Quick after market analysis for possible overnight trade First trade Is a possible short at the newly formed resistance and I would have my Sl back up again the trend line downward So entry would be 78.8 Sl would be 79.1 Tp would be 78.3 Here we could counting that when price reach the previous resistance it would have little to no volume to support more upward...
Equal Lows are the DOL and we are going from IRL > ERL
Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting down to the 200-day moving average at $77.94. The technical perspective shows momentum studies declining into oversold territories, with the 9-day moving average trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average...
Wait for the oscillators to turn bullish on 1H for $NYMEX:CL1!. We are looking at a possible long here.
NYMEX:CL1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Last week Sellers were successful in pushing the price per barrel of OIL underneath Major Key Level ($80.00)... Now the reason I believe we are preparing for OIL to go LONG is due to price nearing a Major Unmitigated Daily Demand Zone and approaching a...
there could be a bounce of 1%(79.77 tp) from 78.87 sup zone
NYMEX:CL1! continues to look bullish today. There might be a small pull back before the price resumes it journey towards 80. The plan is to wait for price action to confirm the direction clearly and look for buying opportunities around 78.70 area. Alternatively if there is no pullback in the morning session, wait for the price to break R1 or the 200 MA before...
The bearish trend is still dominant and we have had a clear downward trend. There has been some consolidation since last Friday and a bounce may be due soon. Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session. Considering $79.50 as the profit target, with a stop-loss at $77.50. NYMEX:CL1!
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting to the 200-day moving average at $77.55. The technical perspective shows momentum studies recovering from oversold territories, while the 9-day moving average is trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average...
So this is the forecast for Crude pre 1030est news. I'm favouring some BSL to be taken if the 1hr FVG gets disrespected. With 1hr fvg above and the BSL that is pointed out with the arrows. If we show rejection from the 1hfvg we are currently near then PDL will be the target. With news there is no certainty. Overall I am HTF bearish however a sweep on BSL could...
Buy oil stocks as described in the analysis provided and follow the steps specified in Stop Loss and Take Profit
Crude Oil (July) Yesterday’s close: Settled 79.30, down 0.28 WTI Crude Oil futures started the week unenthusiastically with a failure at the psychological $80 mark that aligns with a key .382 retracement and fell short of pinging the 50-day moving average. OPEC+ instability was downplayed after the death of the Iranian President on Sunday, while prices have been...
Looks like a BUY to me Wycoff pattern generally quite reliable I'd say 80% Just had quite a big pull back
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
Over view As per my previous weekly analysis, Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Any small bounce from this level would be great bullish...
Maduro will lose the venezuelan election and liberate lots of supply to the market. USA will ease Venezuela sanctions.