oil, cl, day trading for Sep 25 thThe move has been short balanced and and looks like further down is in play so will be looking for a up move to short. Will be talking the 56.65 area
CL-OIL
oil, cl, day trading for Sep 23rdoil has been in a large consolidation for the last 4 sessions and is not showing much direction. I will be looking to long from bottom of red zone and short from red zone top. I will keep doing this until we break from this zone, and when we break a good sized move to a few of the shown targets is very probable.
oil, cl, day trading for Sep 19thbig 2 point consolidation. I will be trading this range until it breaks. so long and short inside and with direction when it breaks. Very simple plan today
oil, cl, day trading for Sep 18thOil has had a good sized moves off the big spike up and is now right on top of the upper side of the prior distribution, a drop into this lower distribution should see oil back trading in the same range it was for the last couple weeks. A bounce off this range could see us form a new larger distribution 58 to 63 range.
Today will be watching close for impulsive moves that I can grab a follow through move from.
Join my day trade room for live signals or I do my best to update here around the time of the trade.
oil, cl, day trading for Sep 16thMassive opening move and then very controlled low energy follow through so will be looking at the range created to give action clues. I will be looking to trade the red range and then more of a trend trade after the range is broke. targets are on the chart in blue. Orange lines are past major support and resistance.
oil, cl, day trading for Sep 13thoil is doing a inside day thing inside almost same posted range as yesterday so look for a break out but will keep trading small range inside until the break happens. Balanced with no directional bias.
oil, cl, day trading for Sep 12thOil has had a decent sized down move and looks like it wants to keep going. Will look for down triggers, impulsive moves and red zone break. Also will look for a move up to 55.35 area for a short., Will stop looking for shorts if we move above 56.20.
oil, cl, day trading for Sep 11thVery interesting oil action that could lead to a higher level with 2 important red zones. We have the most current action and a bigger accumulation and distribution giving a well defined trading range and a very distinctive break out zone. Do not expect I will doing much until inventory report is out and then see if oil can break out of the outside red zone, Breaking out or not will control how I react at that time.
oil, cl, day trading for Sep 10thThe current action is not a balanced move and is not happy at this current price so i expect a break out, the red zone will help me decide what way it is likely to run. So either we run in a tight consolidation or we break out and will sit back and let market picks its side and then find a trade that takes advantage of that info. The POW triggers on our screen share will help a lot to pick the trade.
oil, cl, day trading for Sep 9thso far a tight range and in a small up move that is well balanced so looking to a smaller range of action today and will play the consolidation of the red zone. Real direction for me will come come in till 56.70 or 52.23 are violated. This means long from lows and shorts from highs until we break this zone.
oil, cl, day trading for Sep 6thThe recent move in oil is down back into the middle area of a month long range, I think after a bounce back to red zone top then we could see a move back to range bottom. Back above Red top yesterdays high is possible. I will be watching Red zone close and we may just have a choppy day in oil.
oil, cl, day trading for Sep 5thafter a strong up move we are consolidating in a bullish 1 point range that could be the range of action for the day. The oil inventory numbers come out today so will be interesting what happens after that news. Will be looking to trade the consolidation today and only if it breaks will my bias change to the side it breaks out of.
oil, cl, day trading for Sep 4ththe move up has now stretch with low participation and probably could see a retracement before the up move continues. Will be watch the big red zone for consolidation trading, and will stick with that plan until a confirmed break out of this boundary. If a break out happens will then look for the upper or lower targets.
oil, cl, day trading Sep 3The down move has very little consensus and will need to find it new level, so will be watching a intermediate range of 53.57 to 54.12 and using this for direction for day scalps today and then more of a confirmed direction if above 54.80 and below 52.96
cl, oil, day trading for Aug 30thOil keeps squeezing into a sideways range and will break out at some point but until it does it looks very content at these price levels. So I will be trading it bottom up and top down until it picks a side. The red boundary is 2 things it is chop zone and target zone. wish there was more I could say but it is not that exciting just trade what it presents.
oil, cl, day trading for Aug 29thAfter oils up move it remains balanced in a big flag and I will be looking for bottom of range longs and top of range shorts, and will form no directional opinion until this range of 55.25 to 56.75 breaks.
cl, oil, day trading for Aug 27thThe session so far has been very balanced and is inside yesterday, so I will be looking for a sideways action to trade until we can move outside yesterday's action. the line drawn are containing that action and will give clues to the intraday scalping trades, if we break out will provide targets at that point.
will look for a move down to 54 and then be trying to get long up to 54.75, as my primary plan, and will revise this plan if this idea does not work out.
cl, oil, day trades for Aug 26thoil is either moving back into its prior distribution above 55.21 and if so will target 56.17 however if we move below 54.4 then a stronger lower distribution is going to form that will have a range to as low as 53.20
oil, cl, day trading for Aug 23rdoil trade very orderly until the tweet(did not check assuming tweet, but does not matter same effect) drop early this AM. and now we have a interesting situation. 1) we can retrace a little and keep moving down, I will be watching my Red zone. 2) that like other times we retrace the entire move back to location at time of tweet. Again watching close my red zone and also watching to see if we get back into yesterday distribution for directional clues.
oil, cl, day trading for Aug 22ndOil is in a big range between 55.20 and 56.50 and has no real direction until it breaks free of this area. however a move below 56 could see a nice trade down to the lower boundary. there is not much meat on the bone for the long side until it breaks out of this range or revisits the bottom of the range
cl, oil, day trading for Aug 21stOil has moved up into a very balanced distribution and is now looking to resolve one way or the other. This 45 tick range will most likely not contain oil prices today and will provide a good breaking trade opportunity. will watch for a impulsive move and trade the follow up to that break with trail stop tightening near marked targets.
oil, cl, day trading Aug 19thuntil oil clears the Red zone looks like will be looking for longs from red zone bottom and short from red zone top. and will get directional after a firm break out and test to either higher or lower.
cl, oil, day trading for Aug 16thoil looks to be very balanced and is getting ready for a good sized breakout, I do not think the break out happens today but the outside blue boundaries, if broken will change my mind if a move out side this range is held. So today I will be looking for a range bound day with two possible trades. 1) short from top of blue zone and long from bottom of blue zone and 2) a 50 rick break above the top of the red zone and a 50 tick break below the bottom of the red zone.
