CFDs on Brent Crude Oil
After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring...
CRUDE OIL spot price to average in a range $75<$85 WTI CRUDE OIL FUTURES in backwardation hint at declining Oil prices.
As expected previously, Crude Oil prices did a spike higher (blow off top) and in the past week started a mean reversion, a really mean mean reversion. Expecting support to be about 93 where the daily 55EMA is met, and also possible to spike down below 90 this week, or early next week. Support ranges are marked out in yellow boxes. While this is some relief, at...
G'day, Traders! Despite wars and rumors of wars there are always opportunities to be had in the financial markets, particularly the Energies markets. The purpose of today's trade example is to demonstrate that once a level of Supply and Demand are created in the financial markets, the rule of thumb is that a level is "good" until they are not... that is, until ...
Granted we are nearing all time highs for oil after being -$40 2 years ago... perhaps it's a rouse to shift attention away from alternative energies which are approximately 80% off their highs, a trap and longterm consolidation could bring this oil game straight down. Nearterm the future is uncertain, but how much can you trust something that went -$40 2 years...
When Technicals coincide with Fundamentals you get the biggest moves. We continue to see bullish fundamentals and bullish technicals on Crude Oil so in this video I share my favorite way to trade Crude Oil. I start with a daily chart and use the 20 day moving average and Anchored VWAP. The 20 day ma helps me identify how strong the trend is. In 2022 Crude Oil...
1D - PSAR Flipped Negative 1D - Decreased sell volume 4H - Lower Lows formed 4H - Price crossed under 50 MA 1H - Bearish Divergences (RSI, Stoch, CCI, ADP) 1H - Price crossed over 50 MA Expecting retest of weekly trendline and hit .618 Fib at $101
In this update we review the recent price action in Crude Oil and identify the next high probability trade locations and price objectives to target.
I study the market structure not the news; technically speaking this impulse can end in 191 price levels.
Crude oil Futures (CL) (March 2022) Welcome back I have been speculating on oil for just over a year, but it appears things are only just now getting interesting. First major targets I see on the horizon: $44/barrel to $60/barrel In January 2022 I posted a chart update that ended up being very very wrong, I wish that I had gone back to the original idea I was...
Despite the fact that the head is a bit bludgeoned, there is a very large bearish head and shoulders below $106.50 — potential target down at $82.50... Interesting technical setup, not sure if the fundamentals will supersede the technicals or vice versa. Bullish oil is catastrophic for the US economy, and it would make sense for this pattern to fail. Time will tell.
NYMEX:CL1! Oil Markets Are Looking to keep moving to the upside. Doesn't look like the OPEC and other Oil Wranglers are interested in increasing supply to cover their loses from the COVID-19 lockdowns.
Ladies and gentlemen, due to the price jump and the emergence of Squeeze, we expect the price to go down if the price of 95 is breached Crude has dropped to $106, but is holding strong at this level. News of the potential for peace in Ukraine has already lifted stocks this morning, and will put further pressure on oil which has already retraced from highs nearing...
Adding to a prior short now scaling-in to maximize position size. Oil is about the lone remaining holdout of all the commodities primarily due to current supply/production issues. I expect this will not last forever. The macro theme is deflation at the moment, and on top of that the pattern is setting up for a nice drop. Could we still move higher, of course,...
Today I would like to introduce you all to process of analysis step by step instruments with usage of Options Toolkit Suite. I wrote in my earlier posts what edge can give us data obtained from Options Market. So now let's jump into details and have step-by-step detailed guide. Firstly we need chart layout split to 3, as on three different timeframes we will...
This chart shows the price of Crude Oil (CL1!) over the last few years. It is a daily chart and we're going to use it as an example to show you how to quickly measure the time and price change of any asset. Today, major news came out of the Middle East about a conflict that involves the US, Iran, and Iraq. The news had oil spiking higher. However, when you zoom...
Crude Oil . First we have to break the blue curve then there is support at the green box and then the resistance at the red box. If we break below the green box then to the thick orange line. Eventually to the very bottom. Lot of ifs. Let see.