Crude Oil Trading

rjshem

Well-Known Member

PVSRA voume based analysis method, From morning it was long accumulation
by market maker.. Final swing low was stop hunting confirms longs...
London closing also making factor in commodity.

Volume (Divergence) was falling after every HH indicators moment of short is fading.

Added trade book screen shot to show averaging the position during stop hunt...

Cheers.

P.S:post is only for Educational purpose!!
In chart, Ignore X axis time since MT4 is not Sync with System time since it is serve based!!
thers a nice price action setup also there above 8 25 high visual downtrend then pivots in def area above verl (breakdown failure at vpl)long above that pivot one of my favourite setup.
 
Crude oil in a very tight range of 25-30 points yesterday. If 3150 is protected then we are going higher to 3290/3300 and even maybe 3350-80. But we need to take out yesterday's OBV high of around 10:45 PM
 

checkmate7

Well-Known Member
Crude oil in a very tight range of 25-30 points yesterday. If 3150 is protected then we are going higher to 3290/3300 and even maybe 3350-80. But we need to take out yesterday's OBV high of around 10:45 PM
Thanks Varunji :thumb:...I think this will happen around Inventory results...But do update us when it happens...I need to cover my loss from last week :(
 

checkmate7

Well-Known Member
What is today's outlook in crude?

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It is still on SELL side but as Varunji said if it breaks the OBV of last night high then only it can go UP...

Also today is inventory day so on event day at 8pm anything can happen...
 

checkmate7

Well-Known Member
Crude oil has become a buy now with SL of 3150 as volumes have come.
Yes Varunji also OBV above 200EMA...Was busy with work...oppurtunity lost....

Did you initiated any trade???
 

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