Elliott Wave Theory projects this wave to make it up to 75/76.32. Problem is that technicals don't immediately support that idea, and or in fact bearish right now. Will be resolved this week, imo. I'm flat and looking for long signals...
Crude Oil Chart Analysis 24/12/23 Long : 6000-6080 Sl : 5970 Closing Basis Target : 6290 / 6490 / 6680 Enjoy !
easy trade with CL! The price might spring support. My first thought is that support will hold and the price will bounce off it and rally. It might not hold. I will consider those options more in depth once the price visits the support zone. I might publish another idea updating it, but considering I have no cloud I will probably not.
CRUDEOIL trading in desceding channel. it should give channel breakout above 6280-6290 looking target 6500-6600+++ in very short term keeping on radar Crudeoil 6300 CE (Jan.)
I believe CL has finished its bounce and will begin moving back lower. This is an hourly chart.
Retirement setup using DR IDR on Crude Oil with DR confirmation to the upside and price retracing down to retirement levels.
Crude oil Chart Analysis 21/12/23 Long : 6080 Sl : 6000 Target : 6180 / 6225 / 6300 Enjoy !
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
By auction market theory low price zone attract new group of buyer high price zone attract new group of seller If you check volume profile this area is HVA (high value area) in this trading zone so this is just a bet with good RR this bet can be considered trend follow (down trend) hope that price will go back to POC (point of control)
Crude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good Sign Crude Making Shooting Star On Daily TL Not A Good Sign
As you can see, crude oil is in an upward trend and it seems that it will continue to rise but it is a trap that very few know today is the weekly inventory and according to my experience there is a high probability that crude oil is going to collapse to 71.00
Sell Jan crude at 70.36, looking for a small short covering rally and a good entry to join the downtrend. if filled, stop at 73.18
Broken 4 hr trend line Trend line retested Entry above 50% daily retracement Last chance
Broken 4hr trend line Entered above 50% daily retracement Generous stop loss Full take profit about 176 ticks Get in now !!
Crude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The...
USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They...
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Weekly Breakdown on Trendline once retest done can see major fall Resistance - 6000 Support - 5750