6/23 | $CLA very strong past couple weeks for crude oil. Would like to see a pullback into daily demand ~ $78 for a potential buying opportunity. I believe we eventually shoot for untested supply above ~ $84.
HIAX2026 trade ideas
crude looks like bull flag waiting breakout analysis edu pur.yes crude support 6700 stya blw thna bear mode possible6630--6570 or hurdle 6840 stya abv thna more fire up to 6900-7040+++++ yes eyes on breakout -- support hold or not???
Can we SHORT OIL from Daily Supply Zone / 78.5% Daily Fib Level?NYMEX:CL1!
"The One Most Adaptable to Change is the One that Survives." -Charles Darwin
As I've been paying close attention to OIL, we may have an opportunity to go SHORT from this un-Mitigated HTF Daily Supply Zone / 78.5% Daily Fib. Level....
1) What I'll be looking for is for buyers to push price up into this Daily Supply Zone and hit $83.00 Per Barrel which would be the EQ Level of the Overall Daily Supply Zone and this pricing would line up perfectly with the Daily Fib. Level 78.5% Kill-Zone!!
2) Now if we can see buyers push price up into these levels ($83.15) Per Barrel, then I'll drop down to a LTF 5-15m Confirmation entry to SHORT and Target 62.0% Daily Fib. Level ($80.85) Per Barrel. Roughly around +230 points in our favor SHORT!
3) I'll keep close update as PA develops and we have more data to work with...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
CRUDE OILPreferably 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... ;)
#202426 - priceactiontds - weekly update - oilGood Evening and I hope you are well.
wti crude oil futures
Quote from last week:
bull case: Strong week by the bulls with 3 pushes up but still a lower high. Their next target is to get back above 80.22. Right now they have momentum going but big down, big up mostly creates confusion and that means trading range. Above 79.5 I will probably long for 80. They need to stay above 77 or odds favor a retest of the lows below 74.
comment: Bulls just had amazing follow through since Monday and have bought everything on lower volume. The tight bull channel is valid and Monday or Tuesday could set up another good buying opportunity. I don’t think bears want to die on that 82 hill and bulls can bring this easily back to 82.5 or 84.5 where two upper bear trend lines run through.
current market cycle: big trading range or smaller bull trend inside of it. Triangle is still playing out.
key levels: 72-84
bull case: Another very strong week. Can only look for longs in oil currently, until bears show up again. Bulls had two big legs up and want a third one to around 83.5/84.5. The current pullback could continue 1-3 days before more up but bulls should not let it break the lower bull channel around 79.7ish
Invalidation is below 79.5.
bear case: Bears clearly see the pattern and only doing small intraday scalps until the market get’s nearer to either bear trend line as drawn. The big one started 2 years ago, so you can be sure, there will be a reaction. Not saying bears will be strong enough to reverse it directly but at least stall it around that price area. As of now, bulls are in full control and far above the daily ema. Don’t look for shorts unless strong momentum.
Invalidation is above 82.1.
outlook last week:
“short term: Neutral right under the bear channel line and daily ema at 77.5. Can break to either side.”
→ Last Sunday we traded 78.45 and now we are at 80.73. Not a good outlook but I would always write the same. As strong as it was before last Monday, it was the high of the trading range and it could have been the top for some days.
short term: More sideways to down movement expected (not much down, max 79.7ish) before bulls try the third leg up. Can’t be anything but bullish looking at this chart until bears build bigger selling pressure.
medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. Market did indeed reversed hard over the past 3 weeks and we are almost at the top of the triangle again, where I expect more sideways movement until one side clearly wins again. Odds favor the bears if they stay below 85.
current swing trade: None
chart update: Bear channel was clearly broken and therefore removed. Tight bull channel with a 5-wave series added.
Crude coinciding with OXY setupCrude broke the downward trend with conviction after a multiple week correction. This gives me more confidence for my potential long-term OXY trade setup next week. These stall candles signal accumulation and contraction. After the initial run multiple EMAs are used for supportive structure including candle bodies and wicks. I am late to the party on crude (but I dont trade futures), Oxy is lagging so that is my preferred method. This will be much like my previous trade , likely a multiple week/month hold, slow layered entry.
Crude OilPair : US OIL - Crude Oil
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Demand Zone
Fibonacci Level - 61.80%
Consolidation Phase in Short Time Frame
Break of Structure
CRUDE**CrudeOil:**
This week's forecast is for the price to rise to the lost pivot at 83.41 and reverse the trend after that test.
Light Crude OilLight crude oil, with the fall of several months and the price correction, is now close to the main support and the past purchases made by investors. who have placed an order will approach and make a loss, and by following their analytical and investment path, you can achieve a good profit in the long term.
Sashacharkhchian
Crude Oil BullishAfter the big rally in oil price back in May price found a balance in the range of 81 to 76 forming a expanding wedge. A break to the downside retraced and went up to not only test the top of the wedge but also began consolidation here. Price has been making HH and HL since the start of June. Next magnetic level before sellers may come in is 84.
CrudeOil trading in a 100 points range for long time. As we see a massive up move in stock market it is time keep eye on range breakout for oil.
As soon as range breakout happens a minimum 100/200 point move is expected.
Turbo Tuesday Crude OiLSo carrying on from our Bullish Bias I am expecting price to move to the Daily +oB and have an bullish reaction to PDH
Closer to NY open I will be looking for this to happen
Daily FVG CE is the target...
CL1! (Cruide Oil Futures) - Top-down Analysis Ok guys, here is my analysis for Crude Oil Futures.
I've been bullish, but the currently I don't have anything in terms of a strong bias in either direction. But what I will be looking for is what I mentioned wanting to see on the weekly timeframe.
Watch the analysis, let me know what you think will happen with crude oil prices!
- R2F
Can the HOUSE CAPITALIZE SHORT out of the CURRENT Consolidation?NYMEX:CL1!
"I DONT FOLD UNDER PRESSURE, Great athletes perform better under pressure so put pressure on me." -Floyd Mayweather Jr.
Top of the Sunday Morning Family. I hope we all are well and in gr8 spirits as we get ready to start this trading week. Here I have constructed this SHORT narrative on OIL, out of the Current Range we are trading inside of. The consolidation zone ranges from prices of roughly ($79.30 to $77.20)... Here is what I will need to see in order to enter SHORT and target the 4Hr Swing EQ Level ($76.55).
1) On the Daily TF buyers have pushed price back up into an un-mitigated Daily Supply Zone. & Now that we have Mitigated this Daily Supply, we could see sellers step back into the Market and push price back down.
**** I would like to see buyers sweep the High of the Consolidation zone on the 1Hr TF! If price can break higher than ($79.30) then this would be a good sign for me. Now I want this to be a (Liquidity Sweep SOLELY with no real follow through from buyers) basically manipulation to the upside then BOOM!!! Sellers come in and drop the market off a cliff stopping everyone LONG and Sellers coming to sweep the eR/LQ Trendline to the downside...
2) Price is currently riding a HTF{ 4Hr Ascending eR/LQ Trendline } that I know is going to be swept with strong sellers to the downside and this is the move I'm looking for the HOUSE to CAPITALIZE ON....
3) The EQ level of the Consolidation range is what I need to see price break underneath with confirmed candle closures on the 30m TF & Below before I enter SHORT... The EQ level of the Range is roughly ($78.25)... ****I want to price sweep the Ascending eR/LQ then break and close with strong conviction underneath the Consolidation EQ Level ($78.25) on the 30m TF & below.
**** Now if and when we can get these sequence of events to take place then I will be compelled to place my Limit SHORT on the retest of ($78.25)Consolidation EQ Level and Target the 4Hr Swing EQ Level Below ($76.55) 170 Points SHORT in our favor...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
Can the HOUSE CAPITALIZE SHORT out of the CURRENT Consolidation?NYMEX:CL1!
"I DONT FOLD UNDER PRESSURE, Great athletes perform better under pressure so put pressure on me." -Floyd Mayweather Jr.
Top of the Sunday Morning Family. I hope we all are well and in gr8 spirits as we get ready to start this trading week. Here I have constructed this SHORT narrative on OIL, out of the Current Range we are trading inside of. The consolidation zone ranges from prices of roughly ($79.30 to $77.20)... Here is what I will need to see in order to enter SHORT and target the 4Hr Swing EQ Level ($76.55).
1) On the Daily TF buyers have pushed price back up into an un-mitigated Daily Supply Zone. & Now that we have Mitigated this Daily Supply, we could see sellers step back into the Market and push price back down.
**** I would like to see buyers sweep the High of the Consolidation zone on the 1Hr TF! If price can break higher than ($79.30) then this would be a good sign for me. Now I want this to be a (Liquidity Sweep SOLELY with no real follow through from buyers) basically manipulation to the upside then BOOM!!! Sellers come in and drop the market off a cliff stopping everyone LONG and Sellers coming to sweep the eR/LQ Trendline to the downside...
2) Price is currently riding a HTF{ 4Hr Ascending eR/LQ Trendline } that I know is going to be swept with strong sellers to the downside and this is the move I'm looking for the HOUSE to CAPITALIZE ON....
3) The EQ level of the Consolidation range is what I need to see price break underneath with confirmed candle closures on the 30m TF & Below before I enter SHORT... The EQ level of the Range is roughly ($78.25)... ****I want to price sweep the Ascending eR/LQ then break and close with strong conviction underneath the Consolidation EQ Level ($78.25) on the 30m TF & below.
**** Now if and when we can get these sequence of events to take place then I will be compelled to place my Limit SHORT on the retest of ($78.25)Consolidation EQ Level and Target the 4Hr Swing EQ Level Below ($76.55) 170 Points SHORT in our favor...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
Bitcoin silver oil 11:00 June 21st 2024 I think Bitcoin is close to a reversal higher and I would be looking for that reversal Sunday night or sometime on Monday. silver had a great opening price trade with the 2 bar reversal it moved about $5000 per contract where it came to sellers. so silver is a fast Market that quickly gave you a very good return as a seller but my concern would be that sometime during the remainder of today but more likely when the Market opens after the weekend that's when I would expect to find buyers... but I would have to see how the Market's trading before I make that decision. would I put on a long trade going in to the weekend? no. because there are no signs of buyers yet. we'll talk about oil this weekend if I get a chance.
crude oil bullish cup n handle pattern formation done.
from very long time is has been in correction..now breaks..
CRUDE OILPreferably 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... ;)
CRUDE OILPreferably 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... ;)
CRUDEOIL UPDATE || JUNE 18- 19Crude Oil Update: Potential Bullish Move on the Horizon (Informative)
Heads up, commodity traders! Crude oil is currently exhibiting bullish signals, suggesting a potential price increase. Here's a breakdown for your reference:
Target: 6840 (This is the level the price might reach if the bullish trend continues)
Stop-Loss: 6760 (This is a pre-determined price point where you would automatically sell your position to limit potential losses)
Keep an eye on relevant news and events that might impact the crude oil market. This can help you make more informed trading decisions.
$OIL giving us bullish signalsToday i break down where NSE:OIL seems to be heading and how i took an entry today. This bullish move up can be scalped and in my video i break down the thought process on how that is done. Plenty more money to be made on this run!
Will oil plummet? Or is this chart primed for a reversal?Oil ended april as a first red month, in which case may id be looking for sell high, they kept price suppressed and didnt attempt to make any significant higher highs this month,
since there was no real place, except the start of may, to sell high, (and fundamentals somewhat driving my thesis) i would expect them to keep trapping volume down low for the frontside move of the week, and shift momentum to the upside later in the week ending as a first green month (closing the month above previous month close 81.15 (CL1!) - after attempting to continue going lower in a previous downtrend)
friday was a first green day, so mondays thesis would be to look for a buy low in any 1 of the 3 sessions.
past 3 weeks have been inside week for the most part, this is primed for a serious reversal.
May the markets be with you all!!
CL - Weekly Forecast - 17 June 2024I have a bullish bias for CL in the weeks ahead.
My entries and targets are shown in the video.
