Crude Oil Bear WaveI've been waiting for this resistance for months! As we approach, i'm watching for a rejection
WTI1! trade ideas
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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CRUDEOIL--Head & Shoulders??We have a chance of Head and Shoulders pattern.
now price is approching the right shoulder area.
look for short side,when price comes to this area.
on bottom side we have a strong support at 4800 levels.
keep in long side from this support zone.
Buy April Crude Oil at 79.76. Target 83.54. Stop at 76.36Market has broken to the upside and looks like it is trying to resume uptrend in addition to uncertain Geopolitical environment.
Crude**CrudeOil:**
The price resisted at the EMA200, it is expected to reach the top of the channel, zone between 82.70 / 83.60.
CRUDE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-15-2024
DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum
Crude oil trend analysis- overall long upto 7190, 7890, 9000Crude oil near future trend analysis shows a bullish up move after minor correction last week. On may think to hlgo log -: Crude oil trend analysis- overall long upto 7190, 7890, 9000 support 6620 . Bullish upward in a uptrend channel.
CRUDECRUDE LEVELS.....
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Note:
This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.
Crude Oil Demand ZoneCrude oil is at all time highs as it pulls back into todays opening range.
this is also a 15 minute demand zone.
Entry at previous weeks high
Stop loss is right below structure on the 15 min and 1 hour chart.
a daily price action after hour update - oilGood evening and i hope you are well.
wti crude oil
bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact that bears could not sell below 77 is further confirmation of my bullish thesis which i have been talking about for some weeks now.
bear case: Last days Bears tried many times to get below 77 again and today they gave up. They will scalp pullbacks and wait for bulls to show weakness again around 81/82.
short term: Bullish. Look for longs at the 15m or 1h 20ema. 1. Target 81, 2. is 82. - Invalid below 78.6
medium-long term: Neutral until clear break above 81 and no drop below 77 but i tend to lean bullish here. I would not engage in long term trades here. Either wait for lower prices or a bull breakout. —unchanged
Crude OilPair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Correction Short Time Frame
Crude Oil Long cycle with high probabilityI see big accumulation on Crude oil with 2 months duration. After such a big price accumulation ranges I expect the price realisation(trend).
We have a two variation of the scenario for Crude oil.
First Scenario
With high probabilty we will see new long trend. The fundamental data also show the long direction on the higher time frames. Production of crude oil is low top 2 of the biggest oil producers is decreasing the oil production, only USA is rising production but it is not enough to make the price fall. Cause is total amount of Crude oil production of top oil producers is still low.
Second Scenario
If the middle line of big accumulation will be broken then we can see the price fall and failure of most probability Long scenario
♥ DayTraderBaby Crude Oil Longs 📈9:45 am entry
higher low created 77.58
Nice bullish candle engulfment & Break of structure
TP 78.57(1.618 extension ) 84 Pips ✔
CL back to bearish trendCL was trending bullish but on Friday reversed and closed back below the daily high mapped out on the chart. Now I would be looking for it to touch the daily low.
