Crude Making Shooting Star On Daily TL Not A Good SignCrude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good SignShortby ProTradersInstitute2214
light crude oil in 15 MIN As you can see, crude oil is in an upward trend and it seems that it will continue to rise but it is a trap that very few know today is the weekly inventory and according to my experience there is a high probability that crude oil is going to collapse to 71.00Shortby yassir903
Sell Jan crude at 70.36 if filled, stop at 73.18Sell Jan crude at 70.36, looking for a small short covering rally and a good entry to join the downtrend. if filled, stop at 73.18Shortby Cannon-TradingUpdated 3
Big move CL1!Broken 4 hr trend line Trend line retested Entry above 50% daily retracement Last chance Longby richmoore85222
Big move CL1!Broken 4hr trend line Entered above 50% daily retracement Generous stop loss Full take profit about 176 ticks Get in now !!Longby richmoore850
Crude oil trades around this rangeCrude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The short-term weakness will be turned into a shock, and then with the recovery of space, it will become a rebound upward, and the local formation of a long-short switch. The 4-hour chart relies on the middle rail as a bullish support to rebound, and quickly recovered the lost ground after a brief step back on Friday, while recovering the 72.0 mark, and the step fell the second high point, breaking the weak fall. Top focus on 74.7-74.5 line resistance, Focus on 71.8-71.5 first-line support below.Longby the_Hand_of_God2
USOIL, Crude Oil a wedge in a Trading Range. USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high. They will need to create consecutive bull bars closing near their highs, trading far above the the trend line to increase the odds of higher prices. Crude Oil remains in a 71-week trading range. Traders will Buy Low, Sell High in trading ranges until there is a breakout with sustained follow-through buying/selling. At the moment, the market is trading near the lower third of the trading range which is the buy zone. For now, the selloff since September has lasted a long time. A minor pullback can begin at any moment. If a pullback begins, traders will see the strength of the pullback. If it remains weak and sideways, the odds of another strong leg down will increase. Trade safely, Trader LeoLongby Leo-btm559
CRUDE OILPreferably 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... ;)by sepehrqanbari10
Crude AnalysisWeekly Breakdown on Trendline once retest done can see major fall Resistance - 6000 Support - 5750Shortby jsagar4301
CL1! Oil Setup On The WeeklyCL1! is setting up nicely on the weekly time frame continunity with a hammer in place to indicate a possible reversal over the coming few weeks. RSI is sitting at 38.41 and MACD is falling. Let's watch to see when the MACD closes to show support of a continuation. The Slow Stochoctics indicator is beginning to cross to indicate a change. If nothing else we are beginning to reach a line of support here. Longby GlennTrading5
Crude Oil - Looking up towards $75In Elliott Wave Theory speak, this can be a C wave towards the 200% fib. Needs to hold the gray box early this week and start hitting targets, if the bulls continue to be in charge. Longby bcindc1
CRUDE OILPreferably 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... ;) Longby sepehrqanbari7
MCL CL shortLets try to take short at 72.30 with risk at 73.00 Target profit 67.30Shortby hafizidris19944
Crude Oil Is Looking For A RecoveryCrude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are losing strength. However, any short-term low is not confirmed, unless we see an impulsive move back above 72.60. But if you look at the current price move, we can already see price turning sharply today, which can be an indication for a higher rally.Longby ew-forecast14
Long OilTarget box in the chart. If I am wrong, we will end up in the red box below. Safe trades, no advice!Longby SteverstevesUpdated 1126
Crudeoil LongCrudeoil Long Strong Support Zone 5770 to 5690 I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and lossLongby Treemurti_Traders1
Crude Oil I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and lossLongby Treemurti_Traders0
Crude Oil 12/12Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Waveby ForexDetective6
Possible quick USOIL tradeLooking for a long entry @ 71.70 with a PTGT @ 72.25 1H Support @ 70.31Longby Kevin_raging_bull_Orlando3
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 support, particularly from the buying activity observed a few days ago. Although we remain in a bearish stance, having not closed above $77.58, breaching this level could set us on a direct path towards retesting the $95 level. Bear Case: However, it's critical to consider the inability of oil prices to break through the monthly or weekly downtrend angles. The notion of retesting $95 seems overly optimistic at this stage. It's more realistic to anticipate a rebalance at the bearish candle, tempering expectations. The $77.58 mark could act as a formidable barrier, potentially driving prices back down to around $67. Conclusion: The market is currently exhibiting a wedging pattern, which is generally unfavorable for long-term positions. Should we witness an opening and closing above this bearish order block, it may pave the way for a retest of the $80 levels.by JDTheGreatUpdated 3
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 which was the 1.272.... and then you have a small stop. The market very well could have gone lower but there was enough evidence to take a chance to go along with a small stop because you had a very easy chance of the market moving up a couple thousand dollars or more. on the other hand, as the market moves higher we may find that sellers will step in and it is possible that the market could make a new low. However, It was worth taking a long position if you could do this with a small stop and a nice reward. 20:00by ScottBogatin6
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 hereShortby ProTradersInstitute2211
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 are determined. This article delves into the fundamental components of market structure, shedding light on the key factors that influence market dynamics. Components of Market Structure: Market Participants: Market structure is inherently defined by its participants, including buyers, sellers, institutional investors, and market makers. Each participant plays a unique role, contributing to the overall ebb and flow of the market. Order Types: The diversity of order types, such as market orders, limit orders, and stop orders, significantly influences market structure. Understanding how these orders interact provides insights into the mechanics of price movements. Market Exchanges: Exchanges serve as the backbone of market structure, providing a platform for the trading of financial instruments. Whether centralized or decentralized, exchanges shape the landscape of trading activities. Market Phases: Bull and Bear Markets: Market structure undergoes distinct changes during bull and bear markets. Recognizing the characteristics of each phase is crucial for anticipating shifts in sentiment and making informed decisions. Cycles and Trends: Market cycles and trends contribute to the dynamic nature of market structure. Observing structural changes during different phases helps traders adapt to evolving market conditions. Case Studies: UPTREND / BULL MARKET: When the market exhibits an uptrend structure, our focus should be directed towards identifying opportunities to go long or initiate buy positions. DOWNTREND / BEAR MARKET: When the market adopts a downtrend structure, our attention should be centered on identifying opportunities to sell or go short. NO TREND / SIDEWAYS When the market is moving sideways without a clear trend, it's a good idea to be careful and closely check the market conditions. Opportunities for buying or selling might be limited during these times. Traders can use specific strategies for this situation, like sticking to a range or paying attention to support and resistance levels. In such a case, it's smart to think about leaving your current position and being cautious by not getting too involved in the market. Since there's no clear trend, avoiding unnecessary risks can help protect against potential uncertainties and unpredictable price changes. Conclusion: In conclusion, a comprehensive grasp of market structure is indispensable for anyone engaging in financial markets. As markets continue to evolve, adapting to changes in structure becomes a key factor in achieving success. By understanding the basics outlined in this article, traders and investors can navigate the intricate web of market structure with greater confidence. Shared content and posted charts are intended to be used for informational and educational purposes only.Educationby LokiMilo112