Oil has become very bearish since $94 and to remind; that was just beyond the 1:0.618 Golden Window and long term trendline which was our topping target (see linked idea). We had also considered that it may get up to the blue long term retracement Golden Window @ $96, but the 1:0.618 that was just shy of that price area captured the top. There may be some...
In early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target. CL WTI Crude Oil - Getting In Sync With The Market Makers In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars. Oil - A New...
I don't think WTI oil price become down trend in war situation on 4H chart price is on demand zone AB=CD bullish pattern is used in this trading entry Maybe this is another loss because I don't wait for reversal candle to confirm If price cannot stand in this area it will change of character to be down trend but I think in this kind of situation WTI not likely...
TRADE DIRECTION: SHORT; as indicated by the 4H-EMA 50 (yellow line) and the market structure. KEY LEVEL: Round numbers S&R with 50 ticks range between each level. TRIGGER SIGNAL: Doji and bearish pin bar (red arrows) with price failed to close above 79.50. RR: 1:1 SL: 100 Ticks TP: 100 Ticks (achieved)
After reaching its recent height of $95 a barrel later in September. Crude oil has been on a downtrend since and is currently just below $80 a barrel. There are a lot of factors weighing on Crude oil such as weak Global demand, inflation, and tensions in the Middle East. My Self as well as other institutional traders have not changed our price target for Crude oil...
11.6.23 Oil oil had a chance for a small profitable Scalp.... but I don't think it's a great trade for reasons that are discussed in the video. Some trades are just better than others. Generally trades with volatility are much better than contracted markets that have no volatility or minimal volatility. It's really easy to burn out scalping markets... as you're...
The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart. TRADE DIRECTION: Long KEY LEVEL: 81.00 TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported...
WTI Oil is going down to test 78.23$ level. We will wait to reach target then take another look. Follow to get next signal.
OIL is testing this key trendline right now, and I'm watching to see if it rejects or breaks higher. I'm leaning towards breaking higher with a the psychological $100 number as my target.
We saw an opportunity comparing it with the volume to be able to make a profit and leave the market positively.
Resistance: 6900, 7080 Support: 6750 Moving towards support 6750 BMI suggests that prices are fluctuating due to the conflict-related supply risks and concerns about a slowing global economy impacting demand. There's ongoing worry that Iranian oil output could face sanctions, potentially reducing supply in an already tight market.
This week our eyes fall on the crude oil market. From our previous article, Cracking the Crack Spread , we know that crude oil and gasoline hold a special relationship. Since gasoline is extracted from crude oil, the spread between the two futures should not diverge too much. Yet, in the past few weeks, we have observed a deviation in their prices with the...
Crude Oil Forming Flag and Pole Pattern 15Mins TF, If Crude oil Breaks and sustain the level of 6910 then possibly we can see 6951 and 7042 Levels..
My first is all day We will continue observing to see if we find another opportunity and thus take advantage and make a profit in case we take another Stop we will think to see if we will have a third opportunity.
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... ;)
Crude Oil Box Breakout, Crude oil is heading to 6851 Levels, sustaining above this Crude Oil Might Touch 6871 & 6927 Levels..
Resistance: 6807, 6900, 7080 Support: 6750 CRUDE cost remains uncertain and depends on a variety of factors. 👉In the context provided, factors such as technical influences, Federal Reserve decisions, geopolitical tensions, and demand uncertainties all play a role. In short, we are waiting for one positive news that could lead to a hike in the price.
After two stops, we decided to take a third short entry so that I could take a profit and be left with a profit of 1.8% of the account value. This week has not started the way we like, but let's go.