I used the built in Auto Fib Retracement and Auto Fib Extension tools by TradingView to plan my TP and entry according to the direction of the placement of the fibonacci. This simple strategy is good for quick scalping in most securities and commodities. This is my first time posting video idea of live trading. Let me know what strategy you use in the comment....
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... ;)
Overview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API...
Rudyard Kipling wrote in his famous poem, “If you can keep your head when others are losing theirs and blaming it on you, then you’ll be a man, my son.” Shocks from OPEC decisions can leave even the experts on the edge of their seats.
Short-dated options on crude oil are tailor made to address and manage such idiosyncratic risks helping each trader become a man...
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... ;)
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... ;)
On 4 hour time frame it is seen that trend is broken on short time frame (Black Color) trendline
Target till major trendline (green colour) is coming to around 6800
Expected Oil price to reverse from there
This chart is only for educational purpose
Do your on study before taking any trades
Oil is currently consolidating at the 0.618 retracement from the recent run up. RSI also bouncing at the uptrend. Good risk/reward on the long side here with a stop around ~$72 imo.
WTI crude oil price show sideway triangle correction after sharply down finish move from zigzag correction I waiting for OPEC report that soon gonna change WTI crude oil price back into up trend move
Our overview: Strong GDP in US, and hope on the OPEC+ meeting, offset the build in crude stockpile. A bigger then expected production cut would push for a Christmas rally. Today is mandatory stay neutral at least till is gonna be clear the OPEC+ policy.
Technical signals: RSI and Stochastic positive.
Trends analysis: We maintain an overall positive overview with...
CRUDE OIL IN A STRONG BEAR TREND AS CONTINUES IN DOWNTREND CAN GO FURTHER DOWN SUBJECTED TO DEMAND AND SUPPLY WAIT FOR CONFIRMATION i.e a stong bear candle in 15 min its my analysis do yours dont trade
CrudeOil again moving in range in hourly chart after a fall .
Time based calculation and support resistance shows the path as shown hope to reach target on time. and if triangle forms can give breakout after a retest.
With oil prices having fallen around -25% from the September high, a correction higher may be due.
And as prices failed to hold beneath $70, Wednesday's bullish hammer (which is also a higher low) has caught out eye). The hammer was coupled with above-average volume to suggest demand around $75, and the initial break below $70 was seen on strong negative delta...
Hello everyone,
We have identified a promising signal with a high probability and favorable risk-reward ratio on the Crude Oil futures 1-Hour chart.
The target is set at $73.5 for a short-term investment (few hours).
Ibrouri Abdessamad
