6/23 | $CLA very strong past couple weeks for crude oil. Would like to see a pullback into daily demand ~ $78 for a potential buying opportunity. I believe we eventually shoot for untested supply above ~ $84.Longby StonksSociety112
Bitcoin silver oil 11:00 June 21st 2024 I think Bitcoin is close to a reversal higher and I would be looking for that reversal Sunday night or sometime on Monday. silver had a great opening price trade with the 2 bar reversal it moved about $5000 per contract where it came to sellers. so silver is a fast Market that quickly gave you a very good return as a seller but my concern would be that sometime during the remainder of today but more likely when the Market opens after the weekend that's when I would expect to find buyers... but I would have to see how the Market's trading before I make that decision. would I put on a long trade going in to the weekend? no. because there are no signs of buyers yet. we'll talk about oil this weekend if I get a chance.21:27by ScottBogatin116
CRUDEOIL UPDATE || JUNE 18- 19Crude Oil Update: Potential Bullish Move on the Horizon (Informative) Heads up, commodity traders! Crude oil is currently exhibiting bullish signals, suggesting a potential price increase. Here's a breakdown for your reference: Target: 6840 (This is the level the price might reach if the bullish trend continues) Stop-Loss: 6760 (This is a pre-determined price point where you would automatically sell your position to limit potential losses) Keep an eye on relevant news and events that might impact the crude oil market. This can help you make more informed trading decisions.Longby Shalvisharma5115
CRUDE OILPreferably 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... ;)by sepehrqanbari5
CRUDE OILPreferably 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... ;) by sepehrqanbari5
CRUDE OILPreferably 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... ;)Longby sepehrqanbari4
#202426 - priceactiontds - weekly update - oilGood Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: Strong week by the bulls with 3 pushes up but still a lower high. Their next target is to get back above 80.22. Right now they have momentum going but big down, big up mostly creates confusion and that means trading range. Above 79.5 I will probably long for 80. They need to stay above 77 or odds favor a retest of the lows below 74. comment: Bulls just had amazing follow through since Monday and have bought everything on lower volume. The tight bull channel is valid and Monday or Tuesday could set up another good buying opportunity. I don’t think bears want to die on that 82 hill and bulls can bring this easily back to 82.5 or 84.5 where two upper bear trend lines run through. current market cycle: big trading range or smaller bull trend inside of it. Triangle is still playing out. key levels: 72-84 bull case: Another very strong week. Can only look for longs in oil currently, until bears show up again. Bulls had two big legs up and want a third one to around 83.5/84.5. The current pullback could continue 1-3 days before more up but bulls should not let it break the lower bull channel around 79.7ish Invalidation is below 79.5. bear case: Bears clearly see the pattern and only doing small intraday scalps until the market get’s nearer to either bear trend line as drawn. The big one started 2 years ago, so you can be sure, there will be a reaction. Not saying bears will be strong enough to reverse it directly but at least stall it around that price area. As of now, bulls are in full control and far above the daily ema. Don’t look for shorts unless strong momentum. Invalidation is above 82.1. outlook last week: “short term: Neutral right under the bear channel line and daily ema at 77.5. Can break to either side.” → Last Sunday we traded 78.45 and now we are at 80.73. Not a good outlook but I would always write the same. As strong as it was before last Monday, it was the high of the trading range and it could have been the top for some days. short term: More sideways to down movement expected (not much down, max 79.7ish) before bulls try the third leg up. Can’t be anything but bullish looking at this chart until bears build bigger selling pressure. medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. Market did indeed reversed hard over the past 3 weeks and we are almost at the top of the triangle again, where I expect more sideways movement until one side clearly wins again. Odds favor the bears if they stay below 85. current swing trade: None chart update: Bear channel was clearly broken and therefore removed. Tight bull channel with a 5-wave series added.Longby priceactiontds3
Crude coinciding with OXY setupCrude broke the downward trend with conviction after a multiple week correction. This gives me more confidence for my potential long-term OXY trade setup next week. These stall candles signal accumulation and contraction. After the initial run multiple EMAs are used for supportive structure including candle bodies and wicks. I am late to the party on crude (but I dont trade futures), Oxy is lagging so that is my preferred method. This will be much like my previous trade , likely a multiple week/month hold, slow layered entry. Longby Apollo_21mil4
Can the HOUSE CAPITALIZE SHORT out of the CURRENT Consolidation?NYMEX:CL1! "I DONT FOLD UNDER PRESSURE, Great athletes perform better under pressure so put pressure on me." -Floyd Mayweather Jr. Top of the Sunday Morning Family. I hope we all are well and in gr8 spirits as we get ready to start this trading week. Here I have constructed this SHORT narrative on OIL, out of the Current Range we are trading inside of. The consolidation zone ranges from prices of roughly ($79.30 to $77.20)... Here is what I will need to see in order to enter SHORT and target the 4Hr Swing EQ Level ($76.55). 1) On the Daily TF buyers have pushed price back up into an un-mitigated Daily Supply Zone. & Now that we have Mitigated this Daily Supply, we could see sellers step back into the Market and push price back down. **** I would like to see buyers sweep the High of the Consolidation zone on the 1Hr TF! If price can break higher than ($79.30) then this would be a good sign for me. Now I want this to be a (Liquidity Sweep SOLELY with no real follow through from buyers) basically manipulation to the upside then BOOM!!! Sellers come in and drop the market off a cliff stopping everyone LONG and Sellers coming to sweep the eR/LQ Trendline to the downside... 2) Price is currently riding a HTF{ 4Hr Ascending eR/LQ Trendline } that I know is going to be swept with strong sellers to the downside and this is the move I'm looking for the HOUSE to CAPITALIZE ON.... 3) The EQ level of the Consolidation range is what I need to see price break underneath with confirmed candle closures on the 30m TF & Below before I enter SHORT... The EQ level of the Range is roughly ($78.25)... ****I want to price sweep the Ascending eR/LQ then break and close with strong conviction underneath the Consolidation EQ Level ($78.25) on the 30m TF & below. **** Now if and when we can get these sequence of events to take place then I will be compelled to place my Limit SHORT on the retest of ($78.25)Consolidation EQ Level and Target the 4Hr Swing EQ Level Below ($76.55) 170 Points SHORT in our favor... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions Shortby TreyHighPwrUpdated 3
Will oil plummet? Or is this chart primed for a reversal?Oil ended april as a first red month, in which case may id be looking for sell high, they kept price suppressed and didnt attempt to make any significant higher highs this month, since there was no real place, except the start of may, to sell high, (and fundamentals somewhat driving my thesis) i would expect them to keep trapping volume down low for the frontside move of the week, and shift momentum to the upside later in the week ending as a first green month (closing the month above previous month close 81.15 (CL1!) - after attempting to continue going lower in a previous downtrend) friday was a first green day, so mondays thesis would be to look for a buy low in any 1 of the 3 sessions. past 3 weeks have been inside week for the most part, this is primed for a serious reversal. May the markets be with you all!! Longby thesturdygentlemanUpdated 228
Crude OilPair : US OIL - Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Demand Zone Fibonacci Level - 61.80% Consolidation Phase in Short Time Frame Break of Structureby ForexDetective3
$OIL giving us bullish signalsToday i break down where NSE:OIL seems to be heading and how i took an entry today. This bullish move up can be scalped and in my video i break down the thought process on how that is done. Plenty more money to be made on this run! Long04:10by Mustangsvt2812
CME NYMEX: CL WTI Crude Oil Futures price forecast Target 165.00CME NYMEX: CL WTI Crude Oil Futures price forecast T/S : Trend Trading B/S : Buy Entry : 80.00 Target : 165.00 (106.25%) Stop : 67.00 (-16.25%) Date : Jun 18, 2024 Note : Support and Resistance : 64, 75.5, 95, 110, 135, 165, 240Longby Ptrade2
CRUDE**CrudeOil:** This week's forecast is for the price to rise to the lost pivot at 83.41 and reverse the trend after that test.Longby simaoxceps2
Can the HOUSE CAPITALIZE SHORT out of the CURRENT Consolidation?NYMEX:CL1! "I DONT FOLD UNDER PRESSURE, Great athletes perform better under pressure so put pressure on me." -Floyd Mayweather Jr. Top of the Sunday Morning Family. I hope we all are well and in gr8 spirits as we get ready to start this trading week. Here I have constructed this SHORT narrative on OIL, out of the Current Range we are trading inside of. The consolidation zone ranges from prices of roughly ($79.30 to $77.20)... Here is what I will need to see in order to enter SHORT and target the 4Hr Swing EQ Level ($76.55). 1) On the Daily TF buyers have pushed price back up into an un-mitigated Daily Supply Zone. & Now that we have Mitigated this Daily Supply, we could see sellers step back into the Market and push price back down. **** I would like to see buyers sweep the High of the Consolidation zone on the 1Hr TF! If price can break higher than ($79.30) then this would be a good sign for me. Now I want this to be a (Liquidity Sweep SOLELY with no real follow through from buyers) basically manipulation to the upside then BOOM!!! Sellers come in and drop the market off a cliff stopping everyone LONG and Sellers coming to sweep the eR/LQ Trendline to the downside... 2) Price is currently riding a HTF{ 4Hr Ascending eR/LQ Trendline } that I know is going to be swept with strong sellers to the downside and this is the move I'm looking for the HOUSE to CAPITALIZE ON.... 3) The EQ level of the Consolidation range is what I need to see price break underneath with confirmed candle closures on the 30m TF & Below before I enter SHORT... The EQ level of the Range is roughly ($78.25)... ****I want to price sweep the Ascending eR/LQ then break and close with strong conviction underneath the Consolidation EQ Level ($78.25) on the 30m TF & below. **** Now if and when we can get these sequence of events to take place then I will be compelled to place my Limit SHORT on the retest of ($78.25)Consolidation EQ Level and Target the 4Hr Swing EQ Level Below ($76.55) 170 Points SHORT in our favor... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions Short05:08by TreyHighPwrUpdated 3
crude oil bullish cup n handle pattern formation done. from very long time is has been in correction..now breaks..Longby mansetsoft1
Turbo Tuesday Crude OiLSo carrying on from our Bullish Bias I am expecting price to move to the Daily +oB and have an bullish reaction to PDH Closer to NY open I will be looking for this to happen Daily FVG CE is the target...Longby IamThattrader1
CL1! (Cruide Oil Futures) - Top-down Analysis Ok guys, here is my analysis for Crude Oil Futures. I've been bullish, but the currently I don't have anything in terms of a strong bias in either direction. But what I will be looking for is what I mentioned wanting to see on the weekly timeframe. Watch the analysis, let me know what you think will happen with crude oil prices! - R2F05:13by Road_2_Funded2
Crude Turbo Tuesday'sYesterday we saw a nice bulish displacement and I would like price to stay above the 1hr FVG.. We can wick bellow on the 1hr but leading into CME open I would wait for bullish price to reach to the 80.00 level which is the Daily FVG.. Once we close inside the Daily FVG we can start looking at CE of it. Longby IamThattraderUpdated 3
Crude Oil "Triangle Pattern" Target 7100 and "Wolf Wave Target"A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern. Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for Wolf Wave Target Achieved in Ethereum. Guess 3rd Target ??? I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you Longby SasikumarMani2
Crude oil eyes $80, but resistance loomsWTI is on track for a bullish engulfing week to snap a 3-week losing streak. And as it fell over 17% from the April high, it could pave the way for further gains in the coming weeks. However, there are plenty of resistance levels around the $80 that could spur bears from the side lines. The May VPOC and VAH sit around Wednesday's high, and the monthly R1 and weekly R2 near the May high. So whilst another crack at $80 seems more likely than note, the $80 area could be an interesting area to fade into. Strong support sits around $75.50, making it a viable target for bears and area for bulls to reconsider entering for an anticipated move above $80. by CityIndex1
BUY CL (CRUDE OIL)BUY CL at the 79.15 or the 78.00 price levels, going back up to the 90.00 to 95.00 price and beyond.Longby pstock123Updated 2
Impending rise for oil prices?If you would like to be notified whenever I post a new article, just click “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Impending rise for oil prices? WTI crude oil futures held steady around $78 a barrel on Tuesday, after rising 3 percent in the previous session on expectations of increased demand for fuel in the summer. The U.S. government may also fill the Strategic Petroleum Reserve at a faster pace as it aims to buy back oil priced around $79 per barrel. However, I remain cautious as I await the Federal Reserve's policy decision and U.S. inflation data this week. Positive U.S. employment data released on Friday raised concerns that the Fed may keep interest rates higher for longer, which could hurt the economic outlook and energy demand. Markets will be interested in data on U.S. crude oil inventories from the EIA today. OPEC+'s announcement to ease production limits by the end of the year has created much discussion about recent changes in oil prices. But personally, I am not worried because if prices continue to fall, the oil cartel may have to delay or cancel the plan to phase down production as early as August. It would not be surprising if OPEC+ decides to postpone production cuts and announce this decision as early as early August if oil prices remain around $70. Earlier this week, OPEC+ announced that production cuts of 1.66 million barrels per day will remain in place until 2025. In addition, voluntary production cuts of 2.2 mbpd will be maintained for another three months until September and then gradually reduced. Lower oil prices are a blow to major oil producers such as Saudi Arabia and Russia. The former needs an oil price above $90 a barrel to balance its budget, while the latter needs an even higher price to support the ongoing military intervention in Ukraine. Although there may be a decrease in oil prices, this is likely to remain subdued during the summer due to seasonal demand that will keep crude stocks in check. In the summer season, we expect sustained demand for oil and a reduction in global inventories from July to September. Therefore, we maintain a positive view on oil prices in the summer months. If you are trying to predict oil prices, there is a highly effective method you can use. Analyze oil producers to determine if their stocks are solid and cheap. With Tradingview you will have an essential tool to properly analyze the fundamental performance of each stock, avoiding costly mistakes. By using Trading View to analyze Exxon Mobil Corp (XOM), we can see that the stock is strong and attractively priced, which makes me optimistic about oil prices in the future. My prediction is that oil prices will reach $82 in the next quarter. We look forward to seeing you in the next article! And remember, for successful trading always rely on Tradingview: an indispensable tool that can help you avoid serious mistakes during your trades. Longby Antonio_Ferlito2