If the buyers are panicking, we will see a sizable gap up and continuation. Possible target to be seen this week: $91 to $92.65. Not advice, just some parameters.
In this video, I will delve into what to expect in the futures market for the upcoming week. I'll be covering the E-mini S&P, Nasdaq, Russell 2000, Gold, and Crude Oil. Here, you'll get an understanding of the market environment, key levels to watch, and essential indicators to help make informed trading decisions. The indicators used include Bollinger Bands...
-My previous idea failed although im still looking to take a long targetting that buyside liquidity.
- i want to see sellside purged and then a MSS on a 5min or sub and taget buyside
CL1! (Crude Oil) is forming a large head and shoulders pattern on 1hour chart. It is current retesting a previous support and holding at a demand area. A clean break below demand, below 84.85 would signal a price continuation down. For now, Jeanius is giving two buy signals which could be the beginning of another deep retracement upward. If we could get a strong...
Crude oil looks good for swing trade on Weekly timeframe. Wait for confirmation on daily candle. Chart is self explanatory.
Target and SL as per ur risk management.
This is not an investment tip, Just for educational purposes, Kindly do ur own analysis and trade accordingly.
Crude Oil (May)
Yesterday’s close: Settled at 86.21, up 0.98
Crude Oil futures slipped early yesterday due to the broader risk-off sentiment and saw further selling on larger builds within the weekly EIA inventory data. However, price action held major three-star support (newly adjusted to 84.55-84.69 and 84.90-85.10) before geopolitical premium brought a fresh...
There is something insightable happening with WTI oil.
90 strike and trade volume are attracting attention.
Check out Monday's trading data below. But to properly interpret it, we need to look at the data in the context of how the price of the asset has moved.
Comparing when the highest option trading activity was at the 90 strike and how the asset moved, the...
Market positioning data from the COT report shows that asset managers and large speculators are piling into longs, yet shorts remain subdued. The price on the 4-hour chart also shows an established uptrend within a bullish channel.
Prices have not yet completed a 3-wave retracement against the trend, hence the bias for a slightly deeper pullback before its trend...
As gold and energies prices going up dips opportunities are good trades, entry is current market price, positions could added at the break of the counter trendline
Crude Oil (May)
Yesterday’s close: Settled at 86.43, down 0.48
On Friday, geopolitical premium helped the nearby month in Crude Oil futures traded to the highest level since October 23rd, and the May contract hit the highest since June 2022. Price action gapped lower from the 86.91 settlement on the open Sunday night, but strength into the onset of U.S. hours...
NYMEX:CL1!
There may be people who have more talent than you. But there's no excuse for anyone to work harder than you. -Derek Jeter
Last week we tried to catch this move however our stops were hit due to sellers not being ready just yet to commit and Buyers came in to Mitigate the HTF Daily Supply Zone causing us to be stopped out... All good we rii back at...
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... ;)
Oil Chart Idea - 3-27-2024
Bearish for next few days/week
IMO, It should retest the 0.382 (81.44 to 81.62) region and then goes back down to get liquidity from golden pocket (79.97 to 79.68).
Oil Chart Idea - 3-28-2024
Bullish for next few days / week as
it has made a cup n handle pattern in 4hr TF
and most likely close the candle above 82.35
TP should be close to 84.40
