Crude oil daily targets (also weekly)

This is a discussion on Crude oil daily targets (also weekly) within the Commodities & Money Markets forums, part of the Markets category; Hello, I will post the direction crude will go (or is likely to), daily, along a few charts. Will also ...

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Old Jul 2, 2017, 11:23am   #1
Joined Jun 2017
Crude oil daily targets (also weekly)

Hello,

I will post the direction crude will go (or is likely to), daily, along a few charts. Will also be useful as I will detail and analyse the "why" in case of different outcome.
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Old Jul 2, 2017, 11:45am   #2
Joined Jun 2017
Tradersonflow started this thread From July 2nd to July 3rd


Hello, Open at 46.2.
I expect 46.6 to 47 to be reached around Monday 3rd noon time.
A move down below the 46 area would probably change this forecast, but I expect price to go straight up off the open.

Based on my trading tools and slight knowledge of the market, a few years.

From July 2nd to July 12th +-

Let's expect crude to reach 49.50 or so.
A move below 45 would change things, however I don't expect it.
So that would be a 100tick SL to 300 tick TG from the open at 46.2.

However It is not recommendable, better take several longs along the way if they happen with few-tick stop losses as the plan might be invalidated.

Please see pictures attached.
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crude-1.jpg   crude11.jpg  

Last edited by Tradersonflow; Jul 2, 2017 at 12:17pm.
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Old Jul 3, 2017, 4:44pm   #3
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Tradersonflow started this thread There you have, it is 11.40 am.The day after


And the funny thing is I overslept and took none of that, cause trading is boring, pretty shameful tbh,
500$ [or even 1000$ with only 2 contracts] in one day, announced 12 hours before.,
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Last edited by Tradersonflow; Jul 3, 2017 at 4:50pm.
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Old Jul 4, 2017, 3:55am   #4
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Tradersonflow started this thread July 4th

July 4th activity may decrease a slight bit due to holidays, but I still believe oil is bullish and oughtta reach 47.60/47.80 if not slightly higher.

Currently at 46.80, Below 46.60 I don't see anything at the moment. Wait till tomorrow morning to confirm. Well, everything summed up in the charts. Let's see.
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crude2.jpg   crude22.jpg  
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Old Jul 4, 2017, 12:17pm   #5
Joined Jun 2017
Tradersonflow started this thread Got something interesting here.
This model I made is kind of telling me we have a potential 5tick stop loss for a 60 tick objective.
as picture suggests we are at 46.91
So SL would be 46.86.
it is 7.10 eastern time

Basically it shouldnt go below the first blue line.
Watch your charts.
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Old Jul 4, 2017, 3:03pm   #6
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Tradersonflow started this thread Should be Okay
5 tick Stop Loss for a current 30 tick profit.
R:R about 1/6.
Ideal R:R 1/18
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cr444.jpg   cr4444.jpg  

Last edited by Tradersonflow; Jul 4, 2017 at 3:55pm.
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Old Jul 4, 2017, 4:20pm   #7
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Tradersonflow started this thread leaving the playfield with $250, initial risk of $60. Keep up.
Not over yet though, maybe.
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Old Jul 5, 2017, 8:17am   #8
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Tradersonflow started this thread July 5th

Thinking about this but Id probably need to review in a couple of hours, seems okay but it depends on the day.
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