CL daily chart is starting to show a squeeze potential for large moves upward
My bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved. However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays. I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.
NYMEX:CL1! I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon... Here is my reasoning why...!! Rock w/ me! 1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break...
CL had a nice spike that returned it to its long trend. I see this continuing overnight and will use the new fib to find good targets and stops to place overnight trades.
The 15-minute chart for Light Crude Oil Futures showcases a striking Elliott Wave progression. The upward impulse is evident with waves (1) through (5), signifying a bullish phase within the market. Now that the peak of wave (5) has been established, it signals a pivot towards a corrective phase. The A-B-C pattern, characteristic of such a phase, is set to...
Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we...
support from two fibs and higher lows begin to show a trend reversal back to the daily trend
After the break of resistance 80; crude oil is heading towards 88
Crude oil appears to be heading towards the PWH. I would like to see the H4 chart pullback and respect discount bullish arrays to then hunt a m15 bullish displacement to get long.
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... ;)
CL is hitting new daily lows. Looking for it to get close to a large S/R on the daily and then move back up to the previous low
On the weekly chart we can see a head and shoulder forming in crudeoil. Will it go below 6000, I am not sure. But for the time being technically there is a visible top at 6694 and one can bet on the short side with the top as stop loss. If the stop loss is hit take it easy and one can go short around 6750 with tight stop loss. 6400 PE with 15 March expiry can...
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... ;)
My weekly bias is for price to trade up to previous weeks highs, but Mondays price action has me leaning towards a pullback before we trade up mid/late week. Today's candle was quite bearish, so I am looking for price to trade down to Monday's lows, and possibly trade into the untapped lows from several daily candles formed last week. I want to see price trade...
After we get a little uptrend towards our Sell Limit price we expect a great downtrend opportunity at the Sell price.
**CrudeOil:** The price rised to the zone between 80.83 and 81.86 last week. The price is expected to rise until the top of the channel, 82.00 / 82.30 zone before a new retracement.
On crude oil, it's nice to see a strong buying reaction at the price of 78.5. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The weekly point of...
Crude Oil (WTI) Futures CL Priority way on 04.03 - Long These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.