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WTI1! trade ideas

Can the HOUSE CAPITALIZE on this Market Correction Short...?NYMEX:CL1! A wise man once if you're easily offended then you're easily manipulated... Good Afternoon Family I hope this week has been good to yu all... This will be a short description/narrative on why I believe we may be able to capitalize on this counter trend SHORT on OIL after we Mitigate this Daily Supply Zone a little deeper IMO>>> Vibe w/ me! 1) I want to see buyers continue to push for higher pricing and sweep the Last Current High which is ($87.22) and then fall off a cliff... 2) We have a major indecision candle on the 1Hr TF and the low pricing of that candle is ($86.45) which will cause a 1Hr CHoCh if broken... ***This is the major confirmation I will need to see with a confirmed candle closure under the 1Hr indecision candle on the 30m TF & below... Once we receive this confirmation i'm all in with the risk, covering the high for my stop.... 3) On the LTF we have a 15m Demand Zone that I need to see broken by strong sellers and cause the 1Hr CHoCh level to be broken ($86.45).... If we can get this sequence of events to happen then I'll enter SHORT for the HOUSE TO CAPITALIZE ON....***Also price needs to be trading underneath the RED V-Wap as a last min. cherry on the top Confirmation. Its always a higher probable trade when we are in favor of the Vwap...IMO>>>>> Overall Price has mitigated a HTF Daily Supply Zone & we're looking to CAPITALIZE on the Market Correction SHORT...Which is essentially a Counter Trend SHORT>>> So we need to be highly skilled in our entry price and even more skilled with our Target/Exit to CAPTALIZE on PROFITABILITY!!! Remember nothing in the market is set in stone. WE play the long-term game of probability!! Now lets sit back N stalk like the Saltwater CROC!! Its time to REACH EXCELLENCE!!! #BHM500K #NewERA #CHAMPIONS
NYMEX:CL1!Short
by TreyHighPwr
Strategic Timing for Investing in Crude OilCrude Oil (CL) Bullish Trend Continues: Surge Driven by Rising Demand and OPEC's Supply Reductions Since December 2023, CL has been on an upward trajectory bolstered by heightened demand and OPEC's proactive supply cuts. Notably, in February, the market broke through the 209-day Moving Average (MA), a significant technical indicator, and retested it in March, reaching a price peak of $80. This week, CL has exhibited remarkable strength, surpassing a major resistance level and surging above $85. With this breakout, the next plausible target appears to be $90. Considering the sustained bullish momentum and the fundamental factors supporting the price surge, the current market conditions favour a bullish stance on CL.
NYMEX:CL1!Long
by aminearga
Oil up 1%, US WTI at 5-month closing high, market seen Crude prices edged up about 1% on Monday with U.S. futures closing at a five-month high, on expectations that economic growth in the U.S. and China will boost demand, while supplies tighten on OPEC+ output cuts and attacks on Russian refineries. Brent futures for June delivery settled at $87.42 a barrel on Monday, June's first day as the front month. That was up about 42 cents, or 0.5%, from the April 28 settlement price for the June contract. April 29 was the Good Friday holiday. On April 28, the May Brent contract settled at a five-month high of $87.48 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 0.7%, to settle at $83.71, their highest close since Oct. 27.
NYMEX:CL1!Long
by Khairil_Anuar
a weekly price action after hour update - oilGood Morning and I hope you are well. WTI Crude Oil bull case: Still inside the bull channel but market get’s more two sided trading. I can’t see another strong leg up but more trading range price action between 80-85. 85 Should be the max here and the very big triangle will probably play out over more months. Upside is probably very limited here. bear case: Bears doing enough to make this two sided and bulls refrain from buying too high. Market will probably test the daily 20ema soon, which is around 80.64 and around the lower bull channel trend line. Invalid above 85. outlook last week: “Neutral - Sideways to up probably. We could range more and get a small second leg down but not lower than 78. Then a retest of the high is expected.” → Last Sunday we traded 80.63 and now we are at 83.02. Bulls stronger than expected but I gave those targets months ago and clear invalidation points for bulls and bears. short term: Neutral again. Market is high enough here at 83. I see 85 as max and we will probably see more profit taking here and a pullback to the daily 20ema. So valid targets in both direction means neutral for me. Below 80 I turn bear again. medium-long term: Bullish targets also met for me here. Big triangle still playing out and I’m only interested in shorts here. I wait for market weakness.
NYMEX:MCL1!
by priceactiontds
$CL 4H Analysis - The Uptrend Continues CL is an excellent example of wave analysis while maintaining an upward trend. We sustained a solid upward trend over a period before the scenario became interesting. Here, we saw a structure break to the downside, which turned out to be a two-legged pullback or correction into an untested zone. This attracted more buyers, and the upward trend has now resumed. The current issue is that we are at previous highs. To take a long position, we must wait for a valid pullback to occur, either at the previous higher high (HH) or the average of the HH and the higher low (HL/2).
NYMEX:CL1!Long
by AmpedTrading