Cl!
i am waiting to sell on 41.00$ put your sellimit and buylimit ,but up + trend expected
AC indicator (accelerator) in 240 min is very very important on oil and gold
CL (LONG)Possible PULLBACK on the yellow SUPPORT.
If the candle breaks it and closes below it, CLOSE the position.
USOIL: Likely a top by now...The same pattern is visible in $DXY and all major pairs, as well as in $SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC.
I would assume oil will go back down, retracing at least half of the surge from $0...
Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade pairs that are correlated to oil like $USDCAD and $USDNOK, or $USDMXN, or simply shorting some energy stocks.
Keep an eye on it here, if the high holds, it's likely to fall from here for a while.
Cheers,
Ivan Labrie.
Oil - running over 200 pips.....Strategy works on all instruments.
Lovely buy on oil, running over +200 pips.
Lets see where this goes, could be a big one but we will now wait for TP2 - to make risk free and/or close on opposite signal.
Regards
Darren
CL: Crude Oil Forming a Reversal Top?Crude Oil reversed from its highs of last week near $40.7, almost closing the gap. The chart rallied up to its 50% retracement level ($40.7) of the recent major decline and is now pointing downward. Possible next retracement levels are: 78.6% ($35.39), 61.8% ($31.14), and 50% level at $28.7. MACD is forming a top; RSI is pointing downward.
Fundamentals are bearish: Supply cuts have been confirmed by OPEC+ last week, but only through July, which is a short-term measure. Inventories showed a build of 5.7 Mb for the week of June 5 (EIA report). Lack of demand is a major concern to investors, although production is slowing down. Supply is still ahead of demand.
Waiting for a correction on Crude Oil by ThinkingAntsOkMain items we can see on the chart
a) The price has moved in a huge impulse movement
b) Since that we didn't have any significant correction of the whole impulse
c) Based on the Numerous zones the price has been braking, now we are looking for a consolidation
d) The consolidation should correct the whole impulse since the Bottom in April
e) An excellent spot to expect a correction is the current ascending trendline
CL prediction for the coming hour For intraday investment, we expect that the CL could be in an upward trend for the next hour, Signs assure that, especially the new high volume in comparison to previous ones.
What we will wait for is this increasement and a new red volume that confirms sellers are taking control again, so taht we can sell and take profits.
FALL IN PRICE COMING - GET IT AT THE BOTTOM - CL1! - 30MN - OILThanks for your likes and shares! Much appreciated!
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Primary and secondary supports, primary and secondary resistances. The market price has been touching several times some points giving us hints on the speed of the uptrend movement. Slowing down now where the quick and slower support lines are crossing . Coupled with high volumes , at the end of the last session, the market price failed to break up . Now it is down to a crucial point where if going down further from Monday, we could see a nice fall in price.
The suggestion would be to wait until it finished its fall and get it at the bottom for a nice long direction profitable trade. Decrease your position as the market is going up. Start big.
Oil 6/4/20The last fifth wave in the larger fifth wave of larger wave with A or 1. I predict the oil will reach the previous top by $1.5 which is good for day trader. I make invest strategy on long side until price touch the top or around it. stoploss at $35.85
Oil Rises in Asia as Hopes of Cuts Assists in PushOil prices within the Asian session today have pushed above the $38 handle for a brief moment as increasing optimism surrounding production cuts by OPEC+ members have spurred increased levels of buying during the day.
Markets pushed well higher throughout the day as hopes of these cuts along with production data released during last night’s US session assisted in today’s positive sentiment within the market..........
