CL Watching yo see if High Volume Node from ~70-72.5 holds for support for push higher later in week and into next.
Contract highlights
Crude Oil Swing Trade Prediction Using ICT MethodPredicting to see Crude Oil go above 75.00 per Barrel. Waiting for an entry at the ICT +Breaker
WEEKLY FOREX FORECAST SEPT 7-11th: US WTI CRUDE OILUS WTI Crude Oil expanded to the upside last week, with a convincing close. ON the Daily, a +FVG was formed. Things are in place for price to continue to move higher.
My bias is bullish, and I am looking for buys.
Consider the tension in the Mid East, pushing prices higher.
Check the comments sec
2024-10-03 - priceactiontds - daily update - oilGood Evening and I hope you are well.
tl;dr
oil - Continues to be wild. Got stopped out too many times today and wanted to hurt myself. Huge tails on daily bars above and today a 350 (5%) tick ripper. Bulls just melted through the bear trend line. Can absolutely be a bull trap and we see another
US WTI CRUDE OIL... Looking to BUY IT!US OIL
Price has pulled back into the Weekly and Daily +FVG. There is a good chance 73-72.00 will hold support, sending prices higher.
My eyes on the lookout for valid buy setups.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon
Crude oil saved by the 200-day MA (for now)A combination of factors saw crude oil snap its 5-day winning streak on Tuesday. China's equity markets plunged at double-digit levels when traders realised no new stimulus from China was to be unveiled after golden weak. US production forecasts were lowered by the EIA and concerns over the Middle E
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Audacious Oil SetupOn the macro, this looks like a potential position idea. LONG term holds, at least a year. Let's see if we get the reversal off the zone. If we do reject that zone nicely, I think we're in for a nice long roadtrip.
OIL: 2 PHASE LONG (FRIDAY)Idea;
Geopolitical tensions in the middle east will heat up over the weekend. Let's buy some cash and run it through the algo long ahead of the potential weekend gap.
LEG A:
1. Short Oil
2. Target Fair Value
3. Bank Profits
LEG B:
1. Long Oil via Synthetadex Algo
2. Target anything higher
3.
See all ideas
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Jun 2014) is May 20, 2014.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Jun 2014) before May 20, 2014.