Trading Crude Oil with price action + indicator

Thank you Jerem. Great article, exactly about the technicals and fundamentals behind the oil prices.

So in the short run you more likely to trade with technical indicators? Could the fundamentals ruin your technical analysis in the short term?

Actually I think we have not the same definition about short-tun. For me technical are for entry points on a 10 min chart. Or when I place very short-term trades (intraday trading).

But I give way more credit to fundamentals when I am placing a trade with an horizon of a few days / week.

For instance at the moment I am short on the market. I used technical for my entry point (at the top of the trading range we have been experiencing since almost 2 months). But my conviction to be short derives from my fundamental view (too much production for a sluggish demand) - because it always comes down to fundamentals when big moves occurs.

What makes oil market tricky is that you have to take into account expectations which are very volatile (related to OPEC cuts for instance at the moment). My view today is that expectations are too high relative to hard current fundamental situations.

Hope its clear

Some more air into the bubble..

Prior to Saudi Arabia's IPO for Aramco OIL should rise big time from here to $6o at minimum and DOW to 23,000

http://fortune.com/2017/02/20/saudi-...aramco-ny-ipo/

Macro.



Current potential pattern



Or..... it just keeps chopping sideways

/Trade safe

As I had said.. This will rise and be manipulated to rise. We will be hearing that oil inventories dropped to justify gains

So.... just loss of volatility..... (yawn a day)

Today I made my month

https://oiltrading.blog/2017/01/30/o...tion-analysis/

Was holding my short, still think there is more downside.

Maybe 50 on Brent..... yup

46? If brakes 50..

What trading levels for intraday trading??
how to find them please make us enlighten...

today sell #48.30 and booked 48.17

now buy pending 48.52 for another 10-12 pips
thank you all

please check everyday here for levels and reply if you trade

thank you all

i dont trade oil and dont check but i wish i could check in last 3-4 months and see that...anyway if people trading oil and check this thread be careful if you plan long...seems like there is no support till 43 good luck everyone you can check my trading page or you can follow me on twitter : @100pipsHunter

As of this week, the crude will remain bearish.

Major changes to the north will show as from the OPEN level of April

Last week inventories adjusted higher hence the current bearishness of price

I think trading the crude is much better than forex in that the crude pays more per pip.

The main thing is to have bona fide SR levels and strike your entries strictly at pullbacks around the SR levels
in the direction of the WEEKLY + DAILY candles.

That is the best way to tame the beast in the crude.

I have been trading it for five years with excelent results. Its very good to those with patience.

Jimmy

Your setups are very brilliant.

Overall, what do you think will happen from now into April crudewise

Not sure of much, I'm fairly sure that the numbers not going over 60 in the medium term. Too much supply, not enough decrease from the cartel. The market recovery is not so bullish anymore. More sideways for a while in the overall range.