USOIL A HARMONIC CRAB FOR 100$HELLO FRIENDS
As i can see us oil is now trading near 67.00 $ i can see a strong horizontal Support Zone on Daily based and weekly based also we can see a bullish crap harmonic pattren with FIb retracement it can be a life changing trade we need patience time will decice
after theses over sold weeks on oil and wars are the world will boost the demand because wars r not based on EV, they need Crude also fundamental issues and tight supply with exceeding demand will boost the price charts always talk we always prefer 80% of technical
Friends our trade idea is based on very lower risk and big weekly rewards it's just a trade idea share Ur thoughts with us
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Crudeprice
Crude Oil Technical Analysis
Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and the 4-hour error upper rail of 88. Above, focus on the 89 integer mark. In terms of support, pay attention to the hourly lower track of 85.8, followed by yesterday's low support position of 84.6. For defensive support, look at the weekly MA5 moving average of 83.6. Overall, crude oil prices are rising slowly and gradually breaking through highs, but the span of increase is not large. The European market is tentatively set to fluctuate in the range of 87.5-85.8, and the market will continue to trend after subsequent breaks.
Crude oil trade analysis
WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark, finally closing down 0.14% at $79.99 per barrel.
Crude oil opened lower and fluctuated today, stabilizing at the 74.9 line. The daily chart shows that yesterday it fell first and then rose. The daily line included a negative cross star pattern with long upper and lower negative lines. Recently, oil prices have been fluctuating in the upper shadow line in the 74.0 area, further indicating that this level has reached a certain level of support. position, but it is difficult to open up the situation without breaking through the upper resistance level.
In the crude oil shock triangle, today's operation considers rebound short selling as the main strategy, and low and long strategies as the supplement. The top focus is on the resistance of 76.5-77.1 US dollars per barrel, and the bottom focus is on the support of 73.5-72.3 US dollars.
Crude Oil Continues to Fall6.15 Analysis of today's crude oil market trend:
Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The nearby shocks reversed to around 70.4 and were blocked and fell back. In the short term, the pattern of consolidation in a range remains unchanged. In terms of operation, it is good to continue to maintain this range of thinking and look for a position to sell high and buy low.
6.15 crude oil strategy: Crude oil rebounds at 69.4, defends at 70.2, looks at the line of 68-67, steps back more around 67, defends at 66.3, looks at around 69 (for reference only, the actual offer shall prevail)
Oil Trade AnalysisOil has reached an important price level, which will determine the trend for the following week (at the very least). From here I see only three possible scenarios, starting with the most likely one to occur.
1) Price pulls back from the resistance level, as I presume a lot of people will be shorting the high level of 25th October. Alternatively, it can consolidate in this area until all the shorts are absorbed. Then, it pierces through that level and blasts up. If you are breakout trader/investor, that would obviously be the moment to buy. I probably would wait for some pullback, just in case we see scenario 3, discussed below.
2) Price bounces off that resistance, consolidates for a bit and then drops down, in which case I am looking to open a short position. Pretty straightforward.
3) Fake-out, although most unlikely out of the three, still quite possible. A sudden spike up will trigger the stop losses of the short players and will invite the breakout traders to open their longs. A quick drop afterwards would kick the latter's stop losses and eventually you are left with a much smaller amount of participants in the move.
This is one of those levels where you don't necessarily set a limit order, but wait and see how price reacts.
Oil Long SetupOIL Long Setup
🔵 Entry Level: $80.60
🟢 Take Profit: $82.84 (2.8R)
⛔ Stop Loss: $79.80
Reasoning:
1) Apparently the two trades from yesterday failed and we went much lower than expected. The price is currently resting on the lower trendline of the ascending channel, so I am expecting a slight move up.
2) Target is set at the middle trendline in the ascending channel
CL, will it break the trading range down!!Hello traders,
What about Crude Oil Future!!
CL had taken an upward trend, after each level (A and B) CL consolidates it. Now it’s stable inside a trading range.
So we have the break down of the VWAP and support trend, If CL was capable to break the trading range down, we expect CL will decrease to rebound on level B.
Once it reaches level B we should wait weather it will break it up or down. To note that we insist on the need for a break of the trading range, if not we should wait new signals to know the new trend.
Thanks for reading this CL’s analysis.
I hope it helps you in your trades.
CRUDE OIL 1 MONTH VIEW, BIGGER PICTURE FOR BIG BEAR CYCLE?Other than the CM_Ult and CM_MacD, you can see candlestick pattern identification, to see when initial bull began, etc. Take a closer look and analyse.
Here is the pre-indicated active link for chart to trail it ~ enjoy~
www.tradingview.com
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
I TAKE REQUESTS TO CHART ANY MARKET WITH PRE-APPLIED INDICATORS IN ANY TIMEFRAME, JUST ASK AFTER HAVING DONE THE FOLLOWING;
~~~ IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE ~~~ Thankyou ~~~
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
USDWTI Daily. Being 2 steps ahead.Hello everyone. I hope it goes all well for You. I have been working this set up out this evening. Crude Oil seems to be struggling and is not giving us a wild rally eventhough we had two consecutive very bullish stockpile reports. The first one that came out on July the 6th has not endured the bears pressure and session closed much lower than the days high. Have a look Yourself and please share Your view at this idea with us! It may be a little bit too optimistic and too far ahead reaching, but what makes us successfull if not being endlessly positive about our own ideas? As You can see above we have a bullish butterly forming out in the space of the next several weeks. The trend has been respected as well as supply/demand levels along with fibonacci have been accomplished. I hope the idea is well explained. Should You have any questions, advises or even different, more sensible idea? Feel free to message me!
CL on a larger TF / Start of crucial two months for USOILThis shows what, in my opinion, CL might do in the next couple of months. CL will reveal its hand on the day of the OPEC meeting (whatever people think, OPEC WILL create a strong reaction). After that meeting, the candle we get is going to show many things. However, I believe movement after the meeting, into summer, will be much more interesting and violent. It will be very strong, giving us a new HOY or a new LOY. During these months, I will provide maps daily / weekly showing what I think will be happening on smaller TF's using primarily Andrews, Indis and PA.
A: If we manage to get above the 1y TL, in my opinion it will drift around it until the OPEC meeting. Then we might see a surge to the TL5, quite possibly will try to take it out. If price manage to get above it, I believe new HOY will appear. If the OPEC candle will be anything like November, it is more than likely.
B: If we don't retake the 1y TL2, might retest the low (and TL3) around 44.60, which would on a bigger TF make a double bottom of sort. Then surge into OPEC meeting and the decision in the blue cluster.
Looking a bit further ahead, at July, that cluster (blue circle) might be very interesting, and a likely target for consolidation before the most important move in 2017 (after all the geopolitical nonsense and OPEC). If that TL5 isn't taken out with the OPEC candle, it might provide the roof for price and a consolidation zone.
crude oil optimal price arrangementsSoon we have two possible action on crude oil on this week arroung the price of 55,15:
1) More possibly "a shooting star" appears getting bearish action toward 46,00 which would be a bottom or reversal price for bulls again. Bulls on crude oil during the summer is favorable for OPEC countries.
2)Less possibly crude oil price stays above 55,15 in daily candles and bullish action continues. i think this is less possible because any price above 55,00 during spring-summer time is not sustainable.
BULLISH TRIDENTWeakening in the short-term, stronger in the long-run.
In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern.
The crude oil market continues oversupplied just three weeks after the OPEC meeting where members countries agree to reduce production by 1.2 million barrels per day in January 2017 subject to a commitment from Russia to cut production. Since then, it appears that Saudi Arabia and Russia continue producing at records levels whilst US inventories continue being a hot indicator for traders and investors. On Tuesday, December 19, the American Petroleum Institute’s (API) weekly report indicated a substantial draw in the US crude oil commercial stock levels. Today the U.S. Energy Information Administration (EIA) on its weekly petroleum report surprises the market with an increase of 2.25 million barrels.
Regardless of the inventory level, the market seems to seek an upward trend. However, different indicators suggest a short trade with the crude oil weakening to levels close to the moving average where triple tops test a relevant price level. In the long-term, we see crude oil price to bounce back and resume the channel drew by the trident.
BULLISH TRIDENTWeakening in the short-term, stronger in the long-run.
In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern.
The crude oil market continues oversupplied just three weeks after the OPEC meeting where members countries agree to reduce production by 1.2 million barrels per day in January 2017 subject to a commitment from Russia to cut production. Since then, it appears that Saudi Arabia and Russia continue producing at records levels whilst US inventories continue being a hot indicator for traders and investors. On Tuesday, December 19, the American Petroleum Institute’s (API) weekly report indicated a substantial draw in the US crude oil commercial stock levels. Today the U.S. Energy Information Administration (EIA) on its weekly petroleum report surprises the market with an increase of 2.25 million barrels.
Regardless of the inventory level, the market seems to seek an upward trend. However, different indicators suggest a short trade with the crude oil weakening to levels close to the moving average where triple tops test a relevant price level. In the long-term, we see crude oil price to bounce back and resume the channel drew by the trident.
Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next?Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next?
B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from this crude journey.
What Next- Trading Strategy
Could be a start of the downside move from 52$ High & going below 42$ recent low -likely to continue down-which shall be a trading opportunity, but before that there will small upside push from last week's trading closed at
Crude from 43$ to 52$- Amazing -Later I took this as WXY pattern as it evolved