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WTI CRUDE OIL

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WTI1! trade ideas

Gold Oil3.28.24 It is video I show you how I set up the gold chart Any oil chart. I think both markets are going higher even though there would be better entry levels and I show you where they are so that you could have gotten in at a better price with a high probability that the market would go your direction if you take in the trade at an easy to determine trade location. Since viewers come and go I decided to give a little bit more detail to how I use the extensions as targets.
NYMEX:CL1!
by ScottBogatin
1
Oil Boom! By 10 TimesWe are in a crazy market right now bitcoin has just recovered from a crash -- But be careful as you navigate the stock market because I think this is going to be the last bull run Before the US central bank decides to cut rates, when that rate cut happens usually the stock market vear market begins and then this means there is blood on the streets so prepare yourself for that the oil price is following the rocket booster strategy as you can see "What is the rocket booster strategy?" you may be thinking Rocket Booster Strategy: -The price has to be above the 50 EMA -The price has to be above the 200 EMA -The 50 EMA has to cross the 200 EMA When you look at the chart above this is what has happened and it has given us a buyer's signal. Rocket boost this content to learn more. Disclaimer:This is not financial advice you will lose money from trading please take this as a warning before you trade the financial markets.
NYMEX:CL1!Long
by lubosi
Jump on the Oil Trend as Russia Refineries Attacks Drive Prices I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on oil. Don't miss out on this golden opportunity to make some quick gains in the market. Take advantage of the current situation and place your bets on oil to see your investments grow. So, what are you waiting for? Get in on the action and go long on oil today
NYMEX:CL1!
by bryandowningqln
A Renko Trading Strategy with Multiple Indicators (update 1)This will serve as an update to the previous discussion specifically to some of the chart settings and the approach. Going into the open on 25-March-2024, I was looking for price to move lower to test the monthly and yearly Camarilla R3. My reasoning was that neither seemed to have been tested yet and that these two together would provide a good level for support. My long term view on crude oil is bullish and I believed this type of action would provide a good entry point. However, this plan did not come through so I stood aside to let the market playout to determine another entry strategy. While watching the market in the charts I had published earlier, I decided to make some adjustments to see if I would have detected the market’s plan sooner providing an entry point. The following are the changes that I’ve made: Changed the timeframe of the Renko chart from 15 minutes to 1 minute. Without paying for a higher subscription in TV, 1 minute is as low of a timeframe as you can go with Renko. This alone changed the dynamics of the chart with a different view on the DMI and Stoch. Changed the slower Stoch from 25,3,3 to 50,3,3 (which is a setting I’ve experimented with in the past. The DMI remained the same as did the levels of importance for the ADX of 35 and 20. Added the BPP (Bull Bear Power) indicator and set it to an interval of 50. I’ve not used this indicator before but was experimenting with some items yesterday and found this. I set the line to a step line and you can see the results here. Added a 2-hour candle chart next to the Renko and will use it in conjunction with the Renko chart to make entry/exit decisions. Removed the manual Linear Regression from the Renko chart and have added them to the 2hr chart. This is a more natural fit and have maintained the default settings. I have added two LR indicators with one at 1 STD and one at 2 STD. Removed the manual drawings of the Camarilla pivots and have added them as indicators to the 2hr chart. Removed the volume profile from the Renko chart and have added it to the 2hr chart with a week timeframe. All markup for volume area, opening range, etc. will be put on the 2hr chart and will be for a weekly view. The Renko chart will remain to work for timings of entry and exits. Considering the 1-minute chart, you can see that there was a buy signal across several of the setups. As noted earlier, the consolidation on the 1 minute/25 tick Renko chart provided a signal that a breakout was coming. The slower Stoch set to 50,3,3 provided some insight into the direction with the break of the %k up over the %d and lastly, the new BBP gave an indication that the down move was a correction and that higher prices could be coming. A long wick and breakout of consolidation would have been a trigger to enter a trade of buying a Call option (see green arrow on Renko). Looking at the 2hr candle chart with the 2 linear regressions (1 and 2 STD respectively), then you can see where the support was formed then then where resistance was hit. The monthly and the weekly R4 provided resistance and now support is at the median of the current LR. Because the break of the weekly R3 was with a force with no test, my plan now is to find an entry long (an August Call) along this line which is also the same proximity of the weekly Pivot and the top of the week’s opening range (where the opening range for the week is defined as the first 5 2hr candles of the week. With a red brick in place on the 1 minute/25 tick chart, a green brick now would be a buying opportunity. I’ve added a consolidation channel across levels of what could be support for any pullback and could see another 25-tick brick in place before the green brick to the upside.
NYMEX:CL1!Education
by mxb1961
a daily price action after hour update - oilGood evening and i hope you are well. Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp. As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of a stock are a) the highest price the most eager buyer is willing to pay, and b) the lowest price that the most eager seller is willing to accept. If enough buyers are eager and enough sellers are hesitant, the price will advance. If enough sellers are eager and enough buyers are hesitant, the price will decline. It doesn’t matter why. www.hussmanfunds.com I recommended the market comment from John P. Hussman on x yesterday but i want to make sure, more people read it because it’s that amazing and free. Props to him for doing it. wti crude oil bull case: Bulls doing a good enough job keeping this above 80 and they got a retest of 82 today. Market is not accepting anything above 82 for now, but if bulls keep at it, something will give. We probably range more between 80 - 82 until a clear breakout and i think i can go either way. Bar 10 + 11 was strong enough that we could get a second leg up. We formed a good looking two legged pullback on the 1h chart and we could move higher soon. bear case: Bears scalping at best here, it’s probably more bulls taking profit. They would need to get a really good close below 80 with follow through, for lower prices. Right now odds of that are very small. Best they can probably get is a trading range 80 - 83. short term: Neutral with slight bullish favor inside given range medium-long term: Market needs to reach the big bear trend line around 84 and we need to see the reaction there. It’s a bull trend but on the weekly it’s a weak looking trend with many overlapping bars. Could easily reach 84 and trade back down to 75 again over some weeks. That’s it for today, have a good night and talk to you tomorrow.
NYMEX:MCL1!
by priceactiontds
OIl Buy The Dips, Sell the RipsCrude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level based on the Oct - Dec 23 downdraft . . . so, we will be watching to see if we get support at 79.25 and then do we make a move back to highs at 83.22? That may be the trade in oil.
NYMEX:CL1!
by CeresTrader
1