CL, OIL, Day trading for June 18thToday looks like a tight consolidation day to me and will will be watching to see if any break outs, if now will be trading the marked areas as a range trade day, if I even trade oil today
CL-OIL
CL, OIL day trades June 27thToday we are looking long on a sustained break over 59.30 for a target of 59.60 and 60.80, will look for a move above and a retrace to 59.30 for the long or an impulse move up. a failure to get above this level will bring us back into a range trade concept.
CL, Oil day trades for June 26thAfter the API report oil popped up one more time, and then balanced overnight so will look for the continuation to the up side. however will NOT be in the market at 10:30 during today's inventory report. the range I will be look to see if it breaks either way is 59.20 and 58.65 much smaller range than normal.
CL, OIL, day trading for June 25thGood sized trading range for today and until it breaks this range I will focus on the range style of trade. 58.22 and 57
Oil, CL day trade ideas for June 14thLooks at this point oil will trade in a tight mall range, if we break this range will post extended targets when I see what the day is bringing. The range to start looks to me to be 58.50 and 57.60, with a tiny extended range of 59.00 and 57.40. The plan will be to trade this range short from tops and long from bottoms and will trade continuations if we break outside this small range.
Oil, CL day trades june 20ththe opening range I am looking for is 55.25 and 55.95, any action in this range will be looked upon as neutral. A break above will create long trades to targets of 56.30 and 57.65, top target may not be a day trade. A break below this zone will bring on short ideas taking us down to 54.60 and 54.
The idea is in the range look to trade long from bottom and short from top, if we go above look for proper setups for long trades and the same for short trades, below the zone.
oil, CL day trading June 19thSimple concept today, range trading as long as we remain above 53.50 and below 54.50, any break above will post targets if that happens, and a break below target 52.00
CL, Oil day trades ideas for June 14thToday will be looking for a long trade on a move back down to 51.70 area or the support base made in the early hours of trade. the up side first level target will be 52.75, however at this level will be watching for a break above that I hope to be able to still be holding part of the long trade. Will most likely be avoiding any shorts today unless after a good sized up move we get a impulse down I can react to.
CL OIL day trading june 13thToday looks like a good day for range trades or long, will look for longs on a opening drive down to 52.60 with targets of 53 and 53.40. A move below 52.08 that holds will look for shorts down to 51.82 and 51
CL, Oil day trades June 12thToday's back and forth range could be 51.20 to 52.50 with most of the traffic around 51.75, So the trade plan will be to look for longs from bottom and shorts from top, and in the event we move out of this range then will watch mostly for longs above this level targeting 53.50, and a break below will have a target of 50.50
oil, CL, day trading for June 11thToday will keep it real simple, will be looking at the 53.08 to 54.58 as teh trading range and looking for shorts from top to the hash line as target and same from the bottom long. This idea will be revised in the event we break this range.
cl oil day trading June 6thtoday's trading range of 51.50 to 52.50 is not giving much more info to today's trades other than further down is most likely in a bit bigger picture. above 52.50 will be looking for resistance at 53 area and below 51.50 will be looking to retest yesterday low.
So Today my idea is to be range trading in the range and then look to be holding long from range bottom in the event of a up side break and holding short from the range top in the event of a down side break. In the range its self will be protecting gains at range top and range bottom
oil, CL day trades for May 31This could be a good day for trading oil even if we consolidate due to the possible large consolidation range of about 1 point. so that will be primary focus until the over or under line gets violated. In the event we move out of this range will update with targets and ideas at that point. other wise will be keeping it very simple and looking for reactive triggers to trade off of.
cl oil day trades may 30Today oil is not giving me much info to create from so will be watching 58.56 for a bounce and 59.48 for rejection. Moves out of this range will have me stalking continuation action. will keep you posted
strong frist-step for bear ! foucsing on forming reversal singalPut the eyes on first B-C wave
it must be deeply enough to recoginzed long-term bear-side
i would continue short if B-C wave beyond 2 dollar (66.60-64.60)
USDCAD long term trendRise in USDCAD is long term trend. If a global deflation slow down hits and oil falls, then USDCAD is a long term long. $USDCAD #USDCAD
12.07.2018 CL Friday trading planDay - Down
Vol - Down
Vol range - Up
Trading plan - SELL after breakout
Battleground area reached. Grind = continuation For a long you'll need 1) Violent Flush or 2) 24-48hrs of angle smoothening and base formation. No trade on any other option.
CL Futures approaching areas of support - possible shortPersonal thoughts on the possible direction of the Dec 18 CL contract.
Buy oil they said you will be rich!LIELooks like ocmpleted elliot wave with bear divergence
68.92
66 first target
50
Oil/WTI calendar spread sets up againThis trade location is approaching again and it again could be a great trade. However i am liking the opposite trade more now due to the rising prices in oil. So the short could be a nice fast scalp but the trade I will focus on, as long as oil is seeking higher values, is a long of the bottom of this upper range.
OIL'S BULLS AND BEARS AND THEIR TECHNICALS POINTS!Hello traders, i hope you are having an excellent trading week let's see the technicals of oil.
First of all i want to reminde you an article i have written a long time ago which was saying that sooner or later the bullish fundamentals of Oil would take control and that exactly what happened after all(I have attached this article below.)
So after a short correction rally to the upside let's see what the technicals have to say.
TECHNICALS OBSERVATIONS
1.We can notice the long-term blue descending channel and the short-term red ascending channel.
2.RSI looks bullish as we are above 50 at 60 level which implies that we have space for some upward momentum.
3.The 200EMA is flat and the price is above the EMA which favors the longs trade.
4.We have also the Ichimoku cloud,trend line and 200EMA as a support with bullish signs.
5.We can see also the support and resistance areas with the black dotted lines.Next resitance level is 52-52,30 where the price is now and after this is 54-55 level.Next support to the downside is 49-49,20 level.
THANK YOU FOR SUPPORT!
HAPPY TRADING!
KEEP FOLLOWING FOR MORE PROFITS!
