Energies
Crude Oil Weeky key reversal bar indicator for reversal 73.70Crude oil weekly key reversal bar, made a new low closed towards high, 67.40-66.50 is 61.8% & 79.0% fib level, expecting retracement to this level for taking long position. stop loss below key reversal bar low i.e. 65.20, target: 73.70. if price breaks below the key reversal bar with increasing volume then next buying level is 64.30.
GOLD XAUUSD ROBBERY PLAN TO MAKE MONEYMy Dear Robbers / Traders,
This is our master plan to Heist of GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned 2 plans with target in the chart Please look at the chart before entry, Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous area market is overbought / Oversold / Consolidation / Fundamental news occur / Strong Pullback happens at the level. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of Powerful dynamic levels whether Buy or sell, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
NGAS - SHORT SCENARIOLast week, fuel inventories in storage rose by 95 billion cubic feet (bcf), surpassing analyst forecasts. Gas futures initially dropped but rebounded by the end of the week. The market expects increased cooling demand in the coming weeks as summer temperatures rise. Gas futures on the Henry Hub are heading for their best month since August. However, the storage build exceeded last year's levels and the five-year average. Total gas in underground storage in the US is significantly higher than last year and the five-year average.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Natural Gas Is Looking For Lower SupportNatural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree.
Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv" triangle pattern that can take it lower for wave "v" of 5 of (C) towards 1.6 - 1.5 area before it finds the bottom.
SELL NATURALGASGood morning traders!
Haven't posted in a while since I took my time to teach the new guy I started working with, I'm sharing with you today my trade on NATURALGAS which is a short one.
Sell and set TP and SL at your own risk!
For more questions don't hesitate to ask!
Recap of my trade on NATURALGAS Good afternoon and good evening dear traders!
Congrats for those who could ride the down trend on the NATURALGAS for today. I posted in the morning an analysis where I said to sell NATURALGAS, as you can see it went down for 4% and that was a good profit for the beginning of the week, my customers and I could touch 5000$.
We closed after we got a squeeze of sellers and gathered our profit.
For more questions don't hesitate to ask and I'll be answering with pleasure!
SELL CL1!Good morning CRUDE OIL traders!
I'm sharing with you again my trade on CRUDE OIL this morning, as you can see on the chart there's a breakout of the channel the price was consolidating at all the past hours.
TP and SL set them at your own risk.
In case you got any question don't hesitate to ask!
USOIL is bleeding into support!Oil appears to be selling into some key parallel channels and also forming bullish divergences. With China reopening on the horizon and the SPR at record lows I believe we should be bullish on oil. This is a medium term opinion, yet this trade could offer up a nice midterm set up as we are getting higher highs and higher lows.
Nat Gas looking oddly similar to BTC chart before a deep declineI am not saying this will happen, in fact I am personally bullish at the moment based on a number of factors. (For more on why I am bullish check out my channel for my nat gas trade)
I thought it was worth mentioning that BTC price action over the past few years is lining up very similarly to the price action of nat gas over the past year. Based on this vague information I am still bullish, but as I explain in my other post I will be bearish as we approach a particular zone. That is when I will pull this chart back up and compare the direction between the two prices.
Just something interesting to watch over the next few months!
Natural Gas Chart looking interestingIt is safe to say that NG has been bleed out recently, and is looking very oversold. I am watching closely here for a long position. Momentum looks like it may shift bullish soon.
Oil favoring the downside... Crude is rounding out right at key levels of resistance and it is looking like a short as the price is breaking short term bullish structure to the downside. Key targets are shown by the circles noted on the chart.
-bearish divergence on multiple timeframes
-multiple resistance levels in play
I have personally been scaling into a short position as we have been approaching the various levels of resistance (so I am biased).
Looking to get long againMy previous crude oil long worked out well on the recent pump, and is retracing as expected. I believe we will see a continued fall into the red parallel line. This will be only the second time the crude price has hit this anchor line of this parallel channel. The odds of a bounce reaction are high. There are levels slightly lower that also have me interested such as the GP and green support zone. Along with the TA we can also see that the momentum oscillators are diverging bullish at the time of writing.
I plan to go long at the red line, possibly add if we hit GP.
Good luck y'all.
Oil nearing a macro level of support!Crude oil is honing in on a massive level of support that IMO, should not be taken lightly. With multiple high level trend lines all crossing in an important zone of confluence, I believe this could be tradable if we get a confirmed technical swing failure above the Sept. lows. We are also closing in on the 200 SMA.
Also important to add that we are down $18 (19%) since the 7th of Nov., that is a huge move to the downside in a short amount of time.
Here are some nearby targets and LT targets:
ST Targets: 79.60, 83, 86.35-87 (local GP)
LT targets: 93.65, 97.45, 104.75-106.35 (macro GP)
Good luck!
Natural Gas will rally, at least a little bit! 5-15% min.Economic Reasons:
- Natural Gas Nord Stream Sabotage
- Hurricane heading to US
Reasons for a trend reversal:
- Price is heading for a macro uptrend
- Key zone of support and liquidity
- 0.786 retracement from Aug. highs and Sept. lows ($6.33)
- Almost over sold on RSI and MACD on the daily chart. (it is over sold on lower timeframes)
- Bullish divergence on the RSI and MACD for the 4 hr. chart.
Take Profits:
$7.12 (Highest Probability) -- 12% profit
$7.45 -- 17.6% Profit
$8.11 -- 27.6% Profit
$8.60 (Most Likely Top) -- 36% Profit
$9.22 -- 46% Profit
Bearish after rally:
- Completion of the right shoulder of a head and shoulders pattern.
- Break neckline and return to $3.5-4.5's
Possible short on CrudeI successfully road the recent rally from the lows ($76-78) for a nice trade and I am looking to fully exist the rest of my position and also start a short position around $83-83.2.
A few reasons:
- We are approaching the .5 fib retracement of the local high and low
- We are about to hit the major uptrend that started back in 2020 (a rejection here will confirm the breakdown of a multiyear uptrend, this is significant.)
- There is a bearish continuation pattern printing on the 2 hr. chart.
- There is a bearish divergence forming on the 1-2 hr. charts.
I do not plan to go heavy on the short until I see how the price reacts at the key level. Just a nibble as it hits $83...
Goodluck!
Crude Oil Update: Going long.Just an update on my post from yesterday. I am planning on taking a long in the green box. This is a bit riskier trade than I normally like to take, but I think it will yield well. Possible add just below entry at 80.5. (this is a key level of a descending parallel channel)