oil, cl, day trading for Mar 6th 2020Now that is a balance breaking down side move and is strong down side so gives me a bias to shorts, with a 42 target.
the best a up move I think could have is 46 and then back short.
CL
cl, oil, day trading for Mar 5th 2020today we remain in the consolidation and will be looking for consolidation type trades. but will be ready for the bigger unbalancing move.
So long in the area of the red bottom and short from the red top area.
oil, cl, day trading for Mar 4th 2020Today not even going to talk direction or targets, we are inside the red zone consolidation until we are not, and when we are not that is very important information. So i will be looking for trades using the sloshing of the market until one end of the tub over flows.
wti, oil, cl, day trading for Mar 3rd 2020Well oil has bounced up some and needs to show us it wants to go higher before getting long today. The range for the day is plenty large enough for good R/R trading from the red highs and lows, but watch for impulsive action near these levels. My gut ( for what it is worth) says oil will move higher , but always be ready for the down side test as it looks for those long term buyers.
cl, oil, day trading for Mar 2nd 2020today looking at a bottom side consolidation that needs to break for directional info, however the range is wide so some very good inside trades can be had today, so follow the impulses.
Time to wait on Crude Oil by ThinkingAntsOkToday we will analyze a weekly chart after the price reached our expected target.
The way we analyze the chart is focused 100% on identifying major support resistance zones and forecast the possible scenarios there, either for a reversal movement or a continuation one. Also, we support our analysis by looking at similar situations in the past and understanding what the price did. Without further ado, here is our view on Crude Oil.
a) The price is on a Major support zone. We can see in the past how the price reacted there several times
b) Based on the previous scenarios, we can see that before breaking the current level, the price formed a weekly corrective structure of 2 months duration.
c) Our Short Scenario will be to wait for a clear corrective structure with a similar duration of the previous one, and then we will aim to develop trades to the next support zone at 27.47
d) Our Long Scenario needs the price to reach the 54.5 zones; there we will wait for a quick reaction on a lower timeframe such as 4HS and, we will aim to develop long setups towards the next resistance zone at 61.95
e) We are Swing traders that means that we are focus on catching trends and not inner movements of corrections. That's the reason we wait for clear setups that present high-quality opportunities.
f) Check the link to related ideas if you want to keep learning the way we trade crude oil, Have an amazing week!
cl, oil, day trading for Feb 28th 2020Today will tell a interesting oil tale on where oil wants to go, so will be watch the red zone for my first clues. Has been a wild week and we could stall for a chop today but be ready to respond to a big reaction.
We are still under the short line from yesterday so still leaning short.
oil, cl, day trading for Feb 26th 2020oil is finding new lows it has not seen in a very long time and for now will not post any lower targets below the ones on the chart, however look out below if the blue lines do not hold.
Will be seeing if the up side can gain any strength today on inventory numbers at 10:30
Daily View + Trade Idea on Crude Oil by ThinkingAntsOkUse this as a guide to develop your setup:
a)Based on the post we upload yesterday on Crude Oil we have developed a short setup (check related ideas)
b)Our Entry / Stop / Break Even / take profit has been set.
c)We expect a continuation of the bearish movement towards the next support zone
d)We can see 2 circles on the chart that are similar situations, and the previous one helped us to develop this idea based on the technical aspects we currently have.
e)We always take all our trades to a 1% risk.
f)The Risk reward ratio on this one is 1:2
cl, oil, day trading for Feb 25th 2020today will be watching the red zone and the first blue target zones, I feel no clear direction until the first blue zone is broken. I will be looking at inside trading as long as this wide area is in tact.
cl, oil, day trading for Feb 24th 2020we have had a good sized move to the bottom of the big multi day range and will test that range to see if a move to teh lower targets is going to happen. I am thinking it will.
Watch red zone and impulsive action and trade accordingly.
cl, oil, day trading for Feb 21st 2020Oil has been moving down back into the top of the prior multi day range and this red bottom is an important level to watch to know if the buyers step in or just let it go back into that prior consolidation. For today at least oil is giving a look that the up move is tired and does not want to push much higher.
So I will be looking for smaller choppier trades or a break down into lower areas. I do keep my mind open to being wrong and am always ready to go long in this situation if the buyers show up and push hard to the up side.
cl, oil, day trading for Feb 20th 2020Oil has found it way for now and that is up, so looking for bottom of red zone test below and bounce or a red zone top retest up move.
I Flip short if we move below red zone and stay below.
cl, oil, day trading for Feb 19th 2020 watch today my es charts are on April and usoil on TV does not look to be on the same expiry period.
Yesterday has a fantastic accumulation and unless we can move back into the prior distribution oil looks like it wants to go higher. The early session high (red top) will be the clue as to if this happens today.. Move down I think would get back into some choppy stuff.
oil, cl, day trading for Feb 18th 2020Oil has a big red zone with close targets so a trade taken inside the red zone and see if it can break out of the zone for a bit better profit will be my primary focus today. This market is still in a big consolidation and has failed to keep moving higher so my bigger picture is still to see further weakness.
OIL Potential Strong Bullish SwingTrade Background:
Oil has consolidated at new support level at $49.30. Where price traded at support level for over a week. Now price has rebounded not too far from the next resistance level. Look for a potential swing to top side of the trend. This scenario has three key fundamentals to keep in mind being trade war, corona virus, market risk appetite and supply cuts.
Trade Idea:
Entry: 50.00 to 52.50
Stop loss: 48.50
CL Daily time frame seems to be holding at supportThe CL daily time frame seems to be holdings at support and pushing bullish towards resistance.
oi, cl, day trading for Feb 14th 2020Today we test the top side of the big range mentioned yesterday, so we are at a very important level, a level that will help show the going forward path. A solid rejections probably takes us down to range bottom, not saying in one day. And now a break above with buying will have a move to 53 and then we see if consolidates or keeps going.
cl, oil, day trading for Feb 13th 2020 we are in a big range and will widen the red zone to the outside of this consolidation and until we move out of this range will look for small trends inside the big range, and no clear direction until this clears this zone. That said the down side looks the most likely in the big picture.
