easy trade with CL!
The price might spring support. My first thought is that support will hold and the price will bounce off it and rally. It might not hold. I will consider those options more in depth once the price visits the support zone. I might publish another idea updating it, but considering I have no cloud I will probably not.
CRUDEOIL trading in desceding channel.
it should give channel breakout above 6280-6290
looking target 6500-6600+++
in very short term
keeping on radar Crudeoil 6300 CE (Jan.)
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
By auction market theory
low price zone attract new group of buyer
high price zone attract new group of seller
If you check volume profile
this area is HVA (high value area) in this trading zone
so this is just a bet with good RR
this bet can be considered trend follow (down trend)
hope that price will go back to POC (point of control)
Crude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
Crude Making Shooting Star On Daily TL Not A Good Sign
As you can see, crude oil is in an upward trend and it seems that it will continue to rise but it is a trap that very few know today is the weekly inventory and according to my experience there is a high probability that crude oil is going to collapse to 71.00
Crude oil fell last week, the weekly cross small Yang K line to stop falling and start to stabilize, after a continuous decline, a slight short-term rebound. A strong rally held the 67.70 low and established support in the previous low area. A small wave of sun line initially recovered the last big Yin K line and recovered the apex of the big Yin line. The...
USOIL / 1D
Hello traders, welcome back to another market breakdown.
Crude Oil traded lower earlier in the week after a small pullback bear trend.
The bears got 3 pushes down, forming a wedge pattern.
They want a retest of the June or May lows, followed by a breakout below.
The bulls see the current move down simply as a bear leg within a trading range.
They...
Preferably 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... ;)
CL1! is setting up nicely on the weekly time frame continunity with a hammer in place to indicate a possible reversal over the coming few weeks. RSI is sitting at 38.41 and MACD is falling. Let's watch to see when the MACD closes to show support of a continuation. The Slow Stochoctics indicator is beginning to cross to indicate a change. If nothing else we are...
In Elliott Wave Theory speak, this can be a C wave towards the 200% fib. Needs to hold the gray box early this week and start hitting targets, if the bulls continue to be in charge.
