OilUS Oil - Crude Oil
Symmetrical Triangle in Long Time Frame
Break of Structure
Demand Zone
Falling Wedge as an Corrective Pattern in Short Time Frame
Change of Characteristics
CLF2018 trade ideas
CRUDEOIL MASSIVE BREAKOUT Chart Analysis
The chart shows a falling wedge pattern, a classic bullish reversal setup. The price has successfully broken out of the wedge pattern and is now testing the breakout zone near 5960, indicating potential further upside.
Additionally:
The 55 EMA is acting as dynamic support and is currently positioned at 5935
Buying Levels:
Entry: 5960 (breakout confirmation)
Support: 5935 (for tight stop-loss setups)
Accumulation Zone: 5920 (for a risk-reward play)
Selling Levels:
Profit Booking Target: 6020
Extended Target: 6050 (if momentum persists)
Stop Loss: 5920 (below the demand zone)
Key Notes
Watch for volume confirmation to validate the breakout.
Keep an eye on broader market trends for crude oil, as global sentiment can significantly impact intraday movements.
Disclaimer: This is for educational purposes only. Conduct your own analysis before entering trades.
Sells on CrudeI have a Head Shoulders pattern inside of a range on the higher time frame
Confluences:
Head and Shoulders
Bearish Engulfing Pattern
Downtrend on the 4H
Ranging at the Weekly
CL_LONG_+991 TicksThe CL daily time frame has created an up
channel. The market has hit the bottom of the
channel and is showing signs of pushing bullish
towards the top of the channel. The market
has created an up Fibonacci with an extension
price point 78.92 about +991 ticks above the
market. The market has broke and closed above
a counter trend line bullish and showing sings
of wanting to push toward the Fibonacci
extension.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 64.60
LIMIT: 78.92.
This is part of the long idea of the CL 01-25.
The market has rolled into the next contract
CL 02-25, so we are updating this idea.
WTI breakout coming ? WTI has had a relatively range-bound year. Thinking back to what I said at the beginning of the year, that was what I predicted. I have drawn the vertical lines to show this year's range, and for me, this indicates a sell-the-rally mode that traders have adopted. You can see the triangle that has been forming over the past few years will break out soon. I prefer the downside break but just in case the opposite happens I have drawn the boxes of support and resistance I have observed. I have shown the chart for the 2008-2024 period because it gives a great perspective.
Crude Oil Eating Up Time - Plate almost emptyPrice bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed).
Next, we have the Yellow Fork.
Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time.
But now, I think the "Plate" is almost empty.
Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect.
To me, a Long Trade is more likely than a Short.
- world wide tensions
- so many bounces at the Support-Zone, they won't let price go down much
- price has not re-tested the L-MLH of the Yellow Pitchfork
As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
Sells on CrudeHigher timeframes break of structure. Price respecting Key level (Price turned support into resistance). B+ trade because the price is in an overall ranging market at the D, W, and M timeframes.
CL1! shorts Idea Marketing is respecting a daily Gap that should push price lower. On the 1 hour it created a displacement to the lower side, would like to see that displacement respected and pushes prices lower.
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
[Commodity] Crude Oil Buy IdeaWait for the trigger
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
CRUDEOIL - Symmetrical triangle breakout on the horizonCrude Oil Update (4-Hour Timeframe)
Chart Overview:
Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon.
The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level.
EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher.
Trading Plan:
Entry Long: Above 5900
Target 1 - 6002
Target 2 - 6138
Entry Short: Below 5744
Target 1 - 5450
Target 2 - 5500
Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions.
Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
So our bull targets done in crude oil This free new indicator helps to get accurate signals almost on all time frames and if you as me i use it on 15m chart normal candles , so lets talk about crude oil -
when to take trades now-
waiting for the bear signal between 5850-6200
if bear signal we can hold around 70 points tp with 20 sl
Prediction are simply gambling but depending on market situation it shows that market can go upto 6200 or more with 30% chances or else it can open gap down and and go till 6100 or 6110 or more with 50 % chances.
or it can break 6100 and give a bear signal around 6070 with 20% chances.
the indicator you seeing is totally free and will be available soon, keep following.
good luck
Scenario on light crude oil cl1! 13.12.24If we can maintain the main monthly level, which is also support for the price of 71.66-72.44, then it is likely that the market will come for levels around 65, but if the market were to break through this level, then there is a possible scenario that the price could go higher and I would take the first tp somewhere around 75, but there are other big levels above that and the price could even reach 80.
oil longIf AM SSL is taken out if PA holds, then look to long. Failure to hold AMSSL then this is invalidated quickly.
Are we going LONG tomorrow on CRUDE OIL Targeting $69.50 NYMEX:MCL1!
"I can’t relate to lazy people." -Kobe Bryant
Family in this video I have broken down the LONG that I caught this morning during NY session that ran for just shy of 2R then bears came in and stopped me @ Breakeven.... SO now here is what I'll be looking for to GO LONG again tomorrow on Crude if PA sets up a HP entry confirmation....
If we can get the break above Minor support / resistance level $68.40 with a 15m candle closure above ill interested in going LONG tomorrow targeting the HTF EQ Level $69.50. This will be rpoughly around a 110pt move in our favor all depending upon entry. Also this trade and give us +3.5-4R Return if she can run all the way to target. Based off the HTF 4Hr supply we have the probability in our favor being that we are coming from a HTF Daily/4Hr Mitigation of Demand. No major news events tomorrow so we should be good to trade full volume. Remember nothing is set in stone we play the long-term game of probability. & We are dam good at it too!
***Our Profession is to Manage the downside costs of printing High SIDE returns of $$$ consistently... & that there is the #500K Model 1of1
Crude Oil Futures Trade Setup (Mini Contract) Sell Crude Oil January Expiry (Mini Contract)
Entry: CMP 5941/Above 5955
Stoploss: 6055
Target: 5808
Validity: Till 15th January 2025
Disclaimer: For Educational Purposes Only
Crude Oil Intraday View 16/12/2024As shown in the chart, Buy on BREAKOUT of Green Line only or Sell on BREAKDOWN of Red Line only for the marked targets. Blue Lines are Target/ Support & Resistance.
Disclaimer:- All the shared views are for educational purposes only. We provide Technical Indicators only for educational purposes. As we are not SEBI registered, there will be no claim rights reserved. Please consult your financial advisor before trading or investing.
Dont take trades in crudeoil rightnow , why ? 1) remember not to take trades until both conditions dont match in re entry of buy.
2) remember this 2 indicators can do wonders if you learn and test.
3)levels have been discussed in yesterdays post.
good luck.
will keep posting
Crude Oil Futures OIl OIl OIl!!! Everyone knows that I love trading oil. This week, we are going to see some movements. We have a few crude news coming out this week. So, we might see the bulls maintain control. On the other side, we could see the sellers coming in and trying to drop the price down some.
