CL back to bearish trendCL was trending bullish but on Friday reversed and closed back below the daily high mapped out on the chart. Now I would be looking for it to touch the daily low.
TCS1! trade ideas
ACTIVE AGAIN!! Will be posting setups regularyHi Everyone,
I focused the past months on crafting my trading plan and becoming a better, more precise trader.
I'm excited to share with you my personal view on opportunities in the market and help you guys on your trading journey.
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Crude**CrudeOil:**
The price is expected to come down to the lower side of the channel and then rise until the zone between 82.60 / 83.50.
Buyers Failed twice this week...Guess we're going SHORT huh...?NYMEX:CL1!
Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!!
Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me...
1) On March 5th, 2024 during the end of London and the beginning of NY trading sessions price entered the major Daily/4Hr Demand zone and buyers immediately entered the market & took price off like a rocket to the upside...***Now the Daily Last Swing HIGH Pricing is ($80.85) and buyers came very very close to breaking that level on March 6th, 2024 however DID NOT BREAK IT!! Sellers held their resistance and pushed price back down...
2) On March 7th, 2024 sellers pushed price all the way back down to the daily demand zone again around pricing of ($78.00) P. Barrel & once again buyers stepped back into market and took price back up to a Major Monthly Resistance Level @ ($80.00) P. Barrel and sellers immediately used that level of resistance to take the market back down...So that is twice in 1 week that buyers were unsuccessful of purging the Daily Last Swing HIGH and creating a NEW...
3) Now that sellers have pushed price back down into the Daily/4Hr Demand for the 2nd time in a very strong way it seems as if Demand is not doing it job to take out Higher Premium Supply and will eventually fail...With sellers demanding lower prices Per Barrel.
***Now here is what I am looking for to go short...
4) Being that price broke underneath Daily Support Level ($78.50) with candle closures on all the major TF's I watch; 4Hr, 1Hr and 30m I am compelled to enter Short from that level if we can get a retest and cover the high for stops...
5) Now if and when we can get the Tag SHORT then I will be targeting the next Major 4Hr support level around ($77.00) P. Barrel that we can easily catch a solid +2.5-3R % Gain depending on your management system...Also I need price to be trading underneath the Red V-wap as a cherry on the top confirmation...It's always better to trade in favor of the V-wap...IMO
6) We also have EQL's inside the 4Hr demand zone that need to be swept around ($77.55) which also gives me further confluence as to why OIL is getting ready to push lower prices Per Barrel and I want to capitalize on the move. Stay on point!!
****Remember nothing is set in stone, this is simply my narrative and prediction based on PA on the HTF's in which we all know is KING!!! That does not mean I am always rii... WE play the long-term game of probability...
Lets stay focused and disciplined no time to SLIP...
+2.5R % Gain this week....Claim it and be patient!!
#BHM500K #NewERA
Bullish Fibs Upmoves in Oil - Now, Needs to Defend 61.8% LineOil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the dynamics of the recent down move, I expect this 61.8% line to be challenged early on Sunday night / Monday with a break of 40-60 cents. If we can hold those level above and regain this 77.60 level, I do anticipate a big move to new highs in oil, ALL THE WAY UP TO 82.11.
CL Crude Oil WTI LONGMy bias all week has been for oil to trade to the PWH. So far, I've been given no trigger to get involved.
However, end of NY session saw H4 candle bullish closing disrespecting bearish arrays.
I want to see these levels respected as bullish arrays to then look for m15 bullish displacement long entry.
High Probable opportunity For The HOUSE to SHORT OIL...?NYMEX:CL1!
I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon...
Here is my reasoning why...!! Rock w/ me!
1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break past!
2) Price seems to just have swept the high of the 4Hr Supply Zone and continued to work its way back down as sellers were very aggressive towards the end of todays NY session...
***For a min. I thought buyers were targeting the 4Hr LSH and Mitigate the Daily Supply Zone above and create a new 4Hr High... However Sellers came in very very strong & took the market rii back down. Even the way PA is set up on the 1Hr TF indicates that the move up was manipulation for buyers to keep buying...(IMO)
3) Now here is what I am looking for to go short on the particular asset... We have a beautiful formed Doji/Indecision candle on both the 1Hr and 30m TF that I am very interested in shorting from...
4) Being that price broke and close underneath the Strong Psychological Level of $80/ P. Gallon on all the major TF I watch (4Hr, 1Hr & 30m) and PA is trading underneath the Red V-wap... That is all the confirmation I need to short from the 30m Supply zone created and covering the high..
5) What makes this trade even more HIGH PROBABLE is on the HTF, the 4Hr had a huge rejection candle to the upside where sellers denied the break of the 4Hr HIGH and pushed price back down and closed under $80/ P. Gallon level...
6) Being that we already received all of our confirmation to enter I am simply just waiting for the TAG... Let's be patient and be ready to manage as professionals if and when the market Tags us SHORT!!
****Remember nothing in the market is for certain, WE play the long-term game of high probabilities. This is simply my perception and outlook on this asset!
Now lets sit back N stalk like the Saltwater CROC!!
+2.5R % Gain this week! It's been spoken!!
#BHM500K #NewERA
CL right again, long againCL had a nice spike that returned it to its long trend. I see this continuing overnight and will use the new fib to find good targets and stops to place overnight trades.
Crude Oil Movement In Bearish Flag. Short long set up Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario
Take profit, better to put on the resistance line. Stop loss by lowest candle.
IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit!
Oil and stocks you can trade on this crypto exchange: bingx.com
CL 1hr chart small trend reversalsupport from two fibs and higher lows begin to show a trend reversal back to the daily trend
CL Crude Oil LONGCrude oil appears to be heading towards the PWH.
I would like to see the H4 chart pullback and respect discount bullish arrays to then hunt a m15 bullish displacement to get long.
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... ;)
CL hits daily fibCL is hitting new daily lows. Looking for it to get close to a large S/R on the daily and then move back up to the previous low
Short time view on crudeoil.On the weekly chart we can see a head and shoulder forming in crudeoil. Will it go below 6000, I am not sure. But for the time being technically there is a visible top at 6694 and one can bet on the short side with the top as stop loss. If the stop loss is hit take it easy and one can go short around 6750 with tight stop loss. 6400 PE with 15 March expiry can see some action. That's all for now folks.
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... ;)
CL WTI Crude Oil ShortMy weekly bias is for price to trade up to previous weeks highs, but Mondays price action has me leaning towards a pullback before we trade up mid/late week.
Today's candle was quite bearish, so I am looking for price to trade down to Monday's lows, and possibly trade into the untapped lows from several daily candles formed last week.
I want to see price trade into and respect a bearish premium array to trigger me to look for short entry on m5/m15.
CrudeOil
**CrudeOil:**
The price rised to the zone between 80.83 and 81.86 last week.
The price is expected to rise until the top of the channel, 82.00 / 82.30 zone before a new retracement.
OIL continue with the Uptrend ☝️On crude oil, it's nice to see a strong buying reaction at the price of 78.5.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The weekly point of control (POC), uptrend, and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Crude Oil WTI - Analysis (ICT)Simple analysis on the Monthly timeframes.
There is trendline liquidity residing above, which I believe is the next draw on price.
With that in mind, I noticed price react nicely off of a 5-Month FVG and Orderblock. With that in mind, I'm anticipating price using the current Sibi that it is in to become an iFVG. I would like to see a Monthly candle close above it and then use it or a created Bisi as support to trade higher.
Life is simple, don't complicate it.
- R2F
CL! | Crude Oil | InformativeNYMEX:CL1!
It has formed an Inverse Head and Shoulders pattern on the 4-hour chart. If it breaks above the bullish line around $79, we can expect a rise to $90 very soon. This expectation is supported by the PPI and CPI data, along with China reopening next week, which will likely push oil prices higher.
light crud oil wait for breck*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Wyckoff Accumulation Schematic for Oil Futures I personally don't think technical analysis is governing the prices but this textbook example of Wyckoff Accumulation Schematic suggests that oil contracts may be priced at around 185 USD, in like 1120 days :)
Counter argument to no rate cuts, Oil looking goodWe've been expecting #InterestRates to be cut.
Here's the counter argument to that...
Economy not slowing down. Bigs are getting bigger.
Labor market is tight. People are working 2 to 3 jobs.
Expected payroll raises in the near future.
Expected increase in prices by businesses.
Rent and housing prices are still rising, for the most part.
Oil is trending higher. The Middle East conflict adds to this.
