Weekly/daily time frame analysis on WTI Crude Oil. Price action, key levels & thoughts. Potential scenarios. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OK, the last video for the week after the markets got murdered today. Unfortunately I was being optimistic and got caught in a loss - it happens. Other trades are looking good - OIL, BONDS, WEAT especially. BTC looks like it's ready to drop, Gold may too. Both being pressured by the US Dollar. The Dollar rally will continue to make headlines. OK have a great...
Jackson hole this week may be interpreted as dovish - a sell down today may set up a C leg tomorrow for Powell's speech. Breaking below 4100 and we've got a better short signal on the market. Oil continues it's struggle with 95, no decision yet. Bonds need to reverse soon. Weat looking good but no breakout confirmed just yet. GOld, looking better and could get up...
Might be a short covering day. Everyone is convinced the turn has happened, and that may be true - but the RSI signals bother me. OIl looking better, Weat as well, Gold is meh, BTC might get interesting
8.23.22 This is a review of oil, specifically how you could have made significant trades in both directions with $3,000 ranges for more. The support and resistance were easy to identify, but there were nuances that you could see if you knew how to look at the chart that could have helped you make fewer mistakes and better trade decisions. Honestly, I don't know...
Ratio charts pointing to a possible bottom - uncertain as of now but looks promising for bulls.
8.15.22 OIL PALLADIUM : It's much easier to trade if you wait for the setup. Sometimes you don't know the Setup until it happens. You can take that trade too. Palladium can be a very volatile market and it is suitable for Traders the good Instinct and sufficient capital. I framed it with a simple range box and a Fibonacci retracement tool...And an ABCD tool.
update on USOIL SPX500, Gold and BTC. Basically a dump and pump is what I'm expecting for the next few days
8. 2. 22 This is a follow-up on oil. I want to show you how to assess the market a little more objectively, and manage your trade decisions when you have more information. I would be a buyer in this market yesterday. Today is a little bit more complicated, and probability is working against my long position even though the market has not yet taken out Support....
ideas stated in the video. I think we're close to a turn, but another small run up is possible. Any pullback on gold might be a good long opportunity.
In this update we review the recent price action in the Crude Oil futures contract and identify the next high probability trading opportunities and price objectives to target
7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could...
Bull and bear cases discussed, also OIL and BTC. In a nut shell, bulls want to continue the uptrend and 3900 to hold as support. Bears want to see 3900 fail as support which would likely start more intense selling. Oil short looks clearer to me as of now.
S&P, NQ, and equity indices chewed through resistance today. U.S. Dollar weakness is underpinning strength across risk assets. Crude is at an inflection point. Let's dive in.
all in the video, keep an eye on 3710-3700 area for support.
7.13.22 OIL Part 2 I think it helps to look at part 1 before you look at this video. The video speaks for itself because it shows similarities and also differences and this is helpful if you recognize the differences because you trade markets differently based on some of these patterns. Not all patterns and differences in volatility will be equal for you. You may...
7.13.22 Oil Part 1 This is part one on oil. I want to emphasize the importance of looking at higher time frames in more difficult markets and that this can simplify your analysis using less detail while allowing you to see important patterns more easily because you are looking at a higher time frame.
All in the video, my guess is CPI is a bounce and then fail.