Crude Oil

unlike gold oil not broken the heart line , limit down yet , so can bounce a little , as crude seems too hurry to fail than brent , , so play range up a little to most possible breaks and down as well. watching

very difficult bounce at this level of failure , though for crude limit down 99.97 intact and great bounce possible if market wanted to ! if so why fail so drastically remain in question. as per technical levels , price already bounce to the maximum here near 111.79 in real , another wave up limit also 112.67.if 110.67 remain the high and likely then target prediction goes 97.13 or any down like next 93,5as in 5th leg. finishing this leg down likely correct towards 112.56 again. lets see , take care
so can be pa like this , price below 104 to try 110 before final tanking.

Bear down very active, limit daily weekly still not broken, break first! Now 107 target for bounce but may not reach easily. Anyway bounce at any top will short continue! Take care

good achievement that breaks down limit 99.97 , next sr 95.50 , best 89,50. brent also broken 102.11 . so go further down before up again take care

perfect tl test but may not enough as brent to do so too to 96.77 , so waiting for a breakout 89.69 or little low to up next leg . take care

same as before , will target 84.95 from any above , 107/111 possible or better now to tank next , already top failure in hand , now just to accomplish . anyway unrest market may go more or less for any leg ! take care , fontu

23 03
WPP & DPP.., classic & DeMark's ones ( from investing ) on M30 chart

in addition
Weekly DeMarks' Pivot and R&S lines

we are above for now..,
Monday move oil "up", Tuesday "down".., then at night API report came.., totally BULLISH
what we can expect today.., a kind of rhetorical question
"range day" ???
because today is
United States EIA Crude Oil Stocks Change

Attached Image (click to enlarge)

happy trading

I have been bullish all week. Took a long yesterday and hoping to be out before the inventory figure.

Target hit,

All good for a Thursday morning, so far. Teetering on the brink, upside : )

Long again, same setup as the previous trade, trying to catch an extremely sharp falling knife.

Short biased, took one @50

Stop at BE now.... lets see if we make a new high.
Edit: And duly stopped.

@deukae, looks like your short bias is in play indeed. Lets see if price action generates another opportunity for me.

Out @111.28, +320

https://www.youtube.com/watch?v=DwrknUSNGuM

Crude oil inventories at the Cushing hub in Oklahoma have fallen to the lowest seasonal level since the start of the shale revolution in the U.S., threatening sudden heightened price volatility this week.

$105 next week.

In my opinion, as long as price maintained above 110, bull is still in charge. If H1 create extreme below 110 I will follow downward movement.
Otherwise will stay alert with bear possibilities.

Just opinion, don't get swayed.