I have decided to start a short series of tutorials covering common instruments used in technical analysis. In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%. Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,'...
Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this market. The Basics of Crude Oil Crude...
Hello Traders! As you know, trading is a game of probabilities and navigating the financial markets is not always easy. Different strategies that we use, such as Elliott wave analysis and pattern trading, can provide different scenarios for market movements. However, market conditions are often uncertain and can extend beyond what is predicted by these...
As financial market traders, we are always on the lookout for trading strategies that can help us capitalize on market trends and conditions. One such strategy is to take advantage of the volatility of oil prices. Oil is a valuable commodity that is subject to significant price fluctuations. There are several reasons why oil is volatile, including limited supply,...
Oil prices are as shown below : Peaked at 1 July 2008 -147 $ plummeted to 35 $ Peaked at 1 July 2014 -107 $ plummeted to 28 $ Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $) Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $ So until July 1 2020 May be long after badly short.
Just an observation to help guide. Trade at your own risk..
Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities. Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share. If you are a pattern trader, then you really ought to start analyzing market this way in my...
Please be aware mostly visual demonstration, any verbal descriptions comes at the end when drawing harmonics.
hey guys, on WTI we have a perfect example of Inside Bar candlestick pattern on a daily chart. An inside bar is a series of bars or sometimes just one bar that is contained within the range of the preceding bar (mother bar). The first rule that we should take into account is that inside bars must have a higher low and lower high than the mother bar. The...
This is the channel oil is obviously following, trade within and watch out for a future break in trend. Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes only.
Oil on the 1day view and possible targets outlined, trade within and/or watch out for a future break in trend. If oil does stay within channel then expect a drop from around 60.90 - 61.30 If market breaks up then next big target region 67.60 - 68.00 Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes only.
A 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a...
Been long since I touched this, just compiling articles from the net to make sense of whats going on in the Oil market. Feel free give your own opinions. Venezuela Crisis, Iran sanctions, rising demands, tightening supplies, these factors have drive up Oil prices to their highest level in over three years in May. To address potential supply shortfalls, Saudi...
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles...