I have not updated this CL chart for a while but been playing out the way it was mapped out and i have updated the chart to include what i see now
NYMEX:CL1! “Hard Work, Dedication!” — Floyd Mayweather, Jr. Oil could be setting up for a real nice LONG...Being that Price broke underneath Major Key Level $80.00/ Per Barrel... Let's see if we can get Mitigation of the HTF 4Hr Demand Zone Below and wait for a LTF 15m CHoCh Confirmation Set Up to go LONG... I'll be back with more updates as PA develops......
Good Evening and I hope you are well. comment: Big selling today and melted through 80. My thesis over the past weeks was a correction to around 77. We are at 79 and the odds are very high that we get there. Might see another bounce first though. Unsure and we have to wait for tomorrow. current market cycle: most recent bull trend is over and we are...
Downward range breakdown and M Patter formation. Overall downtrend Sell Below 6722. 30 Points target and 15 Points stop loss Buy chances above 4690
buying might get started here, for the 82.82 zone to make HL ... if the price stays above 80.80
Daily Target met post NY open and Crude oil news. Drop mic. Just imagine you had the skill or someone to guide you where price is going? You have the model... you just need direction.. we all struggle at one point on the bias esp intra day which needs a trader to be dynamic in his/her thoughts even when price is going against them intra day. Daily/Weekly are...
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure Completed " 12345 " Impulsive Waves Demand Zone
With FOMC looming today and NFC I don't see any reason for the Weekly SSL to be taken out and price to at least stab into the Daily FVG. I will be looking out for meaning full moves into these price points during NY session today. London may offer a little chance to create some false idea we have done it but usually the move is fake and revisited. 80.50 is my...
Hello hello, My bias is still long. I will link that analysis to this one. So, I am looking for a continuation to the upside. At the moment, everything looks good for a continuation to the upside. The Monthly candle closed above the annotated Monthly SIBI, and a new Monthly BISI was created. What i'm looking now is for price to come into any of those areas, but...
Quick after market analysis for possible overnight trade First trade Is a possible short at the newly formed resistance and I would have my Sl back up again the trend line downward So entry would be 78.8 Sl would be 79.1 Tp would be 78.3 Here we could counting that when price reach the previous resistance it would have little to no volume to support more upward...
$CL1 is looking set for an intra-day long. The recent sharp drop below both key moving averages and subsequent movement indicate strong bearish pressure. But it has found short term support and is appearing to be reversing. Disclaimer: This analysis is part of my personal trading journal. It should not be considered as financial advice or a recommendation to...
Crude Oil (June) Last week’s close: Settled 78.26, down 1.00 on Friday and up 0.15 on the week WTI Crude Oil futures shed $1.00 on Friday, in a very disappointing session for the bulls. Given Wednesday’s outside bullish reversal and rejection of the consolidation pocket from March we have been highlighting, the lack of follow through Thursday was unenthusiastic...
Looking for short entry in NYMEX:CL1! price is forming double top break and retest
With no news injections today I would stay on the side lines. We have Daily Wick level in conjunction with a 1hr FVG which if Crude Oil is substantially bearish should respect leading upto NY open and CME open. The overall bias for me is still bearish with weekly ssl in the lower half of the charts marked with a magnet. This is the draw and what I will be waiting...
Not alot of update from last week's chart. We have been creating a base in daily demand zone (green zone) and consolidating as expected. This week, I would like to see some movement to the upside. A break of $80 upside confirms trend for me with first macro target at $83-84.
- all rectangles are potential support/resistance with the last one blue being a probable exception - the 3 marked with dots levels can also become support/resistance, especially the first bottom blueish one, but they can also become like milestones levels or steps in the evolution of the price - the 2 green curves are also potential support/resistance acting as...
WTI crude oil futures are experiencing a downturn, currently priced at $79.37 per barrel, marking a 0.48% decrease. This decline is attributed to the global economic challenges that are negatively impacting the demand forecast. Similarly, Brent crude has seen a reduction in price, now at $83.88 per barrel. The economic recovery in China is progressing slower than...