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Daily View + Trade Idea on Crude Oil by ThinkingAntsOkUse this as a guide to develop your setup: a)Based on the post we upload yesterday on Crude Oil we have developed a short setup (check related ideas) b)Our Entry / Stop / Break Even / take profit has been set. c)We expect a continuation of the bearish movement towards the next support zone d)We can see 2 circles on the chart that are similar situations, and the previous one helped us to develop this idea based on the technical aspects we currently have. e)We always take all our trades to a 1% risk. f)The Risk reward ratio on this one is 1:2
NYMEX:CL1!Short
by ThinkingAntsOk
cl, oil, day trading for Feb 21st 2020Oil has been moving down back into the top of the prior multi day range and this red bottom is an important level to watch to know if the buyers step in or just let it go back into that prior consolidation. For today at least oil is giving a look that the up move is tired and does not want to push much higher. So I will be looking for smaller choppier trades or a break down into lower areas. I do keep my mind open to being wrong and am always ready to go long in this situation if the buyers show up and push hard to the up side.
TVC:USOIL
by alleytrader
cl, oil, day trading for Feb 12th 2020oil is off to a bullish start heading for the top of the big range I have mentioned a few times. The first targets are close to the current action to see if oil can push past where some selling is likely to happen. This is either a look for buyers and in that cause we find them or we do not. If they are found a good sized up move could be coming and top of range of 52 is very possible. and if the buyers do not jump on board then a rejection back into the prior days range is my second trade idea.
TVC:USOIL
by alleytrader
cl, oil, day trading for Feb 10th 2020today the early session is setting up my boundaries very well, I do however have a light red zone for short at 49.8, and this could take s right past red low to the prior range bottom. In the event we break that low I then will look for targets, until then i have no values lower. Oil is and has been trading in a larger range from 49.5 to 51.90 and until this is cleared i expect we stay put and if this info remains correct then I think early on today will set up a in range long side trade.
TVC:USOIL
by alleytrader