Bullish.
After forming a new peak high,
price retraced to the +FVG.
Friday's "news wick" tapped the
-FVG above and quick returned
the +FVG. Should the +FVG hold,
expecting price to move toward
the highs, as price moves from
Internal -> External liquidity.
The LRLR to the lower left is a
draw on LQ that bears watching.
I enjoy any feedback or questions in...
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...
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,...
Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone.
A small doji also firmed around these levels to suggest a swing high has formed, or very near.
A...
NYMEX:CL1!
“If my mind can conceive it and my heart can believe it - then I can achieve it.” - Muhammad Ali
HOUSE CALL for a potential SHORT this week.....This is simple what I'll be looking for!
1) On the Daily TF we have a HUGE rejection Candle at the Daily Resistance leave $84.00 Per Barrell and now Price is currently trading above this Daily Demand Zone...
This can get a "c" wave down to the area on the chart, then begin a very bullish wave 5. One step at a time though! Looking for confirmation of a low somewhere between 618 and 886 fibs.
This week I have a eye on 80.50 for price to reach.
We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i
The Daily V.i is important to reference as Monday we can trade higher into this.
81.81-82.30 can play pivotal role for the next movement, if trade above, then 85.25 could be its target zone and if trade below, then oil can reach 78.81
Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.
Brent futures settled up 18 cents, or 0.21%, at US$87.29 a barrel.
The front-month US West Texas Intermediate (WTI) crude contract for May ended 41 cents...
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
So as in my previous forecast we have now closed daily bellow the Weekly FVG
My next target will be 80.50 by end of week.
Thats it for this week.... :)
Crude Oil (June)
Yesterday’s close: Settled at 82.15, down 2.68
June WTI Crude Oil futures are now front month and our levels are updated below. A sharp move, in this case the two-day drop, is not uncommon during times of roll and post option expiration as Crude Oil tends to cleanse positioning. With geopolitics front and center as the weekend approaches,...
