Looks like a good opportunity to go long on CL. Nice breakout of the 2 month range. Looking for continuation trade. Entry - 73.8 First Target - 76 Final Target - 80 Stop loss - 71.5 ( I would like to see a 4hr close below that green box) Please let me know your thoughts. Thank you!
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... ;)
A two-sided framework continues through summer between 62.14 long-term support, and 81.85 long-term resistance, both regions able to contain seasonal activity. Inside of this wide range 77.70 and 67.08 can both contain weekly activity, possibly into August trade. Closing below 67.08 indicates 62.14 within several weeks, able to contain selling into...
Crude Oil August contract in a make it or break area. Pls listen to the recording for more exact points. Thanks.
this is only my plan possibly I'm wrong. planning first trades for the coming week
I think it's time to be intrest for SHORT, I'll update TARGETS bellow
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... ;)
Crude oil is in a nice uptrend, making some very clear extended impulse from 70.20 area where fifth wave can be extended. We also see price now approaching the 161.8% Fib target, so intraday traders should be aware of some slowdown, possibly back into wave four before uptrend may resume. If wave four is really near, then nice support is at 75.32. Also, at the...
For Friday, the 72.85 - 72.97 area can contain selling through the balance of the week, above which the 77.63 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July. A daily settlement above 77.63 indicates the more significant 81.97 long-term resistance level within 1 - 2 more...
The price of gold clears the May high ($76.69) as it stages a three-day rally, with the advance in crude pushing the Relative Strength Index (RSI) towards overbought territory. Crude Oil Outlook The price of oil registers a fresh monthly high ($76.96) as it carves a series higher highs and lows, and a move above 70 in the RSI is likely to be accompanied by a...
I've been often asked, how I choose the A/B/C Points when I apply a Pitchfork. Just use context and learn the Swing rules. Then you cannot go wrong, and you will get the correct information from the market when you throw a Pitchfork on the Chart. Be open minded, but don't force your meaning to the market. The market is doing what he wants. So, we look for a...
happy that target got achieved.. thanks for watching..
Based on indicator signals we found a trade.. only for learning purpose.. paper trade advised
After observing this candle with substantial volume, it suggests a strong potential for the market to return and initiate an uptrend.
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... ;)
As we observe the crude oil breaking through the support level and initiating a new trend, it's a probable downtrend for today.
US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver...
For Thursday, the 72.41 - 72.84 area can contain selling through the balance of the week, above which the 77.56 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July. A daily settlement above 77.56 indicates the more significant 81.97 long-term resistance level within 1 - 2 more...