The following are trades setup ideas in 15 mins chart for Crude Oil Futures.
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
If price action closed...
The following are trades setup ideas in 15 mins chart for Crude Oil Futures .
There are 2 distinctive dotted lines labelled as
1. AI's Intraday Resistance line
2. AI's Intraday Support line
If price action was below the AI Intraday support line AND price closed below Pivot Point S1 line, the idea is to short and take profit at Pivot Point S3 price region....
Crude Oil has a seasonal tendency to bottom in December or January. The December 26th Crude Oil bottom (same day as SPX) came at a support zone in the $42 area with a significant RSI Bullish divergence. A clear Elliott wave "A -B - C" corrective pattern also appears complete at the 12/26/18 bottom.
Crude Oil usually has a seasonal rally January to April. ...
First a thanks and congratulations to fellow trading view member - The_Unwind, who two weeks ago sent me a private message saying Crude Oil could turn in the 72 to 73 area based on a .382 retrace of the entire Crude Oil bear market. A perfect .382 retrace is at 73.30, the high last week on the weekly chart was 72.90.
The turn last week came on a...
ny journey is normally predetermined with some planning (what time is my bus, flight, train?, what time should I leave home, hotel?, where will I get fuel, accommodation, meals etc).
All sensible trading should have similar plans, and back up plans.
Lately I have noticed considerable ES activity outside US trading hours. This must scare some traders when they are...
WTI Jun CL2!
It is rare for a major trend line to be penetrated and for that movement to continue the same day. So that is why I believe we will see some oscillation around this break on the Major for a day or 2 while price consolidates its latest movements.
This will also be a major decision event as we have a trend break but a wedge coil under development,...
Hello Supporters, Followers and General Interest Sideliners,
Ok my rectangle got hit and we are sitting on major support. Take Short profit now. This price action is now taking on a developing wedge appearance.
I believe price will wobble here for a few days then break to the up side.
Take a Long position if the Red indicator line gets above 40 then rolls over....
Ok the small wedge I described in my post of Apr 03 ($65.11) penetrated and broke to the downside. My target was $62.06 which was achieved on Apr 04.
Previous support at $64 was broken and the next 2 days were spent testing that level which was now providing resistance and this has held.
This suggests further downside bounded my the downtrend line (resistance) and...
I haven't posted for some time, but I have a (new) short position on CLM (June) which is why I am using CL2!
My current interest is this rising wedge.
I opened my short on the confirming bar of the 27th. I was expecting 3 to 5 bars down, thinking it would break and look for previous support at 62, but it was well supported at 64.
Higher Highs and lows would...
The main idea is to buy oil futures. This conclusion was based on Elliott wave principle. I hope you know basics of this type of techical analysis, if not i suggest you to read elliott wave principle by Robert Prechter.
Lets come back to chart. Overall I suspect that we will see strong impulse move, that will end 4th wave and than we will see new bottom near 15...