For Friday, 76.98 - 77.19 can contain buying through next week, below which 66.71 long-term support remains a 2 - 3 week objective. Downside Friday, 71.75 can contain selling into early next week, once tested 76.98 - 77.19 attainable within 3-5 days. On the other hand, closing today below 71.75 indicates the targeted 66.71 within 1 - 2 weeks, where the market...
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;)
this lined up with a daily level, failed auction and confirmed the bearish harmonic. if theres no support to be found here i will hold my shorts for lower
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;)
Today's trading analysis showing a bullish bull flag for the CL1. Rsi shows that price can check previous resitance level and then bounce back for longs.
We have adjusted our priority scenario in CL. Downward acceleration in wave 3 looks most likely and could bring oil prices to $62.92. If the price of oil rises to $81.72 we’ll change our view. In support of our opinion, we also want to note: 1. Strong winds and mild temperatures will certainly reduce energy demand. 2. Bubbles burst in the financial markets. One...
For Thursday, 77.11 - 77.32 can contain buying through next week, below which 66.71 long-term support remains a 2 - 3 week objective. Downside Thursday, 71.67 can contain selling through the balance of the week, once tested 77.11 - 77.32 attainable within 3 - 5 days. On the other hand, closing today below 71.67 indicates the targeted 66.71 by the end of next...
... for a .42 credit. Comments: An additive short delta adjustment here, selling a call against my March short put. I'm not getting paid much, but get this buying power free and can always roll it down to bring in more credit. Total credits collected: 4.53.
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior 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... ;)
Broke to the downside of its bear flag pattern having completed a Fibonacci retracement to the golden zone. Cl_f is also descending having done a correction pattern. A measured move brings it down to previous support around 163.
For Wednesday, 76.89 - 77.03 can contain selling through next week, above which 88.52 remains a 3 - 5 week objective. Upside Wednesday, 80.26 can contain session strength, while closing today above 80.26 indicates 84.16 within several days, where the market can top out into later next week. A daily settlement above 84.16 would signal the targeted 88.52 - 88.80...
WTI suffered its worst day in 30 yesterday, with a combination of a stronger US dollar, recession concerns and weaker natural gas prices all playing their part for a bearish session. A bearish outside day formed which markets a double top around $81.20, daily volume was above average (and its highest in 14 days) which adds weigh to the bearish reversal candle....
#OIL looks WEAK 2day We've limited positions, TINY Still huge head & shoulder pattern These trades are best for LONGER term frames Too much that can happen $MPC $PSX $XOM $CVX #MLP #CrudeOil
1. 3. 23 this is Bobby's third homework assignment for today, and it is the second video for OIL. Thank God it's only 7 minutes.
1. 3. 23 Is this video it's about OIL.Just like the previous video on the dxy, I have framed the market, and I know Tate where the buyers so far, and then I use the extensions to help me manage reversals in the market. Just like the other video, the ability to read the market and put credible analysis to help you make trade decisions, I emphasize the techniques...
Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 76.70, which will be followed by reaching resistance level 83. Downtrend scenario An downtrend will start or from resistance 83, or as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 72 – 70.
Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 76.70, which will be followed by reaching resistance level 83. Downtrend scenario An downtrend will start as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 73.40.
I noticed Crude futures finished the month with a doji. There were only 3x this happened since charting began; Feb 2016, April 2020, and Dec 2022. Using the date and price range indicator after the Feb 2016 doji print and applying it to the Dec doji, I have an April 2023 price estimate of 96.03. As my previous posts indicate my price target is $88 but lets see if...