Nymex Futures Long CL1!Wait for the pullback down to the orange box for a long entry
The support shown has confluence with the 100EMA, .618 Fib pull
from the last swing high and the bottom of a respected channel .
Expecting a bounce in the area shown but please be aware of
the numbers due today and tommorow .
The American petroleum Institute on crude oil stock levels
as well as official numbers from the Department of energy on the 17March.
Set a Alert for this trade and watch how the market reacts to the data with a solid plan .
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Cl1!long
gold is valid for entry - l'or est valable pour l'entréeANGLAIS :
Hello everyone
Gold is now in a good entry point after the descending wave shown in the blue line. However, gold now has fierce resistance, it must cross 3 resistances: green, yellow, orange and will go to the moon
Note: The output in the first red candle you see is greater than the green candle
FRANÇAIS :
Bonjour à tous
L'or est maintenant dans un bon point d'entrée après la vague descendante indiquée sur la ligne bleue. Cependant, l'or a maintenant une résistance féroce, il doit traverser 3 résistances: vert, jaune, orange et ira sur la lune
Remarque: la sortie de la première bougie rouge que vous voyez est supérieure à la bougie verte
crude oil futures ORDRE LONG / 30 $ & short / 60 $ .
HELLO the winning investors I hope you are well and in good health.
Here are some ideas to get the most out of it and also to give good results,
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Crude Oil breakout towards $48 a barrel possible. With most of the economies around the world returning to their pre-Covid19 capacity, it only makes sense that the demand for Oil will increase. The US government has also been rumored to be thinking about giving Americans a $4000 vacation tax credit to help boost the tourism industry.
What pitchfork indicator says about Crude oil Future!!The pitchforks indicator gives us signs on the trend of Crude Oil Future.
We have an increasing trend between S1 support and R1 resistance, so we expect that CL will continue evolving inside that hallway.
In case he breaks down the S1 support, we will see a bound on S2 so that the CL continues its growth inside that indicator.
However, if he break up or down the pitchforks indicator, we expect a new trend of CL.
CL signalsThe Crude Oil future is in general in a decreasing trend, but inside the hallway between R1 and S1 it was increasing. Currently, we have signs of decreasing trend, since we have that red volume and red candle after succession of green candles.
The advice is to sell CL now for intraday trading. We expect its decreasing to reach the S1 Support.
Oil Future for intraday tradingHello traders,
The oil future is marking signs of an increasing trend.
We have important volume and special candles that assure this increasing trend. For Intraday trading, it will be profitable to buy now, and wait either for the red volume and red candle to sell, or wait a break of the resistance R1.
The advice for intraday trading is to buy and wait for red volume and a candle, and for the resistance R1’s break down or up.
CL, Oil Future in a good progressHello Traders,
Since 12 June, CL is taking an increasing trend, despite some up and down changes.
The pitchfork indicator shed light on the hallway and the trend support on which the CL is making progress. If the CL breaks down this support, I expect a comeback to first resistance.
The Advice about CL: In general, CL is taking an increasing path Bounded by the Pitchfork Indicator.
Oil rally off news, to continue to $65! Crude oil prices skyrocketed from the news that there was an attack on an Iranian militant in Iraq which increased tensions and caused oil to pop. Oil was already on a tear to the upside and market structure suggested long side, this just gave price a little jolt of energy. Tensions may continue to rise but market structure is still saying upside. The break above the top of the channel ensured the upside. The bottom of the channel and support structure held really well on the intraday with a double bottom at $60.70-$60.80.
From the break of the previous high at $62.30 and the break of the channel we have now experienced a pullback into that area for a continued move higher. The $62.30 level held as support really well after hitting the $64.00 area. The next target is $64.00 yet again which is the 150% Fib extension area so target 1 was hit. The next target is the 200% Fib extension at $64.98.
Should price break below $62.30 there is a potential for a pullback into the support at $61.00 where the impulse from the drive higher started.
This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
ridethepig | Energy OverboughtA good time to update the Oil chart after the OPEC desperation leg. Those following the previously posted long-term macro chart will remember the breakout we have been tracking:
On the demand side, manufacturing remains sluggish and we are again outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day with only one direction for Oil in the long-term.
For the flows I continue to sell rallies, this works nicely as a hedge versus the USD devaluation / reflationary theme for 1H20. A major breakdown here will cause for a reassessment of the USDCAD macro map for 2020.
Remember we traded some of the swing highs previously to the tick:
Overall, I see the case for meaningful Oil weakness in 2020, but if we get significant USD devaluation - maintaining longs will require patience and tolerance. Difficult to trade, for sure, but I still feel the bigger Oil risk lies to the downside. Thanks for keeping the support coming with likes, comments and etc.
Good luck all those selling rallies in Oil.