Oil Short Bearish Seasonality Dealing Range is set H4 Daily fair value gap to fill internal liquidity The C.E. Of the daily FVG with a SL above the OB and Targeting liquidity. Shortby takeprofitpete1
Crude Oil Futures ~ November TA V2 (4H Intraday)NYMEX:CL1! chart mapping/analysis. Note: TradingView chart B-ADJ adjusted for contract changes. What's on the chart: Converging parallel channels (light blue) aka diamond box pattern, framing price action into a pennant formation on higher timeframe. Descending parallel channel (white) emphasizing current downward trend since late September peak. Fibonnaci levels highlight key support/resistance zones. Short-medium term outlook: Sharp reversal (short-squeeze?) from over-selling after breaking out lower range of parallel channel (white). Bullish reversal = rally back above 50% Fib. Bearish continuation = further selling below previous low towards 78.6% Fib / lower range of parallel channel (light blue) confluence zone. Watch for commodity trading trend/sentiment in either direction - leading into upcoming OPEC+ decision re: 2024 supply cuts, TBC.by BlueHatInvestor0
WTI Crude oil front expirationOverview: With the yesterday's sell off, the stochastic in oversold territory and in divergence as well as the RSI, we consider closed the corrective structure(ABC) on daily time frame. A technical rebound is likely, to bring the market in a trading range area between $74 and $80. Only a breakout of yesterday's low ($72.40) will change the daily's structure from a corrective ABC to a bearish impulsive 5 waves. Our strategy: Our current position' delta: +0.43 Bullish first target: $75.00 Bullish second target: $76.50 Mandatory rebalancing level / Stop loss: on breakout of $73.00 Bearish first target: $70.00/$69.80 Bearish second target: $67.00 See you all next update!Longby DeltaZeroFinanceUpdated 0
MCL LONG We could see how I was able to take a long on MCL to take a profit of 1:75 risk-reward and take a profit to close the week. We will be posting more ideas next week.Long10:26by ecastillo24921
Russell follow up Oil long11.17.23 This video is a follow-up on the Russell which hit a target and you would have made a thousand bucks or so. It was a high probability trade to go lower which is good if you are shorting... but it had a low reward... which translates into not the greatest of risk reward trades. Life is much easier for a trader.....If she can Pull out a couple of high reward trades. If you think you have a high probability trade regarding the direction the markets likely to move but your concern is that the market's going to run into buyers and you're a seller... you can make money but you have to work harder. Russell hit the target but if you hadn't taken profits you would have given it all back in a very short period of time. On the other hand yesterday would have been a great short trade in oil with a high probability that it would go lower and a reward that almost definitely was going to be above $2,000.... it is an entirely different experience to trade setups like the Russell then taking trades in oil. The probability is that oil will go higher because it is at support and that it will trade two to three points higher and maybe more to give you a very good reward.19:32by ScottBogatin5
CRUDE OILPreferably 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... ;) Longby sepehrqanbari3
[MCX] Crude Oil Swing Buy BetNote - 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 can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======Longby Amit_Ghosh1
WTI bears eye a move down to $80Last week's swing trade to $90 worked out well, yet momentum ha since shifted lower. I noted in the recent COT report that managed funds and large speculators have been trimming long exposure in recent weeks, and that managed funds increased short exposure last week despite the slew of negative headlines surrounding the Middle East conflict. This also coincided with the two small bullish weekly candles, which appeared to be corrective on the weekly chart - and therfore suggests lower prices. A lower high has formed below $90 and momentum turned lower. As support has been found around the Jan/April highs, we suspect a bounce is due. And this could allow bears to fade into favourable prices below $87 - $87.50 on the assumption a breakdown is pending ahead of its move to $80. Should this be part of a larger decline, note that $75 and $70 are near the 100% and 138.2% Fibonacci projection levels on the daily chart. Shortby CityIndexUpdated 9
Crude Oil Future Prediction - 17.11.2023 - Trading Marcos LevelsCrude Oil MCX Future - November Intraday Trend Analysis for 17.11.2023 Buy at 6233.6 with Target 1 - 6259.6 and Target 2 - 6404, ' Add additional position at 6189 Sell at 6144.4 with Target 1 - 5792.4 and Target 2 5648 Stoploss: Buy Position SL: 6190 Sale Position SL: 6240 This Crude Oil MCX Future analysis is for educational purposes and one should attempt a paper trade on the below mentioned levels for an Intraday Range - 378 Points on 17.11.2023 by NumroTrader3
WTI Crude oil front expirationOverview: with today's fall in price, having reached $73.80 support area, and with a divergence on RSI, we consider close the corrective structure ABC on the daily time frame. Strategy: Moderate bullish position's delta , Our current position's delta: +0.30 Bullish first target: $75.00/$75.30 Bullish second target: $76.00 Mandatory rebalancing level / Stop loss: on breakout of the daily's low Bearish first target: $73.00 Bearish second target: $72.20Longby DeltaZeroFinanceUpdated 0
Sell Dec. crude at 76.90 limitSell Dec. crude at 76.90 limit. It is a pending order for now. Trade confirmedShortby Cannon-TradingUpdated 3
WHY CRUDE OIL FALLING TODAY?Crude oil, particularly Brent futures, experienced a nearly 4% decline to $78 per barrel, the lowest since July. This drop resulted from indications of reduced demand and alleviated supply concerns. Factors include China's decreased refinery throughput and a US decline in fuel supply.by Shalvisharma52
WTI Crude oil front expirationOverview: Stochastic in oversold area suggest that a technical rebound is possible. Our current position's delta: +0.20 First target: $77.40/$77.50 Second target: $78 Stop loss/mandatory level of rebalancing: on breakout $76.30 First target: $75.50/$75.30 Second target: $74.90Longby DeltaZeroFinanceUpdated 0
CRUDE OILPreferably 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... ;)Longby sepehrqanbari225
CRUDEOIL BREAKOUT #CRUDEOIL Breakout Expectation: Anticipating a breakout soon. Buying is recommended, but specifically above the price of 6390.Longby Shalvisharma53
Buy Signal on Crude Oil FuturesHello, We have a buy Signal on Crude oil in Real Time, for a target of 77,4 $ in few hours, for more details check the chart or you Can send me message,Longby Abdessamadibrouri331
WTI Crude oil - front expirationOur current position's delta: -0.30 Overview: RSI entering in negative territory below 45, confirm that wave 5 is started. Target on $77.50 level has been reached in the overnight session, where we did the first rebalance of our position's delta(from -0.45 to +0.05). Other rebalance on the top of the channel(from +0.18 to -0.08) Current position's delta: -0.15 First target: $77 Second target: $76.50/$76.30 Stop loss/mandatory level of rebalancing: hourly previous bar's highShortby DeltaZeroFinanceUpdated 2
CL1 - Trendline Analysis and 1:1 GW Target Hit 🧐The 1:1 extension Golden Window target caught the low and that was another simple trade setup having topped out without complexity at the 0.618 bounce retracement. Notice that the two significant trendlines are the Shakeout and Extremity Demand Trendlines, similar in a very different context to what we looked at with Bitcoin in yesterday's video. The top was a tiered Shakeout Reversal Pattern through the Shakeout Demand Line and now the small bounce has found resistance with a small Shooting Star candle through the Extremity Demand Line. Notice on the weekly chart how the Shakeout Demand Line captures the Shooting Star topping candle and now we'll see if the Extremity Demand Line becomes a significant resistance point 🧐. by dRends358
CRUDE OILPreferably 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... ;)Longby sepehrqanbari3
Crude has created 15 mins H&S Tgt 6340Crude has created 15 mins H&S Tgt 6340 Crudeoil has created intraday 15 mins TF H&S pattern which is already broken down if sustains here we may see 6340 levels today Shortby ProTradersInstitute6631
WTI Crude oil -front expirationOur current position's delta: -0.20 Overview: positive data on inflation spurred a new upward swing, moving the closing of wave 4. An RSI divergency suggest tha could be the beginning of wave5 First target: $77.50 Second target: $77 Stoploss/Rebalancing level: daily's high See you all next update.Shortby DeltaZeroFinanceUpdated 4
CL1: Buy ideaOn CL1 we have a buy idea because as you see on the chart we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.Thanks!Longby PAZINI191