And we are back into the dancing area. Of course the price went up because the news of the war, let's see tomorrow how the prices will dance, if in their "safety area" between 84.01 for longs and 87.60 for shorts... or will be up following Arabia Saudita wishes on 100
Technical Momentum Weakens Crude Oil futures have stalled after rising in 2024 after trading at the upper price band of $88/barrel and lower price band of $84/barrel. The technical perspective shows momentum studies correcting from overbought territories, with the 9-day moving average stalling above 18-day. DMI + is narrowing in on DMI -, indicating that the...
as its in uptrend, so its possible price can reach next HH after HL, lets see how these marked zone play in coming time
The oil moves in an established area, if it touches 84 it will go up and if it touches 87 it will go down, until it is encouraged to establish new records, the key is to catch the same step as the oil to dance together.
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.
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.
**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
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...
Yesterday we hung around the daily V.i and propelled higher in the PM session after taking out PDL. Today I don't have a good read on price, we are bullish on the HTF as for targets.. there are none that stand out to me. So in this instance I wait for obvious PD arrays to target. Already "Travelled" a lot in the London session I would anticipate some retracement...
Price has invalidated my original short idea, which is great. Currently holding HTF PD Arrays 2 scenarios we continue higher off the 1h huge imbalance which I am not comfortable getting into right now We dig into the BPR printed on Thursday, which is much more favorable
wti crude oil comment: Market is making marginally higher highs on the 1h tf but it’s a reasonable triangle we are in. I think it will chop some more inside before another breakout and I think that will be news related/event driven. current market cycle: trading range key levels: 80-86 but converges inside 82-84 bull case: Bull legs inside the range...
So we are on the Daily Not moving with much drive and lets say... obvious direction when it comes to day to day bias (Overall Bearish) I am ONLY focusing on PDH and PDL as targets today with any signal to buy or sell into the market being in a discount before I place a trade. Range day - yes To consider that Thursday's have seen good movement on Oil recently so...
Backtesting that Daily trend line with a few top dots on this 4hr chart. Good posture to dump some points here so they can reload lower. Big money always wins, and they almost always come back for that liquidity.
**CrudeOil:** The forecast is for the price to rise to the top of the channel.
So we have achieved one target for price and that was to reach the Daily V.i and so far London has rejected going higher... Would like to see price head down post 0930est My target is still 80.50 just waiting for price to align with my thoughts is what is most important before pressing the button. At minimum PDL would be a bearish target I don't see why we would...
BUY: 65.55 TP: 83.59 SL: 64.30 -If trade is higher 89.18, trade will be cancel & another entry area will update 26mar'24 19
Oil rises in early Asian trading, Middle East tensions remain in focus Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures rose 39 cents, or 0.5%, to $87.39 a barrel by 0033 GMT,...