crude oil daily update , possible trade plandear traders ,
in this chart i try to explain the possible trading plan for the next months , this is only a theory of mine , but its the only way i see it
i have valuated this chart myself and i give it around 65% chance that it would work.
the red arrows and the blue arrows shows the resemblance that im expecting to happened to complete the pattern and the pattern within the pattern
blue arrows for the main pattern
red arrows for the pattern within the pattern
yellow arrows for the pattern within the pattern within the pattern , you feel dizzy already ? hahahha
anyway , hopefully it will work and good luck
CL
USOIL CL Price LEVELs to watch out for 16-09-2019Here are some levels I think would be worth considering, this is based on volume traded at these levels as well as time spent and over all confluence. If you think these are helpful in your trading please line, share to let me know I should continue to share these in the future.
oil, cl, day trading for Sep 16thMassive opening move and then very controlled low energy follow through so will be looking at the range created to give action clues. I will be looking to trade the red range and then more of a trend trade after the range is broke. targets are on the chart in blue. Orange lines are past major support and resistance.
oil, cl, day trading for Sep 11thVery interesting oil action that could lead to a higher level with 2 important red zones. We have the most current action and a bigger accumulation and distribution giving a well defined trading range and a very distinctive break out zone. Do not expect I will doing much until inventory report is out and then see if oil can break out of the outside red zone, Breaking out or not will control how I react at that time.
oil, cl, day trading for Sep 10thThe current action is not a balanced move and is not happy at this current price so i expect a break out, the red zone will help me decide what way it is likely to run. So either we run in a tight consolidation or we break out and will sit back and let market picks its side and then find a trade that takes advantage of that info. The POW triggers on our screen share will help a lot to pick the trade.
oil, cl, day trading for Sep 9thso far a tight range and in a small up move that is well balanced so looking to a smaller range of action today and will play the consolidation of the red zone. Real direction for me will come come in till 56.70 or 52.23 are violated. This means long from lows and shorts from highs until we break this zone.
Top and Bottom analysis on US OIL by ThinkingAntsOkUse this as a Guide to support or discard your own vision of the chart
Main items we see on the 4hs chart:
a) a bull trap has been made on the higher trendline of the descending channel (dot lines), we can see a Huge rejection candlestick, giving us a Bearish Signal
b)Based on the previous Behavior we saw on that channel, we should expect a retest of the lower trendline
c)If the price Re-enter to the descending channel (solid line) that would be a really important bearish Signal, to pay attention to the breakout of the Current structure
d)Currently, we are not taking any setup on this asset, we will wait to see the inner resolution of this structure.
Weekly Vision:
Daily Vision:
oil, cl, day trading for Sep 6thThe recent move in oil is down back into the middle area of a month long range, I think after a bounce back to red zone top then we could see a move back to range bottom. Back above Red top yesterdays high is possible. I will be watching Red zone close and we may just have a choppy day in oil.
oil, cl, day trading for Sep 5thafter a strong up move we are consolidating in a bullish 1 point range that could be the range of action for the day. The oil inventory numbers come out today so will be interesting what happens after that news. Will be looking to trade the consolidation today and only if it breaks will my bias change to the side it breaks out of.
Light Crude Oil Futures Weekly Probabilities 02.09.19 - 06.09.19Here's the results from my statistical analysis for Light Crude Oil Futures (CL) on the weekly chart.
LIGHT CRUDE OIL FUTURES (CL) STATISTICAL RESULTS
DATES:
02 Sep 19 / 06 Sep 19
CLOSING BETWEEN (at 06 Sep 19):
52.70 - 57.28: 71%
50.41 - 59.57: 94%
48.11 - 61.87: 99.50%
P.S. This indicator is not for sale and will not be published.
DISCLAIMER: This is not financial advice
Trade safe,
Atilla
oil, cl, day trading for Sep 4ththe move up has now stretch with low participation and probably could see a retracement before the up move continues. Will be watch the big red zone for consolidation trading, and will stick with that plan until a confirmed break out of this boundary. If a break out happens will then look for the upper or lower targets.
cl, oil, day trading for Aug 30thOil keeps squeezing into a sideways range and will break out at some point but until it does it looks very content at these price levels. So I will be trading it bottom up and top down until it picks a side. The red boundary is 2 things it is chop zone and target zone. wish there was more I could say but it is not that exciting just trade what it presents.
oil, cl, wti, day trading for Aug 28thoil is inside a very large distribution between 53.50 and 56.40 and looks very happy trading this range, so until we get out of this area I will be looking for it to keep finding the top edge of this range then dropping back to 54.60 area consolidating then deciding what edge to test next. I see the same thing from the bottom edge coming back to the same test point. This pattern will repeat until this distribution is broke. The break should give a very good clue to the big picture direction.
There could be a very good premium selling opportunity at this level, just make sure if you do that is make it a limited risk trade.