CL was trending bullish but on Friday reversed and closed back below the daily high mapped out on the chart. Now I would be looking for it to touch the daily low.
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Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Correction Short Time Frame
Crude oil is at all time highs as it pulls back into todays opening range. this is also a 15 minute demand zone. Entry at previous weeks high Stop loss is right below structure on the 15 min and 1 hour chart.
crude oil trading quite high, drop of 2% could be possible as a correction, if trade below...
Good evening and i hope you are well. wti crude oil bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact...
NYMEX:CL1! Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!! Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me... 1) On...
**CrudeOil:** The price resisted at the EMA200, it is expected to reach the top of the channel, zone between 82.70 / 83.60.
Crude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI...
9:45 am entry higher low created 77.58 Nice bullish candle engulfment & Break of structure TP 78.57(1.618 extension ) 84 Pips ✔
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of...
NYMEX:CL1! I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon... Here is my reasoning why...!! Rock w/ me! 1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break...
Oil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the...
Market has broken to the upside and looks like it is trying to resume uptrend in addition to uncertain Geopolitical environment.
Long trade on Crude Oil - 1 contract Entry level on the break in of 75% Fibonacci seg 2 contract on the break in of 75.55 support price R around 6
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... ;)
Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we...
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... ;)