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CRUDEOILM1! trade ideas

Channel Set-up - Crude OilBased on Elliot Wave counts from another source, I believe the low at 67.71 is in and Wave 1 is completed at 76.18. The bottom of the channel will complete Wave 2 at the same level. Likely will see another low in overnight trading to come to .618 Fib level seen on the chart and then see prices start to move up. Fib levels are not hard and fast and Wave 2 can dip pretty close to the low at 67.71 with count invalidated below that level. Will look to confirm if you will the channel bottom low with prices turning up and seeing higher highs and higher lows.
NYMEX:CL1!
by HedgehogLanding
5
WTI Crude oilOur overview: Despite EIA report a big draw in stock and the impact of the Red Sea commercial routes disruption, is still not clear, the market experienced a deep selloff. In our opinion due to end of year portfolios correction and take profit. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): downward corrective structure wave B, minor(yellow): upward corrective structure wave A, intraday(orange): upward impulsive structure wave 1. Our current strategy: Aggressive Long looking for a technical rebound with first target @$73.80. Our current position's risk profile @$72.20: delta +0.48, gamma +0.19 Hedging point: on breakout $71.50
NYMEX:CL1!Long
by DeltaZeroProprietaryTrading
Crude oil wants to make money to read this article!The recent rise and fall of crude oil, as a whole is a big shock, although it is an upward trend, but not so clear, yesterday's daily line is very unexpected unexpectedly closed the negative line, the rise is not coherent, such a market we understand as shock, today's thinking of shock more treatment, today's crude oil attention yesterday back to the low point is the bottom of the upward trend of 1 hour, Strong support is near 73.10, these two positions are the positions of bull sniping, and the positions of pressure are 75.50 and 76.50
NYMEX:CL1!Long
by the_Hand_of_God
2
WTI Crude oilOur overview: Once more API data highlighted weak demand, let's see if will be confirmed by EIA report scheduled today. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 5, intraday(orange): downward impulsive structure wave 3. Our current strategy: Neutral. Our current position's risk profile @$74.04: delta 0.06, gamma 0.017 Hedging point: Not set Targets: @$75.58 @$75.14 @$74.38 @$73.77 @$73.15 @$72.49 RSI "D": Neutral Stochastic "D": Positive RSI "H": Negative Stochastic "H": Negative RSI "5min": Negative Stochastic "5min": Negative
NYMEX:CL1!Short
by DeltaZeroProprietaryTrading
WTI Crude oil - last update.Our overview: RED SEA uncertainty regarding commercial vessel traffic routes still on focus. Waiting for the API data. Trends analysis: Primary(purple): upward corrective structure wave B, intermediate(green): corrective structure wave A, minor(yellow): downward impulsive structure wave 1, intraday(orange): downward impulsive structure wave 5. Our current strategy: Neutral. Our current position's risk profile @$75.43: delta -0.036, gamma 0.0075 Hedging point: Not set Targets: $79.50 $77.80 $76.52 $74.87 $74.07 $73.35
NYMEX:CL1!
by DeltaZeroProprietaryTrading