CL1!1Y RSI is topping. MFI is trending up. This might have a little more upward movement. 5Y RSI is at 50 at a midway point. Looks bearish. MFI is trending down. ALL RSI is falling. MFI is falling. Prediction: this will fall soon. For my educational purpose, not to be used as financial advice.Shortby Kyo026Updated 880
Crude Oil Slows Down For A New CorrectionCrude oil faced strong drop and spike back in May, which can be also considered as the final leg of wave (5) of A, so we are aware of a higher degree A-B-C recovery after strong reversal up from the lows. After a completed wave A and expanding triangle in wave B, which is tricky, but still a bullish pattern that already sent prices higher, ideally within a five-wave bullish impulse into wave C. Now that came back to projected April highs for wave 5 of (3), we can see a new, higher degree A-B-C correction within wave (4) that can retest 77-75 support area before the uptrend for wave (5) resumes.by ew-forecast115
Crude Oil Technical Outlook #DailyOil has been on a blissful rise to the upside since midyear June 2023. Prices skyrocket from $69 a barrel to highs of 82 Dollars a barrel. Currently, The price of Crude oil is $79 and the price of Brent is 83 dollars. We can see that the market trend has changed and the uptrend has now turned bearish. In this article, we will be looking at purely the technical elements on the daily chart, affecting the market to get a comprehensive understanding of the market direction. Firstly we see that the Crude Oil prices hit a level of resistance of around 82 Dollars a barrel when we look left at past data, we can see that this price level has been tested multiple times so we know that this is a strong psychological demand level. Here are key indicators to indicate that the market might be heading for a retracement: 1)Resistance Level-We can see that this is a valid resistance level because the price has been rejected at around this price more than 3 times. 2)Bearish divergences-The market making higher highs but the stochastic oscillator is making even highs (See blue lines) 3)Bearish Bat/Gartley Pattern- There is a 5 points bearish pattern that is completed. indicated in blue. This W pattern can be considered as a Gartley or a Bat pattern, either way, it is a bearish indication. 5)Bearish Harami- On TUE 01 Aug after the market closed with a green body, The market had a small gap to the downside, then formed a small red body candle. This tells us the market is pregnant and down movement is approaching. 5)Engulfing Pattern- After the Bearish Harami. the market gapped to the upside before forming a big red candle that engulfed the small red candlestick. What to expect? The overall outlook on oil is for the price to keep its way up and this down movement is a temporary retracement from the up movement it has been on. We need to look at key levels where the market can find support. These are levels to take profits or look for possible entries to the upside. The first level $75 is a strong psychological level because of the Number of rejects at that price, It is the start of the window or gap that appears in the past and also It is the 50% retracement of the Cd leg. The next level would be $72 because it is the 6.18 retracement for leg CD. If the rejection is found here, we could be looking at a possible AB=CD Pattern to the upside. The last price to take profit on the sell position would be at $66 which is 100% retracement of the line CD The market is in a big range moving up and down with bands at the top and the bottom. Right now the market is at the top part of the band and is facing rejection. Keep in mind that nothing in the market is certain and you should trade with caution and risk management strategy.Shortby Voice_of_the_Cryptos2
Key Levels and US Market Review for the Asian session open 3/08US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an extended share market, we could see this move down gather some momentum especially if US employment does not come out positive on Friday. Expecting a weak open in Asia with the ASX200 to open down 60 pts, the Nikkei to open down over 300 pts and Hang Seng to open down 130 pts. Traders will be keeping an eye on coming employment data in the US Friday and whether the negative sentiment over the US credit downgrade gathers momentum. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper ** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated. **19:47by TradeTheStructure3
WTI Light Sweet Crude Oil, 8/3/23For Thursday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.57 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement tomorrow at or above 82.42 (1% above 81.61) would set off a buy signal into later year, 87.27 then expected within 3 - 5 weeks, 103.33 within 3 - 5 months. Downside Thursday, 78.56 can contain intraday weakness, while breaking/opening below 78.56 indicates 76.57 - 77.37 intraday, able to contain weekly selling pressures and the point to settle below for then indicating 70.40 over the next 2 - 3 weeks.by SpecialeAnalysis0
Technical and digital analysisWe notice that there is a divergence and an increase in the selling momentum, and that we are in a correction for the upsideShortby faridsalim3080
trade setups in crude oil - todayi am explaining all trade setups that our indicator has shown.. this is for learning only.. this indicator was developed and being used by me.. this indicator works well in all indices , stocks , and even in COMMODITIES...ESP..CRUDE AND GOLD.. THIS ALSO WORKS IN OTHER MAJOR WORLD INDICES.. there is a lot of things to learn before actually using the indicator for successful trades.. thanks for watching.. give a like if u like the video/ kindly mute the audio while watching to avoid distraction .. 09:06by shiit_tv_teame0
learn to trade...in this video i will show u how to recover the loss once it gets hit .. this is for education purpose only.. watch and learn thanks for watching. give a like if u like..04:45by shiit_tv_teame0
learn to trade with indicatorsthis is a trade using my own indicator,, the price was exactly like a trade setup.. but we were not supposed to trade... and this video explains the same .. kindly mute.. while watching.. thanks for watching.. i will create a video on banknifty after this..04:05by shiit_tv_teame0
Technical and digital analysisWe notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy, and there is a divergence Longby faridsalim3080
Short _ Sell opportunityOil can drop to 78-79 level from here. make sure to put SL around 83.Shortby ali187113
#CRUDEOIL - At strong resistanceCrude oil at strong resistance Wait for daily candle close above resistance to take long trade Crude give a false break out on 12-Apr & fall by nearly 20% Please follow risk management & position sizingby vishnumohany2k3
WTI Light Sweet Crude Oil, 8/2/23For Wednesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.48 is likely within 1 - 2 weeks, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.44 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy signal into later year, 87.27 then expected within 3 - 5 weeks, 103.33 within 3 - 5 months. Downside Wednesday, closing below 80.53 indicates a good weekly high, 76.48 - 76.97 then expected by the end of next week, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.by SpecialeAnalysis1
CL LongNYMEX:CLU2023 has rallied significantly due to increased demand and OPEC+'s ongoing production cuts. Buying at quality demand is preferred as prices are expected to continue rising.Longby randy8767
Crude Oil - Shorting opportunityCrude Oil's Second Leg is showing signs of ending. 5th Wave is exhibiting ending diagonal pattern. At Least a 50% retracement of last wave is expected.Shortby obviousTacos169290
To the end crude will blast soonWait for movement and make big profit After 2 days u will be fun Longby chandreshhadiyal981
Key Levels and US Market Review for the Asian session open 1/08US and European markets saw a relatively tame session to end the month. Major indexes remain buoyant and edge higher even as the USD gains and US Bond yields hold around long term highs. While traders focus on the end of a global interest rate rising cycle, share markets remain risk on. For me, the technical view remains positive for now with focus today on the RBA rate statement today in our local market and then it will shift to the US Key employment data at the end of the week. Expecting a stronger open in Asia with the ASX200 to open up 25 pts, the Nikkei to open flat and Hang Seng to open up 210 pts. Traders will be keeping an eye on coming employment data and rate Statements from the RBA today and BOE later in the week, for an updated outlook for Global interest rates and inflation. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper19:47by TradeTheStructure2
WTI Light Sweet Crude Oil, 8/1/23For Tuesday, the 80.65 - 81.61 long-term resistance area can contain buying through summer activity, below which 73.40 is likely by the end of August, 62.14 attainable over the next 3 - 5 months. On the other hand, closing today above 82.42 signals 84.48 within the week, while a weekly settlement Friday at or above 82.42 (1% above 81.61) would set off a buy signal into later year, 87.27 then expected within 3 - 5 weeks, 103.33 over the following 3 - 5 months. Downside Tuesday, 78.12 can contain session weakness, while closing below 78.12 indicates a good high through next week, 76.12 - 76.13 then expected over that time horizon, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.by SpecialeAnalysis0
CL1!: Long Signal with Entry/SL/TP CL1! - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Long CL1! Entry - 81.58 Stop - 79.84 Take - 84.18 Our Risk - 1% Start protection of your profits from lower levels. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals131320
learn to trade a tradesetup in crudeoil..a tradesetup was shown in crude oil ..and a paper trade was initiated with our 3 indicators,, this is not a trade advice.. but a learning setup.. kindly mute while watching.. thanks for watching.. if u like the video..give me a like ..and try to follow..for new updates.. 06:48by shiit_tv_teameUpdated 0
Technical and digital analysisWe notice that we are in a correction to the upside and there is an increase in the buying momentum, we are waiting for the completion of the correction and the weakness of the selling momentum for buying and there is a divergenceby faridsalim3080
Bullish CrudeoilSee in Chart.. First of 5500 around major support.. From long time not break this level, maybe around 3 times touch this levels.. Upper side now 6020 major resistance and after that you can see new levels in Crudeoil.. 6300 first and after that around 6700++ Let's see Hope no any bad news release from US/OPEC/RUSSIA side.. Thanks for Support Longby SJ2409Updated 8
Crude Oil....6430.Heading higher..FocusCrude Oil MCX Current Future...6430 Heading for 6800 in all probabilitiesLongby ST_NGNFUpdated 1