CL Watching yo see if High Volume Node from ~70-72.5 holds for support for push higher later in week and into next. by skhill0224Published 117
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 +BreakerLongby RyhamiPublished 114
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 section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.Long09:34by RT_MoneyUpdated 117
Bearish Crude OilI'm currently bearish on crude oil futures as the market faces increased selling pressure due to a combination of oversupply concerns and slowing global demand. Recent inventory reports have shown larger-than-expected builds, indicating potential supply glut, which could push prices lower. Additionally, with ongoing geopolitical uncertainty and weakening demand signals from key economies like China, oil may struggle to maintain its current levelsShortby trader9224Published 5
CRUDE**CrudeOil:** This week's forecast is for the price to rise out of the channel.Longby simaoxcepsPublished 4
2024-10-09 - priceactiontds - daily update - oilGood evening and I hope you are well. tl;dr oil - 71.54 has a very good chance of being the low of this pullback. Confirmation is only above 74.7. Tough spot right now. I would not be surprised if Globex starts the pump early. Decent chance we see 76 tomorrow and 78 on Friday. Bears would surprise me below 71 and I do think we would see an even bigger flush below that price. comment : Yeah I know, oil again. Market is moving the most currently so embrace the volatility. I make it short today. 71.54 has a very good chance of being the low of this pullback. Market could retest 77, so 300+ ticks higher from here. If you would long this now, stop is either 69.8 or 71.5. Both are reasonable. Confirmation for the bulls is above 74.75. current market cycle: strongest bull trend key levels: 70 - 80 bull case: Bulls see the 3 legs down and a 200 tick buy from the lows. Next they want follow through to break above the bear channel and they know, bears will have their stops between 74.5 and 74.7. Above is no good resistance until 77 again. On the daily chart we can also see bulls bought the daily 20ema almost to the tick and the bull channel now looks proper. Enough reasons why a long now is a decent trade. Invalidation is below 71.5. bear case: Bears had a gigantic pullback and now 2 bigger tails below the daily bars. Are they gonna fight this or do they think they made almost 700 ticks from the highs and it’s probably reversing soon? If you look at the daily chart, you can not come to the conclusion that you want to short 73.35 right now. If we somehow manage to get below 71.5, the bulls case is probably dead but market would likely be more neutral than bearish. Invalidation is above 74.7. short term: Bullish with stop 71.5. medium-long term - Update from 2024-10-06: That bear trend is over and we are again in the big trading range 64 - 78/79. I would update this again if we break above 80 with follow through. current swing trade: Long 73.28, stop 70.5. Target 77 or higher. trade of the day: Shorts at 77 which was the big red line and August high. Market spiked and bulls who bought above 76.5 did not even had the chance to exit break even. Longby priceactiontdsPublished 4
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 you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.Longby RT_MoneyPublished 4
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 East receded somewhat. An elongated bearish engulfing / outside day formed after its daily high met resistance at the September 2023 trendline. Yet the 200-day MA came to the rescue. For now at least. Given the 4-hour bullish hammer at the 200-day MA and weekly R1 pivot, alongside a heavily oversold RSI (2) on that timeframe, I suspect a cheeky bounce could be in order. Bulls could cautiously seek dips for a move to $75 or $76. Yet the magnitude of Tuesday's selloff suggests bears may be lurking at higher prices to re-enter upon any such bounce. Bears could wait to fade into such levels in anticipation of a return to the $70, near a high-volume node (HVN) and 61.8% Fibonacci level. MSby CityIndexPublished 2
Crude OilPair : Crude Oil Description : Completed " 1234 " Impulsive Waves Order Block Bearish Channel as an Corrective Pattern in Short Time Frame Demand Zone Fibonacci Level - 38.20% / 50.00%by ForexDetectivePublished 4
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... ;) by sepehrqanbariPublished 2
CURDEOIL OCT 2024 KEY LEVEL FOR 07/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.by nandupkPublished 1
CRUDEOILCrudeoil is moving in a range bound condition. It is indecisive for moment and no directional move seen This chart is only for educational purpose and do your own study before taking any tradesby be_you_akshayPublished 1
2024-10-10 - priceactiontds - daily update - oiltl;dr oil - 297 points given to you yesterday. Hope you made some. 76 could be resistance but I can see this printing 78 again tomorrow. Either way, bad place to buy right now. Need better pullback or a buy near the 1h 20ema or bull trend line. I got nothing for the bears here either. They made big bucks and did not fight this much. comment : Closed the given swing long for around 260. I hope you also made some. Bulls are in control again and I doubt bears want to fight this big time before 77 or higher. current market cycle: strongest bull trend key levels: 71 - 80 bull case: At 75.55 I don’t know how deep the pullback can get. Lowest should be around 74. There is a bull trend line and the 1h 20ema is around 75. Above targets are 77/78 and if bulls get wild again, we will print 80 soon. After such wild moves up and down, it’s more reasonable to not expect more extremes and maybe somewhat more contracting prices and sideways movement before the impulse. Invalidation is below 74. bear case: They gave up above 74.5 and their next target is to keep the market below 77 and turn more neutral again. I honestly don’t have decent arguments for the bears. They made big points on the pullback and now bulls try again. I would not look for shorts in this. Invalidation is above 76.5. short term: Bullish for 77 or higher. Neutral below 74. medium-long term - Update from 2024-10-06: That bear trend is over and we are again in the big trading range 64 - 78/79. I would update this again if we break above 80 with follow through. current swing trade: None trade of the day: Gave you the swing long yesterday at 73.28. That.Longby priceactiontdsPublished 1
2024-10-07 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - 16% in 5 days. Alrighty then. No matter your religious beliefs, you can not buy and pray for higher prices. Buying near the 1h 20ema was profitable since last Tuesday but the rally is so climactic that we will very likely see a bigger pullback soon that will be driven by traders taking profits and reducing their risk. Don’t be exit liquidity. Otherwise it’s obviously max bullishness and we can expect a test of 80 soon. Any decent pullback is a good buying opportunity, just don’t buy big bear bars and hope for the best. Wait until market turns up again. comment : Does not make sense to try to come up with a bull/bear case when the market is doing one of the nastiest short squeezes ever. It’s max bullish and your job now is to evaluate potential spots to get long. No matter how you put it, you can only long this on strong momentum or a decent pullback. The 1h 20ema was profitable for 4 trading days now, look for longs around that price. Can we go higher without a better pullback? Look at the rally 2023-06-28 to 2023-09-28. 3 months of a very strong bull rally and markets always have pullbacks. It could obviously still go higher before a pullback but I would not buy above 77 right now. Market has to form a better pattern for this to be sustainable. Right now it’s a short squeeze and we will soon see a bigger pullback because trader want to lock in profits in order to reduce their risk. current market cycle: strongest bull trend key levels: 70 - 80 bull case: Bulls are in control. Don’t look for shorts, can almost certainly only get burned. Potential targets for bulls to begin to take profits are above us. I got two bear trend lines around 77 - 79. I’d be surprised if we straight go for 80 without a better pullback. Any pullback is a good buying opportunity, just don’t long too early and get trapped in a deeper one you can not hold onto. Invalidation is below 73. bear case: Get outta here, no bear case. Invalidation is above 80. short term: max bullish but maybe one comment… No matter the reason for the short squeeze, it can turn down again violently and form a gigantic range. So imagine if we retest the breakout price of 72.36. How many traders would be trapped then? Don’t be early. medium-long term - Update from 2024-10-06 : That bear trend is over and we are again in the big trading range 64 - 78/79. I would update this again if we break above 80 with follow through. current swing trade: None trade of the day: Long anywhere and have the balls to hold.by priceactiontdsPublished 1
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.Longby IAmTheDisciplinedTraderPublished 7
Crude oil October first 2024. this is the second video today. the first video I talked about range boxes on the dxy and I described the problem with ranges that don't have enough vertical range. oil had arranged box with a range of about two to $3000 from top to bottom or bottom the top. you can trade that type of a range and it will be accompanied with good trade location and higher probability Behavior to take you Higher and lower when you have a range that's nearly 3000. the range of a trade on oil is likely to be a profitable trade even if you screw it up and only make $1500 instead of $2000. trading higher probability is a function of the distance between buyers and sellers when you decide on a trade location. what this means is that it's not just the stop that decides your risk, it is also a function of the range of a trade from your trade location. a I believe if you don't think like this you will miss a very important function on how you decide to take a trade. extensions are very critical to my trade decisions and the two most important extensions are the measured move and the 1.272. I am an extreme advocate for for factoring in extensions. at the end of this video I compared the difference between using ABCD patterns as opposed to using extensions and the example in this video shows a clear difference between using ABCD patterns and trading range boxes..... thing to think about and none of this is written in stone. I'm going to mention something as and aside. the markets are great markets right now because there are enough opportunities that can give you multi-$1000 trades.... however when the market finally breaks down and it's clear that there is a pervasive bearish Market as I believe there will be and I am definitely not the only one who thinks this.... what will happen for many of these markets that are so great to trade right now is that those individual markets will contract and there will be less clarity for deciding whether the Market's going higher or lower and this is potentially very treacherous times to trade the market and this is why you want to understand the concept of expansion and contraction of markets..... it's only a question of when this happens and sometimes these markets they can track can go on for months and years.19:09by ScottBogatinPublished 5
OIL Buy SetupOIL Buy Time Frame: - Daily: (FVG Identification) - 4-hour: (FVG Identifiication) - 1-Hour: Waiting for Confirmation --- 1. Trend Confirmation: Identified a Change of Character (CoC) in OIL by the break of the previous high at 72.40, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the daily chart & H4, noted Fair Value Gap between 72.50-73.15. This gap is a potential reversal zone if the price rebounds. 3. Entry Signal Waiting for any reversal candle pattern on the 1-hour chart, if price touches the identified FVG zone. 4. Trade Execution Entry Price: Wait for confirmation SL: 72.10 (below H4 FVG) TP1: 77.50 (previous high) TP2: 79.00 (1.618 Fibonacci) Risk-Reward Ratio (RRR): 1:5 Monitoring: Check-in daily at 8 AM & 8 PM 5. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.by Phoenix-Rise-TradePublished 2
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. Bank Profit Gap Up Sunday Night. Longby moneymagnateashUpdated 1
OIL Buy SetupTrade Setup OIL Buy Time Frame: - Daily: (FVG Identification) - 4-hour: (FVG Identifiication) -1-Hour: Waiting for Confirmation --- 1. Trend Confirmation: Identified a Change of Character (CoC) in OIL by the break of the previous high at 72.40, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the daily chart & H4, noted Fair Value Gap between 72.50-73.15. This gap is a potential reversal zone if the price rebounds. 3. Entry Signal Waiting for any reversal candle pattern on the 1-hour chart, if price touches the identified FVG zone. 4. Trade Execution Entry Price: Wait for confirmation SL: 72.20 (below H4 FVG) TP1: 77.50 (previous high) TP2: 79.00 (1.618 Fibonacci) Risk-Reward Ratio (RRR): 1:5.3 - 1:7.5 Monitoring: Check-in daily at 8 AM & 8 PM 5. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.Longby Phoenix-Rise-TradePublished 2
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 giant pullback but for now I would not short it. If anything, I am not touching this for couple of day I think. comment : Market was very two sided until the spike above 72.20 happened. Market also did not accomplish anything after that spike, which leaves us not that much smarter going into tomorrow. It could very well see a big pullback or even proving to be a bull trap near the bear trend line. current market cycle : trading range inside big broad bear channel from the daily chart. If bulls continue above 74, it’s likely a new bull trend and could get us to 78. key levels : 66 - 74 bull case: Bulls let it drop below 67 and still managed to rip 300 ticks higher. Wild times currently. If you are a bull and want to buy this, you need really wide stops or wait for insane pullbacks. Not easy to trade. Bulls want a breakout above the bear trend line and hit 75. Above 75 is most likely no resistance until 77. Since the pullbacks are so deep, I doubt there are many bulls who want to buy 74 in hopes of breaking the trend line but I am open for surprises. Invalidation is below 70.4. bear case: Bears have the do or die moment at 74. Defend the bear trend or give up until we hit the next big bear trend line around 78. Given the erratic moves, bears are alive and well, mostly anyway. Anything below 71 would be a huge win for the bears tomorrow. Daily 20 ema is also flat, decreases the chance for the bulls. Invalidation is above 74.2. short term: Neutral around 74. Bearish below 73 for 70 again. If bulls can continue above 74.2, we could see more giving up by the bears and another strong move to 76 or 78. Very low probability though. medium-long term - Update from 2024-09-08: Bears broke below multi month support and want a retest of 64.46 or lower. Right now the selling is a bit too steep to be sustainable. When we get a more complex pullback and form a decent channel, I will write a longer update here. Can this bear trend be the start of a bigger where we see Oil below 50$ again? I have absolutely no idea but the current daily chart can not not lead to that conclusion. current swing trade: None trade of the day: Not going there today. You can’t expect this spike. Don’t fool yourself. by priceactiontdsPublished 3
OILThis move originated from respecting a bearish FVG, this makes the manipulation to our HTF PDRA now support is bullish fvg that we disrepect With higher time frame SMT, OTE and Discount and a lot of BSL . but this is the part that made me bullish: i was bullish when we hit the inverse 1 H IFVG but got stoped out ( reduced risk 50% i could have improved and waited for the candle to close, (it had a bit more left to fill) now when i re enter i apply time 9.30 and enterd with the billish move instead of anticipating it We see a reaction from the daily level but fail to fill the 4 H one wich is located at the 7.05 level.Longby FTP1312Published 112
Crude oil rejects key resistance despite elevated tensions Crude oil overnight shied away from our key resistance at $72.50 highlighted in this article here yesterday www.ig.com as the market pushed back expectations of an Israeli response to Iran's missile attack until the end of the Rosh Hashanah holiday tomorrow. While its possible, we think its unlikely that Israeli will launch an attack on Iranian oil fields as such a move would likely drive oil prices toward $80 - an outcome which would be frowned upon by Israel's allies, who are making strides against inflation. Instead, strategic Israeli strikes on critical weapons factories and military objectives are more probable, like the events in April. Furthermore, any potential loss of Iranian supply will likely be offset by the return of Libyan oil and increased Saudi production, as voluntary supply cuts expire on December 1st. by IG_comPublished 4
CL winning tradeBeautiful morning when you take a win on oil. This one will cover the heating bill for the season. All Glory To God I can cover someone else’s heating bill this winter as well. You have to be obsessed if you want to make it in trading. You’re only as good as your last loss. Longby Verum0Published 1