OIl and SPX 500 now should rally now after the "bad news" for the last wave up into next week. Often, very fast waves down is likely a buy and not a sell (SPX500 this morning). It's not intuitive and why it tricks people most of the time. Oil should retest 92-94 and SPX 500 should get to 4200+ Good luck and see you next week!
HIGH PROBABILITY THAT CL WILL BE SHORT UNTIL THE MENTIONNED AREA ; i recommend to keep selling cl
USoil trading around 90$ it can go for new high around 154$ it just my own research and 6th sense analysis :)
Oil is in the process of completing its wave 4 correction. Elliott wave principles stipulate that a shallow wave 2 (which is what played out in oil) is typically followed by a deep wave 4. Oil should find support anywhere between 80-85 but that should provide the launching pad to wave 5 which should take oil to $200
Crude is running into trendline resistance and has reached its upside corrective target. It is a low risk short here at 99.20 looking for 96 initially
HIgh probability that cl will be short in the mentionned area ; i highly recommend to sell CL
The Greatest Bubble in History is unwinding with fits and starts. Economic Conditions Globally - within the lower 3% Historically. Multiples for Equities - within the Highest 4% Historically in very Real Terms. Monetary & Fiscal Excess - The Greatest in History, bar none. 100% Assured: Reality is brought to bare with the Consumer who is being squeezed like a...
Breaking down to 90.63 Pivot will provide an impetus for Lower Lows to 82.82. Oil is simply waiting on the FOMC to make its move. How much further destruction will Jerry accomplish. For now: Bad Gateway The proxy server received an invalid response from an upstream server. ____________________________________________________________________ Observe Crude...
This is a great example of how to trade the COT Index and Net positioning - Commercials for crude oil are almost always net short (Think of all the big oil companies hedging their product) but in this instance, they are less net-long than they have been in quite some time (Not since November 2016). Look on the daily chart for an entry - be patient - remember your...
Crude Oil short targets from distribution: $42-$49 Area
Looking at CL1! now, a break of Friday's low is a daily-down rotation. Below $100 opens the door back down to the $96.50 area, followed by ~$93 and the 200-day. Oil bulls have not been used to seeing /CL in a downtrend this year. However, that's the case at the moment with the 10-day acting as active resistance, while it's below all of its major short- and...
CL reached the extremes short term. From here I expect a bounce up, with a potential to the yellow CL (Center Line). The idea is supported by the Stochastic, where the faster is overbought and the longterm is sloping up. Risking small, aiming big, that's what I do in CL. In contrarian I take profits quickly if it's not playing out like I want.
The price reached an important retracement area In addition to accessing donchian channels
I recommend buy USOIL at this levels as you can see we have a nice confirmation ..it good entery
This grows increasingly curious. Weekly Negative Divergences continue to expand as Price (Porpper for ESG/Green Ag.) continues to hold the Range. ___________________________________________ The Stickup for Sellers always begins Pre-NYMEX simulated Pit for the AM Session, only to dump back between the Sim PM Session. Easy "A" Trade. Get some.
The CL daily time frame is in an up channel. The market is near the bottom of the channel. If support holds. It is expected the market to push bullish towards the top of the channel price point 123.77 about +1,465 ticks above the market. It will be a good idea to turn to the one hour time frame and to look for low prices in the buy zone.