CRUDE OIL "3 Heads Monster"Could this 3 Heads & Shoulders come to live ? Built in "Close Price Line Chart" (Candle = Same formation) Small (black) H&S Target @ 59.34 Medium (orange) H&S Target @ 44.32 Large (blue) H&S Target @ 10.29Shortby MyMainBox369Updated 335
Falling wedge Breakout in CRUDE?Crudeoil Update (4-Hour Timeframe) Pattern Formation: Falling Wedge, typically suggesting a potential breakout to the upside. Current Setup: Crudeoil has taken support at the 5900 level and is now trending upward within the wedge. Entry Above: 6025 Target 1: 6100 Target 2: 6220 Target 3: 6380 StLongby Shalvisharma5Updated 2212
MCL Long 11/5/2024MCL is in an uptrend. Placed a long position in confluence HV DZ (the upper zone). Waited for price to break previous high. Risk=$220. Target= 1:1 and 3:1.Longby SethuratnaAnbuvinothUpdated 2
MCL Short 11/6/2024MCL is in an uptrend. But price made a LH DT. CL inventories report is bearish with high supply. Placed a short position in HV SZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and gap fill.Shortby SethuratnaAnbuvinothUpdated 2
Crude Oil Smoked Again. Will the downtrend continue?Hey, guys. Noticed this evening Crude Oil is down yet again. In this video, taking a look at the technicals and whether this downtrend will continue or not. Oil is in a little bit of a confusing spot, but there is certainly good reason to think the weakness will continue. Hope this video will give yEditors' picksShort08:22by redykhouse4444
MCL Long 10/30/2024MCL is in a SW + uptrend because price closed above 4hr MA. Taking a long position in DZ below MA. Taking half risk because zone has been tested. Chances of less unfilled orders. We have 2 zones overlapping. I chose the lower one because of SW trend. Risk= $90. Target= 1:1 and 3:1. Longby SethuratnaAnbuvinothUpdated 4
CL longI see a possible long so taking it. h&n after sweeping NY pm session low. Am assuming 80% chance to hit target. Don't take this trade I am testing theory lolLongby FTTGODUpdated 2
Oil looking for 71.86$oil now above demand zone (67.19 -68.38) and there is Bullish Divergence if it's still above these levels and if price action appears it will be good long trade to reach 71.86 / 77.74 / 80.18 / 84.48 / 87.59. Good Luck Longby Ahmedragab113
Bullish Crude Oil Futures Trade Idea:Crude oil futures are set up for potential bullish movement as inventory levels remain low, and recent economic data supports ongoing demand. Supply-side factors, such as lower-than-expected inventories and potential OPEC+ production cuts, add upward pressure. I’m looking for a push into higher resiLongby trader9224Updated 5