Oiltrading
WTICOUSD Daily Bullish BlockSo the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume .
Daily Bullish Block looks to be in play heading into next week. Suffice to say I will confirm the completion of block on Monday and trade accordingly.
USOIL : Complex Moments For OILUSOIL : Complex Moments For OIL
On the 4-hour time frame OIL is showing for a very good bullish price development.
And actually, the price can keep rising only if the structure will stop the corrective movement.
So in order for us to see OIL to rise more in value the price should stay above 86.90
If the correction will develop lower than 86.90 than we may face a very complex price
development that can push the price lower but it can also create anything strange as well.
Thank you and Good Luck!
WTI CRUDE OIL SEEM SELL CORRECTION THEN BUY....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Oil update Oil stopped pulling near monthly support area 92.67$
Yesterday i sold 92.37 $ what to expect this month
Will dollar effect yesterday was huge and un expectable.
I think bull back to 90-89 is more than normal .
Next session in Monday ill take profit
In my opinion we can go to 100 if we break th 93 area further if we break 84 we will go to 73 area
GOOD LUCK
OIL....FALL (4.8%)Shorting Crude Oil to a RR of 0.75% to 4.8%.
During the opening of the New York's market on Wednesday, there was a strong bullish candle as a result of the strong ADP Employment Change on the US economy, which accelerated the US dollar, this also had an influence on XTIUSD.....
Now, i see a perfect time for shorting XTIUSD.
NB: i'm expecting a price circulation within my triangle to complete its movement.
Crude Oil Monthly Forecast Movements 1-30 November 2022 Crude Oil Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 13.69%, decreasing from 13.8% of last month.
This is currently placing us in the 57th percentile according to ATR and 92th according to OVX
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 9.577%
BULLISH Candle : 7.46%
With this in mind we can expect with a close to 24.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 74.5
TOP: 98.3
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
75% chance that we are going to touch the previous monthly high of 94.4
27% chance that we are going to touch the previous monthly low of 80.5
Oil update We sold yesterday and reached our target
No its blow up again , to area where ill sell
My target below 86 $
Now oil is absolutely different than the rest commodity
That way the medium term target cant be predictable
(Always take profit alone the way )
80$ is the last of correction wave
GOOD LUCK
Crude OIL Weekly Volatility Forecast 31/10 - 04/11 2022 Crude OIL Weekly Volatility Forecast 31/10 - 04/11 2022
Currently the volatility for this week is around 6.5% , up from expected 5.47% last week.
According to ATR calculation, currently the volatility is located around 80th percentile.
Under this circumstances the expected movement of the candle is :
BEAR : 5% from the opening point of the weekly candle
BULL : 4.75% from the opening point of the weekly candle
At the same time, currently there is 15.6% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 93
BOT: 83.5
Lastly, taking into account the previous weekly high and low there is a :
70% chance that we are going to touch the previous week high
30% chance that we are going to touch the previous week low
Oil weekly update Oil is still forming head and shoulders pattern
Expecting an down movement on FED Meeting on Monday
How the movement can be ?
In my view , looking to test 89 -90 is still possible so ill be a buyer in opening
But after it hit a 89$ ill take profit
For all week i think down side to 86-85 is possible
GOOD LUCK