It seems NYMEX Crude Oil may continue one more week of oscillations before it soar to a new high.
I expect it can firstly retrace below than 63 in 1~2 days then rebounds in the horn pattern.
But the pivot area (shown as Horn Pattern) is already mature, so it may breakthrough this week as well.
For scenario 1, i apply short term (like 15m) trend trade. but create middle term position for 5~8 dollars gain.
For scenario 2, I wait for short opportunity after breakthrough.
I expect it can firstly retrace below than 63 in 1~2 days then rebounds in the horn pattern.
But the pivot area (shown as Horn Pattern) is already mature, so it may breakthrough this week as well.
For scenario 1, i apply short term (like 15m) trend trade. but create middle term position for 5~8 dollars gain.
For scenario 2, I wait for short opportunity after breakthrough.
Nota
I had made limited Long order at price 63, but price wave away from my set. Scenario 1 ceased. Now i need work on scenario 2 and way forward...It's overvious there will be new high after 1~2 days oscillation. after that it could continue oscillation, soaring or start long time frame retracement...
So short term, on 30m level, i would make Long limited order at 65, SL:64.6
For long term, i need monitor how strong it will be after price breakthrough 66.
(i may make a new idea file after i saw divergence for price above 66)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.