MChaotic

MChaotic Updated 

NYMEX:CL1! Longer term trend is still bearish. But Price is trading above 50 SMA, suggesting a short-term bullishness. Will attempt for intra-day longs today with stops below the 50 SMA.

MChaotic Updated 

NYMEX:CL1! is shaping up for a possible long position. Wait for the oscillators to confirm the bullish reversal and buy on bounce from the support trend line or the on a bounce from S1 77.34. Revisit of 79.20 as a possible target.

MChaotic

Wait for the oscillators to turn bullish on 1H for $NYMEX:CL1!. We are looking at a possible long here.

MChaotic Updated 

$CL1 is looking set for an intra-day long. The recent sharp drop below both key moving averages and subsequent movement indicate strong bearish pressure. But it has found short term support and is appearing to be reversing. Disclaimer: This analysis is part of my personal trading journal. It should not be considered as financial advice or a recommendation to...

MChaotic Updated 

NYMEX:CL1! continues to look bullish today. There might be a small pull back before the price resumes it journey towards 80. The plan is to wait for price action to confirm the direction clearly and look for buying opportunities around 78.70 area. Alternatively if there is no pullback in the morning session, wait for the price to break R1 or the 200 MA before...

MChaotic Updated 

The bearish trend is still dominant and we have had a clear downward trend. There has been some consolidation since last Friday and a bounce may be due soon. Entry Point: Wait for the price to break above the downward trendline conclusively during today's morning EUR session. Considering $79.50 as the profit target, with a stop-loss at $77.50. NYMEX:CL1!

MChaotic Updated 

Over reaction and over sold on the 1st of May. NYMEX:CL1! could recover some lost ground tomorrow. Plan is to buy above 79.40.