EIA Thursday - last week's report was negative for CL. No matter, with JPM calling for first $125 Crude then $100 Crude revied later... Its clear the Operators are having their way with Black Gold. it is approaching an Overbought condition, but that is becoming meaningless quickly as it can continue to expand for some time. The prior HIghs near this level tool...
The Chart is extreme Price Ratio behavior within the WTIC to BDI Ratio. Extreme is relative to TIME, as the ROC is quite robust. And yet it remains at a mere fraction of its prior high @ 1.232. ______________________________________________________ Price is going to make a very large move in Crude Oil @ minimum $10 and perhaps far more. Recently we have seen...
Crude Oil is extremely interesting at present. $84 is the Level we are watching closely, not the Highs @ 85.41 as they will be important later this week. This is a No Man's Land Trade at this Time. _________________________________________________________ We anticipate a significant change of $10 on either side of $84. To complicate matters is the Extension...
Small Specs aka Retailers are getting out over their Skis once again. @ 90% Over their Skis. The reversal will be an amazing event, it should occur prior to the FOMC, but can grind higher for now. We will be Sellers with tight stops overhead. the Baltic Dry Index is collapsing, Oil historically follows. Buy the Dip in Oil won't end well.
Crude Oil is at a pivotal juncture now with NG up 13% yesterday. Energy either breaks up and over the highs or we see a sharp decline once overbought, we're not there yet as these are very important levels. It reinforces the Fed's need to act. _______________________________________________ OVX is indicating some type of pullback shortly. Volumes on Weekly...
Crude Oil will provide the Leading Indication for a Reversal into the 3/5 for the Indices. The DX has been wandering in the Desert @ 96. All eyes have been on the Breakup and out to 98, it has yet to materialize and with Rates pulling back, we will see quite clearly where the Operators have designs on...
Crude Oil has an expanded range from 78.36 to 80.48. Sellers have been roundly pushed back as CL would simply collect the energy and grind higher. API Today and EIA T0morrow will provide direction, the Gap remains overhead and should be filled. Rates have had a mild impact on CL, as has the DX. ___________________________________________________ We currently...
I'm not an expert in the CL market but the followers asked to do an analysis on oil so I decided to test my signals on the CL so don't take much risk
Oil has completed a 5-wave move on 25 Oct. Oscillators and geometry suggest a decline. Geometry: Price got rejected at the lower boundary of the channel. The red trend line is a second resistance, connecting the previous low and the gap. Elliott: We can count an ABC (in green), which makes up corrective wave (b), in blue. If correct, we can expect a wave C to...
Our Price Objectives complete the Gap FIll. This has been a one-way Trade - Higher. Sellers have been rejected on every Pullback only to see Price move slowly, methodically... higher. API / EIA / RIGS / OPEC has backstopped Crude Oil. ____________________________________________ FAding the Trend has been a ticket to larger losses as Sellers on the Tape...
81.12 to 83.32 are not open for the Fill and Overthrow. There is plenty of Oil regardless of API / EIA Non0-sense. Hookahs are having a party at Virtual Davos this Year. Bless them, them as the Sultan is worth $2.1 Trillion, makes Gates, Buffet, Besos, and Elon look like Pikers. _____________________________________________________ NQ will be in trade on NPK...
it appears OPEC is providing the nudge for Crude Oil. Gasoline demand certainly is NOT. _________________________________________________ Macro factors will catch up with it soon enough, overall we remain in wait and see mode for CL. No positions simply Sell on PO's hit - today Sold 78.44 PO and closed at 77.93 It is hanging on to the 50 SMA @ 75.96 for now,...
CL light crude oil, the line that tells the story of today
CL respects its channel, pure and simple. With 77 acting as the pivot, overthrows are normal as are overshooting past PO's on the lower range. Regardless, the 15 Micro Channel trades like clockwork. It's easy Bank. APT Tomorrow, EIA Wednesday head of FOMC - large Break of the range ahead after the FED with the DX leading. The Hookahs don't know whether to...
Crude Oil remains @ the 77 Pivot, having swing over it to engage Buyers. Sellers remain stacked at 81. It will be interesting... as nay squeeze will be Vertical.
77 remains the Level to Break. Sellers are squatting at 81. 73 is the recent High/Low and remains Daily Support. _______________________________________________ Yields may place pressure on Crude, If nad only IF they hold. There is a flight to Safety, panic bid under Crude Oil. ________________________________________________ Reactions to Inventories...
have you ever used pitchfork before, a very powerful indicator if you know how to use it
my analyse it about cl in the future marcket , cause it have an old resistance when he touch it he come back and the fibonachi and trend line and a lot of our technique of analyses give us thus result , thank u .