Anticipating The Next Oil Market Moves

Feb 28, 2023

Hey guys,

Lets look at US OIL.

Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering.

We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx.

Now, the story is different and people are not rushing to buy oil on the black market or making contingency plans.

Lets go over it and discuss how we can trade it.

Watch for more.

Feb 28, 2023

Note

Looking for 66/67 for longs 81/84 for shorts front runner first.

Mar 3, 2023

Note

Scalp shorts can be taken now but MUST be very light.

Mar 4, 2023

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Looking for pushes up next week circa 81 for light shorts.

Risk averse shorts come further at 84

Likely if long side bias sentiment continues.

Mar 7, 2023

Note

SZ1 hit. Very light entries

Mar 7, 2023

Note

Exit for gains

Mar 7, 2023

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Completely out of shorts. Any RE push to 81 constitutes very light entries, mid level entries come 84. Early Exits on both.

Mar 8, 2023

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Out for gains.

Mar 9, 2023

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May see a tiny bounce mid market..

However Market remains weak no real upside impetus.

Look for 67

Mar 9, 2023

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^ Make sure if you are Day Trading you are Out early on any upmoves.

Mar 13, 2023

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you can lightly long at this current pa level. Must be very light Or hold off until risk averse 67$

Mar 13, 2023

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boom exit for gains.

Mar 13, 2023

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Very, Very light longs if you take them EARLY exits.

67 for longs

Mar 14, 2023

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OIL getting stung. Let it drip..

Mar 15, 2023

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Remember this is an enormous lesson in Trading oil.

The constant poor price movement tells you there are not many oil buyers.

That is why we wait for levels where we know there is likely to be buyers (good PA).

See aformentioned for this.

Mar 15, 2023

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Scale in long.

Mar 15, 2023

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exit longs out for gains.

Mar 16, 2023

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RE light long circa 66-67$ P Barrel

Mar 16, 2023

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Exit any longs

Mar 17, 2023

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Too early for shorts; larger rise needed,

Looking long under last low.

Mar 20, 2023

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RE long at current PA zones.

Use Indicator REF.

Mar 20, 2023

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Exit for gains.

Mar 21, 2023

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Exit all longs look short 72

Mar 22, 2023

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Be wary of pops on news.

Light front runner OK at this point remainder at 72.00

Mar 23, 2023

Note

Start scaling in short

Mar 23, 2023

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Out for gains again.

Mar 24, 2023

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Oil weak longside hold off longs until RE attack further PA levels 62/63.

Mar 27, 2023

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Alike many other markets sentiment limited.

Light shorts just over 72 and longs preferrred 62-63 area (risk Averse)

Mar 27, 2023

Note

Light shorts in now.

Mar 28, 2023

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Looking for earlier exits circa 71

Mar 29, 2023

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Still short at current PA

Mar 29, 2023

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Exit Shorts

Mar 31, 2023

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Only VERY light shorts early exit.

More risk averse or safe traders can hold off until 80.2 Area. 63 for longs preferred.

Apr 3, 2023

Note

Exit shorts taken @ 80.2. Looking for slight higher to 82 RE entry.

TAKE NOTE of recent OPEC news for sentiment with updates to come.

Apr 9, 2023

Note

Double note if you are a longer term trader/risk averse trader then 82 is not for you. Updates will come on higher Entries.

Apr 12, 2023

Note

looking 94/95 for Front runner Entries.

Apr 20, 2023

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Looking for longs circa 74.5

Apr 30, 2023

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Still awaiting 73.5-74.5 Area for longs

Jun 11, 2023

Note

Price Still teetering in sideways channels. shorts and longs light and in line with natural price movement and structure.

Jun 14, 2023

Note

Brace and Place Orders PRE news.

Jun 20, 2023

Note

Expecting fall under PREV lows. TGT for longs still much lower.