Oiltrading
Thursday Trouble Crude OilWe are nearing the end of the week and have had some nice movement heading lower..
I have marked out the Previous Day Wick ( PD Wick ) If price is to retrace today for NY this is where I would expect it to stop and head lower / consolidate at least.
The Draw on Price are bellow :
Daily +OB
Daily EQL'S
DAILY FVG
Crude Oil BIAS - Monday So Friday Crude showed its hand to us and what it was really wanting to do.
Sell side hit and with that a large Daily Displacement.
We could expect a smaller range day today and with that said I am looking for short term BSL to be taken before to carry on to the sell side of the chart.
I have two targets marked out clearly for this weeks initial draw on liquidity and the BIAS.
Thursday Crude Oil ForecastYesterday we saw a nice rally creating a Daily +OB which I have annotated.
If price is to respect the 4hr FVG we will see price go higher to the marked target.
I am bullish today however to expect some form of retracement after such a move is understandable for the market to make.
Bullish is the motive.
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders,
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July 15 WTI crude oil trading strategy
July 15 WTI crude oil trading strategy
I give several safe trading areas:
Sell:
83.5-83.7 (I sold at this price last week and made a big profit. I will continue to try to sell here this week)
84.2-84.55 (suitable for selling, sl84.8)
Buy:
81.5-81.6 (scalping profit)
81.-81.2 (sl 80.68)
79.95-81.2 (can hold and get more than 80-160pips profit)
Trading according to these indicators can make you a safe profit.
If you use my signal to make a profit. Please join me and give me a thumbs up
Decoding USOil TrendsHello traders,
Here, I aim to decipher the trends of USOIL across all timeframes.
On the weekly chart, a cup & handle pattern is evident, with $84 serving as the pivotal price. A clear breakout on the daily timeframe could signal a bullish stance for USOIL.
First target: $94
Second target: $109
Stop-loss: Close below $72 on a daily basis.
I'll keep you updated as the situation evolves.
Best of luck
WTI Crude oil trading strategy on July 12
WTI Crude oil trading strategy on July 12
I give several safe trading areas:
sell:
83.6-84 (scalping. Small profits are enough)
84.3-84.55 (suitable for selling, sl84.8)
buy:
81.6-81.8
80.9-81.2
Trading according to these indicators will allow you to make safe profits.
If you make a profit using my signals. Please join me and give me a thumbs up
Slow Monday? Crude OilSo we took some Daily BSL last week on Friday and since we have sold off slowly.
NWOG gapped down and this indicates for at least today some sort of Raid or hunt to also touch a PD array thats near to a discount.
We have no major news catalyst today and that brings slow PA although it may travel its not ideal for scalpers. ( Lots of back and forth )
Wednesday and Thursday have crucial Crude Oil news events and these will be the optimum days to trade.
For Today I am bearish until we reach these targets and or a htf Market structure shift.
Be prepared to stay dynamic.
75: Decline in Oil Tankers to China Signals Weaker DemandThe number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022.
Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs around $90. This movement suggests bullish momentum as the market reacts to shifting demand dynamics.
Bearish Scenario: If oil prices fail to maintain momentum and drop below the recent low, we could see a trend reversal. Key support to watch is around $60, where buyers might step in again.
Bullish Scenario: If oil prices break above $90, we could target $100 as the next major resistance level. Sustained bullish momentum would be necessary for this upward move, potentially driven by improving economic indicators or geopolitical factors.
NFP FrYday Crude OilMy ultimate target for this week is the BSL marked with a magnet.
The main internal Liquidity I am looking at is marked with arrows.
Which ones get taken first near or at NFP is very important for the intra day BIAS
And I will be watching this.
Mainly Tape reading today, I have no interest in Engaging in the market
Oil Prices Climb on Inventory DrawdownOil prices edged higher on July 3rd, 2024, buoyed by signs of a significant decline in U.S. crude oil stockpiles. Brent crude, the benchmark for international oil prices, for September settlement rose 0.1% to $86.34 a barrel by 10:21 AM in London. Meanwhile, West Texas Intermediate (WTI), the U.S. oil benchmark for August delivery, inched up to $82.88 a barrel.
This price increase comes amidst a wider risk-on sentiment in the global financial markets. Equity markets, including the S&P 500, have been reaching record highs, and this optimism appears to be spilling over into the oil market.
Inventory Drawdown: A Cause for Optimism
The primary driver behind the oil price increase is a report from the American Petroleum Institute (API) indicating a substantial drawdown in U.S. crude oil inventories. According to sources familiar with the data, crude inventories fell by a significant 9.2 million barrels last week. If confirmed by the official figures released by the Energy Information Administration (EIA) later this week, this would mark the largest single-week decline in stockpiles since January 2024.
A decline in stockpiles indicates a tightening of supply, which can lead to higher prices. This is because crude oil is a fungible commodity, meaning a barrel of oil from one source is generally equivalent to a barrel from another. So, if stockpiles decline in the United States, it can impact global supply and drive prices up.
Geopolitical Tensions and Summer Driving Season Lend Support
Apart from the inventory drawdown, several other factors are contributing to the current oil price rally. Geopolitical tensions remain elevated around the world, particularly in the Middle East. The ongoing war between Israel and Hezbollah, along with potential upcoming elections in France and the UK, are keeping investors on edge. Disruptions to oil supplies from these regions could significantly impact prices.
Summer is typically a season of increased demand for gasoline due to vacation travel. While the API report also indicated a decline in gasoline stockpiles, concerns linger about weak U.S. gasoline demand, which could temper the current price uptick.
Looking Ahead: Factors to Consider
The oil market remains susceptible to several factors that could influence prices in the coming weeks and months. Here are some key elements to keep an eye on:
• Confirmation of API Inventory Data: Official confirmation from the EIA regarding the inventory drawdown will be crucial. If the data is validated, it will solidify the current bullish sentiment in the market.
• Global Economic Growth: The health of the global economy, particularly major oil-consuming countries like China, will significantly impact demand. A strong global economic recovery will likely lead to higher oil demand and consequently, higher prices.
• The Upcoming Hurricane Season: The Atlantic hurricane season officially began on June 1st, 2024. If major hurricanes disrupt oil production facilities or shipping routes in the Gulf of Mexico, it could lead to price spikes.
• Geopolitical Developments: Any escalation of geopolitical tensions in major oil-producing regions like the Middle East could lead to supply disruptions and price increases.
Overall, the recent oil price increase is a result of a confluence of factors, including a potential decline in U.S. crude oil inventories, a risk-on sentiment in the financial markets, and ongoing geopolitical tensions. While some headwinds exist, such as concerns about weak U.S. gasoline demand, the near-term outlook for oil prices appears cautiously optimistic.
In conclusion, the oil market is currently in a state of flux. While several factors currently support higher prices, the path forward remains uncertain. Close monitoring of inventory data, global economic indicators, geopolitical developments, and the Atlantic hurricane season will be crucial for understanding how oil prices will behave in the coming months.
Crude Oil "Triangle Pattern" Target 7100 and "Wolf Wave Target"A "Triangle Pattern" has formed in Crude Oil and Downtrend has "Breakout". So market is Bullish Trend. And the Target is Triangle's Top Trendline at INR 7100. Additionally, Expect a Breakout of the Triangle Pattern.
Don't miss the "Wolf Wave Target" Opportunity. If Breakout the Triangle Pattern, then the Next 2nd Target is Wolf Wave. Refer to the below image for Wolf Wave Target Achieved in Ethereum.
Guess 3rd Target ???
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
This time it is a decline. The gold price will test around 2300
MCX:GOLD1! COMEX:GC1! OANDA:XAUUSD NYMEX:WTI1! BINANCE:BTCUSDT BYBIT:BTCUSDT.P TVC:DXY NYMEX:MCL1!
I believe many people still don't know how to trade gold. In fact, in terms of operation. The short-term pressure position of gold, 2332-2338, has always been a heavy pressure position. It is not difficult to see from the chart that the pressure is very high. Observe the overall trend. At present, gold is still showing a downward trend, and every sharp rise is based on major news. So what if there is no news support? We need to judge based on the trend and then make the right transaction. I think the gold price will continue to fall today. The current position is around 2330. It is a good selling point. I think the space below will test the low again. If you like to trade gold but don’t analyze the market or trade independently. You can refer to my instructions.
This is just a signal. If you want to expand profits or recover losses in a long-term and stable manner. Join the guidance class. You will have different gains.
Stay tuned.
Turbo Tuesday's So we are heavily bullish and in this scenario I like to see a retracement around NY that will enable me to start looking for my entry model that will Target the BSL that is marked.
Pretty simple today...
I have a 1hr fvg that I would like to be respected meaning 1hr candle closes above the discount of the FVG.
If before NY we take out the BSL marked I will update here..
Oil Set to Re-test $82.71 Amidst Market ConsolidationOil prices are currently in a consolidation phase and are expected to test the $82.71 level by the London session.
This price action suggests a continuation of the uptrend. For those already in the market, it's advisable to seek sell opportunities in line with your trading strategy. For instance, if you trade using Supply and Demand principles, identify supply zones towards $82.71.
Once the market tests this zone and it holds, look for buy signals as confirmation of the continuing uptrend.
Oil recently hit a fresh two-month high, driven by mounting geopolitical risks in Europe and the Middle East, as well as the threat of a hurricane in the Caribbean. With these factors in play, a significant drop in prices is unlikely.
Therefore, it's crucial to monitor for sell setups towards this re-test zone and then prepare to capitalize on the anticipated upward momentum. There is potential to capture substantial moves towards the upside.