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Crudeoilforecast

Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.95 🟢 Take Profit: $79.49 (2.22) ⛔ Stop Loss: $84.51 Reasoning: 1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point. 2) I am also expecting a divergence to form somewhere around the entry level. 3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.
CAPITALCOM:OIL_CRUDEShort
by Quant_
Oil Long SetupOil Long Setup - 3 Levels 🔵 Entry Level: $82.89 🟢 Take Profit: $85.29 (2.26) ⛔ Stop Loss: $81.83 🔵 Entry Level: $81.21 🟢 Take Profit: $84.35 (3.78) ⛔ Stop Loss: $80.38 🔵 Entry Level: $80.31 🟢 Take Profit: $82.83 (3.27) ⛔ Stop Loss: $79.54 Reasons: 1) I've marked the three levels of interest that I have for opening long orders. I will be monitoring each one BEFORE opening a trade, so I don't have them set as limit orders yet. 2) For Level 1 I would like to see a double bottom forming. If it doesn't I am inclined to set a limit for Level 2. 3) I am certainly setting a limit order for Level 3 if I see the other two levels fail, since that diagonal trend line in the ascending channel so far has been well respected. If it doesn't hold up, I will be looking for opening shorts only.
CAPITALCOM:OIL_CRUDELong
by Quant_
Oil Short SetupOIL Short Setup 🔵 Entry Level: $84.72 🟢 Take Profit: $80.03 (3.58R) ⛔ Stop Loss: $86.03 Reasons: - I'm expecting the price to bounce off the first level (marked for a long position) and continue trending up until it reaches the upper trendline again. - So far the price has been respecting this ascending channel - I am not taking the long position, but I've marked it so that I have more confidence in my short if the price does behave in the above-described way
CAPITALCOM:OIL_CRUDEShort
by Quant_
Wednesday: Crude Oil - Week 19It definitely looks like a big complex regular flat is in play. We have made a 3-wave corrective structure, so I'm looking for price-action to break the top 1 more time and then drop. I'm looking for the drop because of how the structure is developing, and the divergence in MACD and volume, which is indicating buyer-weakness. I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy