today below 71.83 indicates the targeted 67.14 by the end of next week, where the...
... for a 1.12 debit.
Comments: Pairing profitable short put with profitable short call ... . I sold the 94 short call for .79 and the 63 short put for .80 as part of short strangles I put on at different times, for a total of 1.59. Closing out here for 1.12 result in a .47 ($47) realized gain.
Still in the February 15th 66/91 for a 2.02 credit and the March...
4h crude futures have a $1.5 range at the moment.
Closing above 74.50 will open the way to 77.77,
below 73 = 69.69 is on the table...
I like those numbers... lol
For Friday, 76.98 - 77.19 can contain buying through next week, below which 66.71 long-term support remains a 2 - 3 week objective.
Downside Friday, 71.75 can contain selling into early next week, once tested 76.98 - 77.19 attainable within 3-5 days.
On the other hand, closing today below 71.75 indicates the targeted 66.71 within 1 - 2 weeks, where the market...
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
this lined up with a daily level, failed auction and confirmed the bearish harmonic.
if theres no support to be found here i will hold my shorts for lower
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Today's trading analysis showing a bullish bull flag for the CL1. Rsi shows that price can check previous resitance level and then bounce back for longs.
We have adjusted our priority scenario in CL. Downward acceleration in wave 3 looks most likely and could bring oil prices to $62.92. If the price of oil rises to $81.72 we’ll change our view. In support of our opinion, we also want to note:
1. Strong winds and mild temperatures will certainly reduce energy demand.
2. Bubbles burst in the financial markets. One...
For Thursday, 77.11 - 77.32 can contain buying through next week, below which 66.71 long-term support remains a 2 - 3 week objective.
Downside Thursday, 71.67 can contain selling through the balance of the week, once tested 77.11 - 77.32 attainable within 3 - 5 days.
On the other hand, closing today below 71.67 indicates the targeted 66.71 by the end of next...
