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
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
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, th
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 wo
Three Simple Technical Narratives Driving Crude OilPlease note that the chart above is the continuous front-month Crude, and we are referencing the August contract below.
Crude Oil (August)
Last week’s close: Settled 78.26, up 0.11
August WTI Crude Oil futures are front month and price action has consolidated terrifically out above the 21-day
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, 240
Crude Steps and Forces- all rectangles are potential support/resistance with the last one blue being a probable exception
- the 3 marked with dots levels can also become support/resistance, especially the first bottom blueish one, but they can also become like milestones levels or steps in the evolution of the price
- th
Repairing the Damage. What's Next for Oil?The chart above is continuous front-month Crude Oil futures. We are referencing the July contract below.
Crude Oil (July)
Yesterday’s close: Settled 77.74, up 2.21
WTI Crude Oil futures notched a fantastic start to the week, gaining 2.93%. It is no coincidence the gain comes on the heels of a
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Frequently Asked Questions
The nearest expiration date for Micro WTI Crude Oil Futures (Aug 2022) is Jul 19, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro WTI Crude Oil Futures (Aug 2022) before Jul 19, 2022.