Looking at the H4 chart, my overall bias for CL1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 81.30, where the 38.2% Fibonacci line is. Stop loss will be at 84.14, slightly above where the 50% Fibonacci line is. Take profit will be at 76.93, where the 20% Fibonacci line and...
12. 4. 22 OIL This would have been a great opening price trade for Oil on a Sunday night. One thing you want to consider is the difference on how this Market was set up for an opening price trade vs The trade I showed you last week, and how that trade fizzled. Today was a much better setup for an opening price where the market corrected to a support. And then...
Following price cap on Russian oil, Opec+ is likely to cut oil supply for the second time.
Technically, CL has broken above the downtrend resistance and now in a correction wave.
Getting filled at $77 will give us the ideal RRR in this trade.
For Monday, 83.20 can contain buying into later week, below which 76.50 midterm support is likely again over that time horizon.
Downside Monday, 79.62 can contain intraday weakness, while breaking/opening below 79.62 allows 76.50 intraday, where the market can place a weekly low, possibly into later December.
Holding above 76.50 allows 91.16-92.56 by the end...
Hello ladies and gentlemen, according to my chart analysis of T-BOND FUTURES (CL), there is a high probability of a drop towards the 77 level, and we will see this level again with a high probability.
... for a 1.70 credit.
Comments: Taking a small, far out-of-the-money trade on weakness here, targeting the strike paying around 10% of buying power effect in credit. 1.70 credit on BPE of 16.32; 10.4% ROC at max; 5.2% ROC at 50% max as a function of buying power effect.
For Friday, 83.11 can contain buying into later next week, below which 76.48 midterm support is likely again over that time horizon.
Downside Friday, 79.44 can contain intraday weakness, while breaking/opening below 79.44 allows 76.48 intraday, where the market can bottom out through next week.
Holding above 76.48 allows 92.46 by the end of December, while...
Crude Oil chart seems to determine that commodities traders have bought at support, although the trendline it's still below the IKH Cloud. The trend reversal at support could see Crude Oil price going back up to the point of control $72 dollars
12. 1. 22 Bobby's homework assignment looking at an oil chart and evaluating the overlap, and the corrections of a press pattern... and then incorporating Fibonacci extensions. It will be worth the time to duplicate this exercise or your own Charts.
For Thursday, 76.48 can contain weekly selling pressures, above which 83.03 is likely within the week, possibly allowing 92.46 longer-term resistance by the end of December.
Upside Thursday, 83.03 can contain buying through the balance of the week, while a daily settlement above 83.03 indicates 92.46 within 2-3 weeks, where the market can top out through winter...
This is a crude oil series I'm doing as of late.
In this video, I go over the daily cycles, Elliott wave, and some statistics for the month of November.
I will start my December analysis to see if there is any edge to it.
Let me know your thoughts on what you see playing out in November for crude oil.
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... ;)
11.30.22 OIL scalp follow-up This is a quick review of the scalp trade from last night which lost money. We evaluated the good and bad so we went back and look at the basics.
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... ;)
11.29.22 OIL Paper Scalp I thought I would try hosting make believe scallops using characteristics of the market as I perceive them with very small stops and sometimes very small Targets. These aren't necessarily going to be the best trades, as much as finding an entry, with a very small Stop, and hopefully, identifying the next direction of the market. ...
For Wednesday, 76.48 can contain weekly selling pressures, above which 82.95 is likely within the week, possibly allowing 92.46 longer-term resistance by the end of December.
Upside Wednesday, 80.46 can contain intraday strength, beyond which 82.95 is likely intraday and able to contain buying through the balance of the week.
A daily settlement above 82.95...
