CRUDE OIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
SELL Crude oil
Good luck traders..
With a sudden OPEC decision to cut oil production rate,
the market opened with a huge gap up.
The price is currently testing a solid horizontal supply cluster.
What we know about gaps is the fact that in 80% of the time they tend to be filled.
I believe that sellers will push the price from the underlined resistance and initiate a bearish move.
Goals will be...
HELLO TRADERS !
On The Weekly Time Frame The USOIL Price Reached a Support Level !
Currently, The 72.30/73.86 Resistance Level is Broken 🔥
The Broken Resistance becomes new Support Level ✔
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET 1: 76.40🎯
TARGET 2: 79.65🎯
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🔸Hello traders, today let's review the 4 hour chart for crude oil. Previously we were stuck in
trading range, locked between 73 usd and 81 usd, however recently the trading range broke
down and this exposed further downside below 70 usd / bbl.
🔸The active trading range is defined by 81 usd range highs and 73 usd range lows.
Bears pulled the price down recently...
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Please note that any trading...
HELLO TRADERS💖
On The Daily Time Frame The USOIL Price Reached A Major Key Level !
Currently,on the 4h Time Frame The Price Formed a Double TOP pattern.
The Neckline is Broken🔥
So, I Expect a Bearish Move 📉
TARGET: 66.30🎯
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Crude Oil has recently broken a massive horizontal demand cluster.
70.0 - 74.0 is the zone that was a key structure support and that was respected multiple time in the recent past.
After a breakout, the underlined area turned into a supply zone.
Probabilities will be high that the next bearish wave will initiate from that.
Goal - 66.3
❤️Please, support my...
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ WTI Crude Oil daily time frame🛢️
The market is trading in a long term bearish trend.
After the last sharp bearish movement, the market is steadily recovering.
Ahead, I see a major horizontal supply area.
Probabilities are high, that the next bearish wave will initiate from...
#COMMODITIES #TRADESETUP
📡🔞 TRADE $BRENT
🔽 LONG (BUY) > 76.20$
❌ STOP > 75.10$ (1.18%)
✅ T1 > 93.32$ (RR 19.31)
✅ T2 > 119.5 (RR 48.41)
☠️CAUTION !!!!
2 IMPORTANT INFORMATION TO TAKE INTO CONSIDERATION:
> THIS IS A MT/LT TRADE. REGARDING THE SETUP. JAC IS DONE AND WE ARE WORKING ON THE EXIT. PIV D (76.47$) MIGHT BE THE KEY.
> IF WE REINTEGRATE THE FORK (BACK...
Brent Crude Oil : Multiyear(2015-2022) inverted Head and Shoulders triggered at the beginning of this year. Price broke the major downtrendline and subsequently iH&S neckline at 87 (lime) and then skyrocketed to 138. Now pulling back down to the neckline. We could actually see the backtest of the major downtrendline and dip into the S/R Zone 76-68. This would be...
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In the jungle, the mighty jungle
The lion sleeps tonight,
In the jungle the quiet jungle
The lion sleeps tonigh
Wee heeheehee…–
… – okay, let’s stop here before we won’t be able to get this song out of our heads. We should...
Here is my latest structure analysis for WTI Oil.
Resistance 1: 69.9 - 73.3 area
Support 1: 61.7 - 66.0 area
Support 2: 57.3 - 58.5 area
Consider these structures for pullback / breakout trading.
❤️Please, support my work with like, thank you!❤️
Now the situation that fundamentally pressures the price of oil , it is the sale prices of oil from Russia, and this is a trigger for the market, for a further decline.
Now we are moving in a range of 83-69, breaking through the upper level will mean for me, reaching the liquidity zone, collecting stop losses and continuing the move down
Best regards EXCAVO
USOIL is showing us a really nice ending diagonal, consisting of 5 waves subdivided into 3-3-3-3-3. We can see that we are now in the 5th wave so we can look for a reversal trade.
The equation we are working with is the following:
USDCAD inversely correlated to USOIL.
Anticipating USD weakness during FED = USDCAD bearish = USOIL bullish
We are anticipating...
UKOIL 8hour chart review/outlook. Broke key s/r recently
so expecting weakness next 4-8 weeks. Previously compression
intro triangle pattern and sequence of higher lows was
invalidated recently with break of 83.50 USD.
sequence of higher lows at 76.50 and 79.85, but broke
down with recent sell side pressure mounting due to
US banking crisis. Based on measured move...
