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QM1! trade ideas

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
a daily price action after hour update - oilGood evening and i hope you are well. Quote from my weekly outlook: short term: slight favor for the bulls to reverse Friday and trade above 79, there could still be resistance if bulls won’t push above with some force. bears win below 75 for at least 74 or lower That outlook was good for 300 pips. Hope you made some. bull case: Bulls got exactly what i have laid out. 79.62 was the high before many took profits and bears shorted aggressively. Bulls bought the bull trend line right under the 1h 20ema and to me that’s bullish because bears could not get lower lows. I expect bulls to trade back up, as long as it stays above 78. Target is still 80. bear case: Bears sold the highs and reversed the big breakout but until they break below the bull channel under 78, they have to cover and wait for higher prices again. short term: sideways to up for 80 and invalid below 78. medium-long term: same as last weeks. sideways inside the big triangle, above 80 odds favor bulls to get to the upper bear trend line around 82-84 trade of the day: buy 78 and sell 49 when the big bars were forming or buy/sell at the bull channel lines
NYMEX:MCL1!Long
by priceactiontds
Crude Oil Approaches Major Resistance! Crude oil futures are currently facing a confluence of factors that could significantly impact their trajectory in the coming months. One of the most significant developments is the potential extension of voluntary oil output cuts by OPEC+ into the second quarter, with the possibility of extending them until year-end. Fundamentals: On the monetary policy front, Fed funds futures have shifted their expectations for interest rate cuts from March to June and July. This change reflects the Federal Reserve's cautious approach to monetary policy amid signs of economic strength. Speaking of economic strength, the latest reading from the Atlanta Fed GDPNow model suggests a robust growth rate of 3.2%, surpassing the expected 2.9%. A stronger economy typically supports higher oil prices, as it indicates increased demand for energy. Technicals: Crude oil futures are currently facing major overhead resistance in the range of 79-79.95. A break and close above this resistance level range could signal a bullish trend for oil prices. In summary, the potential extension of OPEC+ oil output cuts, coupled with major overhead resistance and a stronger economy, could serve as supporting catalysts for crude oil futures in the near term. Investors and traders should closely monitor these developments for potential trading opportunities. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
NYMEX:CL1!
by Blue_Line_Futures
CL1! (Crude Oil) - 4 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NYMEX:CL1!Long
by TheArtOfCharting