CRUDE LEVELS.....
Thanks to everyone for follow and appreciate....
Happy Profitable trading ......
Note:
This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.
Crude oil is at all time highs as it pulls back into todays opening range.
this is also a 15 minute demand zone.
Entry at previous weeks high
Stop loss is right below structure on the 15 min and 1 hour chart.
Good evening and i hope you are well.
wti crude oil
bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact...
Pair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Correction Short Time Frame
I see big accumulation on Crude oil with 2 months duration. After such a big price accumulation ranges I expect the price realisation(trend).
We have a two variation of the scenario for Crude oil.
First Scenario
With high probabilty we will see new long trend. The fundamental data also show the long direction on the higher time frames. Production of crude oil...
CL was trending bullish but on Friday reversed and closed back below the daily high mapped out on the chart. Now I would be looking for it to touch the daily low.
Hi Everyone,
I focused the past months on crafting my trading plan and becoming a better, more precise trader.
I'm excited to share with you my personal view on opportunities in the market and help you guys on your trading journey.
Let's get it!
NYMEX:CL1!
Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!!
Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me...
1) On...
Oil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the...
My bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved.
However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays.
I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.
NYMEX:CL1!
I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon...
Here is my reasoning why...!! Rock w/ me!
1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break...
CL had a nice spike that returned it to its long trend. I see this continuing overnight and will use the new fib to find good targets and stops to place overnight trades.
Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we...
Crude oil appears to be heading towards the PWH.
I would like to see the H4 chart pullback and respect discount bullish arrays to then hunt a m15 bullish displacement to get long.
