CL!10/27 - 11/01
-Looking for good pull back in oil to go long.
-Daily closed with bullish ENFG to previous day
-4H is showing bullish structure
-1H is showing some CONSD. with new support around 71.5
-30 min is in line with the higher T.F SO A GOOD PULL BACK into previous structures/imb Iwill entertai
Possible sellOil may drop towards the immediate support structures if it fails to stabilise above the above resistance barriers.
Tracking Inflation with this Ratio - Crude Oil vs Gold RatioThe Fed is using this Crude Oil vs Gold ratio in tracking inflation.
The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio.
We saw that when inflation peaked at 9% in June 2022, so did this ratio.
Although we recently saw a cut in interest rates, the yields are n
Review of yesterday's post10.22.24 This is a review as it pertains to yesterday's post. I would focus on how I would consider taking trades and managing trades if I already am in the market... as well as missing trades and looking for a second chance. it's very hard to have flexibility in your trade decisions if you can o
Crude Oil Short Term Possible Uptrend The price of crude oil has shown indications of a potential short-term rise. However, current analysis suggests that the overall trend remains bearish, indicating potential downward pressure in the longer term.
This is not a financial advice.
Bullish Crude Oil Trade IdeaCrude oil is set up for a bullish move, driven by supply-side constraints and stronger demand. Recent inventory reports have shown lower-than-expected stock levels, signaling tightening supplies. Additionally, OPEC's continued production cuts and geopolitical tensions are likely to support oil price
US OilPair : Crude Oil - US OIL
Description :
Completed " 12345 " Impulsive Waves
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Demand Zone
CRUDE OIL Breakout done!This chart shows a breakout setup, with the following levels as targets:
Breakout level: 5,935 (23.6% Fibonacci)
After the breakout from 5,935, the targets are:
First target: 6,038 (38.2% Fibonacci)
Second target: 6,123 (50% Fibonacci)
Final target: 6,209 (61.8% Fibonacci)
The invalidation level i
Crude on BuyCrude Oil now on bullish because of start the tomorrow meeting for China, India & Russia 1st Target : 5960
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Micro WTI Crude Oil Futures (Feb 2023) is Jan 19, 2023.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro WTI Crude Oil Futures (Feb 2023) before Jan 19, 2023.