Retracement and higher high on CL?We successfully broke the weekly trend line and right now we are at the daily sell zone. I would like to see some retracement and then a higher high to around 83 area. Also, we crossed the 200 EMA on the daily timeframe which is a strong trend reversal signal. Entry - 77.5-78 (I would wait for a retracement to this level to go long. We can enter early around 78.5 if you do not want to miss the move.) Stop - 76.85 ( I would like to see a daily close below this level ) First target - 80 Second target - 82 Final target - 83 Please let me know your inputs. Happy trading!Longby AS_Futures_FXUpdated 1
Bullish! Big 3-3-5 or?? 5 wave Bear?Greetings all, Wishing you a fruitful week ahead. I would like to share Three business ideas I have developed using the Elliott Wave Principle with you. For further clarification, please refer to the attached chart. Your continued support is greatly appreciated and I look forward to our mutual success. Best regards, Longby mehdi47abbasi795
WTI Light Sweet Crude Oil, 7/31/23A two-sided framework continues through summer between 62.14 long-term support, and 81.61 long-term resistance, both regions able to contain seasonal activity. Upside, 81.61 can contain buying into later year, once tested 62.14 attainable over the following 3 - 5 months, where the market can bottom out on a seasonal basis. On the other hand, a weekly settlement above 81.61 indicates a good low for the year, 87.27 then expected within 3 - 5 weeks, 103.33 considered a 3 - 5 month target able to contain buying well into next year. - For Monday, the 80.65 - 81.61 long-term resistance area remains 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 81.61 allows 84.52 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 Monday, 78.12 can contain session weakness, while closing below 78.12 indicates a good high through next week, 74.83 - 75.41 then expected within 1 - 2 weeks, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.by SpecialeAnalysis0
Decision Time For Crude OilLight Crude Oil Futures (CL1!) - Potential Break out of parallel channel (TBC) - Above 200 week SMA - Several bounces off the 200 week - Long Term Stiff Resistance Overhead Amazing how compressed price is between the 200 week & overhead resistance. Its like a pressure pot about to spring or roll over. Turning the overhead resistance into support would be ideal IMO. I'll be watching and will update if we breach any significant levels. by PukaChartsUpdated 8
CL Week of 31/07 to 04/08 2023CL is almost in intermediary targets and need to be reviewed by the end of next week. Exact points in in the recording. Thank you.Long02:13by MacDadddy0
Long cycle on Crude Oil beginBased on the CFTC COT reports Commercials were in buys, while big correction in crude oil happened. Crude Oil will started new rising cycle. Resume CFTC COT confirmed Trend: Long TA Trend: LongLongby SmolletUpdated 0
Key Levels and US Market Review for the Asian session open 28/07US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of stocks. I expect that there was a lot of profit taken which may continue into the coming US session. I expect Europe will open weaker, especially the DAX, as it plays catchup with the US led selloff. Expecting a weak open in Asia with the ASX200 to open up 40 pts, the Nikkei to open down 380 pts and Hang Seng to open down 320 pts. Traders will be keeping an eye on coming economic data and the BOJ press conference today for some direction on Bond yields and in turn share markets. 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. **20:00by TradeTheStructure1
WTI Light Sweet Crude Oil, 7/28/23For Friday, the 78.04 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement today at or above 82.55 (1% above 81.73) would set off a significant buy signal into later year, 103.70 then expected over the next 3 - 5 months. Downside Friday, closing below 78.04 indicates a good high through next week, 76.57 then expected within several days, 73.38 within 2 - 3 weeks, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.by SpecialeAnalysis1
Technical and digital analysisWe notice that the correction to the upside is still not complete, and there is an increase in the buying momentum. We are waiting for the completion of the correction to buyby faridsalim3081
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 sepehrqanbari2
WTI Light Sweet Crude Oil, 7/27/23For Thursday, the 77.96 level can contain selling through the balance of the week, above which 80.65 - 81.73 long-term resistance remains a 3 - 5 day target able to contain buying through summer activity. A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months. Downside Thursday, closing below 77.96 indicates a good weekly high, 76.23 then expected within several days, 73.35 within 1 - 2 weeks, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.by SpecialeAnalysis0
LEARN to trade live example this is a continuation of previous video .. our prediction of crude oils move was good .. and made little profits in paper trade.. kindly mute while watching.. any doubts may be asked.. will be happy to help thanks for watching.. Short04:13by shiit_tv_teameUpdated 1
learn to trade continuationthis a continuation of previous 5 min time frame video.. any doubts in this video may be asked..i will try to clarify,, this is a own indicator and its hit rate is being tested.. paper trade if possible .. watch in 2x speed and mute the audio while watching .. thanks.. next video will be on BANKNIFTY 26/7/2023 ( TODAYS )04:42by shiit_tv_teameUpdated 0
learn to trade using indicators..kindly watch the entire video.. only one time frame explained ,, i will create a separate video for another timeframe.. kindly mute and watch in 2x speed thanks for watching.. kindly give a like if u like the video..Short11:15by shiit_tv_teame0
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... ;)by sepehrqanbari2