Stops popped at 59.84, we can either fail here and move back into range... A typical entry would be a LTF orderblock up here. More likely scenario is we keep moving higher into the 62 daily orderblock, as soon as it touches the red line i will be looking to short for a resumption of the downtrend.
The same idea. This one is looking nice, intact. Maybe we'll see 49,3 (sma50) and then finally break above the yellow line (54,5 aprox, and also sma100 at 53,7). IF this one touch 49,3 is a buying opportunity. The STOP is the same that I use weeks ago: 47,75 aprox... Buy this one, and get out at 73...
Just go long and forget it. This is not going down anymore. Acctually is going to sma200 days, that is, 75/77. Big bullish divergence, look at the 3 new lows with RSI going up... and the sentiment is also really low. I will only close this long if we close below the sma20, that is right now 47.75 aprox... but I dont think that's going to happend...
We were hoping for a CL break to the upside over the last two weeks but we got nothing. It's been chop city. We will be very cautious with trades to the downside. So we will sit on our hands with Crude and wait for something to setup.
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. either way i will be easing my way into a positions using the ETF UWTI which is priced very cheaply at 3$ a share. also a big shout out to @Ricker for showing me UWTI
There is a Pinbar formed on 1 Hour Candle of USOIL which is also at a confluence zone which is tempting me to have my 1st short entry of this week in this OIL / WTI / CL. My short starts from 52.50 with 100 pips SL and 200 pips as TP. The R:R is 1:2. I hope you can hop on the ride. Just remember to put your SL to break even after getting 1:1 R:R and trail your...
Last few days I'm getting couple of mails / PM's regarding my OIL prediction. I'm glad to see people likes my ideas which inspires me lot. Thanks for supporting me. Back to chart, as we can see in my previous chart, market couldn't reach my target and bounce back to the point as we're now. It is trying to create triple top as well as bullish rejection at the same...
Crude oil wti futures on approach from above to linear trend line from Dec 1998 to Nov Jan 2009 extended to present. Should see a bounce or stabilization at least. Need to re analyze as condtions in this market are NOT normal. Caution on the long side. Likely short covering. Activity slowing down upon approach. Over night likely to have the move.
CL 12-14: Light Sweet Crude Oil CL is forming strong bullish move during November 2014 off the weekly bottom being formed this week. Aggressive traders can go long on any pullback move to the critical black lines. If weekly bar closes above 81.16-20 zone, this will be great confirmation of starting uptrend at least during first two weeks of November before the...
Above i have drawn out my thoughts on time symmetry and bearish cycles in the Crude Oil market. Though in a long term bullish structure on the weekly and monthly, at the tops of these weekly bullish cycles, we see extended bearish cycles, or an "Unwinding" of long positions. We are currently in the process of another of these unwinding cycles. The Willy21MA13...