timwest
Long

Crude Oil WTI December - CLZ2014 - Daily - Time at Mode Analysis

NYMEX:CLZ2014   LIGHT CRUDE OIL FUTURES
791 5 7
The most aggressive measurement you can make is from the highest high to the mode and then project down to forecast where the low may occur.

Since my last chart on Crude Oil             was posted, crude went from a 14-day mode to an 18-day mode at the $93.07+/- level. The highest high was at the $103.66 level on 6/25/2014. Note the black arrow from the high down to the mode - this was then cloned and used to measure down to where the low was on Friday, at $82.76. The market has reversed course at closed at $85.11.

I thought I would show you this example, and sorry it is not a "forecast" as that would have been nice to show. But these are the kinds of projections that can work.

What do you do from here? Buy another drop to the $83+/- level and target a move back over the next 18 days to the mode at $93.

Tim

10/11/2014 4:57PM EST Saturday
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
This is really useful info, thanks for sharing.
Reply
maurotondo
2 years ago

Hello. the oil exceeded your target. you're still long?
Reply
mkdeep04
2 years ago
hi tim crude daily looks like triangle forming..
Reply
timwest PRO mkdeep04
2 years ago
Crude is acting like a triangle - violating resistance (CLZ2014 yesterday bullish) and then dropping back under it. Time to get out and wait for another range expansion on the upside to get in or a range expansion on the downside to get in.
Reply
mkdeep04
2 years ago
http://prntscr.com/4z6pnd 77/75 eyeing if brkdown
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out