Recent content by Max22

support broken and trends reversed. switching my bias to the short side, so looking for a short at around 82.00 old support now resistance.

small bounce off 81.95 just under support , it turned into a scalp trade. They are trading back down into support and looks like if they break it this time it will reverse trends so i'm standing aside at the moment.

CL is in an uptrend at the moment and i believe has the potential to hit the 82.75 resistance level. There is some support at 82.00 . I'll be looking for a long if it triggers in that area.

What i saw as strength turned into a small sideways channel. Then we broke through support before bottoming out.

seeing some strength here. possible long setting up.

CL really moving down. There is larger time frame support at 81.30, may setup a long trade down there, will see if it sets up right.

After the drop from this morning we had a test of resistance denoted by the line on the chart. I was not watching when that occurred but after seeing it rejected several times I figured we would end up breaking the lows , so I waited for a pullback to get short on. Fortunately it came and I was...

CL made an attempt at the high and failed and the pullback I mentioned in the earlier post happened. I see support near 83.35 so it may bounce up from there.

CL Hitting some resistance here on the daily time frame. So I expect a pullback from here. I scalped a short trade for only a few ticks, but a move back up that fails could setup a short trade.

One long trade today in Oil, same setup as yesterday, bull flag on a smaller time frame. I take these when i see that the market is really starting to move. Here is the chart.

Short trade setup and I got stopped out on it.

Didn't quite make it to the support level. This bounce up looks weak but no short trade yet. It may setup, will have to see if it fails under the high or makes a false break out.

Took the bull flag for a b/e trade. Chart attached. Still looking for support to hold and if it triggers a long trade.

Looking for a long trade in CL today. Support is at around the 82.35 area. But If we get a break out of a bull flag in a smaller time frame I will take a long trade. If not i'll just wait for support to be tested.

Didn't get a chance to post after my last comment yesterday. CL went up to test 79.00 again and I got short and stopped out just underneath there. Then I rentered and had a positive trade. Another short setup after that which was a break/even trade and then a my bias changed to bullish and I...