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Longcrude

Crude Oil Outlook - USD106 as major resistance 02 Apr 23 OPEC+ made a surprise announcement to reduce its production starting May. The direction of the commodities price is always about supply and demand. With the China opening, there will be an increase in the demand for crude. The reduction on its production will likely cause crude to trend much higher. Video explained why crude to break above USD106. 3 types of crude oil for trading: • Crude Oil Futures 0.01 per barrel = $10.00 Code: CL • E-mini Crude Oil Futures 0.025 per barrel = $12.50 Code QM • Micro WTI Crude Oil 0.01 per barrel = $1.00 Code: MCL Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:CL1!Long
by konhow
2
LONG CRUDE WHEN EVERYONE IS BEARISHGood Day Traders! Here's the trade idea and do let me know if you have any questions! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our CRUDE setup Rules: 1. LONG ONLY when price touched the white box. (Checked) 2. LONG ONLY when bullish candlestick formed in 4H/1D chart. 3. DO NOTHING when above #1 & #2 are not met. TP 1 : level near 28.00 TP 2 : level near 36.00 CL : closed below 15.00 RR > 5 Follow us Rule_no1 and get latest FREE updates ! "All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it." DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
TVC:USOILLong
by Rule_no1
2
LONG CRUDE WHEN EVERYONE IS BEARISH (UPDATED)Good Day Traders! Here's the trade idea and do let me know if you have any questions! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our CRUDE setup (updated following June futures contract) Rules: 1. LONG ONLY when price touched the white box. (Checked) 2. LONG ONLY when bullish candlestick formed in 4H/1D chart. (we are waiting for this) 3. DO NOTHING when above #1 & #2 are not met. TP 1 : level near 29.00 TP 2 : level near 34.00 CL : closed below 19.50 RR > 5 Follow us Rule_no1 and get latest FREE updates ! "All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it." DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
OLong
by Rule_no1
2
IF YOU MISSED LAST TIME, HERE COMES ANOTHER CHANCE - LONG CRUDEGood Day Traders! Congrats to those who made money following our calls! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com UPDATES: Crude oil is likely to break previous low. Please be patience and wait for level below 20.00. Enter ONLY when there is reversal signal. Short term will be closing the gap. TP 21.75. Long term TP will be level 23.00 or above. Please like and comment if you agree with us !!! Follow us Rule_no1: "Focus on the outcome, not the obstacles." Happy Trading :) DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
TVC:USOILLong
by Rule_no1
Believe it or not? Crude at 35 or less!Last week saw crude prices weaken much further. This was a double whammy from the COVID-19 going viral globally as well as the imminent oil producer spat, particularly between Middle Eastern producers and Russian producers. That was just the cake... the cherry is in the form of a PRICE WAR, and one that has just been declared! According to Bloomberg, the Saudis are so upset with the Russians that they announced a BIG OUTPUT HIKE , of over 10 million barrels a day, in an aggressive response to the collapse of the OPEC-Russian alliance. This move is going to wreck havoc in the markets and the mayhem should bring Crude prices to 35, or below! In the attached chart, crude had a committed bearish candlestick to close the week. This was perhaps in anticipation of a not so favorable outcome, and so it happens. Technically, with Fibo retracement projections, we may expect crude prices to be about 35 over the next two weeks. The OBV and MACD are already bearish, and points too further downslide. Now, when crude prices fall that low, some things begin to totally not make sense. Especially with an energy source this cheap, and a world eager to go on full steam at some point in the near future (once the COVID-19 issues are reined in. All it would then need is a trigger to spike oil prices to the moon. Let’s watch this closely as it pans out... and needless to say, I suppose we all know what to do, right?? Plan, Position, Profit
NYMEX:CL1!Short
by Auguraltrader
Oil RSI and Price healthy channelBulls should look to stay in their swing trade until we drop out of the green channel. Although we would expect consolidation soon, resistance is around $51. Look to take half off if RSI or price breaks the current trendline (GREEN) and decide whether or not you want to let the other half ride. Shorts should see entry points next week, but be cautious as a break of $52+ could mean the neckline break that bulls have been looking at for the last 6 months. Look to the weekly / monthly chart to see an absolutely spectacular pattern being played out. Volatility expected soon, but the trend is your friend.
FX:USOILLong
by Nezah
CRUDE LONG ::: RISK CALL :::CRUDE is expected to rise. It is a pure risk call. We are expecting a gap up opening and may be the target be cleared in a day or two. Our BUY call shall be from 32.18 with a SL @: 31.73 Tgt01: 33.70 Tgt02: 34.19 Tgt03: 35.72. Chances are bright that crude may even touch 36.57.We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILLong
by ajithchand-bhandaari
1