As i said earlier, the price broke the resistance zone with strength and the market is going higher with an important volume.
Guys do not miss this great trade as the CL is going down since it broke the resistance and support zones. Good Luck!
As you can see on the 15M chart, the CL is trying to go up but it has to break that important resistance area in order to keep its way to the top. If it breaks that resistance area you should buy the market. On the other hand, if the market reverses now, it has to break that support area in order to keep its way down, in that case you should sell the market.
As i said this morning, the market went down after a long trading range but eventually ended up by giving us a beautiful sell trade. For the ones who took this trade, you better get out now where i showed on the chart. Congrats every one!
As i said before the ones who follow my signals, the CL broke the resistance area strongly and gave us a beautiful trade on the 15M chart. All the best.
The Cl started a bearish move from the very morning showing a bearish move but there is still no big momentum that will show the real direction of the market.
After re-analyzing the market, the CL could break the rectangle of the treading range showing a great momentum towards the bottom giving a great chance for the bears to sell the market and then exiting at 39.80 with great profits.
The CL is trying to continue its bullish move after it bounced up from the support area that was a significant resistance. If CL does not break the support zone, we will see a beautiful buy trade and finish this week with an important cash.
We have failed to hold lower and have seen a bounce and hold of those levels. SPX key areas is 3280F, Bullish on hold above and bearish below. Hold above 3280 for a test of 3308/ 3324 Hold below 3280 for a move back to 3250 ----------------------------------------- NAS 10955 key reference areas, Has been the stronger of the two hence will expect to lead the way...
Elliott Wave View of Oil (CL) suggests the cycle from August 26 high has ended as wave II. The correction unfolded as double three Elliott Wave Structure. Down from August 26 high, wave ((W)) ended at 40.22 low. The bounce in wave ((X)) ended at 41.87 high. Afterwards, the commodity resumed lower and ended wave ((Y)) at 36.21 low. This ended wave II pullback in...
CL enter to the range ,probably it will go up next week
For the Moment, the volumes are weak comparing to previous ones. the red inclined line is a strong resistance which began since 2008, the horizontal yellow line is a support which serves for 16 years now (since 2004). Now there are 2 plans : - If the market breaks (or tests then breaks as mentioned in the chart) the strong red resistance, the prices may...
On the top, we can see a rising wedge and we already break out the resistance line. waiting for 23.6-32.8% level Fibonacci The additional shift of workers to remote work is a bad prospect for the oil industry. This means that tens of millions of people in developed countries will greatly reduce the movement of their cars. Only this factor for 2021 means a...
Consider this just an idea, IF the scenario happens, we will have an interesting setup to take, and if not, we don't do anything, and that's always good for your trading capital. Main items we can see on the chart: a) The price was inside a compression b) Currently, we can see a bearish breakout of the previous structure c) This doesn't mean that the...
Elliott Wave View of Oil (CL) suggests the correction against the cycle from July 30 low has ended as wave B. The dip unfolded as running flat Elliott Wave Structure. Down from August 5 high, wave ((a)) ended at 41.33 low. The bounce in wave ((b)) ended at 43.29 high. Afterwards, the commodity resumed lower and ended wave ((c)) at 41.45 low. This ended wave B...
Gap fill straight into major weekly resistance for both $CL and $BR. Good place for a significant retrace.
I still see a great opportunity to buy crude oil on the 15M. I am going to give you the signal when you should close this trade!