391! trade ideas
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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crude oil just broke the neck line crude oil just broke the neck line... as tension in market oil supply, this looks as really nice for long position.
oil at $128 USD?The fundamentals for oil to be over $100 USD per barrel are in place; oil inventory reports are getting lower, and what happened today between Israel and Iran could potentially push oil to $120 USD.
There is a bull flag with a breakout there!.
WTI Crude oil - last update. Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3.
Our current strategy: Moderately Long following wave3 of the minor trend(yellow). Our current position's risk profile @$72.58: delta +0.35, gamma +0.28 Hedging point: on breakout $72.30. or @area $74.00
Crude Has More DownsideStrong Red TrapZone and Red UMVD for Oil futures, We are going down even further.
CL and PETR4 Oil and Petrobras in tandem.
Possible bottom in CL due to geopolitical situation in the midwest.
Please se video for exact points and opinion.
Thank you.
Crude in Wave 3 - Bullish ChannelBasically and continuation of previous published idea. Wave counts have been updated and the low at Wave 2 sets the lower channel. Wave 1 ended and was followed by and expanded flat Wave 2. Continued movement above the bearish downtrend channel continues to give great confidence we are seeing a trend change to bullish movement.
Friday's closing looks to have ended with an ABCDE triangle that will end in a Wave 5 on a lesser count. I'll take a snapshot of my minutes count and add to the replies.
Overall, I'm bullish. Looking to buy dips and will likely see and end to this wave in the 80's.
Thoughts and ideas only and charts and comments not meant for trading decisions of any kind. I advise you to due your own diligence, keep your own counsel, and trade at your own risk.
Crude Bullish Or Bearish today?Crude Bullish Or Bearish today? I think she will go down.........but you tell me your opinion? Due to the levels I thought they could break through and/or jump up lol....... I could be SUPER wrong but.......
My view on CrudeoilCRUDEOIL
double bottom breakout possible above 6175
looking tgt 6250-6300++
very short term
keeping on radar Crudeoil 6100 CE
WTI Crude oil - last update Our overview: Red Sea tension on focus again. Divergence on hourly RSI. On breakout and close on hourly timeframe above $74.00 push the price straight to area $75.60/$76.00. On the other side, breakout of $72.80 could push again the price towards the bottom of the trading range. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3.
Our current strategy: Neutral follow the market. Our current position's risk profile @$73.95: delta -0.03, gamma +0.24 Hedging point: not set
Crude at crucial Point strong up or down move likelyDay RSI if crosses 53 then an upmove likely 74.34 may be crucial level, also taking support on monthly pivot but should cross RSI 53 for upmove otherwise a downfall possible.
WTI crude looks set to retrace before its next big leg higherWTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported.
From here we’re looking for prices to revert to $70. But given the strong support around the June lows / $68 and false break of $70, the bigger picture view is for a bullish rally to develop following a retracement heading into the new year.
$80 seems feasible as an initial target, around the 200-day EMA. But as you’ll see in the next post, a bigger bullish reversal could be unfolding on the weekly chart.
WTI Crude wedging into the buy zone?Since September 2023 the price of WTI crude futures has been painting almost a textbook wedge into the 68/69 support zone. Aggressive traders might find the current price to be a good buy point, depending on their drawdown tolerance.
Oil possible bottom/accumulation Oil has been chopping around the 67-73 area for about a month now and has not created any lower lows after last lower high. Clearly holding up very well and broke the multi month down trend line of resistance and is currently finding/bouncing off it as support. Ideally would like to see the trend line hold and not breach below. A hold of 72 would be very bullish but Oil is known to be very choppy and it is possible it could see 67-70 again before breaking out, however if this does happen it should be very short lived or it could lead to much lower levels. I am currently long with a stop at 70.
Crude Oil will meet us at 78$ in coming daysBias Bullish if break above 73.30 and stay 1-3 Hrs.' above mentioned trigger line then we can easily meet with prices at 78$ in coming days.
1.Symmetrical Triangle which is price continuation pattern.
2. Upper trend breakout will heat up bulls.
3. Most influential trigger line will be break in daily time frame at 73.30$.
4. Inventories short fall.
5. Seasonal in line of Crude.
WTI Crude oil - last update Our overview: Negative EIA data, worse then the previous API release, push the price back to retest the support @$71.00. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 3.
Our current strategy: Moderately Long looking to follow the trend's wave with first target in area @$74.00(top of the actual trading range). Our current position's risk profile @$71.25: delta +0.25, gamma +0.23 Hedging point: on breakout $71.00
OIL in limbo, can go either way, waitingWe've called oil pretty decently before but a lil tough at the moment
Daily
#OIL has been in a bad downtrend.
Currently it is forming a symmetrical triangle.
Weekly
Oil is trading below its moving avgs.
Volume is lessening.
This is a hard commodity to call at times.
Anything can happen, war, cuts, etc...
My view on CRUDEOILCRUDEOIL FORMING
CUP & HANDLE PATTERN
ABOVE 6050
LOOKING TGT 6110-6150-6200++
keeping on radar Crudeoil 6000 CE
Crudeoil LevelCrudeoil Level
Pink Level is Major S/R
yellow Level is miner S/R
pls find bullish or bearish patterns on level
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WTI Crude oil - last update Our overview: Conflicting API data once again suggests caution. Big draw in crude counter with big build in gasoline and distillates. Trends analysis: Primary(purple): upward corrective structure wave C, intermediate(green): upward impulsive structure wave 3, minor(yellow): upward impulsive structure wave 2.
Our current strategy: Still moderately Long looking to follow the trend's wave with first target @$74.00. Our current position's risk profile @$71.50: delta +0.20, gamma +0.21 Hedging point: on breakout $71.30
Light Crude Oil... BULLISHThis is a longer term view. It may take a couple of weeks to play out.
The Breaker Block + FVG pose a strong bullish indication that price
may head higher.
The BB represents the turning point in the trend, from a bearish to potentially
bullish market. Not to mention price is going from an ERL to an IRL, potentially.
