3 Day Inside Bars LT 110.06 - First Price Target $110.06 ST 101.17 - First Price Target $99.88 Options flow is mixed to bearish. Mostly calls sold.
... for a 2.53 credit. Comments: High 30-day implied at 45.3%. 2.53 credit on buying power effect of 10.55 (on margin). 24.0% ROC at max; 12.0% ROC at 50% max. Will look to take profit at 50% max; manage sides on approaching worthless/side test.
Trade on S&P ETF for US Crude Opened the LNG in OCT as price was testing the HLof the Longterm (M) Uptrend. My STP-Loss was below the red line around 70 Price rallied for 11 weeks till it reached Resistance (top red line) I closed 1/2 the LNG to take in Profit & control Greed. Today as price broke the 102 Mark. I closed the other 1/2 of LNG
Watching XOP here for a breakout of the box. Nice volume pocket above with continuation of the follow through AVWAP. Blocks and Sweepers on the tape today over $1M in premium OCT and DEC opex.
Looks like the bottom is in. The orange trendline on the left seems to be broken and price went to $100, which is a key support/resistance and was rejected there. I expect the price to climb to $140 which could be the end of wave 5. On it's way up there price needs to break and stay above the 200 MA (Red MA on the chart). Blue lines on the chart are key price...
Idea for XOP: - The reflation trade is dead - just a reminder: - We saw big tech earnings in a (growth) deflationary environment: - Now it's Big Oil earnings time. GLHF - DPT
IT'S NOT LIKE IT'S "MY CALL" FOR GOLD TO 1690 BECAUSE I HATE IT. Notes. 1. From the looks of it, the short entry would be next week, simultaneously with gold. 2. This doesn't bode well for gold bc oil is showing a lower bottom later in August. 3. Why not forecast S&P500? Because I literally can't, it's like the inverse of a zombie, whatever that means (I...
Resistance ~99 and 200ema holding. Possible 5-wave structure ended w/ divergence. Peak $CL_F seasonality passed too $DRIP $GUSH $XOM $CVX $XLE $CL_F $USO $SCO $NG_F $UNG #ElliottWave #CrudeOil #OOTT 🛢️
I think putting it in within such a 'channel', make sense. (It trades along with this "trend" (line, on top, since 2020), which is has never succeeded to break, yet). Expect it to follow this pattern in future (copy/paste the trend line). Follow the long averages. (The bottom of channel is "bottom" of 2020 crash; and end of the initial "reflation trade" rally)....
RIG will test 7-8$, imho, when these two lines colide, in like september or october. (It's current trend). Expect some head wind in short term from slower global recovery (variant). It would be hard for XLE to return to where it came from; so that's extremely bullish . No crap head lines can't change fact that there was underinvestment into oil exploration; thus...
IT'S 73.27 RIGHT NOW. Notes: 1. Don't have time to make this one pretty. 2. This will happen while gold moves down w/ S&P500 (see post #001 and #002). 3. All of this is targeting noon ET on Wed 6/24.
AMEX:XOP Possible Scenario: SHORT Evidence: Price Action TP1: 95.5$ TP2: 91.30$ PUT options, Strike 92$, 07/16/21 *This is my idea and could be wrong 100%
ascending triangle; needs to beat 4.20; 4.50; 5.20 (2019 levels).
The Wave 3 we called for certainly did begin earlier this year and it looks like we're in the last push higher 📈 ... $XLE following $DRIP $GUSH $XOM $CVX $CL_F $USO $NG_F $UNG $BOIL #Trading #ElliottWave #CrudeOil #OOTT 🛢️
night chart-art shows POSSIBLE uptrend , green trend-line means bullish Short to midterm. ~~NO Speculations or arrows. And NOT trading Advise / 0pini0ns either, dyr pls. #Fact:most coins r long term bulllish🚀 ✔️Again if you see Green means bullish & vice versa, chartby 📈 scammaniacs101 ⏩
Technical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear...