The rally is almost ready, but all depends on how the geopolitical things run out.
1. Symmetric triangle pattern has been observed 2. Good support and resistance formed I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️
May is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%. However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of...
Crude Oil (WTI) Futures CL Priority way on 07.05 - Long These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
Crude Oil (June) Last week’s close: Settled 78.11, down 0.84 on Friday and 5.74 on the week WTI Crude Oil futures have trended with a lower high for five straight sessions and while trading below first key resistance at 79.49-79.63, it is gearing for the sixth straight session since the April 26th peak. Price action has now tested major three-star support at...
**CrudeOil:** The forecast for Crude this week is for the price to fall to the zone between 76.68 and 75.84, where we have a lost pivot, and then rise again.
Elliot wave theory confluent with war situation in middle east wave 4 Zigzag deep correction seem to finish in pivot point (previous high) I long, aim WTI crude oil will go back at least 85 I going to partial close if price is reach 85 I also back-test using trend line and pivot point I found that using 3.5% SL is work well to protect whipsaw in trading I...
Introduction: CL1! (Crude Oil Futures) has experienced a pronounced downturn lately, prompting traders to investigate the underlying factors driving this descent. In this analysis, we'll explore various elements contributing to CL1!'s downward trajectory. Technical Analysis: Breakdown of Key Support Levels: CL1! has breached significant support levels on the...
Selling volume appears to be slowing down but does CL reach 77/75 before catching a bounce?
As it appears, we could see another downward spiral in oil prices for next week and then maybe hit the support of $77 area?
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....
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......
analysis suggests that the optimal selling zone for crude oil stands at 6651. This assessment prompts strategic considerations for traders, with suggested take-profit levels at 6575, 6530, and 6500, offering multiple opportunities to secure gains. However, to mitigate potential losses, it's advisable to set a stop loss at 6720, safeguarding against adverse market...
Over reaction and over sold on the 1st of May. NYMEX:CL1! could recover some lost ground tomorrow. Plan is to buy above 79.40.
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...
as day tf is in uptrend, its could be possible that price can bounce from here around for LH or HH