Crude Oil is trying to breakout short term here, after a bullish divergence between price and volume as marked with green arrows. We like it here, with a trailing stop. DYOR
This is a beautiful price action that has many confluences that support Selling Oil. Firstly, we have a clear head and shoulder pattern on H4 which indicates a sell is imminent. Secondly, we have a huge bearish engulfing candlestick on H4 that signals the bears are taking over. Last but not least, we have price in the golden zone 61.8 of the Fib - an area that is...
CL1! LIGHT CRUDE OIL FUTURES H4 : BULLISH CORRECTION SETUP
Its time to achieve some more uptrend targets. CL1! LIGHT CRUDE OIL FUTURES is looking for to achieve buys targets, in upcoming days.
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dear all plz chk the price of crude last December price trade in consolidate and trade attempt one breakout but failure but again entry buy with small stoploss because price breakout and price may be go to upper side but we maintain small stop loss.
Crude oil is at a long term support near 72 and may bounce from here. It may remain in up trend for 1-3 months. The weekly chart has been forming a wedge.
How to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish.
In simple words, the price movement is opposite to the stochRSI,
Price lower lows, stochRSI higher lows =...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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The fundamentals for oil to be over $100 USD per barrel are in place; oil inventory reports are getting lower, and what happened today between Israel and Iran could potentially push oil to $120 USD.
There is a bull flag with a breakout there!.
Our overview: Jitter due to the Red Sea tension persist. CoT released Friday "net long positions" report, showing an increasing long positions in futures and decreasing in options by the "non commercial". This could suggest that the market could be close to an upward movement of the price. Waiting for market mover data and news. Trends analysis:...
