Crude MFI positive divergence 15,30,60 minutesCrude is falling but in 15, 30 and 60 minutes time frame it is showing positive divergence on mfi and this is clearly oversold area and some bounce back may be seen till 6750-6780.
4A1! trade ideas
CRUDEOILCRUDEOIL recently reversed & create Bullish pattern
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This group is only for Educational and Learning, Knowledge purpose only. Stock recently reversed & create Bearish pattern
We are not SEBI registered.
*Disclaimer from Admins as per SEBI norms:*
Equity Investment are subject to 100% market risks. Refer your financial consultant advice before Investing. I am not responsible for your intended decision & financial losses
This idea is only for Educational and Learning, Knowledge purpose only.
Selling CLCrude oil broke lower yesterday leaving 4H FVG aligned with negated order block becoming breaker. Daily closed below previous day low so I expect crude oil to extend lower.
Crude Chronicles: Unveiling the ZigZag Symphony - Quest for $55Crude Oil NYMEX:CL1! !
Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending to form Wave Y or Wave II of the overall cycle, expected between $55 and potentially lower, around $50.
This range holds significance, encompassing the Y-extension from 127.2% to 138%, and precisely the 61.8% retracement of Wave II. An essential zone, it coincides with a tiny accumulation phase from 2021, aligning with the 61.8% level.
Zooming into the 2-hour chart, the B to C wave reveals a 5-wave structure, typical of a ZigZag pattern (5-3-5). Therefore we should see a 5-wave structure to the downside. Analyzing the current sequence, we've completed waves 1, 2, and 3, hitting the 161.8% mark – a minimum target for a Wave 3.
We are anticipating a retracement for Wave 4 within 38-61.8%. A potential Flat pattern suggests the 38.2% level could act as support, projecting a move downwards after a slight surge. The primary scenario envisions a move to $55, invalidated if Wave ((iv)) surpasses the Wave ((i)) level, marked as "Invalidation," precisely above 61.8%.
Several factors indicate a downward trajectory, making $55 a plausible target.
CL - Wed Crude Oil InventoriesTrading Idea: CL - H4
If price is showing signs of further downside movement or a push down coinciding with the release of Crude Oil Inventories, the 79.80 area appears to be a logical potential destination for a bounce before a potential continuation to the upside.
Crude Oil potential breaker on 15MCrude oil CL is in up trend recently. Today CL broke yesterday's low, swept liquidity below that low and found support at 50% of Daily FVG as buyside imbalance which gives conviction that market is still bullish and ready to move higher.
I will be looking for a break of breaker block on 15M chart and then enter on retrace. I will target previous day high for more than 1:2 RR
Crude Oil Bear WaveI've been waiting for this resistance for months! As we approach, i'm watching for a rejection
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
--------------------
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.
ACTIVE AGAIN!! Will be posting setups regularyHi Everyone,
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