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Wti Crude Oil 12 Month Spread SyntheticWti Crude Oil 12 Month Spread SyntheticWti Crude Oil 12 Month Spread Synthetic

Wti Crude Oil 12 Month Spread Synthetic

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3A1! trade ideas

Buyers Failed twice this week...Guess we're going SHORT huh...?NYMEX:CL1! Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!! Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me... 1) On March 5th, 2024 during the end of London and the beginning of NY trading sessions price entered the major Daily/4Hr Demand zone and buyers immediately entered the market & took price off like a rocket to the upside...***Now the Daily Last Swing HIGH Pricing is ($80.85) and buyers came very very close to breaking that level on March 6th, 2024 however DID NOT BREAK IT!! Sellers held their resistance and pushed price back down... 2) On March 7th, 2024 sellers pushed price all the way back down to the daily demand zone again around pricing of ($78.00) P. Barrel & once again buyers stepped back into market and took price back up to a Major Monthly Resistance Level @ ($80.00) P. Barrel and sellers immediately used that level of resistance to take the market back down...So that is twice in 1 week that buyers were unsuccessful of purging the Daily Last Swing HIGH and creating a NEW... 3) Now that sellers have pushed price back down into the Daily/4Hr Demand for the 2nd time in a very strong way it seems as if Demand is not doing it job to take out Higher Premium Supply and will eventually fail...With sellers demanding lower prices Per Barrel. ***Now here is what I am looking for to go short... 4) Being that price broke underneath Daily Support Level ($78.50) with candle closures on all the major TF's I watch; 4Hr, 1Hr and 30m I am compelled to enter Short from that level if we can get a retest and cover the high for stops... 5) Now if and when we can get the Tag SHORT then I will be targeting the next Major 4Hr support level around ($77.00) P. Barrel that we can easily catch a solid +2.5-3R % Gain depending on your management system...Also I need price to be trading underneath the Red V-wap as a cherry on the top confirmation...It's always better to trade in favor of the V-wap...IMO 6) We also have EQL's inside the 4Hr demand zone that need to be swept around ($77.55) which also gives me further confluence as to why OIL is getting ready to push lower prices Per Barrel and I want to capitalize on the move. Stay on point!! ****Remember nothing is set in stone, this is simply my narrative and prediction based on PA on the HTF's in which we all know is KING!!! That does not mean I am always rii... WE play the long-term game of probability... Lets stay focused and disciplined no time to SLIP... +2.5R % Gain this week....Claim it and be patient!! #BHM500K #NewERA
NYMEX:CL1!Short
by TreyHighPwr
1
Bullish Fibs Upmoves in Oil - Now, Needs to Defend 61.8% LineOil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the dynamics of the recent down move, I expect this 61.8% line to be challenged early on Sunday night / Monday with a break of 40-60 cents. If we can hold those level above and regain this 77.60 level, I do anticipate a big move to new highs in oil, ALL THE WAY UP TO 82.11.
NYMEX:CL1!Long
by CeresTrader
1
High Probable opportunity For The HOUSE to SHORT OIL...?NYMEX:CL1! I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon... Here is my reasoning why...!! Rock w/ me! 1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break past! 2) Price seems to just have swept the high of the 4Hr Supply Zone and continued to work its way back down as sellers were very aggressive towards the end of todays NY session... ***For a min. I thought buyers were targeting the 4Hr LSH and Mitigate the Daily Supply Zone above and create a new 4Hr High... However Sellers came in very very strong & took the market rii back down. Even the way PA is set up on the 1Hr TF indicates that the move up was manipulation for buyers to keep buying...(IMO) 3) Now here is what I am looking for to go short on the particular asset... We have a beautiful formed Doji/Indecision candle on both the 1Hr and 30m TF that I am very interested in shorting from... 4) Being that price broke and close underneath the Strong Psychological Level of $80/ P. Gallon on all the major TF I watch (4Hr, 1Hr & 30m) and PA is trading underneath the Red V-wap... That is all the confirmation I need to short from the 30m Supply zone created and covering the high.. 5) What makes this trade even more HIGH PROBABLE is on the HTF, the 4Hr had a huge rejection candle to the upside where sellers denied the break of the 4Hr HIGH and pushed price back down and closed under $80/ P. Gallon level... 6) Being that we already received all of our confirmation to enter I am simply just waiting for the TAG... Let's be patient and be ready to manage as professionals if and when the market Tags us SHORT!! ****Remember nothing in the market is for certain, WE play the long-term game of high probabilities. This is simply my perception and outlook on this asset! Now lets sit back N stalk like the Saltwater CROC!! +2.5R % Gain this week! It's been spoken!! #BHM500K #NewERA
NYMEX:CL1!Short
by TreyHighPwr
Crude Oil Movement In Bearish Flag. Short long set up Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario Take profit, better to put on the resistance line. Stop loss by lowest candle. IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit! Oil and stocks you can trade on this crypto exchange: bingx.com
NYMEX:CL1!Long
by CarpBuro
CL WTI Crude Oil ShortMy weekly bias is for price to trade up to previous weeks highs, but Mondays price action has me leaning towards a pullback before we trade up mid/late week. Today's candle was quite bearish, so I am looking for price to trade down to Monday's lows, and possibly trade into the untapped lows from several daily candles formed last week. I want to see price trade into and respect a bearish premium array to trigger me to look for short entry on m5/m15.
NYMEX:CLJ2024Short
by Tradius_Trades
OIL continue with the Uptrend ☝️On crude oil, it's nice to see a strong buying reaction at the price of 78.5. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The weekly point of control (POC), uptrend, and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
NYMEX:CL1!
by Trader_Dale
3
Crude Oil WTI - Analysis (ICT)Simple analysis on the Monthly timeframes. There is trendline liquidity residing above, which I believe is the next draw on price. With that in mind, I noticed price react nicely off of a 5-Month FVG and Orderblock. With that in mind, I'm anticipating price using the current Sibi that it is in to become an iFVG. I would like to see a Monthly candle close above it and then use it or a created Bisi as support to trade higher. Life is simple, don't complicate it. - R2F
NYMEX:CL1!Long
by Road_2_Funded
WTI. Expecting and Suggestions about it.Good day. WTI. Last month showed interesting upward and downward movements; in anticipation, everything closed for an upward movement. Due to the instability in the Middle East and lower Africa, and indeed in the world, these factors influence more likely the Growth of Oil, but let's move on to the Technical Picture. Since the beginning of the year it is trading above 10% growth. The 10% level is the closing price of the year - 71.65 = 78.81. Next we have the expected levels of 15 and 20% growth - 82.39 and 85.98. Looking at the 1Month Charts, we see a picture of the absorption of December trade into January. Moving on to Weekly - We see that since the week of January 29 it has been trading in this range (Inside Bar itself is a very strong combination) and it is breaking through upwards. That's why she says growth. The support level remains at 78.81, if suddenly there is a false breakout. Next, we see that Exponential Averages say that the price passes the Annual from bottom to top, and the Quarterly and Monthly are lined up at an Angle in growth. Further, using Donchian, building a corridor of Highs and Lows for the period, and we look at the quarterly range, which breaks through at the Highs level at 79.62. Therefore, the Course for this month is clear. For the most part, 80% expect growth, depending on the Situation. Thank you all. Goodness and Peace to all
NYMEX:CL1!Long
by OpnTrader