CRUDEOIL1! looking good from here. all traps done now .Crude Oil West Texas forum
CRUDEOIL1! looking good from here. all traps done now .
MCL1! Question for anyone interest in brainstorming: Oil production will increase due to trumps policies are being share with other countries. Theoretically, that would create more supply which would bring the prices of Oil down.
However, we're also seeing conflicts, military actions, tech development and other things happening simultaneously. These events could be the cause for an increase in demand that would bring the prices of oil up.
The new demand would bring enough money to offset the increase in price, keeping gas prices for consumers low while also benefiting countries and companies.
Am I tripping?
CRUDEOILM1! What if the inventory news is for the retailers to go Short and the big players go long against itCRUDEOIL1! U.S. crude oil inventories increased by 1.59 million barrels, reaching a total of 2.415 million barrels. This rise contrasts sharply with the previous decrease of 838,000 barrels and surpasses analysts' expectations of a 1.9 million barrel drop. The unexpected increase could impact supply dynamics, oil prices, and market sentiment in the energy sector.MCL1! Rejection from POC.If we don't reverse this candle, we're going towards 60.
For a bullish move, we need that level to hold.
MCLV2025 hit that new HIGH, saw that retest to the downside - now we are back into the 65.11 area and up have to continue to stay closed above that area to see more buying opportunities. right now in a LONG - shooting for that 66.02 area on the 15min timeframe.
CRUDEOIL1! short sell 5685 sl 5720 tgt 5570 Positional Trade Outlook – Crude Oil (Sep Fut)
CRUDEOIL1! buy CMP 5588sl - 5563 ( 4 hours closing)
Target 5776