Ladies and gentlemen, due to the price jump and the emergence of Squeeze, we expect the price to go down if the price of 95 is breached
Crude has dropped to $106, but is holding strong at this level. News of the potential for peace in Ukraine has already lifted stocks this morning, and will put further pressure on oil which has already retraced from highs nearing...
Howdy!
How's it going?
Weirdo markets right now in my opinion.
But there's always a market we can play.
Let's see what we have on Crude Oil:
Isn't that price behavior wonderful?
The max. excursion line marks the upper resistance on the weekly time frame.
Go, watch crude on the weekly. There's a observation to make, right at the top of EACH of these turning...
What do we have here?
Divergence and resistance tell a story. But the indicators are not predictors. They "indicate".
That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback
#patientpitchfork @RiderOfThePF
The Cl is showing right now signs to buy. We have a high volume with a special candle that prove that new increasing trend.
We should buy right now and sell at the first red volume and red candle. We expect also that increasing trend will reach the level price of 39.94.
How I hate to scalp in lower timeframes...
But it's good to sharpen my mind, so I try not to be a MiMiMi... §8-)
Price is at upper extreme, and Centerline = Confluence Point.
Since crude has risen so much the last days, chances are good that it will take a breath and chillout in the south somewhere.
My "confirmation" is the break of a tiny shelf (white...
Good afternoon everyone! Today consider CL1! more globally.
We have formed a classic figure: "double top".
This is a very strong signal in a short position, the nearest support level is at the price: 61.27 (POC1), this is our immediate goal. If this level is broken through, the next target at the level of 57.63 (POC2), where the EMA 200 is located, overcoming...
This one is classic.
Zoom, test and a potential re-test.
However, the target is the lower medianline parallel.
If we close above the centerline, then chances are very high for a pullback to the upside.
P!
The blue centerline was respected very good.
The white U-MLH is not bad too.
There is a high chance that price will meet the centerline...hoooly...how about below 25, or even 20?
Looks totally crazy, yes, to me too ;-)
But hey, we follow the path of price & forks.
We act upon what we see, not what we wish to see...veeery hard sometimes hehe...
Put context...
