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Cl!

oil, cl, day trading for Aug 9thlate into the overnight oil had a nice rise and is finding some volume at these levels so will look for further long if we remain above 52.91, we do have some resistance to watch out for on this long trade at 53.36 and 53.75 and above these levels the longs should have control heading into next week. A move down below 52.91 should see a test of the current lower levels, not sure all the way to the 50.54 but if it did then would start looking back to 45 area. So starting idea for me will be to look long as long as we remain above the level mentioned.
FX:USOIL
by alleytrader
cl, oil, day trading for July 30thAfter the regular market closed oil took on a strong rally and moved into the top part of a big range, I would expect ( has started as of this typing) a pull back to 57.10 or 56.77 area and this will be a spot I will be looking for a long trade idea to take us back and test 57.56 and then a big upper limit of 58.30. failing to hold the 56.58 area will take us back into the bottom of the big range and will most likely give a choppy short trade back to mid 55's
FX:USOIL
by alleytrader
oil, cl, day trading for July 26thOil is trading each day into a tighter and tighter balance area and will break out soon. Will not trade the break out idea until it happens so will look today at trading more of the same. the smaller range marked in Red is the small picture balance zone and a move above is still inside bigger balance but could give a nice long trade to targets marked. This goes for moves below the red bottom line. If oil remains inside this zone will trade long from all supports and short from all Resistance until out of this balancing act.
FX:USOIL
by alleytrader
Short Setup Fully Explained on WTI CRUDE OIL by ThinkingAntsOkTake this as an idea to develop your own setup Main Items we see on the 4HS CHART: A)Price made a Flag pattern suported by the daily descending trendline B)Flag patterns are considered continuation structures C)The first breakout of the Flag pattern we think was a fake out to catch short entries with a tight stop D)Now the price is making a pullback to the broken Flag pattern, we think this is a clear scenario for a short setup + The daily trendline working as resistance E) We can see a Head and Shoulders formation, on a key reversal zone F) Our Entry and Stop are positioned on what we consider are the most secure zones to open and close the trade in case doesn't goes as expected G) Our Take profit is above the support zone and we will Break Even on the neckline of the Head and Shoulders pattern. DAILY VIEW
TVC:USOILShort
by ThinkingAntsOk