Cl1!long
USOIL BUY SETUPTVC:USOIL NYMEX:CL1!
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BUY SETUP!! CL1!NYMEX:CL1! TVC:USOIL FX_IDC:USDWTI
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gold is valid for entry - l'or est valable pour l'entréeANGLAIS :
Hello everyone
Gold is now in a good entry point after the descending wave shown in the blue line. However, gold now has fierce resistance, it must cross 3 resistances: green, yellow, orange and will go to the moon
Note: The output in the first red candle you see is greater than the green candle
FRANÇAIS :
Bonjour à tous
L'or est maintenant dans un bon point d'entrée après la vague descendante indiquée sur la ligne bleue. Cependant, l'or a maintenant une résistance féroce, il doit traverser 3 résistances: vert, jaune, orange et ira sur la lune
Remarque: la sortie de la première bougie rouge que vous voyez est supérieure à la bougie verte
crude oil futures ORDRE LONG / 30 $ & short / 60 $ .
HELLO the winning investors I hope you are well and in good health.
Here are some ideas to get the most out of it and also to give good results,
I sincerely hope you enjoy it and give you good ideas and lots of things. ... Besides, do not hesitate to like and share this analysis & thank you the winning investors
Crude Oil breakout towards $48 a barrel possible. With most of the economies around the world returning to their pre-Covid19 capacity, it only makes sense that the demand for Oil will increase. The US government has also been rumored to be thinking about giving Americans a $4000 vacation tax credit to help boost the tourism industry.
What pitchfork indicator says about Crude oil Future!!The pitchforks indicator gives us signs on the trend of Crude Oil Future.
We have an increasing trend between S1 support and R1 resistance, so we expect that CL will continue evolving inside that hallway.
In case he breaks down the S1 support, we will see a bound on S2 so that the CL continues its growth inside that indicator.
However, if he break up or down the pitchforks indicator, we expect a new trend of CL.
CL signalsThe Crude Oil future is in general in a decreasing trend, but inside the hallway between R1 and S1 it was increasing. Currently, we have signs of decreasing trend, since we have that red volume and red candle after succession of green candles.
The advice is to sell CL now for intraday trading. We expect its decreasing to reach the S1 Support.
Oil Future for intraday tradingHello traders,
The oil future is marking signs of an increasing trend.
We have important volume and special candles that assure this increasing trend. For Intraday trading, it will be profitable to buy now, and wait either for the red volume and red candle to sell, or wait a break of the resistance R1.
The advice for intraday trading is to buy and wait for red volume and a candle, and for the resistance R1’s break down or up.
CL, Oil Future in a good progressHello Traders,
Since 12 June, CL is taking an increasing trend, despite some up and down changes.
The pitchfork indicator shed light on the hallway and the trend support on which the CL is making progress. If the CL breaks down this support, I expect a comeback to first resistance.
The Advice about CL: In general, CL is taking an increasing path Bounded by the Pitchfork Indicator.
wait the resisitance breakoutCL will show a strong buy signal after it test the resistance line with break it out with big volume
My analysis on Crude Oil Futures Hi guys ! this my opinion on what crude oil can do after some few hours , follow the chart instructions if you're interested and thank you !
Oil rally off news, to continue to $65! Crude oil prices skyrocketed from the news that there was an attack on an Iranian militant in Iraq which increased tensions and caused oil to pop. Oil was already on a tear to the upside and market structure suggested long side, this just gave price a little jolt of energy. Tensions may continue to rise but market structure is still saying upside. The break above the top of the channel ensured the upside. The bottom of the channel and support structure held really well on the intraday with a double bottom at $60.70-$60.80.
From the break of the previous high at $62.30 and the break of the channel we have now experienced a pullback into that area for a continued move higher. The $62.30 level held as support really well after hitting the $64.00 area. The next target is $64.00 yet again which is the 150% Fib extension area so target 1 was hit. The next target is the 200% Fib extension at $64.98.
Should price break below $62.30 there is a potential for a pullback into the support at $61.00 where the impulse from the drive higher started.
This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
ridethepig | Energy OverboughtA good time to update the Oil chart after the OPEC desperation leg. Those following the previously posted long-term macro chart will remember the breakout we have been tracking:
On the demand side, manufacturing remains sluggish and we are again outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day with only one direction for Oil in the long-term.
For the flows I continue to sell rallies, this works nicely as a hedge versus the USD devaluation / reflationary theme for 1H20. A major breakdown here will cause for a reassessment of the USDCAD macro map for 2020.
Remember we traded some of the swing highs previously to the tick:
Overall, I see the case for meaningful Oil weakness in 2020, but if we get significant USD devaluation - maintaining longs will require patience and tolerance. Difficult to trade, for sure, but I still feel the bigger Oil risk lies to the downside. Thanks for keeping the support coming with likes, comments and etc.
Good luck all those selling rallies in Oil.
Crude Oil targets keep getting hit, next level $62 & beyondCrude oil has made a strong run to the upside through a lot of resistance levels and target zones and the commodity still has room to the upside. The first level that was broken that we were targetting was at $59.90 and just above that the top of the channel at $61.00. The $61.00 target was barely hit on the day before price reversed slightly lower.
The support structure we're watching for price to hold and continue higher is $60.35 but the price could move slightly lower into the $60.00 area before finding some support. Ultimately we have one last chance level at the impulse start which is at $59.50 but we don't anticipate price moving down to that area before seeing a rally through the $61.00 resistance area.
A breakthrough $61.00 could drive the price up to $61.50-61.70 and the retrace, we want to see it stall at $61.00 to confirm the upside and continue to rally. This is what we're looking for.
Disclaimer: This idea is for educational purposes only, this doesn't constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Oil holds support well, a new high is coming up. Long CRUDE OILThe uptrend has been prevalent in crude oil with a slight hiccup early in December, otherwise higher highs and higher lows have occurred. The most recent was a break above the strong resistance at $58.70 and held it as support.
The candlesticks are really important in this analysis because the wicks are really pronounced and extended which suggests the buyers are in control to a strong degree.
The break and retest of the level at $58.70 was a break of a previous high and retest that held which confirmed the bull trend. We ticked the first upside target on oil at $59.90 and now we expect the next target level which is first at $60.50 then at $62.00 based on the Fibs.
One sign of concern is the volume is not the strongest on this rally higher and there are choppier candles that have printed which does not convince us too much of a direct path higher.
If the $58.70 support is broken and price continues lower, that breaks the trend.
Disclaimer: This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
Crude oil hits our target area, is there more? $62.00??Oil has been on a tear this week and its mainly due to a lot of OPEC/OPEC+ talk. The upside came out on news of production cuts hitting the system shortly and we were anticipating price hitting the $60.00 area or near at least. That target was easily hit this week and now we have to question where could it go from here?
There are two possibilities:
1) The price could regulate and drop back below $58.70 and remain in the $57.00 area based on the weaker volume on these last moves higher and also the fact that the production cut news has already been priced in. It may be deemed overpriced by market participants and we can identify that if the $58.20 level breaks which is the impulse that brought price higher and price continues to drop below that holding it resistance on rotations.
2) Oil prices could continue going up and our target is $62.00. This is based on the current market structure of a strong uptrend. Higher highs and higher lows, for this to continue we can experience a pullback to
$58.60-58.70 based on the previous broken high and then continued move higher.
Disclaimer: This idea is for educational purposes only this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Oil set up for another run to $60.00. Production cuts are the talk of the day and the foreseeable future around the OPEC and OPEC+ meeting. We recently saw an extended move to the upside from the support structure. From here we moved into the previous strong resistance level at $58.70 and now we do anticipate more upside, should the mapped out support zones hold.
Oil could find itself down to $57.00-$57.10 where the impulse started the break to the resistance area that is also the 50% Fib retracement zone from the move. The first support level to watch however is $57.85 for the extended move up to the targetted area at $59.90 and $60.00
Disclaimer: This is for educational purposes only, this idea does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Crude OIL longs have held, next stop back above $58.50!Crude oil manages to come back to a key support level and rotates well. The $57.90-58.05 area held really well and the long extended wicks on the candles suggest a strong buy sentiment is protecting the upside.
The buyers are coming in on strong volume and we expect price to move back to the resistance level at $58.50 first and then through the $59.00 level.
The support we identified also comes into confluence with the volume profile edge support for the month of November.
Price needs to stay above $58.00 should the longs hold this level, below $57.85 this trade is losing steam, we have no seen a candle close under that level to end the week.
