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Oil(wti)

Oil(wti)

oil, cl, day trading for Jan 7th Oil had a strong pop and now is moved back into a prior range and I feel will need to work this area to find the buyers and seller and who is more determined. watch Red zone for this answer and small trades as long as inside the red balancing zone.

CL, OIL,day trading for Jan 6th Oil has had a very big up move and looks like it could be attempting to find a big balance range, this is why such a big Red zone today. This give lots of inside red zone trades and without any news could be the area we trade in for some time. Now a break of this Red zone could be providing lots on information towards oils next moves so will be watching with great interest.

oil, cl, day trading for Jan 3rd There we got our big push that had to happen at some point now we have basically two red zones with good possible movement inside the bigger red zone for decent trades. 1) 64.10 - 32.73 2)63.67 - 63.21 there are some mathematical upper targets and then some prior down side targets, will watch so see if we are going back to yesterday prior range or pushing new short term highs, action reaction will be primary.

cl, oil, day trading for Jan 2st 2020 The action in oil is small range inside and balanced with little directional bias. With a bigger down side directional action inside a bigger consolidation. This means I remain in a back and forth mode until the first blue line targets are violated. And a small directional bias when the red zone is violated, but remain looking for a long bottom of Red and short top of Red until more direction is established.

45Min) USOIL harmonic continuation Bigger picture Bearish shark pattern

Long

by UnknownUnicorn3827973

cl, oil trading for Dec 31st For the last trading day of 2019 not looking for a lot to happen, and as long as oil remains above 60.50. I remain bullish on oil however for daytrading we have a 60.50 and 61.50 range that could be just back and forth.

Updated

oil, cl, day trading for Dec 27th After one more step up oil balances again, watch red zone and if they break will work for nest upper or lower target. Bias is long but could be getting a bit extended in the short term.

oil, cl, trading for Dec 26th today I am not expecting a lot from oil, so be ready for me to be proven wrong, the red zone has smaller targets if it break. If no break will just trade oil back and forth.

USOIL ANALYSIS Price is about to bounce (or breack). that's why we must go to the lower TF and wait for more confirmation. H4 TF : Show wedge pattern. The plan is to trade the pullback after a strong breckout _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. _________________________________________________________________________________________________________________________________________ Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support!

Updated

cl, oil, day trading for Dec 20th Oil is still working on this balance zone and I will trade the sloshing bath tub water until it breaks out. There is not a lot else to say at this point

cl, oil, day trading for Dec 19th Oil is again range bound with a smaller range and then a bigger one ( first blue lines- important) the range trading remains valid until the first blue boundaries are broke. and the red zone will pick the side i bias towards.

XLE with Clean Breakout from 10-month Channel $XLE Perfect 5-point channel from February with clean breakout. RSI breaking out. Could possibly see quick throwback to 60.40 (trend line retest & test of horizontal support), which would be a solid long entry from an RR standpoint $XOP #oil $CL $WTI

cl, oil, day trading for Dec 18th After hitting the first higher target yesterday and then pausing the up move, Oil is now testing range just above prior distribution. The important level to watch today is Red zone low, if we go below I would expect us to find balance in the 60 area. In the event we remain above the red zone low then a revisit of the highs and even to next target is most probable.

oil, cl, day trading for Dec 17th Oil keeps pushing to the up side and has a nice possible bullish formation, so will be watching a break to the red zone for direction from here. a move back into yesterdays pricing should see a fast move to 60. A trade is there based on the red zone break.

Updated

USOIL - How much higher?!OIl has been pushing price up steadily for the past weeks. Will price go higher or can price come back down? We'll be monitoring price in our circled area

by TheTradingDistrict

oil, cl, day trading for Dec 16th oil has been moving up and working in a smaller balance near the current price highs, I will be looking for long trades as long as red zone bottom holds. A few top side short term targets are marked off screen above. If red bottom breaks then would expect we go back to prior distribution around 59

oil, cl, day trading for Dec 13th (Friday)Oil had that breakout of the range as I expected was coming soon and now the important level is if we hang out above this prior level top or move back down inside the prior range. This is the area we are testing as of this writing and is also the level I will be looking to trade long off of. It is a good level due to the defined risk reward levels.

cl, oil, day trading for Dec 12th Everything I said yesterday still applies today so look at link below

oil, cl, day trading for Dec 11th Oil is trading inside yesterday and is in a tight consolidation. I will be looking for a decent sized move out of this range and today oil report could be the trigger. My plan is simple watch the red zone for a break and trade small and inside until the break happens.

USOIL - Price dropping soon?How much higher will we go? Price has printed a rising wedge pattern indicating exhaustion in the market. We will be waiting for a break of trend with corrective structure to the downside.

Short

by TheTradingDistrict

cl, oil, day trading for Dec 10th Oil is trading in about a 1 point range and this can be a good back and forth day trade, and if oil does not break the red zone then back and forth is my game plan. Will watch action at red top and bottom and will look for failure at each side for a reversing entry.

USOIL - WTI- SHORT SELL I think this is what is going to happen. Feel free to leave your thoughts on oil :)

Short

by robertitoenriquez

cl, oil, day trading for Dec 9th oil has been drifting down and I think we will see a pop back up and if this is right will watch the 58.85 area for rejection if we keep going up then the point the bulls take back over is 59.30 and this I thinks takes us to 59.90. The second idea is the open is a drop of the small test to 58.85 and then we make a move to 57.80. so will be watching to see if either of these ideas will play out and when I think they will is where I take my trade.

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