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 them... Watch the reaction for a close over $77 as OPEC meeting. A weekly close over...
I expect that Oil will pierce 76$ so it's good opportunity to buy it.
Crude Oil is attempting to break out of a long term resistance. Target is between 100 and 140$ per barrel
Gold's high probability goes up for the next few days.
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 become extended. AAPL -150 CALLS * Apple claims they will be unaffected by Semi Shortages TSLA - 750 Calls AMC - 56...
.52 - .84 Range must break and hold .85 or it returns to the lower end of the Range which broke .55 @ .52. Seller should enter the picture, we shall see, but it [s worth a Poke. 70.18 - 70.33s Support Large Negative divergences in CRUDE
Oil stil having a bull trend, it accumulate energie more than a week, clean zone until price 74$. I will by oil only when price will broke 70 and make retest so its confirm that our level is good and buyers trying to ceep price over this level. Stopp loss not more than 10-15% from ATR (arround 20 cents). Take Profit minimum 60 cents .Enterin only with law volatility.
NQ is the last to break. It's Friday. The FED is providing $8.34 Billion in Coupon Purchases. 1/4 to 1/2 Size today. We will be watching until 10AM EST, to see IF there is support of any kind. Selling pressure yesterday was significant, but again... it's Friday. Commentary from 2 prior Sessions does not change. Have a good weekend - HK
Crude Oil remains in a Weekly SELL, Resistance continues to hold overhead after reaching our 7061 TGT. With the DX gaining strength, CL will come under pressure. Price Objective - 67.68
Crude Oil will provide indications a sign of the next decline. Our Price Objective was met, typically CL will exceed these PO's prior to a reversal. We sill see it there is a 2nd test of the highs tomorrow. The lower Price Objective in Trend is 57. Monthly Draw is 6.50 to ATH @ 148.20. Large, volatility should continue to build.
EIA proved to be a solid SELL. For now... we shall see, poked a scalp long and closed after numbers. Crude Oil remains a wild child. Expect the Unexpected. 70.61 is a long way above. It's in the hands of OPEC now. Larger reaction dead ahead.
Crude Oil remains in a large Daily Sell and although it still has some room in the box... it is weakening. No Positions - scalps in range it is all for now. We'll see which way it breaks, we're indicating 57s will trade again from Levels above.
An engulfing candle and its breakage by the first resistance line is an indication of purchasing power
We took our first STO @ 68.10 just now and will Build an outsized SELL Position to the APEX. The DX, we believe will place pressure upon Crude Oil in the coming weeks. Off the height of the APEX, we Indicate a return to 65.70 and then lower to 57s as the Equity Complex comes under extreme duress, led by Technology, the Dollar and Yield Curve.
We Hold 7.5 K @ ~ 6593 STO We Hold 12.5K @ - 66.34 BTO Presently we are Legging OUT of STOs 1K per 12 Ticks above 66.35. Net Long as .500 comes into trade the 66.61 pivot exceeded and dipped in, we bought the lows ahead of AM Pit Session and are slowly putting the Net into Balance. On Trading CTs we are now + 2492 Ticks. Rebalance will leave us NET Long...
An eye on CL! light crude oil - Bottom of channel and volume shelf. Aroon and Williams indicator showing signs of a reversal as well. Trading the XOM October Calls. Break of Channel could imply move down to the 200 MA
Thank the Stars we got the push off the .22 ES/M2. It had dipped in, indicating the Stop Run would complete by Tuesday. This will be taken away far quicker than the chaser will comprehend. We are loading the proverbial woodshed with SELLS. BR/VG tossed a bunch of Jing to position for protection... we did as well. All Buy to opens across the YM ES RTY NQ were...