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Crudeshort

Crude oil coming closer to Strong supply zonesCrude Oil has been in counter uptrend since june 21st 2017 and will reach a strong supply zone around $50 to $52. I am expecting a reversal from there in 1-2 weeks from today. After the market opens on monday, the crude oil is expected to trade above $47.70 for a few days till it come closer to $50. As it comes closer to $50 expect sellers to step in, and slowly supply will exceed the demand. And as supply get stronger from $50 to $52 a reversal of trend is expected.
TVC:USOILShort
by SunnyPawar
4
CL - Crude with three potential targetsThis is a wild ride, but we are not unhappy don't we ;-) The prior LT chart gave us a great indication about the fall. A closer looks reveal that the drop from above is the logical swing that markets do. Targets? Well, we have a couple of them as you see on the chart. See the circles? One at the A/R-Shift, and two other ones at the different centerlnes. First I even expect a pullback, since markets swing. The yellow, thin down sloping mini Forks centerline is key! If price jumps above it, we can expect a bigger pullback. If price just test/retest it, then another entry is praying to be taken. So, let's be patient, ride the grumpy bear and see if we can load up some. P!
NYMEX:CL1!Short
by Tr8dingN3rd
3
Expecting drop in Crude Oil (Elliott Wave Analysis)Crude Oil seems to be moving in an 3 Wave corrective structure. Hence I expect it to achieve atleast T1 : 53.30 if further downside is seem then it can drop till T2 : 51.80 Even lower levels uptill 50.80 are possible but that is something we can only talk about later on. From a positional perspective this market is a buy on dips as I believe much more upside remains, positional traders should wait for the 3 Wave completion and then add on to there longs. I will update further as this market progresses.
TVC:USOILShort
by NeeravYadav
2
Is Crude Oil Gonna fall Short term Eliiott Wave AnalysisFrom the low of 47 it seems that the Oil market has reversed, atleast for the short term. As of now it looks like the 3rd leg up is complete, however the placement of the double bracketed 5 is certainly questionable. Therefore I'm discussing setups for both directions, please keep in mind that the analysis is for short term. If this market goes below the black trendline and retests is as a resistance then most certainly Crude will go down till the region of 50 - 49.30. On the other hand if this market breaks the recent high then it can achieve T1 51.20 T2 : 51.50 I will update further as this market proceeds
TVC:USOILShort
by NeeravYadav
CL - Crude Oil probably prepping for a diveThe real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to support Crude prices... My thinking goes like this: It's not a organisation who makes the market - It's the market, humans who tell what they are willing to pay. And if the crowd is not willing to pay more for crude, then nobody in the world can stop price from going lower and lower. It's just my simple thinking and in the years I walk on our bowl, the rules of live worked out very well. If not, it was me who did not follow it... Back to the chart. The past weeks produced a coil - energy is loading up. IMO it will explode to the south - but who knows - maybe something will happen and then people are willing to pay more and my thoughts are history. Yes, no crystal bowl, just putting together the puzzles and hope the picture is what it's showing. As for now, I see price will reach the centerline - either the white or even the blue one. But first there shall be a break of the support (blue line). Then I hope for price to come back to pick me up for the ride. But this is probably wishful thinking here, because of the loading on energy which could expand very explosive. Hunt mode on... P!
NYMEX:CLJ2017Short
by Tr8dingN3rd
OIL SHORT: Commercial hedging at multi-year highsCommercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100. Hedgers are locking in current prices as they believe they are extremely attractive in the medium term. Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze. WTI may have set in a near-term top and, although we could see $60 tested in the next few months, oil will continue to be pressured to the downside. A stronger dollar, questions about OPEC compliance and weak global growth are all fundamental forces which support this view.
FX:USOILShort
by Exercise-Discipline
Wti Crude can go down till 40$, worst case scenario 32$Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I'm taking that as the Secondary Count. The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see lower levels of atleast 40$ and can even go down till 32$ to complete the Wave C. T1 : 40 T2 : 36 T3 : 32 Only if the price gives a small impulsive looking 5 Wave move up and then consolidates then it could be the likely case that the Wave C is actually a Wave 2 and then only we will consider the Secondary Count. Invalidation Stop : 49 (However we will have to trace the waves to see for a more tighter stop.)
TVC:USOILShort
by NeeravYadav
4
CRUDE SHORTCRUDE is expected to SINK now. The reason why we feel CRUDE may SINK. * To Rise and come near 35.89 TO 34.72 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SHORT call shall be from SHORT @ :37.24, SL: 37.58, TGT 01:36.28, TGT 02: 35.89, TGT 03: 34.72. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. It is not a recommendation neither a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILShort
by ajithchand-bhandaari