CL
Crude Oil - CL Daily WedgeStructurally, Oil looks to be moving higher in time.
We see Early July as the pivot to higher after a potential
dip in to lows to chase away the Retail Herd.
China imported a record volume of Russian crude in May,
with arrivals surging by 55 percent to nearly 2 million BPD.
This has made Russia the top oil supplier to the world's
leading crude importer—putting it ahead of Saudi Arabia
for the first time in a year and a half. A record volume
of cheap Russian oil, which sells at steep discounts to
crude from other countries, made its way to Chinese refiners
last month, according to figures from China's Administration
of Customs.
Off NYMEX Pricing discounts are quite common and have been
for some time.
Our Riggers appear bound and determined to spike Oil as high
as possible to suit their needs for the Greener Agendas and
pastures of the promised BBB.
Build back from the rubble... isn't going to work now other than
facilitate a move to Robo Transpo.
Bitcoin, Crude, The MoonOkay was doing some fundamental analysis and saw a strange comparison with bitcoin and oil! CAN YOU BELIEVE IT? THE OIL GAINTS AND CRYPTO?!?!!
So after some research it just appears that Bitcoin is just consolidating before we take off because once gas reaches $7 a gallon we won’t lag behind! INFLATION WILL ROCKET! And the white house already expects an elevated CPI reading this month.
Bitcoin, Crude, The Moon! ZOOMED INOkay was doing some fundamental analysis and saw a strange comparison with bitcoin and oil! CAN YOU BELIEVE IT? THE OIL GAINTS AND CRYPTO?!?!!
So after some research it just appears that Bitcoin is just consolidating before we take off because once gas reaches $7 a gallon we won’t lag behind! INFLATION WILL ROCKET! And the white house already expects an elevated CPI reading this month.
CL - Crude OilRevisiting Prior High @ 148.20, breaking it and moving to 175 - 185...
OPEC doesn't dig the Joey B.
MBS - Media Backed Shitstorm.
BIDEN - Begging in Doom Energy Nightmare
Brough to you by the WEF - Werewolves Engineering Failure.
Silver Bullets?
Nah, $7 / $8 / $9 / $10 Gasoline the goal.
To add insult to injury, Biden will attempt the Miles Driven Tax.
Daily Futures Volatility Forecast 27 May 22 Gold, Silver, OilGOLD XAU USD 27 May 2022
For today, the current expected volatility is going to be below 1.5% with a chance of probability of 88%
This is going to be translated in a movement of +- 27.6 from opening candle
Taking into account the close candle price which was around 1850 we can consider our daily channel the next
TOP 1878
BOT 1823
For today we have no big fundamental news which can affect the price of the asset.
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SILVER XAG USD 27 May 2022
For today, the current expected volatility is going to be below 2.78% with a chance of probability of 88%
This is going to be translated in a movement of +- 0.62 from opening candle
Taking into account the close candle price which was around 21.98 we can consider our daily channel the next
TOP 22.6
BOT 21.37
For today we have no big fundamental news which can affect the price of the asset.
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US OIL 27 May 2022
For today, the current expected volatility is going to be below 4.6% with a chance of probability of 88%
This is going to be translated in a movement of +- 5.25 from opening candle
Taking into account the close candle price which was around 114 we can consider our daily channel the next
TOP 119
BOT 109
For today we have no big fundamental news which can affect the price of the asset.
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Oil 4 hour : technical say it can see 122.00$above green arrow we can buy with SL= 108.80 support ( if 108 support break , oil can see mini crash )
after oil touch green arrow , wait pinbar comes on 1hour 4hour or daily chart come or in 15min chart , price break last upper trendline , then pick low size buy , try hold it to 1630$
ALERT = oil price is over value , i belive oil fair value is 80.00 so be careful , it can crash wild in future , for buys 100% put SL and never remove SL
wish you win
WTI Oil - a case for continued upside. Oil has had a massive bullish run since 2020 which was driven by pandemic followed by post pandemic demand in addition to the more recent geopolitical instability between Russia, Ukraine and NATO countries which accelerated the price to over 100$/bbl.
Years of negligible reinvestment into new oil plays by the energy sector and ever expanding demand for oil should allow price to continue to the upside to challenge the July 2008 all time highs.
Currently the asset is trading within a range between 126.45-92.20 price levels in what I am interpreting as an accumulation for upside objective of 140$/bbl.
There is a possibility for price to sweep under the outlined range to trap breakout short sellers before price accelerates upward and puts a squeeze on the bears.
CL-OIL Trading Signals Daily Analysisafter a chart study, the price of CL-OIL will normally fall in a few days, but as you can see, I have drawn 2 fields (red and green) which are resistances that the chart will try to break to clarify the Next trend NYMEX:CL1! NYMEX:CL1! , if we break the green resistance it means the start of an uptrend, and if we break the red resistance down, it will be the start of a downtrend.
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Energy - Oil / DeiselTrucking - specifically the $TRAN and Deisel Fuel Oil is under immense duress.
The primary support system for moving goods is seeing lasting stress which will
lead to further supply shortages.
Shortages will begin to appear at an accelerated pace into August.
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Stocking up on basics... a very good idea.
Buy Signal CLHi Friends,
This is just heads up, and look what oil price will do i guess all wonder... But this opportunity is high accuracy to go up.
We see and its all no good to all of us in the world...
We will pay more for everything with each dollar..
Have a good day everyone.
My Target for now 133$ per barrel. Long term 250$ .
This is my plan for Crude Oil.Crude Oil is one of my favorite assets to trade . My trading strategy on the commodity is about waiting for the price to reach key levels, then waiting for clear corrections in those areas, and finally developing setups on the breakouts of those structures towards the next relevant support/resistance level.
The timeframes I use on Crude Oil most of the time are Weekly, Daily, and 4hs.
What is my view from the current levels? After a huge bullish movement, caused mainly by the Russia-Ukraine crisis. We have observed a consolidation in the current zone for the last 40 days. From here, it's clear to me to define the long-term bullish target(140.00) and the long-term bearish target (80.00).
At the moment, I'm not interested in developing setups on the bearish side. However, I see a trading opportunity on the bullish side that I will definitely take if all the conditions go as expected. You can see my setup in the following picture:
The strategy here is to wait for a breakout, wait for a retest, and trade the retest on a new local high. Those retests I'm speaking about tend to take between 4 to 10 days.
It's really important that you can define the setups you are interested in in advance, so you can study all the different variations or situations you may go through and get ready for them. This will improve your trading results. Also when you define the scenarios you want to trade, you are indirectly saying that you will avoid trading in all the other places.
Thanks for reading! I will keep updating this idea. Feel free to share your view in the comments.