cl, oil, day trading for Mar 13th 2020Today we are in a very big consolidation, and inside that have to be thinking back and forth so as oil moves up to red zone and or the first blue target I will be looking to short oil, this can be a day trade or a longer time hold, however much over first upper blue target the bear maybe dead and oil could take off so play safe if a swing trade. and always when a day trade.
Also in the event a move down to red bottom will attempt a scalp back to red high.
Oilfutures
cl, oil, day trading for Mar 11th 2020Oil did what i mentioned yesterday and chopped inside a small range, now that range has expanded and looks like will still be choppy. Choppy until some real news is my thinking. when it break a few fast points will come in on either side of the balancing zone.
So today will look for longs near red bottom and shorts near red top.
oil, cl, day trading for Mar 10th 2020Oil could be moving into a multi day smaller range consolidation so watch for a day of tight smaller moves. On the other hand if it breaks the consolidation a good sized larger move could easily happen so do not get caught thinking you know what will happen in oil. Play the action and the reactions. right now we are finding support that is decent around 32 and is an area I will be stalking for longs bounces to top of range.
oil, cl, day trading for Mar 4th 2020Today not even going to talk direction or targets, we are inside the red zone consolidation until we are not, and when we are not that is very important information. So i will be looking for trades using the sloshing of the market until one end of the tub over flows.
wti, oil, cl, day trading for Mar 3rd 2020Well oil has bounced up some and needs to show us it wants to go higher before getting long today. The range for the day is plenty large enough for good R/R trading from the red highs and lows, but watch for impulsive action near these levels. My gut ( for what it is worth) says oil will move higher , but always be ready for the down side test as it looks for those long term buyers.
cl, oil, day trading for Feb 28th 2020Today will tell a interesting oil tale on where oil wants to go, so will be watch the red zone for my first clues. Has been a wild week and we could stall for a chop today but be ready to respond to a big reaction.
We are still under the short line from yesterday so still leaning short.
oil, cl, day trading for Feb 26th 2020oil is finding new lows it has not seen in a very long time and for now will not post any lower targets below the ones on the chart, however look out below if the blue lines do not hold.
Will be seeing if the up side can gain any strength today on inventory numbers at 10:30
cl, oil, day trading for Feb 21st 2020Oil has been moving down back into the top of the prior multi day range and this red bottom is an important level to watch to know if the buyers step in or just let it go back into that prior consolidation. For today at least oil is giving a look that the up move is tired and does not want to push much higher.
So I will be looking for smaller choppier trades or a break down into lower areas. I do keep my mind open to being wrong and am always ready to go long in this situation if the buyers show up and push hard to the up side.
cl, oil, day trading for Feb 19th 2020 watch today my es charts are on April and usoil on TV does not look to be on the same expiry period.
Yesterday has a fantastic accumulation and unless we can move back into the prior distribution oil looks like it wants to go higher. The early session high (red top) will be the clue as to if this happens today.. Move down I think would get back into some choppy stuff.
oi, cl, day trading for Feb 14th 2020Today we test the top side of the big range mentioned yesterday, so we are at a very important level, a level that will help show the going forward path. A solid rejections probably takes us down to range bottom, not saying in one day. And now a break above with buying will have a move to 53 and then we see if consolidates or keeps going.
cl, oil, day trading for Feb 13th 2020 we are in a big range and will widen the red zone to the outside of this consolidation and until we move out of this range will look for small trends inside the big range, and no clear direction until this clears this zone. That said the down side looks the most likely in the big picture.
Crude Flat in Asia After Dominant US Session YesterdayHeadlines:
- Crude flat during Asian session after dominant US session yesterday
- Reports showing huge build in Coronavirus cases as revision is made
- Asian Equities fall as traders weigh risk of virus
- UK to go green as Johnson pushes for bans on Petrol & Diesel cars
cl, oil, day trading for Feb 12th 2020oil is off to a bullish start heading for the top of the big range I have mentioned a few times. The first targets are close to the current action to see if oil can push past where some selling is likely to happen. This is either a look for buyers and in that cause we find them or we do not. If they are found a good sized up move could be coming and top of range of 52 is very possible. and if the buyers do not jump on board then a rejection back into the prior days range is my second trade idea.
oil, cl, day trading for Feb 11th 2020Oil is in the same positions as yesterday so will link that post, however oil staying below 51 I say keeps us only trading the bottom part of the range. And a move above 51 takes us tot eh top of the range close to 51.50. I will not get to bullish on oil anytime soon.
cl, oil, day trading for Feb 10th 2020today the early session is setting up my boundaries very well, I do however have a light red zone for short at 49.8, and this could take s right past red low to the prior range bottom. In the event we break that low I then will look for targets, until then i have no values lower.
Oil is and has been trading in a larger range from 49.5 to 51.90 and until this is cleared i expect we stay put and if this info remains correct then I think early on today will set up a in range long side trade.