Trading Crude Oil with price action + indicator

Man when is this puppy going to re-trace?? i want to re-load shorts!!!

This $93.40 (on Oct contract) support... will it hold???

I think at the end of this contract oil will be for free

we should see up move soon, we wont go below 93

What caused the $2.70 drop in the oil price today ?

not sure. I wonder if $93 will hold... i want to see $98 or so, to get some shorts in!

hi Seanwg would why would you want to go high to short? this is Oil with massive Geopolitical issues around the world, i would mush prefare to buy from here and hold for 110+ than try sell from 98

I guess it depends what type of trader you are - short or long term. I'm only focusing on short term... ie < 1 month

I think investors sold oil September befor expiration and purchased new oil contracts which made oil fell down ..... And I think around 92.80 or 92.70 is a good price for buy

This is ideal price to enter sell again. It will go down again to 92.

Stop Loss at 95.50

i think stop above 96

i'm not so sure about short right now.

I track SMA 9/20.

We are a day or so away from a either a x-over, or a dump lower...

The lowest low, Aug 20, on OCT is 92.50. Until I see us clearing that... let it go higher, and reload.... after $96 I'd look




Sean

Anybody see it at 90.00/88.50? Seems to me that will be the zone for long

currently Brent is retesting a weekly low. let's see if it's able to break through towards the downside. it it breaks downwards, then next support will be at 91.50 zone

Crude OIL.
A small test order to test the plan that oil will move down more
Sell limit 93.75
Stop 94.05
Profit - no. First target zone 90.50. Then 88.50. Then 85.

Very optimistic idea for trader and very pessimistic deals for "oil" and oil-depended countries like Russia and Canada - CRUDE OIL WILL COSTS 75$ AT THE END OF THE YEAR

4H chart.
1. Support on 89.68 actually till wednesday and if the price doesnt touch 92.25
2. 92.25 - is the main price for the week to plan trades

If I may join the fun?

Opened long XTI/USD at 90.84. Initial stop set at ~90.57.

Trailing stop hit (last swing low). I am thinking of going long again.