timwest

Crude Oil CLZ2014 -Daily -Trend Still Down, Time at Mode Update

NYMEX:CLZ2014   LIGHT CRUDE OIL FUTURES
293 0 6
I admit I missed the sell signal, so this signal is just a review of the sell signal that is in place.

The box is shown to give you an idea when to expect the decline to be over and at what price to expect a bottom. It is a general forecast box and not designed to be perfect.

The last rally created a new wave of buying, but it ran square into the overhead supply labeled with blue resistance lines, which is the mid-points of range expansion bars to the downside.

75.49 target: 77.30 last, stop 79.50. The risk = the reward here roughly. Not a great place to initiate a mid-probability trade. Hence, this is an update to the signal that is currently in place.

Tim 10:07AM EST 11/6/2014
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
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out