After EIA Refinery data release , Crude Jump to $94 -$95 , expect pullback retest
Need to do some more work on this, but was mentioned to me about the negative correlation between WTI and Consumer Sentiment. Not trading recommendations or advice. I am posting this to open up for discussion the possible correlations/relationship between the two.
ITs been a while since i wrote about Oil, but watching the current price action makes me smile. The west is losing the commodity price battle with OPEC+. You can reference my past posts, but $94 has been my call for some time now. In my opinion its a key resistance level, and if it passes this into the new zone, we will see alot of volitivity a and rapid...
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... ;)
Hello There! Welcome to my new Price-Action Analysis about the CRUDE OIL FUTURES on the 2-day timeframe perspective. In the recent times CRUDE OIL FUTURES prices on the more short-term-perspectives at a measurement of the 1-hour to 4-hour timeframe perspective have climbed higher and made some new local highs on the local timeframe-perspectives. These local...
I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success. Now we get the chance to do it again "Sam" §8-) This current test of the L-MLH of the white Fork was brutal. The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious. As for a Stop, I think it needs top be at least above...
The trend continues for Crude Oil. Will it hit $94? Price is above the 50 and 200 daily EMAs. There are Oil Company stocks that may be impacted also. What out for news but the technical are leaning bullish.
NEAR TERM :: NEUTRAL VOLUME STRUCTURE - NYMEX:CLX2023 So far, for the month of September, 70% of the trading volume for the November contract has occurred between $89 & $91.75, with the highest volume around $91. PRICE ACTION WTI strongly rejected prices above $92 & failed to make a subsequent new high. A FEW FUNDAMENTAL FACTORS - Seasonal Demand...
The price of oil consolidates after registering a fresh yearly high ($92.43) last week, but the move below 70 in the Relative Strength Index (RSI) may accompany a near-term pullback in crude to mirror the price action from earlier this year. Crude Oil Outlook The price of oil is little changed from the start of the week as it bounces back from a fresh weekly...
With everyone in the general media chirping about the rise in crude oil this year, I can't help but wonder why there isn't a massive wave of good news about how "low natural gas prices are". We all know the media loves to get attention and fear, uncertainty and anger work much more effectively at capturing the ears of a weary audience. Wouldn't it make sense to...
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... ;)
Based on the idea of liquidity seeking; the orange box represents the 50% retracement, the top of the previous order block, and the Fair Value Gap region. I am short CL unless it breaks above the previous day's high. I'll consider a long if the setup materializes at $84.
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
this is my personal view .. no buying or selling indictions
CL in accordance with seasonal trend. Please see video for exact points. Thank you.
Details in Video.....took this as a goldfish entry....took profits quickly but wasn't suppose to. Price retraced a bit then proceeded to go lower later
Before recession oil always rise and fall after it get started 1 target 130$-150$ then we will see pullback lower 60$, possibly 40$ expect to see next recession in next 6-9 months
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... ;)