NYMEX:CL1! is shaping up for a possible long position. Wait for the oscillators to confirm the bullish reversal and buy on bounce from the support trend line or the on a bounce from S1 77.34. Revisit of 79.20 as a possible target.
Equal Lows are the DOL and we are going from IRL > ERL
Wait for the oscillators to turn bullish on 1H for $NYMEX:CL1!. We are looking at a possible long here.
Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting down to the 200-day moving average at $77.94. The technical perspective shows momentum studies declining into oversold territories, with the 9-day moving average trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average...
With no news injections today I would stay on the side lines. We have Daily Wick level in conjunction with a 1hr FVG which if Crude Oil is substantially bearish should respect leading upto NY open and CME open. The overall bias for me is still bearish with weekly ssl in the lower half of the charts marked with a magnet. This is the draw and what I will be waiting...
there could be a bounce of 1%(79.77 tp) from 78.87 sup zone
currently its in downtrend on 1h tf, price can reach 81.61(3%), if trade above RED(79.09)...
NYMEX:CL1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Last week Sellers were successful in pushing the price per barrel of OIL underneath Major Key Level ($80.00)... Now the reason I believe we are preparing for OIL to go LONG is due to price nearing a Major Unmitigated Daily Demand Zone and approaching a...
NYMEX:CL1! continues to look bullish today. There might be a small pull back before the price resumes it journey towards 80. The plan is to wait for price action to confirm the direction clearly and look for buying opportunities around 78.70 area. Alternatively if there is no pullback in the morning session, wait for the price to break R1 or the 200 MA before...
I've been very reluctant to publish any idea's this week intra day, as I believe we are in retracement from the amount we sold off recently. The 4hr wick CE is the point of interest I have where price respected I am aiming for the 15min SSL to be broken and a setup form this CME open.... Lets wait and see...
No we have Hit the daily FVG I am looking at the lows off 76.91 76.83 To be taken. In conjunction with my other forecasts this week of being Daily bias Bearish!!
Crude Oil (July) Yesterday’s close: Settled 77.57, down 1.09 WTI Crude Oil futures are showing renewed life this morning, trading nearly 2% from the low through Asia’s open. In fact, commodities broadly were hit sharply during that timeframe. Soft economic data and hawkish Fed speak have been a headwind this week, but less of a draw than expected on yesterday’s...
Buy Crude @6514, t1 6580, 6620, 6700, 6800+, SL 6400
Light crude oil, with the fall of several months and the price correction, is now close to the main support and the past purchases made by investors. who have placed an order will approach and make a loss, and by following their analytical and investment path, you can achieve a good profit in the long term. Sashacharkhchian
Technical Momentum Weakens Crude Oil futures are declining in 2024 after correcting to the 200-day moving average at $77.55. The technical perspective shows momentum studies recovering from oversold territories, while the 9-day moving average is trading below the 18-day. DMI- is above DMI +, indicating that the market is in a correction phase, while the Average...
So this is the forecast for Crude pre 1030est news. I'm favouring some BSL to be taken if the 1hr FVG gets disrespected. With 1hr fvg above and the BSL that is pointed out with the arrows. If we show rejection from the 1hfvg we are currently near then PDL will be the target. With news there is no certainty. Overall I am HTF bearish however a sweep on BSL could...