CL
oil, CL Day trade ideas for June 17thToday's looks to be a trading range between 51.5 and 53 so until we get out of this range all I will be doing is looking for shorts near the top of the range and longs near the bottom of the range. Days like this are when the screen share signal generator can help see momentum change helping to keep your trades on the right side of the market
CL, Oil day trades ideas for June 14thToday will be looking for a long trade on a move back down to 51.70 area or the support base made in the early hours of trade. the up side first level target will be 52.75, however at this level will be watching for a break above that I hope to be able to still be holding part of the long trade. Will most likely be avoiding any shorts today unless after a good sized up move we get a impulse down I can react to.
CL, Oil day trades June 12thToday's back and forth range could be 51.20 to 52.50 with most of the traffic around 51.75, So the trade plan will be to look for longs from bottom and shorts from top, and in the event we move out of this range then will watch mostly for longs above this level targeting 53.50, and a break below will have a target of 50.50
oil CL day trades June 7yhToday the middle of my chop zone will be 53 and the top of the range is 53.85 and the bottom is 52.30.
Trading above this range will target 54.28 and trading below target 51.50
would be fun to see this trend but have a feeling we will stay pretty close to the trading range today
cl oil day trading June 6thtoday's trading range of 51.50 to 52.50 is not giving much more info to today's trades other than further down is most likely in a bit bigger picture. above 52.50 will be looking for resistance at 53 area and below 51.50 will be looking to retest yesterday low.
So Today my idea is to be range trading in the range and then look to be holding long from range bottom in the event of a up side break and holding short from the range top in the event of a down side break. In the range its self will be protecting gains at range top and range bottom
OIL day trades June 3rdToday looks like a 54 to 56 trading range could be the play so will look to trade back and forth if we remain in this consolidation. A break below will have me hold shorts from above if the signals are bearish, and a break above 56 I will hold the long from below if the signals are bullish. So summary is 54 to 56 I will short the top of this range and long the bottom but as the trade moves towards the opposite range boundary will see if I see enough strength to carry me past this range and if not will take off the profit. alternatively if trading more than 1 lots will reduce size and boundaries and hold a single runner for possible break out
oil, CL day trades for May 31This could be a good day for trading oil even if we consolidate due to the possible large consolidation range of about 1 point. so that will be primary focus until the over or under line gets violated. In the event we move out of this range will update with targets and ideas at that point. other wise will be keeping it very simple and looking for reactive triggers to trade off of.
Crude melting in trade WarWelcome to all traders
This is the broader picture of the correction pattern of CL
we all know that crude prices are effected by Trade War but chart is also directing towards a correction that is going on that started around 66 area and now heading towards 50% entrancement zone that lies around 54.40 0.382 just broken yesterday expect further drop in coming days
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
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.