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Crudeoilshort

USOIL 61.19 - 1.94 * PRICE ACTION & STRUCTURE CONT. PTTNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CRUDE/ USOIL . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILShort
by PULEMokhothu
Oil Short SetupOil Short Setup 🔵 Entry: $58.73 🟢 TP & RR: $53.73 (2.91) ⛔ Stop Loss: $60.45 REASONS FOR THE TRADE ✔️ Reaching a strong resistance level ✔️ Market Flow Indicator seriously overbought ✔️ Ascending channel upper trendline resistance ✔️ 1.618 Fibonacci Level (although not plotted on the chart as it becomes a bit clustered) 📝 Stop Loss is above the $59-$60 resistance level, although if you want a more relaxed trade you may move the SL higher to about $61. The confluence of the three factors above makes me believe that the price is due for a pullback if not even trend reversion. I will be monitoring the entry level mentioned above and may open the position prematurely if I see that the price is getting ready to take a dive down.
TVC:USOILShort
by Quant_
2
Nice setup to short Crude oil falling channel 🛢️📉NYMEX:CL1! is trading now in long-term supply area ( resistance). After estabilished triple top price pattern we could see trading NYMEX:CL1! in falling channel.On hourly timeframe its clear downtrend and price forming hanging man pattern. After breakdown diagonal trendline price is testing it, its perfect setup to short entry. here is data for my trade: ------------------------Trade setup --------------------------- Entry: 52.62 Stop Loss: 52.92 Profit target: 51.54 Time stop: MOC ( Market on Close) ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYMEX:CL1!Short
by Tomasgei
1
Upward channel on SCO: Short Crude Oil at TopHi mates, i posting another of my todays trades. Its based od triple top on in my another idea posted few days ago. Its in realated. here is data for my swingtrade: ------------------------Trade setup --------------------------- Entry: 9.98 Stop Loss: 9,82 Profit target: 10,62 Time stop: 3 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
AMEX:SCOLong
by Tomasgei
2
Oil Lower High Formation - Short TradeOil Lower High - Short Order Entry: $53.55 TP & RR: $51.05 (2.38) Stop Loss: $54.60 REASONS FOR THE TRADE Oil has entered into a bit of a range recently, but the formation of the lower high on Friday makes me think that we are about to see another lower high, which should then form a lower low. This is where we will be looking to take profit. The Stop Loss is set well above the highest high, so if we are to break that level, then we have clear invalidation of the setup. So, pay attention to the price action around this area, and should it break it, feel free to close the trade prematurely. The wide SL is purely for decreasing the position size, as I don't want us to lose a full 1% on a trade without a clear signal from my indicators.
TVC:USOILShort
by Quant_
CRUDE OIL TECHNICAL ANALYSIS, BULLISH VIEW. Since the beginning of January there has been a strong bullish momentum, reaching almost a price of 54.00. Looking at the 1h Chart we can see how a double top has formed and buyers failed to break above previous high. Market is currently in a correction phase, a good buy opportunity can be at the retest of support level: 51.50 otherwise if the price manages to get below support i would wait and see if the 4h/1D bullish trend line gets respected and look for the formation of new higher highs and higher lows to enter for a buy. Safe sells are set only if the strong bullish trend line breaks.
OLong
by Luke220600
Oil Descending Channel - Short TradeOil Descending Channel - Short Position Entry: $53.16 TP & RR: $51.61 (2.77) Stop Loss: $53.72 REASONS FOR THE TRADE Similarly to my previous trade idea about SPX500 from today, I am placing an alert at $53 and I will be patiently waiting to see how price action develops. You never know what's been going on in the traders' and investors' heads over the weekend, so we want to see the volume and a 1h close around that level before opening a position. I believe we are now in a downtrend channel, which should bring more balance to that longer-than-expected move up. My entry is quite high and we very much may miss it, so I have highlighted the upper trendline as an entry-level suggestion. Any position around that level with a SL place reasonably high should provide a good trade setup. Ultimately, I am expecting that we reach the $49 level (bigger trendline) before we move up again. Let me know what you think in the comment section below.
TVC:USOILShort
by Quant_
Oil Ready For a ReversalConsidering it's Friday today, I decided to post a general analysis on Oil as opposed to a specific entry-target-stop loss idea as I usually do. I refrain from keeping positions over the weekend as a lot can happen and I don't want to be overexposed. So, if it's not a setup that I feel very confident about, I rarely open trades on Friday. With that being said, here's what I am expecting to happen and I will continue to analyze over the weekend. As most of us have noticed already, the bulls seem to be a bit exhausted from this move up and I am expecting that soon the demand for oil will decrease. As a result, we should see the bears taking control of the situation and push the price down. On a daily chart, we are reaching the overbought level, while on the 4h chart we are about to print a divergence (following my indicator Market Flow for this analysis). I am expecting one last push up until we reach the next strong resistance (from a psychological and technical standpoint) of $55. Before we take a dive, I believe that price may go slightly above that level so that the Stop Losses are triggered and provide liquidity for the big players' short positions. I see two other possible scenarios, although I wouldn't bet my money on them at this moment: 1) Oil breaks down from this ascending channel prematurely and starts a downtrend or starts ranging; 2) Price reaches the resistance level, makes a small pullback, and prepares to penetrate that level. If that is the case I believe we can see quite a big move up. How do you guys see the situation? Let me know what you think in the comment section below.
TVC:USOILShort
by Quant_
4
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NYMEX:CL1!Short
by IngenuityTrading