Sans_Sheriff

Crude Oil Bearish Continuation

Satış
Sans_Sheriff Güncellendi   
NYMEX:CL1!   Hafif Ham Petrol Vadelileri
CL1!

Crude Oil futures marked on the 1D chart

CL looks like it wants to target $66 on the weekly chart, so here's the daily chart for zoomed in analysis.

Confluences
  • Relative equal highs (EQH) for internal buyside liquidity rests in the middle of the range.
  • Imbalance above EQH.
  • Rejected a past 1D liquidity void.
  • Rejected a past 1D imbalance.
  • Overall bearish order flow since the summer; draw on liquidity is lower.
  • Bearish order block that took buyside liquidity; should now seek sellside on higher time frame.
  • Break of Structure (BOS)

I believe we may see a midweek reversal for Crude Oil. We are at a discount so a premium will first be sought after (the EQH and imbalance around ~76), but the higher time frame narrative is still bearish until $66.
Yorum:
Idea no longer valid as oil looks like it wants to aim higher. However, this trading plan was immensely profitable for the week of December 12 - 16 despite the medium-term forecast being wrong.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.