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WTI Crude Oil 6 Month Spread SyntheticWTI Crude Oil 6 Month Spread SyntheticWTI Crude Oil 6 Month Spread Synthetic

WTI Crude Oil 6 Month Spread Synthetic

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4A1! trade ideas

CRUDE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum
NYMEX:MCL1!
by SnowflakeTrader
a daily price action after hour update - oilGood evening and i hope you are well. wti crude oil bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact that bears could not sell below 77 is further confirmation of my bullish thesis which i have been talking about for some weeks now. bear case: Last days Bears tried many times to get below 77 again and today they gave up. They will scalp pullbacks and wait for bulls to show weakness again around 81/82. short term: Bullish. Look for longs at the 15m or 1h 20ema. 1. Target 81, 2. is 82. - Invalid below 78.6 medium-long term: Neutral until clear break above 81 and no drop below 77 but i tend to lean bullish here. I would not engage in long term trades here. Either wait for lower prices or a bull breakout. —unchanged
NYMEX:MCL1!Long
by priceactiontds
Crude Oil Long cycle with high probabilityI see big accumulation on Crude oil with 2 months duration. After such a big price accumulation ranges I expect the price realisation(trend). We have a two variation of the scenario for Crude oil. First Scenario With high probabilty we will see new long trend. The fundamental data also show the long direction on the higher time frames. Production of crude oil is low top 2 of the biggest oil producers is decreasing the oil production, only USA is rising production but it is not enough to make the price fall. Cause is total amount of Crude oil production of top oil producers is still low. Second Scenario If the middle line of big accumulation will be broken then we can see the price fall and failure of most probability Long scenario
NYMEX:CL1!Long
by Smollet
Buyers Failed twice this week...Guess we're going SHORT huh...?NYMEX:CL1! Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!! Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me... 1) On March 5th, 2024 during the end of London and the beginning of NY trading sessions price entered the major Daily/4Hr Demand zone and buyers immediately entered the market & took price off like a rocket to the upside...***Now the Daily Last Swing HIGH Pricing is ($80.85) and buyers came very very close to breaking that level on March 6th, 2024 however DID NOT BREAK IT!! Sellers held their resistance and pushed price back down... 2) On March 7th, 2024 sellers pushed price all the way back down to the daily demand zone again around pricing of ($78.00) P. Barrel & once again buyers stepped back into market and took price back up to a Major Monthly Resistance Level @ ($80.00) P. Barrel and sellers immediately used that level of resistance to take the market back down...So that is twice in 1 week that buyers were unsuccessful of purging the Daily Last Swing HIGH and creating a NEW... 3) Now that sellers have pushed price back down into the Daily/4Hr Demand for the 2nd time in a very strong way it seems as if Demand is not doing it job to take out Higher Premium Supply and will eventually fail...With sellers demanding lower prices Per Barrel. ***Now here is what I am looking for to go short... 4) Being that price broke underneath Daily Support Level ($78.50) with candle closures on all the major TF's I watch; 4Hr, 1Hr and 30m I am compelled to enter Short from that level if we can get a retest and cover the high for stops... 5) Now if and when we can get the Tag SHORT then I will be targeting the next Major 4Hr support level around ($77.00) P. Barrel that we can easily catch a solid +2.5-3R % Gain depending on your management system...Also I need price to be trading underneath the Red V-wap as a cherry on the top confirmation...It's always better to trade in favor of the V-wap...IMO 6) We also have EQL's inside the 4Hr demand zone that need to be swept around ($77.55) which also gives me further confluence as to why OIL is getting ready to push lower prices Per Barrel and I want to capitalize on the move. Stay on point!! ****Remember nothing is set in stone, this is simply my narrative and prediction based on PA on the HTF's in which we all know is KING!!! That does not mean I am always rii... WE play the long-term game of probability... Lets stay focused and disciplined no time to SLIP... +2.5R % Gain this week....Claim it and be patient!! #BHM500K #NewERA
NYMEX:CL1!Short
by TreyHighPwr
1
Bullish Fibs Upmoves in Oil - Now, Needs to Defend 61.8% LineOil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the dynamics of the recent down move, I expect this 61.8% line to be challenged early on Sunday night / Monday with a break of 40-60 cents. If we can hold those level above and regain this 77.60 level, I do anticipate a big move to new highs in oil, ALL THE WAY UP TO 82.11.
NYMEX:CL1!Long
by CeresTrader
1
High Probable opportunity For The HOUSE to SHORT OIL...?NYMEX:CL1! I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon... Here is my reasoning why...!! Rock w/ me! 1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break past! 2) Price seems to just have swept the high of the 4Hr Supply Zone and continued to work its way back down as sellers were very aggressive towards the end of todays NY session... ***For a min. I thought buyers were targeting the 4Hr LSH and Mitigate the Daily Supply Zone above and create a new 4Hr High... However Sellers came in very very strong & took the market rii back down. Even the way PA is set up on the 1Hr TF indicates that the move up was manipulation for buyers to keep buying...(IMO) 3) Now here is what I am looking for to go short on the particular asset... We have a beautiful formed Doji/Indecision candle on both the 1Hr and 30m TF that I am very interested in shorting from... 4) Being that price broke and close underneath the Strong Psychological Level of $80/ P. Gallon on all the major TF I watch (4Hr, 1Hr & 30m) and PA is trading underneath the Red V-wap... That is all the confirmation I need to short from the 30m Supply zone created and covering the high.. 5) What makes this trade even more HIGH PROBABLE is on the HTF, the 4Hr had a huge rejection candle to the upside where sellers denied the break of the 4Hr HIGH and pushed price back down and closed under $80/ P. Gallon level... 6) Being that we already received all of our confirmation to enter I am simply just waiting for the TAG... Let's be patient and be ready to manage as professionals if and when the market Tags us SHORT!! ****Remember nothing in the market is for certain, WE play the long-term game of high probabilities. This is simply my perception and outlook on this asset! Now lets sit back N stalk like the Saltwater CROC!! +2.5R % Gain this week! It's been spoken!! #BHM500K #NewERA
NYMEX:CL1!Short
by TreyHighPwr