cl oil day trades may 30Today oil is not giving me much info to create from so will be watching 58.56 for a bounce and 59.48 for rejection. Moves out of this range will have me stalking continuation action. will keep you posted
Cl!
day trading Oil, CLToday will be looking for a break above 5770 for a long idea up to first target of 58.33, and a break below 57.14 for a first target of 56.75. If we remain between these tow prices will be trading it as a consolidation range
$CL_F crudeoil day trading May 28Looking to trade in a range below over line and above under line until this market breaks out, then the next shown lines will become the next target. After break out and based on how it breaks out will dictate how I will pick my trade.
$CL_F Oil day trades May 14thToday after a big down move yesterday will be looking to see if oil is just going to consolidate sideways, will be watchful for any impulsive moves out of the area set out and then take a long or short based on how the market performs, will update as the info flows in
CL $cl_F usoil day trade may 23strong down move that might need a bit of buying to re balance and then find more sellers, for a couple targets lower that will show up if the move gets going. would need a move above 60.44 before even thinking to the long side. so plan will be to stalk shorts on a small bounce up
CL day trading May 22Today if 61.90 holds as support then think we move back up to 63 area and just chop around after that. and a move below 61.90 then will target 61.20 for the short
Oil Looking Ready to BreakoutOil seems poised to rip to higher prices after yet another Trump tweet knocked it down 300 ticks or so from the 66 handle down to the 63 handle. Historically, the markets take his tweets seriously in the short term, but nothing has changed in the way of the fundamentals for CL. There is still turmoil in the middle east, Venezuela, and with Iran. Libya and Nigeria in particular have been on the map as of late.
Technically, we appear to have completed a nearly perfect Elliott Wave corrective phase. If this is the case, we can expect a breakout from current levels, if not, we will know very soon. We are wrong if it breaks down from $61.71.
The Kovach Momentum Indicators note decline in momentum. This has leveled off suggesting a breakout is near. The Kovach Reversals Indicator posits that we are in the middle of a range confirming that a breakout should be near.
MASSIVE OIL Sells on Daily chartAs i mentioned before in my post - we're waiting for OIL shorts. So now we have:
1) Huge false break out on DAily of S/R level.
2) False breakout of 61.8 FIBO zone.
3) Short candlesticks formation on DAILY.
4) Engulfing DAILY candle
5) Close lower previous HL (higher low)
6) Break of DAILY trend line
7) MAssive volume over $65 zone
strong frist-step for bear ! foucsing on forming reversal singalPut the eyes on first B-C wave
it must be deeply enough to recoginzed long-term bear-side
i would continue short if B-C wave beyond 2 dollar (66.60-64.60)
CL - Crude Oil Future - Sell @66.25 SL @66.45 TP @ 65.56CL - Crude Oil Future -
Sell @66.25
SL @66.45
TP @ 65.56
"Starting the week on USOIL” Multi timeframe view by TAvisionThis is our “Every-Monday” report on USOIL with a full vision over 3 timeframes.
4H CHART EXPLANATION:
- Price is on a confluence level (Pullback to TL + Resistance Zone).
- Bearish Divergence on MACD.
- if price breaks the ascending channel (63.60), it has potential to move down towards the support zone (62.2)
- We will be looking for sell setups on lower timeframes.
Updates coming soon!
MULTI TIMEFRAME VISION:
Weekly:
Daily:
Crude oil Big shortBig short
We touched resistance line and dont break this is mean OIL need show correction
Volumes decrease
W1 chart
"Top and Bottom Analysis" Us Oil (WTI) by ThinkingAnts4H CHART EXPLANATION
- Price is currently on an Ascending Channel.
- As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback).
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We will be looking for sell setups on a lower timeframe.
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
CRUDE OIL.just a little bit more..
focus now shift to the downside.
looking for opportunity to go short with wave 3.
A full spectrum of views..Here we are dissecting the Daily chart for Oil. From a technical perspective we are completing an ABC correction after an impulsive 5 wave sequence to the downside.
The first level of interest for shorts comes in at 61.14 with the possibility we can extend as high as 64.59. As long as we remain below here the moves will be considered corrective. In other words, a tick above the highs will invalidate the positions.
Whilst the downside remains the main area of interest here it is worth questioning whether the market has retrace far enough already to kickstart these flows..
Best of luck and thanks for all the support in keeping the account moving forward.
CL: false breakdown possibility59.9 price alert.
Short sell if price return under level.
Medium term Buy order at 56.5
Tracking the highs in Crude after Supply cuts are priced inHere we are tracking a retrace in Crude after expected supply cuts are fully baked into the market.
Bulls are going overboard here, forgetting that we have demand shocks coming with the global slowdown. The impulsive leg down last year was caused from the supply side, there is very little that can be done here to get back to these levels again.
Good luck everyone trade this live.
Oil starting to look exhausted...Here we are tracking a large swing to the downside in oil. I would like to fade the highs here and target the range lows (see attached idea for those wanting to target 45 in the coming months).
This idea is for the coming sessions as crazy as it sounds, we have some monster moves coming on the demand side. The ECB confirmed the slowdown is real and the FED are going to continue the dovish tone meaning we have all the cards we need on the monetary side.
You may also see it wise to simply sell a break of the red trend line. Stops clearly marked above the highs at 58.30 whilst targets sit below at 55.4 and 52.9.
Thanks and best of luck.
(CL) Crude Oil Futures will reach $60 this monthBased on Fib, Crude Oil will reach $60 this month. No immediate bull trade as current price is far away from stop loss
