9.5.23 In this video I tried to show how you could scalp the silver market on an opening price short trade. I projected that the market would do some things that it hasn't done yet so it will be interesting to go back and see what the market did since this video. At the time of this video I thought the market was going to go higher and lower. The oil went higher...
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... ;)
9 5 23 Oil is a great example of how markets can be easy to trade at times and difficult to trade at other times. My gut level feeling is it oil has taken out a lot of sellers and and then your natural inclination is to think that it should correct lower. What goes up a lot must come down at least a little. But sometimes what goes up a lot Doesn't correct so...
9.4.23 There needs to be A caution here. I was answering the question on the previous oil video how to deal with an opening price when the market opened. There are clues that the market may go lower especially when the market comes to a measured move where you would expect the reversal and for the market to go lower. The problem with the first assessment Is that...
I understand some technicals are bullish right meow, although I don’t trust buyer supper after a rip like this… and here’s why.
After breaking the uptrend, all attempts to breakout and back into bullish territory we’re rejected. And market makers pushed the closing price neatly back under key levels before each candle closed.
I chose to sell 500 barrels after...
As I can see there is rounding pattern on crude oil. that can work like support. now i am not giving support and resistance here because it is in curving pattern.
All of these are learning purpose and not recommendation of buying or selling.
9.4.23 This is a review of oil. I was asked if I would short this market at the current price which is a two bar reversal.... and I think the price action is so bullish I would wait for a trade and I wouldn't short right now.... but it is a two bar reversal the short... but not for me. There's so much going on in this market that I used my time to talk about...
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... ;)
Oil looks good,
Role out of a long term resistance holding it back since Nov 22.
First time it’s closed over on 4Hr and Daily. Not sure what is in store when this opens… waiting for a signal.
Technical Momentum Strengthens
Crude Oil futures have been range-bound since the start of August, trapped between $85 on the upside and $75 on the downside. The technical perspective shows momentum studies rising from oversold territories, with the 8-day moving average trending just above the 34-day.
DMI + crossed back above DMI -, indicating that the bull market...
The monthly close for NYSE:CL indicates a bullish sentiment, accompanied by a consistent uptrend. Additionally, oil prices have concluded the month above the previous month's high, further affirming the positive outlook for the commodity.
Hi every body i will start my short sell on USOIL as i specified for you on my chart be aware of that ......around 94---95 dollar there is big reverse potential on oil price action....share this through your friends ...
GOOOOOOOD LUUUUUUUCK
NYMEX:CL1!
Watch for a breakout in Crude Oil.
An $84 handle on Crude could indicate a run back to the March '22 highs is en route.
We've seen Crude stuck in the $65-$80 trading range for around 8 months now.
While this base is being built, we see bullish divergence on a number of different oscillators.
Weekly candles found support right around the 200...
The oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again.
One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not...
I've got an exciting trading opportunity lined up in the Crude oil futures market. If the price manages to break above $82.14 on Monday, it could signal a promising long entry. This could be a chance to ride the upward momentum and potentially reap substantial gains. Keep a close eye on the market's movement as Monday unfolds.
In case things go as planned and the...
For the month of August, 70% of the October WTI Crude Oil volume occurred between $78.40 & $81.30.
The majority of the volume occurred at $80.00.
The late rally above $81.30 suggests that CLV2023 has rejected the August Value Area and is attracted to the liquidity level of $85.00, where the OI on the Options Calls exceed 12,000 contracts.
The price of oil seems to be tracking the positive slope in the 50-Day SMA ($77.50) as it reverses ahead of the moving average.
Crude Oil Outlook
The price of oil may extend the three-day rally as it carves a series of higher highs and lows, with a breach above the monthly high ($84.89) bringing $87.30 (78.6% Fibonacci retracement) on the radar.
Next area of...
