DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy LONG Crude Oil (CL) My COT strategy has me on alert for long trades in CL if we get a confirmed bullish change of trend on...
An example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move. To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share. Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel =...
**"Crude Oil Slips: Third Consecutive Week Of Losses Amid Mounting Bearish Pressure"** On Friday, August 30th, front-month crude futures sharply dropped before paring losses. OPEC+ is reportedly leaning toward an output increase in October. Our algorithm issued a daily chart sell alert on July 22, 2024, followed by a weekly chart sell alert on August 12. A break...
You cannot predict the future, but you can prepare for it. This is even more true for crude oil prices. Forces driving and pulling back oil prices are in full play in parallel at the same time. Oil prices remain at the risk to both the upside and the downside concurrently. Take this week as an example. WTI prices started with a rally extending a three-day...
If my move doesnt happen off of the newest demand zone I will be looking in this zone for entry. Trade smart yall! Remember risk managment is the most important aspect of your trading journey. Keep a cool head if you lose, and especially if you win!
Been a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many...
If you haven`t bought CL before the breakout: Now analyzing the options chain and the chart patterns of Options Ahead of Earnings prior to the earnings report this week, I would consider purchasing the 100usd strike price Calls with an expiration date of 2024-11-15, for a premium of approximately $3.45. If these options prove to be profitable prior to the...
Analysis of a CL sell trade using the ICT strategy
Today 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!
Buy oil stocks as described in the analysis provided and follow the steps specified in Stop Loss and Take Profit
Reasons for bullish bias: - The price has broken consolidation on weekly - Playing simple DOW theory Here are the recommended trading levels: Entry Level(CMP): 88.77 Stop Loss Level: 82.43 Take Profit Level 1: 95.11 Take Profit Level 2: Open
Breakout was a success and we saw $80s for a good moment there. Plenty of time to have taken any profit on any positions I had. The pullback in between also happened according to the bar chart. Let’s see if the rest of my pattern can make its way through into a plummet for late May.
Welp.... say it ain't so... do what you want of course... I have this target by June 1st of this year. Refer to 22' Top.
If you haven`t bought the dip on CL: Then analyzing the options chain and the chart patterns of CL Colgate-Palmolive Company prior to the earnings report this week, I would consider purchasing the 90usd strike price Calls with an expiration date of 2024-4-26, for a premium of approximately $0.80. If these options prove to be profitable prior to the earnings...
After yesterday’s sharp drop, crude oil prices extended their losses first thing this morning, before bouncing off their lows. Oil was already under pressure on fears about demand following the weaker Chinese industrial data that was released on Tuesday and the larger crude build in the US as was reported by API on Tuesday. But prices fell about 3% after official...
Watch as Oil attempts a Breakout. Careful as jt effects inflation
NYMEX: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.
Oil had a very strong daily close on Tuesday, and appears to be heading for the highs of the weekly range. My Draw on Liquidity is Tuesday's high, as well as 79.09 and 79.36. I am hunting a long setup. I would like to see H4 candles closing with rejection wicks into the H4 bullish FVG's. A close of this nature will authorize me to hunt m15 long entries.