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Crudeoilforecast

Crude oil trade analysis International oil prices fluctuated slightly on Thursday (May 30), with U.S. crude oil currently trading around $79.13 per barrel. Oil prices fell about 1% on Wednesday on worries that weak U.S. gasoline demand and economic data could lead the Federal Reserve to keep interest rates higher for longer. High interest rates aimed at countering high inflation could drag on economic growth and reduce demand for oil. Crude oil persisted despite the headwinds yesterday. Both short positions at 79.4 and short orders at 80.2 made profits. Today's white market resistance is 80 and yesterday's high of 80.6, while support is 78.5 and 77.7. At present, the 4-hour SAR indicator has completed the top-to-bottom transition and appears at a high level. Today, Thursday, the trend continues to rebound high and bearish. Crude oil strategy: short after rebounding at 79.7, covering short positions at 80.3, stop loss at 80.7, target 78.5-78, hold if it breaks below;
TVC:USOILShort
by Jerome-Leon
1
Crude Oil Tuesday ForecastI Have in Mind that we will be BEARISH bias mostly this week as we have Tapped into the Premium Daily FVG yesterday and rejected lower. My two targets shown in the forecast are the arrows. Daily PDL Weekly SSL Now it is important to realise that the market is moving in London and a straight sell into 0830 or 0930est wouldn't be the best move. Waiting for a retracement and then finding your model to get into the market is what we all strive for and to do couple times a week as intra day traders if the market gives us the opportunity. Lets see how this plays out !!!
NYMEX:CL1!Short
by IamThattrader
Crude - Testing the waters...We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would want some breakfast first before I head down for lunch and dinner right? So for PRE 0930EST im watching to see if price respects the 4hr FVG's. This will indicate some bsl to be taken.
NYMEX:CL1!Long
by IamThattrader
Monday Crude Oil ForecastWith no news injections today I would stay on the side lines. We have Daily Wick level in conjunction with a 1hr FVG which if Crude Oil is substantially bearish should respect leading upto NY open and CME open. The overall bias for me is still bearish with weekly ssl in the lower half of the charts marked with a magnet. This is the draw and what I will be waiting for / a setup to form. You do have to stay dynamic however as the Daily candle on Friday took BSL inside of a Daily FVG. This is respecting the bias. EQH's where left in its wake so if the 1hr fvg and Daily wick is closed above on the 1hr TF we should start to consider that the market has other short term plans. Stay Dynamic and if your bias doesn't match you can always stay out of the market! Money preservation is very important. GLGT- ;)
NYMEX:CL1!Short
by IamThattrader
Technicals On Crude Post FOMCWednesday we saw Crude make a nice substantial move downwards as the previous forecasts have shown. A large range day isnt normally followed by another day with a extremely large range and you can think of it like a runner running 800meters and couples minutes later having to run another race shortly after... energy needs to be recouped. I am staying bearish and would like to see the Daily FVG and PDL liquidity taken and Daily FVG to be filled/spiked to. 30min fvg CE aligns with Daily ifvg which I believe should hold price lower. Watch these levels post NY open.
NYMEX:CL1!Short
by IamThattrader
Crude oil trade analysis The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will continue to fluctuate at a low level. If it breaks through and stands firm, you can rest assured to be bearish and buy up. Friends who are stable can wait patiently after breaking through 83.6 and then buy up when approaching 82. Continue to watch for a breakthrough of 83.6 above!
TVC:USOILLong
by Jerome-Leon
Oil / Crude Oil Heading into end of WeekSo we are on the Daily Not moving with much drive and lets say... obvious direction when it comes to day to day bias (Overall Bearish) I am ONLY focusing on PDH and PDL as targets today with any signal to buy or sell into the market being in a discount before I place a trade. Range day - yes To consider that Thursday's have seen good movement on Oil recently so keep this in mind. Consider also that the Daily wick CE is also aligned with the weekly ifvg. I will be looking to enter positions today as I am a scalper however anything on the 15min or above I would side with caution as prolonged moves may not be on the cards esp going on the last two weeks of PA. Also like to thank the people who Boost my posts it means a lot.
NYMEX:CL1!
by IamThattrader
Global analysis of crude oil trade Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness. Technically, the three Bollinger Bands tracks are flat in the 4 hours, with the upper track at 86.5, the middle track at 85.5, and the lower track at 84.2. The idea at night is very simple. Let’s first look at the breakout situation in the 86.5-84 range. Considering that the API crude oil inventory data in the early morning is negative, for In the evening, the priority thinking of EIA data remains rebound and short selling.
TVC:USOILShort
by Jerome-Leon