"STALKING PRICE"$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX DESCRIPTION ON CHART.....
PRICE IS GETTING READY TO CHOOSE ITS LAUNCH
FROM THE BOX...
UWTI
CRUDE "STALKING"$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX DESCRIPTION ON CHART.....
WATCH LEVELS FOR RESPONSE.....
"15 MIN CRUDE UPDATE$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO DESCRIPTION ON CHART....STUDY PRICE ACTION .......
WE GET PAID TO WAIT.
Long on UWTI for next hoursLong for UWTI for next hours, expecting a retracement of 50% at least. Overall trend is bearish at a bigger TF, though.
How correlated is the SPX and energy?The market seemed to shrug off the initial drop in energy. As of late it seems much more correlated
$UWTI $DWTI $USO updated oil chart with key trend lines and TA!Watch for that stoch rsi bear cross for the pullback
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX CRUDE 60 MIN "STALKING A "TREND LONG"
NO OVERBALANCING ON THE INTERMEDIATE TREND YET...
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX 15 MIN ENTRANCE"PRICE SITS ON "POTENTIAL SUPPORT"
THEN SHOWS Its hand through Price Action
Manage.......
Is big money convinced on a bottom here?For those of you who do trade oil keep an eye on this bad boy this week. Look at the shared support / resistance. However what caught my eye is where is the volume we had the last two previous lows? In my opinion big money isn't convinced on this bottom especially with the lack of volume on this last low. Is this a fake break out or did we / do we consolidate for a run up further? Trade this puppy at your own risk. Have a great weekend!
$CL_F $USO $DWTI $UWTI $Oil $XLE "CRUDE SEARCHING FOR BALANCE" CRUDE is getting pulled up to higher "Price Flow areas....Price shouldn't take the low of the three bars back...if it does the trend is suspect.
CRUDE "ROADMAP"LAYING OUT THE PROBABLE PATHS OF PRICE
$26.06 -23.80 AT SUPPORT...WEEKLY CLOSES ARE SHOWING BUY TAILS.
LOWER TARGETS ARE STILL POSSIBLE 35% CHANCE
PRICE ACTION WILL CONFIRM ITS PATH.
"CRUDE UPDATE"Time Window is there.....pullback or melt up to the Harmonic Levels......
Inside Day today possible forming.
CL1! Long short-term set up BULL FLAG STRATEGYHey all hope you are having a good evening. We see a upside from here in oil, definitely in the short term. We have a beautiful bull flag forming on the daily. We have surpassed the support in the Volume-Price action in the 30.23-32.23 area. The bull flag is resting on the bearish trendline. If we don't breakout tomorrow we will continue in that bull-flag channel. Estimating ~6% move up or down. Invest wisely.
Again, a text book #oil reversal. Waiting for tomorrow's numbersOil is bearish. A text book trade. Congratulations if you are following the trend. Don't think for a second that it has bottomed yet. Before entering in any trade, watch tomorrow's oil inventories.
UPDATE"ON POTENTIAL SUPPORT"ODDS FAVOR A BOUNCE...POSSIBLE RETEST OF THE LOW
OR FALSE BREAK DEEPER INTO THAT AREA.
Short UWTI to 1.4 or belowInventories reaching 86 year high, and BB %B show repeating trend since december
POSSIBLE "PATHS OF PRICE"A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER
OR ANOTHER NEW LOW TO $18-16
