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QM1! trade ideas

WTI Crude oil - last updateOverview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API crude oil stock tonight. Technical signals: RSI and Stochastic in positive area. Trends analysis: After the movement of the last days we redraw the technical analysis and the trends perspective. A clear head & shoulder closed with the today's breakout of the neck line, and potential extension till $81.50/$82.00. So this is the updated reading: primary(purple): downward impulsive structure wave 4 with target @$80.00/$82.00, intermediate(green): corrective structure wave C, minor(yellow): upward impulsive structure wave 2. Strategy: Neutral delta, following a potential technical pull back till $75.70! Then positive looking for the upward trend extension till area $79/$80/$82. Stop: not set. ----->>Today's session corrections: @$76.97 from +0.69 to -0.03 Our current delta: @$76.46: -0.12
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading
WTI Crude oil front expiration - last updateOverview: Weekness due to the OPEC+ meeting uncertainty. Strategy: Positive Delta looking for a technical rebound and waiting for the CoT report which is gonna be released today. We hold moderate positive position. Our current delta: @$74.20: +0.20 Technical signals: RSI negative, Stochastic in oversold area. Trends analysis: primary(purple): corrective structure wave A, intermediate(green): corrective structure wave C, minor(yellow): impulsive structure wave 2. On breakout of $73.90 the intermediate(green) trend will go back to wave B asymmetrical structure. ----->>Today's session corrections: @$74.80 from -0.36 to 0.30
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading
84% PoP - Playing the Oil Prices with /MCL Futures $USO $CL I've decided to make a play on the oil prices and chose /MCL futures for this venture. The trade required a BP (buying power) of $600, with a maximum profit potential of 1.07cr. This sets up a favorable risk-reward ratio of 1:6. The IVR (Implied Volatility Rank) stands at 51, which is advantageous for the credit strategies I prefer. With a PoP (Probability of Profit) of 84%, the conditions seem ideal for the 34 days duration I've set for selling the 70 put leg. I opened an semi-bullish position with a put short on the January expiry /MCL futures. My expectation is that the oil prices will either not fall too rapidly or will actually rise. For future management of this position, I have two scenarios in mind: If the Oil Continues to Fall Strongly: In case the oil continues its strong downtrend, I plan to sell a call leg on top, transforming the position into a strangle from the current naked put. If the fall is steep, or I fear that the break-even point of $69 might be breached, I'll hedge my risk by purchasing a put around the 60 strike, turning it into a credit spread and wait for the 21 DTE (Days to Expiry). Stagnant or Slight Rebound in Oil Prices: If the oil price doesn't move much or rebounds slightly, I'll quickly close my position for a profit. The target? About 50% of the original credit received for writing the put, which amounts to roughly $50. This would mean a 10% return on my utilized capital, which I find quite satisfactory. In summary, this strategic move in oil futures trading is well-aligned with my risk appetite and trading preferences, providing a good balance between risk management and profit potential.
NYMEX:MCLF2024Long
by TanukiTrade
Crude Oil MCX Future Analysis - 28.11.2023 📈 Trading Alert: Crude Oil MCX Future 🛢️ Levels By: Trading Marcos 📆 Contract Month: December ⏰ Intraday Levels For: 28.11.2023 📊 Day Range: 211.00 🚨 Trigger Point: 6267.00 📈 Buy Levels: Buy At: 6286 Add Position: 6262 🎯 Buy Target 1: 6397 🎯 Buy Target 2: 6478 🛑 Standard SL: 6256 🛑 Preferred SL: 6227 📉 Sale Levels: Sale At: 6237 🎯 Sale Target 1: 6137 🎯 Sale Target 2: 6056 🛑 Standard SL: 6267 🛑 Preferred SL: 6296 🚨 Disclaimer: This is not financial advice. Trading involves risk, and past performance is not indicative of future results. Please do your own research and consider your risk tolerance before making any investment decisions. The provided levels are for informational purposes only and should not be considered as a recommendation to buy or sell. Always consult with a financial advisor. Happy trading! 📊💹 #TradingAlert #CrudeOil #MCX #IntradayTrading
MCX:CRUDEOIL1!
by NumroTrader
Inverse Head and Shoulders Building in Crude!Amidst the current weakness in crude oil prices, an intriguing technical pattern is emerging—the inverse head and shoulders formation. Renowned for signaling bullish reversals, this pattern is unfolding against a backdrop of market sentiment reflecting concerns about weakened demand due to a slowing consumer. The shoulders of the inverse head and shoulders pattern play a pivotal role as critical support levels, indicating a potential turnaround in crude oil prices. Currently finding support in this region, the market appears poised at a crucial juncture, underscoring the significance of this technical formation. Investors and traders closely monitor a key support zone ranging between 74.75-75.00. A break and close below this level could signify further downward momentum, potentially leading to a retest of the lows witnessed on November 16th. To witness further upside, crude oil would need to sustain a break and close above 78.00 before retesting 80.00, where 80.00 represents significant psychological resistance. This price action would confirm a reversal in the bearish trend observed lately. Looking ahead, potential catalysts for higher crude oil prices include OPEC's production decision on November 26th. Additionally, the possibility of interest rate cuts occurring sooner than anticipated can significantly influence market dynamics, as easier financial conditions could stimulate demand for travel and transportation. 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
Its hard to talk Straight and Right/!>Hello dear participants in the Market I am trying to somehow use political perspective as less as I can to express my view on the economic part. But I think the general awareness on the subject justifies my use of this kind of references more. There is a lot happening and its getting harder to stay neutral. The line between the power(political) and finances had become so thin, and we can see the market reaction to this struggles and sometimes it feels like a financial battlefield between grand players and sides(there is a visible harmonious movement most often). What they are referring to these days as “the axis of evil” the new version of it of course, it must not hide or going unseen the impact of Many other parties playing… But considering these three major countries, Iran, china and Russia influence and sometimes shared interests, makes the idea of an unusual(unwritten) alliance between them more possible But there are differences in their decision making dynamics. China has a future defining role here. It seems like they are preparing for different scenarios, maybe in controversial ways sometimes But if the peace chances looks stronger, I believe that they are ready to contribute to the way of maintaining and restoring some of the civilization's values in this chaos. Iranian anti semitic government position in regard of the current events is disappointingly clear, in fact it’s been clear since it’s evolution turn-around in 1979, and like so many nations most of it’s people aren’t at the same page with their government's foreign policies and its overseas activities. Its very important for us at this stage, to try define some key words because it makes a lot of difference given our minds way of measuring things nowadays. So given the circumstances the word “fair” make a tricky obsession of our sense on it, so the term “balanced expectations” is a more suitable and calculable way to deal with the reality we’re facing now. What that should motivate us besides color, culture, religion, language, geography and even differences to stand out against the path which officially started nearly two years ago have to be the desire for peace and tranquillity. because if this continues it will ultimately touch all of our lives more than how much it already did and it won’t be a pretty sight for none of us if we let it be. I think one thing we can do (which some began and are doing) is to determine the post-war solutions around geopolitical conflicts So much that we will see a New(considering the expectations formed by the previous re-actions) picture better than before this chaos because we paid and are paying a painful price ever since and I think no Sane Mind having a desire for more now. The game of power has been always suggested any shortage in responding as a sign of weakness and its true that we’re all a product of nature after all and we didn’t lose our animalistic instincts, we just learned to live above them, and base our judgments on reason and flexibility with counting on the hard earned values we gathered throughout our (bloody) history as humans(the good definition of it), So we know enough, and it’s our choices which’s making the difference… The more validate type of analysis about political military actions is to analyze interests gained by parties, and its true that manipulation of this kind of basic perception is a tool being used and using still And even this method of manipulating could cause some kind of reverse psychology effect, so confusion is the main game and ultimately a lesson i hope it to be for us to learn, a lesson which should enhance how we perceive the ongoing reality.realities Its seem like Middle east war has its own attention especially with America from west and almost all nations in the Region. What “feels” like an expected discrimination, is showing itself and what threatens the future of our Civilization in peace and prosperity is this very feeling’s existence ! But Europe, is one of the powerful forces in the axis of peace and i think they can help out Ukraine if it receives proper (especially)financial support so it makes our currency related plans more clear. Ukraine's destiny, is very sensitive to our specie's evolution in its history and it will define all of us as modern civil humans in an uniquely designed era of our world. And i think its time for Capitalism to engage its resources into the ongoing issues more than ever and the front line of supporting is the Europe zone. It’s obvious that we all want peace but its not that simple, there are a lot of variables with different natures and reaching that point with solid and stable outcome needs…<;,>’’ We understand now that our destiny (living..) is very much linked to each other at this stage of the civilization, So as peoples affected by decisions out of our control or even knowledge we should remind our selves that we are the main vein of every major changes through history and this time we can choose not to be just the subject of Their deciding, for Ourselves. S People can show that they have a say in or against politics around this deep rooted chaos, now is the time, now we have the chance to brighten our role(as a..?) in this critical chapter of modern history, to honor the sacrifices of those who lost their lives for the path to the next chapter of our Civilization as a Whole in peace and harmony. And its kind of exciting to witness and participate in the building of a new world a one which… (:coming soon:), uniquely with no similarity to anything in our known history.
MCX:CRUDEOIL1!
by Danial313
WTI Crude oil front expirationOverview: The price just approach the first important resistance area, a downwards trend line. This dynamic resistance has already rejected prices 3 times since its formation. Lateral trading waiting Wall Street's short session. Strategy: we hold delta neutral position waiting for a breakout. In this case, we will go long with a stop level @$76.30. Our current delta: @$76.65: 0.06 Technical signals: RSI still in neutral area, Stochastic positive. Trends analysis: primary(purple): corrective structure wave A intermediate(green): corrective structure wave C minor(yellow): impulsive structure wave 3 Mandatory rebalance level: not set Today's session corrections: ----->> @$76.65 from 0.48 to 0.06.
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading
USOIL option sentiment based on CME data analysisA big "butterfly" was detected in the January oil contract, which is a directional strategy with a target of $90, also known as the previous local maximum. It's important to note that this strategy appeared after a 4.7% decrease and when the 90 price was significantly lower and oversold for our mysterious participant, let's call him "X". *********To summarize, such a situation can be interpreted as clearly positive. However, it is worth waiting for additional confirming factors. Do not hurry to open longs right now!
NYMEX:CLF2024Long
by ClashChartsTeam