Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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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... ;)
WTI oil is going to test 84.5$ level while Dollar is going green, probably it’s will go down more than this level.
we will wait to see price move after test the level.
Wish you best trades
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... ;)
A very important Crude Oil top may have been made on 09/28/23.
These are the factors.
1) Completed Elliott wave - Inverse Expanding Flat.
2) Bearish divergences on RSI and MACD.
3) Peak on 09/28/23 hit rising trendline.
4) Top one day before Full Moon on 09/29/23.
5) Bearish seasonal patterns until late December
There’s potential for Crude Oil to drop to the low...
NYMEX:CLX2023
NEAR TERM :: NEUTRAL / SLIGHTLY BEARISH
VOLUME STRUCTURE - CLX23
So far, for the year of 2023, 70% of the trading volume for the November contract has occurred between $95 & $89, with the highest volume around $91, which is the price of neutrality and market balance.
PRICE ACTION - CLX23
WTI strongly rejected prices above $92, and sold...
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... ;)
The same information that signaled that we were ready for an opportunity in energy is giving a warning that we may be near a local top.
If you've been in the current oil/energy trade since the breakout this summer, you're doing well. Our largest risk to this opportunity is that it is driven by political restrictions to supply and that these decisions can change...
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... ;)
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... ;)
I observe a potential false decline in Light Crude Oil (CL). It may be prudent to consider entering a long position around the $90 area, anticipating a reversal. A possible exit strategy to lock in profits could be implemented in the vicinity of the $100 area."
Make sure to conduct your own research and adapt your strategy to the current market conditions and...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Whilst we retain our view that oil prices could be headed for $100 further out, the trend seems to have hit a speed bump over the near-term.
WTI broke above $90 with ease yet faltered around $95 with a shooting car candle with high volume (which makes it a potential key reversal day). A bearish divergence has also formed with the RSI (2) after it reached...
