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Crude Oil

  • #561
  • Oct 4, 2023 12:53am Oct 4, 2023 12:53am
possible Wolfe Wave pattern ( to 87.50th)
30M
Attached Image (click to enlarge)
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"trend" might be helpful
88.80th (start point) to watch


P.S. DeMark's DS1 at 88.58.., to watch as well
dolce vita
  • #562
  • Oct 4, 2023 2:37am Oct 4, 2023 2:37am
Quoting babayaga
possible Wolfe Wave pattern ( to 87.50th) 30M {image} "trend" might be helpful 88.80th (start point) to watch P.S. DeMark's DS1 at 88.58.., to watch as well
btw, I was short yesterday when I noticed this pattern ( get in trouble, but finished positive ).., than I closed everything because of API, end of the day etc.
M5 isci, WWPat
Attached Image (click to enlarge)
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probably now too late to step in for me, just watch
dolce vita
  • #563
  • Oct 4, 2023 3:41am Oct 4, 2023 3:41am
Quoting babayaga
possible Wolfe Wave pattern ( to 87.50th) 30M {image} "trend" might be helpful 88.80th (start point) to watch P.S. DeMark's DS1 at 88.58.., to watch as well
M30
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-m30-xm-global-limited 04 10 0 e.png Size: 23 KB

...pure beauty..,
about two hundred pips to catch ( being aggressive, entering after pattern has formed ) and one hundred fifty ( being conservative, entering after price go through initial point)
dolce vita
  • #564
  • Oct 4, 2023 4:36am Oct 4, 2023 4:36am
two ways option...more probably to continio go on lower 5 usd more ...when dxy fcking the markets
sure it may jump before continue down or it may just bottom here where is the bottom line of daily ascending channel following since 25+ usd move
  • #565
  • Oct 4, 2023 4:46am Oct 4, 2023 4:46am
Quoting Traderak
two ways option...more probably to continio go on lower 5 usd more ...when dxy fcking the markets
what can I say.., some person are definitely obsessed with dxy
imo crude make correction down (?!).., why(?).., price cannot stay in one place forever.., simple like this..,
and I wont talk about seasoning, price to produce.., etc
dolce vita
  • #566
  • Oct 4, 2023 11:25am Oct 4, 2023 11:25am
Attached Image (click to enlarge)
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Target 78.00
  • #567
  • Oct 4, 2023 11:56am Oct 4, 2023 11:56am
Quoting babayaga
{quote} what can I say.., some person are definitely obsessed with dxy imo crude make correction down (?!).., why(?).., price cannot stay in one place forever.., simple like this.., and I wont talk about seasoning, price to produce.., etc
Reading market, PA by what is happening other pairs. And if there is TA formation supports especially fibonacci levels.
  • #568
  • Oct 4, 2023 12:17pm Oct 4, 2023 12:17pm
Quoting Traderak
{quote} Reading market, PA by what is happening other pairs. And if there is TA formation supports especially fibonacci levels.
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  • #569
  • Oct 9, 2023 2:15am Oct 9, 2023 2:15am
H4, stoch, DeMark's indy
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-h4-xm-global-limited 09 10 0 b.png Size: 15 KB

...quiet wild.., to 92th or 68th area
dolce vita
  • #570
  • Oct 9, 2023 2:20am Oct 9, 2023 2:20am
my daily's doubting me
Attached Image (click to enlarge)
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&
Attached Image (click to enlarge)
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...another divergence (?!).., back to Andrews'Pitchfork.., or no, just testing TL
???
patience
dolce vita
  • #571
  • Oct 9, 2023 9:09pm Oct 9, 2023 9:09pm
H4, stoch, DeMark's indy
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-h4-xm-global-limited 10 10 0 a.png Size: 20 KB

testing my indy.., entered two shorts yesterday
brent
H1, fib
Attached Image (click to enlarge)
Click to Enlarge Name: brent-dec23-h1-xm-global-limited 10 10 0 b.png Size: 15 KB

dolce vita
  • #572
  • Edited 9:51pm Oct 9, 2023 9:16pm | Edited 9:51pm
in addition to previous post
M30, adx ( shows possible trend),stoch, TL
Attached Image (click to enlarge)
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back to Monday PP (?).., I do not know yet for sure

P.S. edited: changed chart from H1 to M30.., Così mi piace di più Un po' più incasinato
& what I keep open: M1, M30 & H4
dolce vita
  • #573
  • Edited 9:50pm Oct 9, 2023 9:37pm | Edited 9:50pm
and of course
Daily, Stoch, TL
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-d1-xm-global-limited 10 10 0 b.png Size: 21 KB

two inside bars on the left, H&L: 86.99, 85.67, 85.34, 84.48 (to watch)
dolce vita
  • #574
  • Oct 9, 2023 10:11pm Oct 9, 2023 10:11pm
about my expectation..,
I do not expect that crude will close gap today ( could be marvelous of course )
but
I want to see WPP (DeMark's: 84.42) be printed
for today we have DPPs at 86.10 (Classic) & at 86.38 (DeMark's)
and 85.53 is DeMark's DS1.., and I'd like to see that it will be test first.., otherwise.., just get out
...and no news today
...and after crude&gold made gap.., someone needs correction down
dolce vita
  • #575
  • Oct 10, 2023 2:03am Oct 10, 2023 2:03am
Quoting babayaga
H4, stoch, DeMark's indy {image} ...quiet wild.., to 92th or 68th area
nice lines
  • #576
  • Oct 10, 2023 11:36pm Oct 10, 2023 11:36pm
H4, DeMark's indy
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-h4-xm-global-limited 11 10 0 a.png Size: 20 KB

...make your bet
dolce vita
  • #577
  • Oct 10, 2023 11:42pm Oct 10, 2023 11:42pm
brent
H1
Attached Image (click to enlarge)
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...still here in tight one dollar range
today besides news to come, API report.., so it's more like "Tuesday" today, not "Wednesday"
dolce vita
  • #578
  • Oct 12, 2023 2:06am Oct 12, 2023 2:06am
H4, DeMark's indy
Attached Image (click to enlarge)
Click to Enlarge Name: oilmn-nov23-h4-xm-global-limited 12 10 0 a.png Size: 19 KB


WPPs 85.39 (Classic) & 84.42 (DeMark's) printed
yesterday API:
Attached Image (click to enlarge)
Click to Enlarge Name: api 11 10.JPG Size: 13 KB

today EIA
?
dolce vita
  • #579
  • Oct 12, 2023 2:13am Oct 12, 2023 2:13am
Crude oil is a vital natural resource that is used in a variety of applications, including transportation, energy production, and manufacturing. It is a complex mixture of hydrocarbons that is extracted from underground reservoirs through drilling and pumping. Once extracted, crude oil is refined into various petroleum products, such as gasoline, diesel fuel, jet fuel, and heating oil, which are used to power vehicles, generate electricity, and heat homes. The price of crude oil can have a significant impact on the global economy, as it affects the cost of goods and services that rely on it. As such, the demand for crude oil is closely monitored and analyzed by market experts and economists to predict future trends and fluctuations.
  • #580
  • Oct 12, 2023 2:27am Oct 12, 2023 2:27am
Hi guys,

Been trading gold and only gold for a few years now, recently been considering other pairs gold has been starting to affect my mental health a little more than usual these days lol. I wanna get involved in different pairs like, crude oil, GBPUSD, AUDUSD and a few other commodities.

Anywayyyy, already begun my research on crude oil a few days just want to ask for the seniors here the experts here for any advice/tips/directions for trading crude oil?

Some important questions I have is,

1. what's better? US oil or Brent oil? what's the difference between the two
2. as fair as I know there isn't any correlation for crude oil with any other instrument it seems to move purely on supply and demand, is this true?
3. does crude respect technical analysis like most FX pairs do or is it easily manipulated like gold markets

Thanks in advance guys, looking forward to hearing from y'all
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