Long OilTarget box in the chart.
If I am wrong, we will end up in the red box below.
Safe trades, no advice!
What is fueling $CL to more upside?The recent test of sub-$70 oil prices appears to have been met with significant buying interest, potentially setting the stage for a reversal back above the $77 mark. The presence of a long wick followed by an inside bar could signal further upward momentum.
Bull Case:
There's strong evidence of su
Oil long.12.8.23 There was an opening price long trade on oil yesterday near the end of that trading day. There was also another chance with an opening price to go along today but at a slightly higher level. that trade would have been an easy trade if you recognized that it had a support it had an extension
Crude is Trading in 1H Downtrend Channel Crude is Trading in 1H Downtrend Channel
If Brreaks channel and retests then good upside
if reverses from here then downside
good risk reward play here
OIL working its way up76 target, trend line bounce. 1st day that NY Algos open the day buying OIL since NOvember 30th
Understanding the Basics of Market StructureIntroduction:
In the vast and dynamic world of financial markets, understanding market structure is paramount for traders and investors seeking to navigate the complexities of buying and selling assets. Market structure encompasses a range of elements that shape how markets function and how prices
[MCX] Crudeoil Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
Oil Bargain Hunt Dip BuyI am looking for an opportunity to bargain hunt dip buy on Oil and here is why.
So oil has been very bearish in recent weeks and not surprising given the bearish fundamentals such as the recent OPEC meeting not giving clarity to the market, Demand worries due to slowdown in manufacturing in major
DR IDR confirmation short retirement setupretirement setup opened during RDR with the dr idr for a short trade.
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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