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...
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... ;)
Weekly Breakdown on Trendline once retest done can see major fall Resistance - 6000 Support - 5750
CL1! is setting up nicely on the weekly time frame continunity with a hammer in place to indicate a possible reversal over the coming few weeks. RSI is sitting at 38.41 and MACD is falling. Let's watch to see when the MACD closes to show support of a continuation. The Slow Stochoctics indicator is beginning to cross to indicate a change. If nothing else we are...
In Elliott Wave Theory speak, this can be a C wave towards the 200% fib. Needs to hold the gray box early this week and start hitting targets, if the bulls continue to be in charge.
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... ;)
Lets try to take short at 72.30 with risk at 73.00 Target profit 67.30
Crude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are...
Personal operation suggestion: Sell at 70.20. Stop profit 68, stop loss 71 Other strategies private message background