crude oil
This is a slightly more granular prediction.I'd expect the price measurements to be pretty accurate. The horizontal axis, ie, the length of time, may be different.
Lightcrudeoil
Global view Crude Oil. Hello trenders,
I am not really into futures but I like to see the future :)
What I just saw is not pleasent, we are into a bearish channel and on top of it.
So down we go with a long bearish trend.
Retest failed, all indicators in a bubble ready to explode.
Dollar loosing its power is another factor that confirms the idea.
Check the larger view under.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
NYMEX LIGHT CRUDE FUTURE MAY FALL IN APRILThe chart give you all details of ELLIOT wave count for NYMEX light sweet crude futures.
I noticed that his commodity recovered in 'V' shape from ABYSS(3rd of3of wave5) and erased all its losses to $60
But this recovery has one more test for final wave C5v, I assume that this will finish nextmonth (april)for 0.618 times of c5i at $46
comments are welcome
LITE CRUDE OIL FUTURES 1DRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Light Crude Oil Futures - Price Gap filled at 42.316Light Crude Oil Futures - Price Gap filled at 42.316. Now we can see strong resistance at 42.316, It will need to break this critical level to move forward. Major support is at 35.00.
Elliott Wave View: Oil (CL_F) Extending HigherLight Crude Oil 45 minutes chart below shows that the commodity has ended cycle from July 6 high as wave 2 at 38.56 low. The pullback unfolded as a flat Elliott Wave Structure. From July 6 high, wave ((a)) ended at 39.90 low. The bounce in wave ((b)) ended at 41.08 high. Afterwards, oil declined lower in wave ((c)), which ended at 38.56 low. This ended 3 waves pullback in larger degree wave 2. From there, the commodity extended higher and broke above previous July 6 high. This confirms that wave 2 is already in place and the next leg higher is already in progress.
Up from wave 2 low, wave ((i)) ended at 40.77 high. The pullback in wave ((ii)) ended at 39.07 low. The commodity then continued to resume higher in wave (i) of ((iii)). The subdivision of wave (i) unfolded as a 5 waves impulsive Elliott Wave Structure. Up from wave ((ii)) low, wave i ended at 39.88 high and wave ii dip ended at 39.13 low. Wave iii then ended at 40.86 high and wave iv pullback ended at 40.37 low. The commodity then ended the push higher in wave v at 40.77 high. Afterwards, 3 waves pullback in wave (ii) ended at 40.08 low. While above 38.56 low, expect dips to find support in 3, 7, or 11 swings. If oil manages to break above June 23 high (41.63), it will show bullish sequence from June 15 low. The upside target would be 100% – 123.6% extension at 44.20-45.90.
Light Crude Oil Futures (CL1)If we cut the rectangle, we have a good probability that we are in an uptrend and we can touch the orange line in severals weeks.
[CL] - High probability to ride up to the price 22.50 USDLight Crude Oil Futures High probability to ride up to the price 22.50 USD
Light Crude Oil Futures Are looking for new highsWe see a strong pullback from buyers after an important down Mouvement crossing trend
resistance line and the VWAP Price line, there is a great probability that the price will run to the
VWAP price line During the upcoming days..
Crude Oil forming inverse H&S.Currently it is forming the right shoulder. This gives a good opportunity to buy near the support and hold. The risk is low in case it breaks down. Reward is high to reach the H&S target.
LIGHT CRUDE OIL FUTURESIF THE MARKET BREACK ( 22.73) WITH POWER HIS NEXT MOVEMENT WILL GO DOWN TO TEST ( 20.15 ) AGAIN
LIGHT SWEET CRUDE OIL FUTURES the market still has the power to test 27.84 AND IF IT WILL BREACK THIS point with power it could go around 29.43 but in generally the market still Bearish so . pay attention
Brent Crude Oil Long : +%7.67Parameters :
Position Size : %1
Risk/Reward Ratio : 3
Stop-Loss : 34.024
Goal : 37.593
Crude Oil- Next major support levels a long way down! With US and Saudi Arabian cooperation, likely Crude oil will be taken to approx. USD$10.50/brl. The Saudi's can produced for US$7-8/brl. Higher political agenda, means it will be pedal to the metal for Saudi Arabia (13 million brl output maximum from April), to eliminate Iran once and for all.
Oil post-rebound long.Using a 3x ETF to long crude oil, playing this bullish retest, if a bit sloppy, of both trend and leveling, picking up here for a high r/r buy spot.
No time constraint, but will cut if no trending to upside by EOQ1.
Orange horizontals are daily gaps, yet to be filled.
CL Daily time frame shortLooks like Light Crude Oil is holding at resistance. If the market breaks and closes below the counter trend line, could be a nice short trade towards support
Light Crude Oil (CL) likely to move up.Today is 14 Sep 2019.
The largest Aramco Saudi oil processing plant was attached by drones.
CL is currently at 54.85, next targets up are 57.00, 58.47, 59.94, and 61.40.
If it can break above 62.87, next target up will be 67.27.
Light Crude Oil Futures Weekly Probabilities 02.09.19 - 06.09.19Here's the results from my statistical analysis for Light Crude Oil Futures (CL) on the weekly chart.
LIGHT CRUDE OIL FUTURES (CL) STATISTICAL RESULTS
DATES:
02 Sep 19 / 06 Sep 19
CLOSING BETWEEN (at 06 Sep 19):
52.70 - 57.28: 71%
50.41 - 59.57: 94%
48.11 - 61.87: 99.50%
P.S. This indicator is not for sale and will not be published.
DISCLAIMER: This is not financial advice
Trade safe,
Atilla
LIGHT CRUDE OIL FUTURES 1D CONTINUATION TRIANGLE Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending volume bars and descending atr line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
LIGHT CRUDE OIL FUTURES (Accumulation position)During several trading sessions there is an accumulation of positions with a pronounced lower limit.
It is recommended to enter the purchase from the lower limit for the specified purpose.
Light Crude Oil 1H Ichimoku StrategyStep 1 Price breaks below cloud
Step 2 Blue line crosses below Red line
Step 3 Buy at open of next candle
Step 4 SL above breakout candle
Step 5 TP when Blue line crosses above Red line
