Buy Signal on Crude Oil FuturesHello,
We have a buy Signal on Crude oil in Real Time, for a target of 77,4 $ in few hours, for more details check the chart or you Can send me message,
CRUDEOILM1! trade ideas
WTI Crude oil - front expirationOur current position's delta: -0.30
Overview: RSI entering in negative territory below 45, confirm that wave 5 is started. Target on $77.50 level has been reached in the overnight session, where we did the first rebalance of our position's delta(from -0.45 to +0.05).
Other rebalance on the top of the channel(from +0.18 to -0.08)
Current position's delta: -0.15
First target: $77
Second target: $76.50/$76.30
Stop loss/mandatory level of rebalancing: hourly previous bar's high
CL1 - Trendline Analysis and 1:1 GW Target Hit 🧐The 1:1 extension Golden Window target caught the low and that was another simple trade setup having topped out without complexity at the 0.618 bounce retracement.
Notice that the two significant trendlines are the Shakeout and Extremity Demand Trendlines, similar in a very different context to what we looked at with Bitcoin in yesterday's video.
The top was a tiered Shakeout Reversal Pattern through the Shakeout Demand Line and now the small bounce has found resistance with a small Shooting Star candle through the Extremity Demand Line.
Notice on the weekly chart how the Shakeout Demand Line captures the Shooting Star topping candle and now we'll see if the Extremity Demand Line becomes a significant resistance point 🧐.
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... ;)
Crude has created 15 mins H&S Tgt 6340Crude has created 15 mins H&S Tgt 6340
Crudeoil has created intraday 15 mins TF H&S pattern which is already broken down
if sustains here we may see 6340 levels today
WTI Crude oil -front expirationOur current position's delta: -0.20
Overview: positive data on inflation spurred a new upward swing, moving the closing of wave 4. An RSI divergency suggest tha could be the beginning of wave5
First target: $77.50
Second target: $77
Stoploss/Rebalancing level: daily's high
See you all next update.
CL1: Buy ideaOn CL1 we have a buy idea because as you see on the chart we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.Thanks!
WTI Crude oil - front expirationThe target of our previous analysis has been reached.
Our current position's delta: -0.06
Scenario: we consider wave4 closed, even if the price could experience further upward acceleration till area $79.50/$80. We will follow the market, rebalancing the delta if necessary, waiting the signal of the beginning of wave5.
Long signal on CL Hello enveryone,
We have a fantastic long signal on CL FUTURE for short term investement (couple of hours), buy it now and you Can see details on the chart.
WTI Crude Oil :: January 2024 Contract :: CLF2024WTI Crude Oil :: January 2024 Contract :: CLF2024
As of November 13, at a current volatility level of 37, the underlying January 2024 WTI futures price has a 68% chance (1-StdDev) to be inside of the range between 70 and 85 at the CLF24 expiration on December 19, 2023.
CME volume data has shown that traders have been more aggressively trading the 85 Strike Calls and the 70 Strike Puts, perfectly wrapping the 1 Standard Deviation of the December 10 WTI settlement price.
The CFTC COT Report shows that, toward the beginning of October, fund managers have been aggressively subtracting from their long positions.
The CFTC COT Report also shows that, near mid to late October, fund managers have been adding short positions, resulting in a decreasing net positioning.
NYMEX:CLF2024
WTI - BEARISH OUTLLOKOPEC, deflecting blame for the oil market crash, slightly increased its 2023 global oil demand growth forecast to 2.46 million barrels per day. The group's aggressive production cuts, aiming for $100 per barrel, face skepticism. Market bears challenge OPEC's strategy, selling consistently for three weeks. Questions persist about OPEC+ members responding with additional production cuts. Despite concerns, OPEC's report downplays worries about demand, referencing exaggerated negativity around Chinese demand. In the market, WTI rose to $78.26 per barrel, up 1.4%, but ended the previous week down 4.1%. Brent settled at $82.54, up 1.4%, with Brent concluding the last week down 3.8%. The global crude benchmark also experienced an 11% decline in October.
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$CL1! / $USOIL LongsHi, today i will bring you an idea of a USOIL Long Setup, in this case i'm using basic concepts, considering the war of Israel vs Palestine too, i'm searching for longs since we will have an IRL>ERL Cycle as we had in LTF, which is where we took the Weekly FVG on OTE and then went for OTE again and reacted to the OB, now i expect us to take the pending Daily FVG and then make a pullback to the last Sell Side Liquidity Zone using it as a Breaker to strengthen our move straight to Half of the Monthly BISI where we will enter in longs.
WTI Crude oil - Front expirationOur current position's delta: 0.20
Scenario: ABCDE structure looks prevailing in a continuation flag pattern. In a cautious market we revise our target area to $78.50.
Upon reaching the target we will rebalance the position's delta and we will consider wave4 close.
Only on a breakout of area $74.90 we will consider wave4 close at the current price level, and a delta de-balancing to negative (short) with a first target of wave5 in area $74/$73.80.
crudeoil .. in next few hours !Based on simple target and support resistance calculation .
Crude oil going for a big move after a fall .. !
Temporary uptrend by 1D TFRebound from channel trend downtrend. But maybe temporary rebound between downtrend channel. Stochastic also indicate temporary rebound.
