Simple analysis on the Monthly timeframes. There is trendline liquidity residing above, which I believe is the next draw on price. With that in mind, I noticed price react nicely off of a 5-Month FVG and Orderblock. With that in mind, I'm anticipating price using the current Sibi that it is in to become an iFVG. I would like to see a Monthly candle close above...
NYMEX:CL1! It has formed an Inverse Head and Shoulders pattern on the 4-hour chart. If it breaks above the bullish line around $79, we can expect a rise to $90 very soon. This expectation is supported by the PPI and CPI data, along with China reopening next week, which will likely push oil prices higher.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
I personally don't think technical analysis is governing the prices but this textbook example of Wyckoff Accumulation Schematic suggests that oil contracts may be priced at around 185 USD, in like 1120 days :)
We've been expecting #InterestRates to be cut. Here's the counter argument to that... Economy not slowing down. Bigs are getting bigger. Labor market is tight. People are working 2 to 3 jobs. Expected payroll raises in the near future. Expected increase in prices by businesses. Rent and housing prices are still rising, for the most part. Oil is trending higher....
Good day. WTI. Last month showed interesting upward and downward movements; in anticipation, everything closed for an upward movement. Due to the instability in the Middle East and lower Africa, and indeed in the world, these factors influence more likely the Growth of Oil, but let's move on to the Technical Picture. Since the beginning of the year it is trading...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CL is consolidating in the range. I'm going to buy CL based on 15M bullish breaker after swept Asia low to go to the high of the range, i.e. previous day high. There is a room for 1:2 RR
Everyone I knew piled into the short CL at 79.00 this afternoon. However, we traded a late afternoon long fib to the 61.8% level and held there as support. Then, here in the Asian session, we have held that level and briefly dipping in. I am recommending buying CL here at 78.40 level with an expectation that we are going to go through 79.00 and make a push for...
Crude Oil (WTI) Futures CL Priority way on 29.02 - Short These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
Possible it goes up first from up here, but down would make more sense, imo. If it goes, up I will short scalp and try to leave a runner.
Good evening and i hope you are well. Quote from my weekly outlook: short term: slight favor for the bulls to reverse Friday and trade above 79, there could still be resistance if bulls won’t push above with some force. bears win below 75 for at least 74 or lower That outlook was good for 300 pips. Hope you made some. bull case: Bulls got exactly what i...
Oil futures have an inverted H&S or cup and handle formation, if oil breaks out we'll see rebound inflation next month. Something to watch out for. Resistance is at $80. Might cycle back down if there's a truce in Gaza next week, but I think Biden is full of crap, lol.
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
Oil had a very strong daily close on Tuesday, and appears to be heading for the highs of the weekly range. My Draw on Liquidity is Tuesday's high, as well as 79.09 and 79.36. I am hunting a long setup. I would like to see H4 candles closing with rejection wicks into the H4 bullish FVG's. A close of this nature will authorize me to hunt m15 long entries.
Crude oil futures are currently facing a confluence of factors that could significantly impact their trajectory in the coming months. One of the most significant developments is the potential extension of voluntary oil output cuts by OPEC+ into the second quarter, with the possibility of extending them until year-end. Fundamentals: On the monetary policy...
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Crude currently in a rangebound continues with its range which is 6100-6600. Last few days crude following exact same pattern. Now crude on a verge of selling here, as it appears to be on top of the pattern. A shoot above 6600 might trigger buying which can float to 6800-7000-7300. Below 6550-6600, crude is selling & might touch 6300-6200-6140. Hope this chart...