Crudeoil future in 1hr time frame if it breaks the resistance line go long for 30pts minimum. Maximum is target level.
For Wednesday, 72.80 can contain buying early next week, below which 67.99 remains 3 - 5 day target able to contain selling over the same time horizon. A daily settlement below 67.99 indicates 62.14 over the following 2 - 3 weeks, where the market can bottom out through summer activity. Upside Wednesday, closing above 72.80 indicates 77.21 within 3 - 5...
... for a 1.31 debit. Comments: Took this off earlier in the day, mixing and matching profitable call with profitable put from strangles I put on over time ... . Net 4.11 credits collected at this point, leaving me with the 58P/60.5P/85.5C/89.5C. With the entire position marking at 3.25, so I'm up .86 ($86) at this point.
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... ;)
6.6.23 This video is about oil. I believe there is an expanding price action..Which I explained in the video... and I'm looking for the price to move higher. If you like the videos please give a thumbs up so that I know if there's interest in this kind of analysis.
OPEC announced cuts in oil production. Globex session opened with a gap up, but Comex session didn't show interest in oil buying, (because US probably bought already on Friday). Moreover, the volume of regular trading hours is showing an increasing interest in lower prices.
On Sunday OPEC+ announced: The 3.6mil bpd production cuts, will extend into 2024. Saudi's will cut an additional 1mil bpd from July 2023. The #oil #price opened higher on Sunday evening futures open. It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the...
1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 73.8/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support...
For Tuesday, 71.69 can contain session weakness, above which 73.01 in reach today and able to contain session strength. A daily settlement outside of this zone would indicate directional continuation in the respective direction. In other words, closing today above 73.01 indicates 77.04 within 3 - 5 days, able to contain weekly buying pressures when...
trend breakout, pattern identification/short selling based on OI change and volume
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... ;)
I've been keeping an eye on the crude oil market and it's been quite a ride. So, OPEC+ had a meeting in Vienna and they've decided to cut production starting from July 1st. It's interesting to note that Saudi Arabia is taking the brunt of it, slashing their production by a million barrels per day. This means they'll be producing around 9 million barrels per day, a...
... for a 1.58 credit. Comments: An additive delta adjustment trade, selling the -16 delta call and the +10 delta put to pick up -6 of net delta. 1.58 credit on buying power of 4.48. Total credits collected to date: 5.42. Entire Position: 58P/59P/60.5P/85.5C/88C/89.5C
... for a 1.29 debit. Comments: Mixing and matching profitable call with profitable put from short strangles I erected over time. 3.84 net credits received to date, leaving me with the 59P/60.5P/88C/89.5C. I may go ahead and sell a new short strangle in August to delta balance the entire position back to net delta flat here.
Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end....
A two-sided framework continues through summer between 62.14 long-term support, and 82.57 long-term resistance, both regions able to contain seasonal activity. Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year. Upside, a weekly settlement above 82.57...
The point of TradingView (and being a human/trader in general) is to learn from your mistakes. I did make some mistakes. Perhaps this idea by itself is another mistake. But I cannot do any different. I must speak out about what I see. For the past year I tried to understand the pressures that are pushing prices higher, equities lower. It is important in analysis...
Something happening behind the scenes for #CrudeOil... Notes Crude Oil Future's open interest 7 year rate of change for oil's open interest profit zone & fomo above this line