Crude-oil futures have been climbing all year, and some traders may see further upside.
The first pattern on today’s chart is the March 6 high of 80.67. CL1! Bounced there two weeks later, potentially turning old resistance into new support. That’s could be a bullish signal.
Prices then rallied to a new six-month high near 88 before pulling back. They bottomed...
Today On the Daily I am in confliction with bias meaning that it could be changing soon if we repeat another bullish closing day.
For this I have dropped down onto the 4hr TF and the most recent 4hr -ob is what I will be referencing as to Bullish or Bearish intra day PA.
Scalpers Market atm
If you un sure, sit still.
We did close above the Daily v.i as I have...
Introduction
Credit spreads are a sophisticated options strategy involving the simultaneous purchase and sale of options of the same class and expiration, but at different strike prices. This approach is particularly effective in scenarios where the trader seeks to capitalize on premium decay while maintaining controlled risk exposure. Commonly used in volatile...
81.81-82.30 can play pivotal role for the next movement, if trade above, then 85.25 could be its target zone and if trade below, then oil can reach 78.81
Which market is a better hedge when a geopolitical conflict started. I know many will say that it must be crude oil. Over the past 2 major conflicts, we could see that crude oil did not gain any momentum, in fact it came off.
So which markets have reacted positively to all these tensions so far, and will continue to remain this way with future tensions?
My...
Crude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the...
Pair : Crude Oil
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
S / R Level
Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone.
A small doji also firmed around these levels to suggest a swing high has formed, or very near.
A...
This week I have a eye on 80.50 for price to reach.
We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i
The Daily V.i is important to reference as Monday we can trade higher into this.
So as in my previous forecast we have now closed daily bellow the Weekly FVG
My next target will be 80.50 by end of week.
Thats it for this week.... :)
