**CrudeOil:** The forecast is for the price to rise to the top of the channel.
Introduction Credit spreads are a sophisticated options strategy involving the simultaneous purchase and sale of options of the same class and expiration, but at different strike prices. This approach is particularly effective in scenarios where the trader seeks to capitalize on premium decay while maintaining controlled risk exposure. Commonly used in volatile...
there could be shorting while day tf is in uptrend, lets see from where the price gets rejected....
Bullish. After forming a new peak high, price retraced to the +FVG. Friday's "news wick" tapped the -FVG above and quick returned the +FVG. Should the +FVG hold, expecting price to move toward the highs, as price moves from Internal -> External liquidity. The LRLR to the lower left is a draw on LQ that bears watching. I enjoy any feedback or questions in...
taking a short with a tight stoploss ( $82.71) just above midpoint of 1h FVG Looking to take equal lows at bottom of the 20 Day IPDA period.
81 seems to be like a solid support area. Missed initial long but oh well.
Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone. A small doji also firmed around these levels to suggest a swing high has formed, or very near. A...
Pair : Crude Oil Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line S / R Level
Crude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the...
NYMEX:CL1! “If my mind can conceive it and my heart can believe it - then I can achieve it.” - Muhammad Ali HOUSE CALL for a potential SHORT this week.....This is simple what I'll be looking for! 1) On the Daily TF we have a HUGE rejection Candle at the Daily Resistance leave $84.00 Per Barrell and now Price is currently trading above this Daily Demand Zone...
Today On the Daily I am in confliction with bias meaning that it could be changing soon if we repeat another bullish closing day. For this I have dropped down onto the 4hr TF and the most recent 4hr -ob is what I will be referencing as to Bullish or Bearish intra day PA. Scalpers Market atm If you un sure, sit still. We did close above the Daily v.i as I have...
81.81-82.30 can play pivotal role for the next movement, if trade above, then 85.25 could be its target zone and if trade below, then oil can reach 78.81
This week I have a eye on 80.50 for price to reach. We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i The Daily V.i is important to reference as Monday we can trade higher into this.
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....
this pivot is considered as very strong demand zone due to war situation So I long 2 contract of CL set different TP this is very good area to make short term scalping trade
Wednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and...