We indicated breaking and Closing above the 77 had the Potential
for an explosive move higher.
The Weekly High to High Extensions show the clear Trend and
ST Price Objectives.
The Channel, crystal clear.
104 / 107 / 114 remain the Longer Term Objectives unless the Weekly
Trend Line fails.
Price has hit support for the second time and although the divergence is not pure, it is kind of a bullish divergence, on MACD-H and EFI. Stochastic RSI is coming from an oversold condition and shows some movement in a positive direction. Also, -2 ATR is has been the outer stretch mostly and could indeed pull up to value zone
Ticker has made up a...
The CL one hour time frame was in an up channel.
The market has broken above the top of the
channel. It will be a good idea to look for low
prices above the top of the channel.
Entry: A closed candlestick above a counter trend
line break bullish above the top of the channel.
As long as the market stays above the top of the
The High to High Measured Move on the 4 Hr indicates it NEEDs
to continue to move Vertical.
CL adores Fridays...
So do the Chasers in CL.
It is a trade laden with Safety for some, they see it as a hedge, a necessity.
They are not wrong, the break from 77 gave us a clear indication we would
eventually Price Hunt 104 / 107 / 114 / 148 and far higher in time.
The Monthly CL Draw - 6.50 to 148.40 Draw provided clear guidance
as to the Break of 77 as we indicated on the Breakout.
If you followed the Trade, it has been solid, we're $6 over the break.
The Apex has a number of higher Targets, 85 - 88. We will see the
reaction @ the Zenith of the first, second, and third Apex.
The Price of many Soft Inputs - Canola, Soy,...
Here is the show of oil, for now he gives us to see that he want to go up more so we can follow with him, as we can see that he did more than restesting, now in consolidation to boost to up
Have a nice Investement or trade
Crude Oil often provides information as to where Equity Price will begin to Trade,
more often than not it Leads.
The DX is providing what little lift remains in the 80 - 85 Range.
EIA is out today @ 10:30 AM EST.
The reaction will be informative, bares close observation.
Idea for USOIL:
- I find it difficult to believe in the energy crisis narrative. I trust the currencies more.
- DXY's rise will create a deflationary bust.
- In time series, seasonality dominates correlations. WTI facing headwinds of bearish seasonality .
Speculate a short term top at least and reversal. Going into next year or even earlier, we will see a...
CL is testing Large Years-long Resistance and Support.
Patience will be required, the Run to the Price Objective
just shy of $80 @ $79.80 was a large Front Run.
It will be interesting to see how OPEC games this.
Supply is frankly not an issue, it is a matter of choke points
being used to disrupt.
Watch Crude Oil closely, it may be on the
verge of an explosive move.
It ALSO has a very Bad Habit of making
New Highs priors to selling off...
A quick Dip-In prior to reversal. One thing
does appear higher probability than usual,
Crude Oil will retest its Highs and Double
Watch the reaction for a close over $77
as OPEC meeting.
A weekly close over...
2 days since my last idea about Oil.It gave good trade with short stop loss .With risk 20 cent we earn more than 1 dollar.Our level 70 was placed right becouse we can se that price cinfirm this level many times , byers still trying to protect this level.The main now is look where price will close today, if it will close near 70$ its not good sign, becouse all who...
Intra-Day setups remain our only trades as the VIX completes Settlement Tomorrow.
Puts are again becoming attractive as this weeks Gamma Squeeze is beginning to
AAPL -150 CALLS * Apple claims they will be unaffected by Semi Shortages
TSLA - 750 Calls
AMC - 56...