Zoen_Trieste

Zoen_Trieste

Further to the earlier ideas on the August delivery contract, I would like highlight the fact that it has now become the front contract of the Crude Light futures curve, and that it did so while being traded at plus 100% from its YTD low. When the June delivery contract went into negative, this contract was trading at around $20/bbl. Two months later it is trading...

Zoen_Trieste Updated 

Further to the earlier idea related to CLQ2020 contract in which there was a 100% up projection within certain time, it is now established that this contract traded the 100% up area from its YTD low, and that it is currently working the offers at this key zone. The sudden downside for long exposure that we saw earlier on today is most likely an effect of traders...

Zoen_Trieste

Oil has been very bullish as of lately; the September delivery contract is up by almost 100% from its YTD low. The hidden bullish divergence implies a significant amount of pullback continuation players in the market. Trying to follow the momentum by buying dips and being alert for signs of bearish reversal is the prudent approach. The risk of a fast bear action...

Zoen_Trieste Updated 

EURUSD lost 1/8th of its value since 2018. Apparently, it is struggling to go lower beyond that mark. It seems reasonable to be looking for targets above. Around 1.07 is the optimal area to get into long exposure with a 1R target @ 1.09 and 2R @ 1.11.

Zoen_Trieste Updated 

It looks like there's a good opportunity coming up on this one. Selling into strength seems reasonable.

Zoen_Trieste

There's a hidden bullish divergence on higher timeframes, a confirmation bar almost done being painted; short risk exposure seems justified.

Zoen_Trieste Updated 

The above chart illustrates how a 63% decline is beat by a 200% increase within 3 ensuing months. Buying into weakness seems reasonable.

Zoen_Trieste

The above charts shows an optimal limit buy area for a swing trade. Looking for a weakness to trigger a long entry while limiting the risk as much as possible is the aim. The 128.70% extension is a good area for setting a safe sell stop; the closer it is to that area, the better the reward for risk taken.

Zoen_Trieste Updated 

The current low is highlighted with the green square that shows potential trade setup projections for the upcoming couple of months before this contract's expiry.

Zoen_Trieste Updated 

The July delivery contract is seemingly in a decent spot for buyers. Having retested the bullish structural gap area, oil is now trading at a price where many players are waiting for it choose the direction, which will ultimately accelerate the consequent move as players book profits/losses. This can be interpreted as having greater control of risk, as a $1.5K...

Zoen_Trieste

BTCUSD is seemingly being well-offered around the the 50% reaction point on the earlier 60% bear move, potentially providing a good opportunity to buy the pullback within the bullish leg that almost did a 100% move higher from the $3.9k low. The highlighted areas serve as a visual representation of how supply&demand zones are expected to shift through the passing...

Zoen_Trieste Updated 

This chart is squared to the $3900 low with a $5 per 20min price to time ratio. It projects a 150% increase from $3900 low within the following 30 days. Buying the dips and piling long exposure seems reasonable.

Zoen_Trieste

The above chart projects a 200% increase from the recent $3.85k low by EOM. The pattern is invalidated if BTCUSD dips below $5.2k and closes daily timeframe below it.

Zoen_Trieste Updated 

Oil opened the week with a massive gap of more than 30%; a clear selling climax move. At this point, most of the selling was absorbed by institutionals and I do not see the selling continuing for much lower. Oil has already regained 20% since the low was printed early in the morning hours. A great opportunity for long-term buy entries. Mind the risk though - have...

Zoen_Trieste

A potential low-risk setup on this CLM2020-BBM2020 spread ; Brent to trade at a discount to WTI - very unlikely. Optimal entry around -2.40 , risk of $3k per contract with a potential 1R-1.5R return before the expiry of these contracts at the end of April.

Zoen_Trieste Updated 

The fear is out and folks are running for an exit; the reduction of short risk exposure in progress. Best time to look for long entries. However, watch for the transitioning of lower timeframes into bullish or sideways formations for potential long-term buy entries with reduced risk. A 1R return of $2K per contract is the minimum expected return here with a...

Zoen_Trieste Updated 

Oil price is seemingly getting bid at the important 315º @ 5770. Long entries from here with potential targets of 5890, a 45º movement and 6010, a 90º movement. The context to the left dictates a short, but we are going against the tide here to capture a decent return on minimal risk of 30 ticks.

Zoen_Trieste

This analysis of CLJ2020 , the contract for April 2020 delivery, is an attempt at forecasting oil price into Q3 2020. A potential supply area around 6275-6325 via an increasing urge to lock in profits/reduce short risk exposure . Also, the risk of downside for longs is ever more noticeable as oil approaches the 3-sigma area where odds of mean reversion...