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CLG2019 IDEAS AND PREDICTIONS : 24th-28th Dec 2018

NYMEX:CLG2019   CRUDE OIL FUTURES (FEB 2019)
22:00 EST 24/12/2018

Long Term: CLG 45 MINS,1 AND 2 HOURS ARE CON NEG. IN THE LOWER TIME FRAMES UPTO 15 MINS ALL THE TIME FRAMES ARE BROKEN THE RESISTANCE AND HAVE FORMED A W.IT SEEMS LIKE REVERSAL HAS STARTED. BT WE CANT SAY THAT UNTIL THE CON. NEG ARE BROKEN. IT IS NOW EXPECTED TO GO TO ATLEAST 45 MINS TARGET AND HIGHER. THE DECISION WILL BE TAKEN WHEN IT HITS THE LAST CON. NEG TIME FRAME i.e. 2 HOURS. 2 HOUR IS NOT EVEN TOUCHED ONCE SO AS 1HOUR. IF IT BREAKS 1 HOUR THEN IT IS EXPECTED TO TAKE SUPPORT FROM 5 OR 15 MINS AND THEN BOUNCE.

Short term : CLG IS EXPECTED TO MOVE TO 45 MINS TARGET ATLEAST. IT HAS TAKE SUPPORT FROM 10 MINS AND HAS ALSO FOREMD A W LIKE PATTERN. 45 MINS IS IN CON NEG SO THIS TIME FRAME WILL DECIDE ITS DIRECTION. IF IT BREAKS THEN WILL WILL COME DOWN TO 5 MINS SUPPORT AND MIGHT BOUNCE AGAIN. UNTIL THE CON NEG TRENDS ARE BROKEN WE CANNOT TELL ABOUT THE TREND REVERSAL. RB TREND IS POSITIVE AND CORE STRENGTH IS 45 MINS AS OF NOW.

Negative indicator: NA
Confirmed : 45 MINS,1 AND 2 HOURS ARE CON. NEG.

Largest TF Positive Indicator :1 DAY
Largest TF negative Indicator : NA
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