Trading Plan Crude Oil 04152020

15 Apr Trading Plan Crude Oil 04152020

These are my hypo­thet­i­cals for today’s crude oil ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

• W: Overex­ten­sion to the down­side but no HL made yet so we could see more down­side on the medi­um to long term
• D: D TT with price con­sol­i­dat­ing above VWAP but below LKC. If we can hold above 32.10 I would be bull­ish to 36.50. If not we can see a drop to 25.65, with an extend­ed price tar­get of 20.55.
• H4: Broke H4 Demand ZOI 27.05 but found more demand at 26.50.
• M30: Bull­ish engulf­ing cre­at­ed M30 Demand ZOI with con­se­quent lack of momen­tum push­ing back (late in the ses­sion). Today price revis­it­ed this Demand ZOI dur­ing the Asian session. 
• EIA report com­ing out today

Hypo­thet­i­cals

(Lack of clarity)

Hypo1:

M30 Swing Rever­sal @ M30 Sup­ply ZOI

Entry Short around 27.50, tar­gets 27.20, extend­ed tar­gets 26.90, 26.70, 26.50

Hypo2:

Range 27.10 — 27.40

Hypo3:

M30 Demand ZOI holding

Entry Long around 27.15, tar­gets 27.40, 27.70, extend­ed tar­get 27.90