Frustrating indeed! Sliding SL & TP can help.

WTI Crude Oil Trading

May contract on H4: The median failed to break above EMA20 and downtrend line at ~61.87, then fell through uptrend line at ~61.55. The H4 downtrend from Apr 25 has not been broken.

WTI Crude Oil Trading

Exactly at EMA20 on H4. Failed to break above.

WTI Crude Oil Trading

The H4 median is in a new pennant. Breakout direction remains to be seen.

WTI Crude Oil Trading

The sharp reversal up crossed EMA20 and a downtrend line (red) near 62.10. Getting to ~64 would not be difficult if this move continues.

WTI Crude Oil Trading

End-of-week chart. A relatively quiet Friday.

WTI Crude Oil Trading

WTI April contract on H4: The median line failed to cross EMA20 and the downtrend line. The next 4 bars saw a decline beyond the second lower band (LB2) to a low of 60.95 for a decline of ~250 pips. The Keltner bands show WTI is seriously oversold, ...

WTI Crude Oil Trading

The ~24 point advance from Dec has not had a significant correction. An 8-12 point correction is possible, depending on geopolitical happenings. Today was mostly sideways volatile, but the median line could cross through EMA20 and a downtrend line ...

WTI Crude Oil Trading

Nothing conclusive that I can see.

WTI Crude Oil Trading

EMA20 is at ~64.0 and could be a resistance level.

WTI Crude Oil Trading

May futures contract traded high of 63.29 so far - I understand you are doing CFD.

WTI Crude Oil Trading

What time frame do you focus on?

WTI Crude Oil Trading

Commodities trade on various licensed exchanges. You have to do some searching for those you are interested in.

WTI Crude Oil Trading

Excellent!

WTI Crude Oil Trading

I hope you let it ride down to your TP.

WTI Crude Oil Trading

End-of-week update: WTI May contract on H4 chart. Immediately ahead of the arrow there are 3 local peaks in a declining sequence that suggested a coming down movement. Then at ~65.75 (arrow) the median crossed both the up trend line (blue) and EMA20 ...

WTI Crude Oil Trading

There is a lack of buying support across several markets (equities, bonds, precious metals, oil). On H4, the May contract breached an up trend line (blue) and EMA20. Now about 55 pips above top of previous trading range at ~64.56. Some very ...

WTI Crude Oil Trading

WTI bounced at ~65.6, which is also location of EMA20 that can also act as support. Now up about 50 pips from there, but no clear signal that I can see.

WTI Crude Oil Trading

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WTI Crude Oil Trading

I agree on apparent support ~65.6, which is now not very far away. The uptrend from late December remains intact. Overdue for a big correction?

WTI Crude Oil Trading