Taking advantage of market analysis in micro oilClearly we saw less strength in the bearish trend and we focused on market analysis to be able to take advantage of a long and be able to make a small profit on the MCL FUTURES.Long07:06by ecastillo2492Published 1
Looking for some trades10.27.23 7:30 am In this video I run down a list of markets including the dollar, the es, oil, gold. I ran out of time on this video.... but you want to look at the oil chart on a daily chart and a 4-Hour chart because it had good triggers at the top and the bottom of the range which was over two points which is more than $2,000. I am okay with the ES as a short but generally I'm not a big fan of shorting on a market that's so oversold... but this is a market that just looks like it has more to a downside you have to be careful of buyers stepping in and taking out break out sellers. One of the reasons I look at range boxes... is because bullish markets like gold transition to bullish-ranging markets... and that helps me find my trade location, my risk, and my reward with more clarity than looking at this without the range box. it would be easy to look at gold as a bullish market... but it is safer to look at it as a bullish- ranging market.20:01by ScottBogatinPublished 7
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;) Longby sepehrqanbariPublished 3
MCL1 Current POC 83.61 trending towards 84.22 on the 30min chart. Downtrend to interject, watch that point. If breaks through and 84.22 becomes support we could climb to 85.33 by mid day Friday. If 83.61 doesnt hold on the 30 min upward trendlin it could drop to 83 and another point of interest for buyers to step in or sellers pile on and start the descent to 79.35 by awg74Published 0
Crude Oil - Correction? Or Change in Trend?The December Crude oil contract has endured a precipitous drop in the past three trading sessions - falling nearly $7 per barrel. Is this just a correction? Are we in the midst of a trend change? The Bullish Case: Crude gapped higher on Monday, October 9th, following the start of the conflict between Hammas and Israel, and the geopolitical risk surrounding the situation served as a bullish catalyst for the crude oil contracts. A primary reason for the rally was anticipated escalation in the conflict, which has yet to materialize - causing the rally to stall. However, the risk of escalation still remains. Third party involvement from other nations or interest groups has the propensity to push crude oil prices even higher than the initial rally following the onset of the conflict. The Bearish Case: The winter months are typically not very kind to crude oil prices. Demand for crude oil wanes as consumers are usually more sedentary during the winter months. The seasonal chart below displays the 5, 10, and 15 year average tendencies for the December Crude Oil contract. Over each of those periods, crude oil prices trended lower from mid-October through November. If escalation does not materialize, it is likely that crude oil will continue to move lower. How Will We Know? In order to keep the uptrend intact, December crude oil will have to defend its recent low around $80/bbl. A turn higher ahead of that point will be a strong indication that crude will buck seasonal tendencies and continue higher. A failure to defend $80/bbl likely indicates that prices will continue to move lower. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_FuturesPublished 1
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)Longby sepehrqanbariPublished 6
Crude Oil Crude Oil Can Give Further Fall Till 7010 and 6930 Levels If it breaks the trendline decisively i am sharing my view, This is not an recommendation.. Shortby narangsantosh87Published 5
Oil2.25.23 This is probably a good video to look at... not just because it's oil and oil does the kinds of things that happen here... but it's about how the market really has to set up for trades before you take a trade... and it would have been very easy to get in trouble with this market even if you have small stops... because it was probably going to hit your stop if you were a buyer or a seller. The market simply wasn't at the level it needed to be until it had one more bear flag which is the right trade location for a long trade. This would have been over a $2,000 trade if you had waited for the market to come down to the support area and then take the trade. I would guess most beginning traders don't really think about how important it is to not just only figure out the stop... but also the realistic target. The only way you could have had a $2,600 target and a very small stop in a setup like this is to have a very precise support area and then the distance for the market to take it to the sellers. If you're good at trade location and reversal patterns this will tremendously change how you determine trade location add work out the stop and the target. 20:00by ScottBogatinPublished 5
WTI Crude Oil1- We all know that due to aftermath of the terror attack on Israel Crude Oil started going up reaching $90.00. It came back to $83.00 and it seems $83.00 is the market fair price, as of now. 2- However, as Europe and America going to into Winter mood price may go up. We all remember, that Ukraine - Russian war last year, created a lot of problem for European countries. 3- Additionally, Russia and OPEC countries, specifically Saudi Arabia keep reducing their production to control the price and they have been successful. 4- On the other hand, European countries and China economy is slowing down do to inflation control and interest raise, may counter some of these pushes for higher price. 5- Volume shows that there is a big desire to buy at $83.00 and sell in short term and $86.00 and long term sell $89.00. But nevertheless, Considering all of these catalysts, it will most likely the price will go up to hit $100 in a long run.Longby Ha-LionPublished 0
Crude oil. Is it time to buy?On the daily chart, the price is in a sideways range. The short vector 5-6 has been played out. Yesterday's candle broke the test level (84.39) of the daily buyer zone on volume. On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place. Since the short vector in the daily range has been played out, it's worth considering long positions to play out the long vector 6-7. Aggressive local purchases can be sought above the level of the daily test at 84.39 if the price exits upwards from the accumulation, stabilizes for an hour above 84.39, and is then protected by the buyer. Systemic local purchases are advisable to look for when the price overcomes the support level of the short trend on the hourly chart (86.3), and then the buyer protects this level. Local sales can be sought from the protection of the seller at 84.39, if during the attack on this level, the buyer cannot absorb the last successful candle of the seller (time: 11-00). Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed. by AlexeyWolfPublished 2
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)Longby sepehrqanbariPublished 2
Oil Prices Likely to Head LowerThe ongoing conflict between the Islamist group Hamas and Israel is a major geopolitical threat to oil markets, second only to Russia's invasion of Ukraine last year. Although the conflict has not yet affected oil flows, an escalation is increasingly likely. First, the U.S. could escalate sanctions against Iran if that country becomes embroiled in the conflict, putting further pressure on an already unstable market. Second, the agreement to normalize relations between Saudi Arabia and Israel-negotiated by Washington and which would allow the Saudi kingdom to increase oil production be called into question. To support oil prices, Saudi Arabia and Russia have announced voluntary supply cuts through the end of 2023. These moves led to prices spiking to their highest in a decade in late September. However, macroeconomic concerns caused prices to fall sharply two weeks ago. Crude Oil InventoriesCrude Oil Inventories There is great concern about Iran as there is a possibility that it will disrupt the flow of oil through the Strait of Hormuz, the important artery that carries the fifth part of the world's supply. It is important to remember that Iran is already under sanctions, and the possibility of tougher U.S. sanctions could have an even greater impact on oil supplies and energy prices. President Biden will try to avoid this situation, especially before the 2024 elections. There has been an attempt to bring Saudi Arabia and Israel closer, with the United States acting as an intermediary. According to reports, the agreement calls for normalization of relations between the kingdom and Israel in exchange for a defensive pact with Washington. In addition, Saudi Arabia has informed the White House of its willingness to increase oil production early next year to help reach this agreement. At the time of writing, WTI crude oil futures reached $87 a barrel on Monday, falling for the second consecutive session as diplomatic efforts to avert a war between Israel and Hamas in the Middle East reduced concerns about oil supply in the region. In addition, humanitarian convoys arrived from neighboring Egypt over the weekend to help Gaza as Israel suspended its attack under U.S. pressure. The United States is doing its utmost to keep oil prices stable, including the lifting of sanctions against OPEC member Venezuela after it pledged to hold democratic elections next year. Based on my observations, I believe the conflict remains limited because of U.S. intervention. Crude Oil ChartCrude Oil Chart They do not want higher oil prices and are currently engaged in issues such as the crisis in Ukraine. However, there is a risk that it could become a wider regional conflict if it is not handled properly. Due to the removal of sanctions on Venezuela and the collapse of oil demand in the United States, oil prices are likely to fall even further. In addition, the increasing availability of oil will contribute to this downward trend. From a technical point of view, the long trend is losing strength, and with the reduction of tensions in the Middle East-which is my most likely scenario-I expect that we will see oil prices around $82 per barrel in the coming quarters.Shortby Antonio_FerlitoPublished 0
$USO high P/L strangle +50% TP with options #oil #usoilI'm trading the pullback of course with neutral strangle. Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures. Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21) Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17) This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall) 37DTE Strangle for 2.23cr Max Profit: $223 Req. BP: $600 PoP: 74% IVR: 49 (very high, optimal for credit strategy) My target is ~$100 on this trade in the next 2 weeks.by TanukiTradeUpdated 4
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)by sepehrqanbariPublished 2
Oil will drop from hereUsing TA and correlations to other ideas I just recently posted I believe oil is gonna drop here. One reason TA and a second is the correlation to the dollar which is usually follows. I just posted another idea I believe the dollar is gonna drop now. Stocks BTC Gold will launch here. See my other ideas I just posted. Shortby TheUniverse618Published 113
Swing trade long for WTIWe saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90. Longby CityIndexUpdated 3
Long the 61 retest Crude made a big bounce on the 76 fib and now is retesting the 61 fib. Ideal entry spot if an uptrend is forming. Longby holeyprofitUpdated 117
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;) Longby sepehrqanbariPublished 2
Everyone and their grandmother is bullish oil. We going DOWN.Meanwhile consensus has been bear US and bull oil the entire year of 2023 - the oil bear market rally is coming to an end. I already think we have put in the major pivot high here for the next coming possible 2+ years. I look for a new local high here on the smaller timeframes between 89.85-90.90$ where I will enter a short. The overall targets is 20-40$ somewhere, probably lower range, but yet I won't stay in the short for that long, since we always will have some countertrend rallies. We should really start picking up some pace to the downside after the lower high is a fact. Expecting 20-40$ oil within 12-18 months probably, we will see :)Shortby Investcj1Published 2
Crude Oil Hits Important Retrace LevelThe Crude Oil rally off the 10/06/23 bottom continued into 10/20/23 and hit the Fibonacci .666 or 2/3 retracement level. Hour RSI had a double bearish divergence at the top. Theres a high probability of Crude Oil declining to at least the 80.00 area. Seasonal patterns for Crude Oil are bearish until late December. A decline could reach the 75.00 area. Shortby markrivestPublished 225
View on CLHello Everyone We've had a very bullish week on oil World events influenced this no doubt, if it continues will have to be seen. These are the levels I am watching. Have a great weekend!by The_LionessPublished 2