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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

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  #811 (permalink)
 
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 bobarian 
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exit below 1sd rth,and watch it blast up...ugghh

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  #812 (permalink)
 
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Not to take the focus away from the TPO, etc but here's another look at this morning's reversal area. Will be interesting to see if we break below that lower trendline this week.


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  #813 (permalink)
 
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 Brutus 
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here's my 2 cents at lunch time. It looks like a balanced day developing with this probably rotating back up to the DVAH around 9670. But before that I see resistance at the RTH VWAP & 2days midpoint 9642 & resistance at PDL & ETH VWAP at 9657 area.

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  #814 (permalink)
 greenr 
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Look to me like we rejected fridays range

Sold off back into value

Did a sell program stop run

Buying absorbtion below the IB

Came back into value


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  #815 (permalink)
 meyer99 
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Does anyone have historical cl data in an excel file?
looking for H and L of RTH, H and L of globex hours and H and L of *:30am to 9:30 am EST.
Thank you.

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  #816 (permalink)
 meyer99 
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8:30 am

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  #817 (permalink)
 
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 Private Banker 
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Interesting day. The market opened out of balance and at the tail end of Friday's wild range. Basically just a rotational day today with once again limited opportunity. Just seems like this thing is going to blow at some point here. Another tight ranged day giving us exactly 1.00 in range, lol!



Looking at the bigger picture, there are some key developments that are starting to look interesting. First the Oil Vix is still very low but did take out a small swing high recently. We still have the eternal falling wedge in place but could be on the upswing here. Same thing can be seen on the weekly chart.

Daily



Weekly



Looking at the monthly bars, we can see we are still trading within the bracket I've been referencing for a while. We did manage to close above the bracket high but the first few days of February have brought us right back into the bracket. There's now a chance we test the bracket low but we'll need to see how it goes here as its only been a few days into the month.



The daily chart shows that were are starting the struggle on getting up to the gap above with all of this slow daily bracketing. I don't think we topple over but you never know. We just haven't established much excess above yet.



Also on the daily chart with the standard moving averages, you can see how the 10 EMA has been supportive this entire move up. But we got a close below that today as well as the basic trend line many have been drawing lately. Just a pullback or are we topped out? The MACD is pinched and ready to cross over it appears but still well above the zero line.



The bigger picture VWAP is showing that we are very close to the VAH. A big move down and a blow through this past summer's support would most likely pull the VAH to around where we are trading currently so, good to be cautious of that.



Here's a daily chart showing the VWAP from all the previous swing levels which have all converged to center obviously but will begin plotting a new VWAP based on 2/1's bar to see what the reaction is in the event that was our high. If we break above, we'll need to reassess obviously. It will be interesting to see if we start retreating towards the VWAP from the most recent swing low which is now sitting at 90.22 with the recent swing high's VWAP sitting right there as well.



Anyway, its good to step back and look at the bigger picture to fully understand what all the time frames are doing so that it can keep you aware of what is unfolding on multiple levels.

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 greenr 
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Here is what i saw and did today....my take

We opened in balance...out of value at the extremes of yesterdays range

I took a short at the highs using ETH vwap 1st dev as over head resistance




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  #819 (permalink)
 
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 Surly 
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greenr View Post
Here is what i saw and did today....my take

We opened in balance...out of value at the extremes of yesterdays range

I took a short at the highs using ETH vwap 1st dev as over head resistance

Nice - this is that same trade you and Ben have talked about before. I was watching this b/c of the commentary in this thread and did the same thing. I've closed my trade when we didn't get back to open. I read this as a open-auction rather than open drive or open-test-drive. Now I am going to wait for a breakout and determine whether I think it will succeed (enter on pullbacks) or fail (fade the breakout). Thanks for your post - feel free to comment on my comments, I'm learning from you guys.

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  #820 (permalink)
 greenr 
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Surly View Post
Nice - this is that same trade you and Ben have talked about before. I was watching this b/c of the commentary in this thread and did the same thing. I've closed my trade when we didn't get back to open. I read this as a open-auction rather than open drive or open-test-drive. Now I am going to wait for a breakout and determine whether I think it will succeed (enter on pullbacks) or fail (fade the breakout). Thanks for your post - feel free to comment on my comments, I'm learning from you guys.

Nice one Surly

I was abit early as usual.....i alway seem to jump on these too fast

Were starting to see the sellers come in slowly now

Small IB range to work with though

The best entry was to sell the Globex highs

I am 90% Ben would have shorted them and got a way better fill then me

Time will tell im sur he will bost one he is risk free


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