Long term shortWeak bull correction, strong possibility of a short, we have a flat abc the upside and price unable to break 57.83 for the 3rd time.
Cl!
CRUDE OIL WEEK OF 12-18-17See a nice run too $59.17, then look for support @ $58.56 wait for pullback on the 5 or 15 minutes. First and second leg already created have fun!!!
cl trading plan for the next 1-3 years EW trading play for cl , once price reaches 60 it should correct making a down trend for few months, then the real uptrend should happen , goodluck all
Short opportunity1-2 buyers wave.
3 – Uptrust manipulation stops gathering.
3-4 SOW strong sells.
2-4 BTC back to creek and to ½ of wave 1-2.
4-5 rejection from BTC and ½.
5-6 SOW strong sells.
Oil in backwardation could revertlooking to short this spread at the line and arrow, these can be ugly, but also very nice and use very little buying power.
Ask me if like more details
Oil long term setupOil looks to go much higher if it can break out of what appears to be an inverse H&S neckline. Bullish case +1 because of successful tap and pop off channel resistance line (now support).
OIL'S BULLS AND BEARS AND THEIR TECHNICALS POINTS!Hello traders, i hope you are having an excellent trading week let's see the technicals of oil.
First of all i want to reminde you an article i have written a long time ago which was saying that sooner or later the bullish fundamentals of Oil would take control and that exactly what happened after all(I have attached this article below.)
So after a short correction rally to the upside let's see what the technicals have to say.
TECHNICALS OBSERVATIONS
1.We can notice the long-term blue descending channel and the short-term red ascending channel.
2.RSI looks bullish as we are above 50 at 60 level which implies that we have space for some upward momentum.
3.The 200EMA is flat and the price is above the EMA which favors the longs trade.
4.We have also the Ichimoku cloud,trend line and 200EMA as a support with bullish signs.
5.We can see also the support and resistance areas with the black dotted lines.Next resitance level is 52-52,30 where the price is now and after this is 54-55 level.Next support to the downside is 49-49,20 level.
THANK YOU FOR SUPPORT!
HAPPY TRADING!
KEEP FOLLOWING FOR MORE PROFITS!
CLX2017 & QMX2017 Predictions from ML AI for TuesdayI use pivot points, historical data, and machine learning models to help me trade QMX2017 and CLX2017 futures. Tomorrow my models predict another drop in price.
QMX17 & CLX17 Predictions for Tuesday 10/3/17
Binary Price Change Direction: 0, indicating a downward price change
Binary Price Change Probability: 34%
Numeric Price Change: -0.56
Polar Numeric Price Change Indicator: +1.17
QMX17 & CLX17 Predictions for Monday 10/2/17
Binary Price Change Direction: 0, indicating a downward price change
Binary Price Change Probability: 39%
Numeric Price Change: -.91
Polar Numeric Price Change Indicator: +.82
QMX17 & CLX17 Results 10/2/17
Actual Binary Change: 0
Actual Change: -1.09
Binary Price Change:
The binary Price Change is 1 if the price change will be up at end of day and 0 if it will be down.
Binary Price Change Probability:
The probability the Binary Price Change. 50% and up translate to a 1 or positive change at end of day.
Polar Numeric Price Change Indicator:
In the case that the day's price trend does not match the binary prediction. This predictive indicator uses the opposite value of the Binary price change.
Numeric Price Change:
The predicted price change at end of day.
more at dutchess.ai
5 waves completed this idea explains that crude oil has completed 5 waves and should go to below 48.50 level !
CL - Crude Oil found support at the CenterlineIt looks like the Centerline give support for CL.
If it holds, then we can see a potential Test/Retest up to the L-MLH, the line which was broken to the downside.
Short term long.
P!
potential good long trade opportunity in this chart , looking forward to a reversal in the crude oil market . with potential target up to 48.50
USOIL: Expanding on the analysis$USOIL has given us further clues with the recent developments. After the futures expiration, we had a big drop, but bulls supported the price before hitting levels that would put the rally in danger in the short term. We now have an active uptrend in the daily, and the end of a short term daily downtrend today, which indicates to me that we will see immediate upside in oil. If you for some reason aren't long, you can definitely join longs here, or on slight dips, and aim for the targets on chart, at least. This might end fulfilling a monthly uptrend signal, which could propel oil to the upper 60s, to even $100+-5 as an extreme target.
Check out my previous publications, I have been moderately on point, capturing the extremes of the range, and I think now we might be able to catch the next trending leg, let's wait and see.
Cheers,
Ivan Labrie.
USOIL: Long term and intermediate term viewI'm holding oil longs, and exposure to oil via correlated equities, and looking to ride the upcoming trend. It is likely to see a breakout in the short term, this might ignite a monthly, and potentially quarterly uptrend continuation signal. This falls in line with what the quarterly downtrend suggested, time and price wise. The price target was exhausted ahead of time, and after that we saw a strong rally, and for a long time, we have been in a consolidation and accumulation phase. The expected time to consolidate before rallying was reached now, so, it is highly probable to see a massive rally in oil from here onwards.
Daily charts show an already active uptrend, and a continuation signal after a pullback. Bears might get squeezed in little time. The potential upside is huge, so, don't miss it. If you didn't buy oil yet, you can try buying on dips, or at market open, and averaging in for a couple days with a wide stop under the recent lows. Energy stocks are also a good idea, you would have to do your own research here, but, focus on companies that have strong correlation to oil prices.
Best of luck!
Ivan Labrie.
Short Crude OilThis is the intra day tick chart. There's are my first trading view publications so please have patience while I learn their system. Hope you all have successful trading!
This level critical for oilIf 47.50 doesn't hold, the price could re-test 42.50, otherwise move higher..
