Crude Oil

I like Ichimoku on M30
...let's break 102.18..,
in addition 4H

Ok, Easter hol. That's why action is subdued. Have little grasp on the oil fundies, & don't know if holiday is same out East Might be a truce in hostlities. Anyhow, will consider this a Friday long WE type situation, BE sooner, exit eod or TP+.

Will [email protected], and assume shorties r looking for better price nearer 85.

[quote=babayaga;13969074] to 105 or to 100.., first ???

first came 105.., to be precise 104.98 for now and from 102.5 to 105...
day have not finished yet

waiting for next tanking as start . take care , fontu

weekly PP are 102.51 (classic) & 103.79 (DeMark's)
rollover during these days could change price depending of contracts..,
now I watching 30M inside bar (H106.56, L105.87) from Friday..,
could be interesting today without London

DPP.., 108.01 (classic), 108.46 (DeMark's)
right now close to S1 - 107.11 (DeMark's daily)

just a breakout , needed signal and confirmation for next tanking . take care

with such a bullish API data yesterday, crude did not make even 50 pips spike (UP).., it was around 20 pips up after data release..,
probably she is too expensive already...

today


DPP is still untouched..104.53 (classic) & 103.92 (DeMark's)
P.S. she is staying in a two hundred pips (101.50-103.50) range from yesterday night, going slightly up..,
...I see two possible target, 98th & 108th..,
imo 108th will be print first.., what could lead to "112th gap filling".., or down..,
wasn't she going up with a "bearish" data releases last week

daily chart.., let's observe its "inside bar" candle..,
crude can go both way.., up&down..,
but as this chart shows.., there is quite strong formation below that was already "confirmed"
below 99.20th as a "support"
and above.., 105.50th "resistance" line, and after possible break.., there is a plenty of room.., till 114th
which way she would prefer to...

after the data release

...still in the same channel.., around 102.50th.., what to me means complete indecision.., or price has broken down (?!)
...at least there was a spike for one hundred pips

breaks , retested and now just to hold breaks the confirmation 101.689 for the tanking most probable with 1st target 92.62. take care

Tomorrow is CPI data in EU. Maybe a higher than expected data could result in higher values of commodities.

nothing any great forecast , so may follow what doing before .

there was a false breakout down yesterday , anyway looking for next tanking between above 103.83 to 106.63 , so bounce to back play , care

4H chart with some TL
btw.., DPP are below now.., 102.53 (classic) & 102.08 (DeMark's)

there is a gap around 103.70th..,
let's see if price will leave it for now or come to fill it

Pls write few words what you want to share /let others need to understand from ur chart.
Thanks

Gone shrt WTI at acting res, on a third of reg size, bc engaged in XAU sh earlier. General idea commod down ST bias

Update: closed -50/3

Update2: reentry @res, bb+
order rescinded, following EG atm