Crude oil stabilized this week around $84 per barrel on the May 2024 contract, from which we are seeing some nice rebounds after recent events between Iran and Israel. There is a risk that this escalation will not be over anytime soon, so energy prices may remain in an uptrend, possibly heading for a higher fifth wave back above last week's highs. If the market...
Crude Oil (May) Yesterday’s close: Settled at 85.41, down 0.25 Crude Oil futures have traded in a quiet range, going back through last week, outside of an early Friday morning geopolitical spike. A slate of economic data from China last night printed better Q1 GDP results at 5.3% versus 4.8%, but Industrial Production and Retail Sales whiffed. However, U.S....
Looks like oil found its secure area for now, just bouncing between 84.01 and 87.60. Giving us short longs and small shorts hourly.
Standard ratio between Elliott Waves 1 through 3 versus wave 5 is 618/886 zone, which is shown in an aqua box. Call the target the $92 region for wave 5 of some degree.
**CrudeOil:** The forecast is for the price to fall to between 81.70 and 80.50
As in previous post on Sunday - So we have dipped our toes into the weekly fvg May leave a low in place here to raid it again later, want to see weekley CE respected.. as its London and Monday this could be the judas swing... wait for more info and cme or 830 open. Any Longs from me will need market to show displacement on 15min or 1hr tf... no rush
I think that now there is wave 2 of the big 3rd wave of the supercycle. So in a few years oil will break its highs.
as its in uptrend, so its possible price can reach next HH after HL, lets see how these marked zone play in coming time
-Oil prices fell during trade on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage. -Brent futures for June delivery fell 20 cents, or 0.2%, to $90.25 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 33 cents, or 0.4%,...
1- A dip into weekly fvg would be ideal before a meaningful push up towards the daily eqh's 2- I don't see why they would raid them so soon so that where my intra day bearish stance is. 3-Overall Im Bullish 4- Staying above Monthly open and the FVG next to it is key to remaining bullish, yes we can wick into these areas but most importantly is the body of the...
If the buyers are panicking, we will see a sizable gap up and continuation. Possible target to be seen this week: $91 to $92.65. Not advice, just some parameters.
In this video, I will delve into what to expect in the futures market for the upcoming week. I'll be covering the E-mini S&P, Nasdaq, Russell 2000, Gold, and Crude Oil. Here, you'll get an understanding of the market environment, key levels to watch, and essential indicators to help make informed trading decisions. The indicators used include Bollinger Bands...
-My previous idea failed although im still looking to take a long targetting that buyside liquidity. - i want to see sellside purged and then a MSS on a 5min or sub and taget buyside
We see the possibility of a drop after the Y wave close. It is highly likely to be reversed at the corresponding Fibonacci level. There is also a possibility that the pattern will be finished without touching the section.
CL1! (Crude Oil) is forming a large head and shoulders pattern on 1hour chart. It is current retesting a previous support and holding at a demand area. A clean break below demand, below 84.85 would signal a price continuation down. For now, Jeanius is giving two buy signals which could be the beginning of another deep retracement upward. If we could get a strong...
Sl 7050 for close Target 🎯 7200 Know it's 7115 Just do it And injoy
Crude oil looks good for swing trade on Weekly timeframe. Wait for confirmation on daily candle. Chart is self explanatory. Target and SL as per ur risk management. This is not an investment tip, Just for educational purposes, Kindly do ur own analysis and trade accordingly.
Crude Oil (May) Yesterday’s close: Settled at 86.21, up 0.98 Crude Oil futures slipped early yesterday due to the broader risk-off sentiment and saw further selling on larger builds within the weekly EIA inventory data. However, price action held major three-star support (newly adjusted to 84.55-84.69 and 84.90-85.10) before geopolitical premium brought a fresh...