WTI to 85$ by the end of the weekWTI oil is going to test 85 level. Probably it will back to downtrend after testing this level. But we should wait after testing for 1-2 days then we can determine the price movements.Longby Trader_Manager1
CRUDE OILIf you want more areas, you can half the distance between these areas, but they are less important. Preferably 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 sepehrqanbari2
Oil wave analysisOil price show clear impulse wave analysis I think Zigzag corrective is already finish by the Elliott Wave Theory rule that Wave C structure is : - 100% of Wave A: This means Wave C is the same length as Wave A. - 161.8% of Wave A: Wave C is 1.618 times the length of Wave A. Sometimes, Wave C can even extend to 200% or 261.8% of Wave A, though these are less common. Now price is down in C lag about 261.8% already So this is OK place to bet because if we count it right we can hold until next impulse happen with good RRLongby tofinse2
Crude Oil (WTI)This looks like it is poised to head back into a well established $70-$80 range (and then some!). Anticipated long-term USD strength, as well as extended Global economic weakness bodes well for an enduring price weakness outlook. Technically, Crude is at a major pivot, both, at the top of a rising daily channel, as well as at the top of a descending weekly channel trend line, resulting in a significant confluence region - both of those having price-negative connotation. The Daily (main signal); SHORT on any reversal! ... and the 240 min. (secondary signal); by Nemo_ConfidatUpdated 227
Risky long setup 10:1Long on 5min time frame. Big volume on low TP to PoC 30min volumeLongby trendtom220
Oil (CL) Aggro/Oversold Fade BUYQuick take/analysis, but consider scooping some low-risk crude contracts here (break above 84.84). Better demand zones are lower, but we've had a sizable downdraft into buy areas + are testing a key support/resistance area (~84-85), so those traders may be at our backs. The US dollar has finally taken a pause at the supply zone we ID’d in posts from earlier this week/last week, so that may help commodity, including CL, longs. Keep this one a tight leash; the bounce we’ve had thus far has been tepid, a micro timeframe higher high/higher low hasn’t yet been put in , and daily/weekly “demand” is lower still (low-80s/upper-70s). That said, CL is certainly a trade to put on your radar. Given the technical structure of the recent selloff, consider taking any profits at 1:1, then 86, 87, and 88+. Again, better buys are lower, but start paying attention/stalking longs as remaining profit margin for short sellers is a lot smaller than it was at the beginning of the week (though there is still some downside risk)! Happy trading! Jon @ LionHart Trading Longby LionHart_Trading2
Crude Oil: Ongoing Elliott Wave Corrective Drop Can Be DeeperCrude oil has been on the rise over the last view weeks, which is the main reason why inflation is still the main global problem, so we have seen some positive correlation between dollar and crude as speculators believe that rates will stay here higher for longer. Well, what’s interesting now is that after that after a lot of crude oil bull calls for 100 dollar and higher, the energy is turning south. Looking at the current intraday drop, we can see some sharp move down now, it looks like an ongoing intraday impulse with room for more weakness after Crude inventory data shows decline of 2.2 million barrels last week. From an Elliott wave perspective that’s going impulse for wave A, so more weakness can be seen after subwave iv rally, or even after wave B bounce. Resistance is at 86.75 and 88.30. In fact, lower energy can also mean that inflation can slow down, and this can then at some point puts limited upside for the USD and yields. GregaShortby ew-forecast4
OIL: $21 <--- -$40.32it is what it is. the points from the peak to Zero is enough to cover the shorts at unthinkable LOWSSby senyorUpdated 7
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 sepehrqanbari4
CL1! Crude Oil Day Trade 4-Oct-2023TRADE DIRECTION: SHORT; as indicated by the downward trendline and the market structure. KEY LEVEL: Round numbers S&R with 50 ticks range between each level. TRIGGER SIGNAL: 4 bearish reversal candles RR: 1:2 SL: 74 Ticks TP: 150 TicksShortby TheDemonTrader0
Sell shortly CL but use small Lots and contratsToday CL mraket is down but use small contrats. We are a break a support but now CL is falling.Shortby philippebrou19870
Crude Oil : Possible Head and Shoulder If the price of crude oil respects weekly pivot points, there is a high probability that it will form a head and shoulder pattern in next few days. If confirmed the target will be around $80 or belowShortby spranav0
Oil Price Pullback to Face Positive Slope in 50-Day SMAThe price of oil carves a series of lower highs and lows as it continues to pullback from the yearly high (95.03), but crude may attempt to track the positive slope in the 50-Day SMA ($84.74) as it holds above the moving average. Crude Oil Outlook The price of oil appears to have reversed ahead of the August 2022 high ($98.65) as it slips to a fresh weekly low ($87.76), with a break/close below the $86.60 (38.2% Fibonacci retracement) to $87.30 (78.6% Fibonacci retracement) region raising the scope for a test of the moving average. Next area of interest comes in around $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci retracement), but crude may track the positive slope in the moving average if it continues to hold above the $86.60 (38.2% Fibonacci retracement) to $87.30 (78.6% Fibonacci retracement) region. Need a move above the $93.50 (38.2% Fibonacci retracement) to $93.70 (50% Fibonacci retracement) zone to bring the yearly high ($95.03) on the radar, with the next area of interest coming in around $100.70 (61.8% Fibonacci retracement). by FOREXcom4
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)by sepehrqanbari2
WTI is goin to test 84.5$ levelWTI oil is going to test 84.5$ level while Dollar is going green, probably it’s will go down more than this level. we will wait to see price move after test the level. Wish you best tradesShortby Trader_Manager227
Crude Oil Head and Shoulder SellingCrude Oil Now formed and broken, Head and Shoulder for selling target mentioned in chart and conservative entry can go in retesting range 7430Shortby Arunvfx08Updated 19
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 sepehrqanbari4
Crude Oil Could Decline to 60.00A very important Crude Oil top may have been made on 09/28/23. These are the factors. 1) Completed Elliott wave - Inverse Expanding Flat. 2) Bearish divergences on RSI and MACD. 3) Peak on 09/28/23 hit rising trendline. 4) Top one day before Full Moon on 09/29/23. 5) Bearish seasonal patterns until late December There’s potential for Crude Oil to drop to the low 60.00 area by late 2023. Shortby markrivest11
DRIDR free scripthere is a breakdown on how I use the ash system along with DR. ATM vibes08:01by vybztrading110