Here is a road map for this contract's price development until its expiry. As the futures curve is in contango, the CLU2020, which is now the new front-month contract, is yet to test the supply around the 100% up area from its YTD low. Furthermore, 50% of the YTD range is also around the area where this contract is currently trading. These factors are expected to...
Pattern: Channel Up on 4H. Signal: (A) Buy as the price rebounded near the Higher Low trend-line of the Channel Up, (B) Sell if the 4H MA200 breaks. Target: (A) 42.30 (Resistance) and 43.30 (Higher High of the pattern) in extension, (B) 38.00 (the Higher Low of the wider Channel Up). Most recent signal: ** Please support this idea with your likes and...
Pattern: Channel Up on 4H. Signal: (A) Bearish as long as the 42.50 Resistance holds, (B) Bullish if it breaks. Target (A) 43.30 (Higher High of the wider Channel Up), (B) 40.50 (just below the 4H MA50 and above the dashed Higher Low trend-line) ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **