CL is an excellent example of wave analysis while maintaining an upward trend. We sustained a solid upward trend over a period before the scenario became interesting. Here, we saw a structure break to the downside, which turned out to be a two-legged pullback or correction into an untested zone. This attracted more buyers, and the upward trend has now resumed. The...
NYMEX:CL1! Long on oil. OPEC holding strong,Hot economy, supply and demand imbalance, demand growing
Short term target 30 days' $87. 90 days out $89 plus. COT reports favor higher prices.
An update from the last summary: Stating the obvious but the recurring pattern did not play out.
This was a painful past couple of days but some realizations that I will walk through here for anyone who may be on a similar journey or realizations.
“Buy high and sell low” or “buy support and sell resistance” are simple words to speak, to walk through in back...
Crudeoil above 6900 may see near 7000
Above 7000 it may see 7200
Overall trend is upside on 1 hour time frame
This chart is only for educational purpose
3.28.24 It is video I show you how I set up the gold chart Any oil chart. I think both markets are going higher even though there would be better entry levels and I show you where they are so that you could have gotten in at a better price with a high probability that the market would go your direction if you take in the trade at an easy to determine trade...
Oil hit a supply zone on the 4H timeframe during the yesterday’s U.S. session and sold off into the close & has continued falling in the Asian session. As of now it’s sitting around the $81 level and there’s a gap highlighted on the 1H timeframe that I have an alert set for! Unless some news develops till then, once the gap is filled I’m going long
Repeatable patterns. Something to watch on the 25 tick / 15 minute Renko chart for CL. This first image is late January. I’ve marked some areas of interest and where we could be in the pattern and something to watch.
This is from today’s price action.
Pay close attention to the action of the indicators between the two highlighted periods of time.
We are in a crazy market right now bitcoin
has just recovered from a crash
--
But be careful as you navigate the stock market
because I think this is going to be the last bull run
Before the US central bank decides to cut rates,
when that rate cut happens usually the stock market
vear market begins
and then this means there is blood on the streets
so prepare...
CRUDE LEVELS.....
for 3days
Thanks to everyone for follow and appreciate....
Happy Profitable trading ......
Note:
This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.
I use fibs to help time markets. Based on this, it helps me see when the moves are coming. Although,I Don't always know the direction. At any rate, the global economy seems to be on glass, and oil is the linchpin. A parabolic move higher could be from an oil embargo or a move lower could be by some major deflationary event. At any rate, Keep an eye on this in April
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia.
These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
This will serve as an update to the previous discussion specifically to some of the chart settings and the approach.
Going into the open on 25-March-2024, I was looking for price to move lower to test the monthly and yearly Camarilla R3. My reasoning was that neither seemed to have been tested yet and that these two together would provide a good level for...
Good evening and i hope you are well.
Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp.
As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of...
