-Oil prices fell during trade on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage.
-Brent futures for June delivery fell 20 cents, or 0.2%, to $90.25 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 33 cents, or 0.4%,...
1- A dip into weekly fvg would be ideal before a meaningful push up towards the daily eqh's
2- I don't see why they would raid them so soon so that where my intra day bearish stance is.
3-Overall Im Bullish
4- Staying above Monthly open and the FVG next to it is key to remaining bullish, yes we can wick into these areas but most importantly is the body of the...
If the buyers are panicking, we will see a sizable gap up and continuation. Possible target to be seen this week: $91 to $92.65. Not advice, just some parameters.
Crude Oil (May)
Yesterday’s close: Settled at 86.21, up 0.98
Crude Oil futures slipped early yesterday due to the broader risk-off sentiment and saw further selling on larger builds within the weekly EIA inventory data. However, price action held major three-star support (newly adjusted to 84.55-84.69 and 84.90-85.10) before geopolitical premium brought a fresh...
There is something insightable happening with WTI oil.
90 strike and trade volume are attracting attention.
Check out Monday's trading data below. But to properly interpret it, we need to look at the data in the context of how the price of the asset has moved.
Comparing when the highest option trading activity was at the 90 strike and how the asset moved, the...
Market positioning data from the COT report shows that asset managers and large speculators are piling into longs, yet shorts remain subdued. The price on the 4-hour chart also shows an established uptrend within a bullish channel.
Prices have not yet completed a 3-wave retracement against the trend, hence the bias for a slightly deeper pullback before its trend...
As gold and energies prices going up dips opportunities are good trades, entry is current market price, positions could added at the break of the counter trendline
Crude Oil (May)
Yesterday’s close: Settled at 86.43, down 0.48
On Friday, geopolitical premium helped the nearby month in Crude Oil futures traded to the highest level since October 23rd, and the May contract hit the highest since June 2022. Price action gapped lower from the 86.91 settlement on the open Sunday night, but strength into the onset of U.S. hours...
NYMEX:CL1!
There may be people who have more talent than you. But there's no excuse for anyone to work harder than you. -Derek Jeter
Last week we tried to catch this move however our stops were hit due to sellers not being ready just yet to commit and Buyers came in to Mitigate the HTF Daily Supply Zone causing us to be stopped out... All good we rii back at...
Preferably suitable for scalping and accurate as long as you watch carefully the price action 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... ;)
Oil Chart Idea - 3-27-2024
Bearish for next few days/week
IMO, It should retest the 0.382 (81.44 to 81.62) region and then goes back down to get liquidity from golden pocket (79.97 to 79.68).
Oil Chart Idea - 3-28-2024
Bullish for next few days / week as
it has made a cup n handle pattern in 4hr TF
and most likely close the candle above 82.35
TP should be close to 84.40
NYMEX:CL1!
A wise man once if you're easily offended then you're easily manipulated...
Good Afternoon Family I hope this week has been good to yu all... This will be a short description/narrative on why I believe we may be able to capitalize on this counter trend SHORT on OIL after we Mitigate this Daily Supply Zone a little deeper IMO>>> Vibe w/ me!
1) I...
