Type : Bullish Rise
Resistance : 731'3
Pivot: 699'2
Support : 684'6
Preferred Case: Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699'2 where the pullback support is to the 1st resistance at 731'3 in line with the 78.6% fibonacci projection , 61.8%...
Type : Bullish Rise
Resistance : 731'3
Pivot: 699'2
Support : 684'6
Preferred Case: Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699'2 where the pullback support is to the 1st resistance at 731'3 in line with the 78.6% fibonacci projection, 61.8%...
Type : Bullish Bounce
Resistance : 648'1
Pivot: 633'1
Support : 626'0
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648'1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633'1 in line with the 38.2% Fibonacci retracement and...
Crude Oil CL Futures 19 May 2022
Based on the HV measures from the last 5625 candles our expected volatility for today is around 3.44%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 4.3%
This is translated into a movement from the current opening point of 4.577
With this information our top and bottom , with close to 84%...
Type : Bullish Bounce
Resistance : 633'6
Pivot: 626'2
Support : 615'0
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 633'6 in line with the horizontal pullback resistance from our pivot of 626'2 in line with the 61.80% Fibonacci retracement and horizontal pullback...
Type: Bullish Rise
Resistance: 695'7
Pivot: 664'7
Support : 645'7
Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection .
Alternative scenario: Otherwise, the...
Type: Bullish Rise
Resistance: 695'7
Pivot: 664'7
Support : 645'7
Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection .
Alternative scenario: Otherwise, the...
Type: Bullish Rise
Resistance: 695'7
Pivot: 664'7
Support : 645'7
Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.
Alternative scenario: Otherwise, the...
Type : Bullish Bounce
Resistance : 758'6
Pivot: 738'0
Support : 716'0
Preferred Case: Price is near pivot level of 738'0 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 758'6, in line with 161.8% Fibonacci extension. Our bullish bias is further supported by price trading above...
Type: Bearish Reversal
Resistance : 746'7
Pivot: 729'0
Support : 696'2
Preferred case: Price is approaching our pivot level of 729'0 in line with 138.2% Fibonacci extension . We see the potential for a further dip towards our 1st support level of 696'2 in line with 23.6% Fibonacci retracement . Our bearish bias is further supported by the stochastic indicator...
Type: Bearish Reversal
Resistance : 746'7
Pivot: 729'0
Support : 696'2
Preferred case: Price is approaching our pivot level of 729'0 in line with 138.2% Fibonacci extension. We see the potential for a further dip towards our 1st support level of 696'2 in line with 23.6% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where...
Type: Bearish Drop
Resistance: 694'7
Pivot: 668'7
Support: 627'6
Preferred case: Price near pivot level of 668'7 in line with 61.8% Fibonacci retracement. Price can potentially drop to our 1st support of 627'6 in line with the 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by stochastic indicator where it is near...
Type: Bearish Dip
Resistance: 666'4
Pivot: 646'5
Support: 616'7
Preferred case: Price near pivot level of 646'5 in line with 38.2% Fibonacci retracement. Price can potentially dip to our 1st support of 616'7 in line with the 61.8% Fibonacci retracement. Our bearish bias is supported by how price is moving below the Ichimoku cloud indicator.
Alternative scenario:...
Oat milk has exploded onto the scene in the last six months. Oat milk does appear to be a superior product to both soy and almond milks for drinking, smoothies and alternative barista creamers. I believe the demand for oat milk and oat milk products is driving the rise of oat futures and the fall of soy.
CBOT:ZOZ2021
CBOT:ZSF2022
Median Reversion Opportunity:
Scaling into this market short on productive weekly/monthly highs
Buyback productive weekly/monthly lows
Targeting 350 to exit short position
Good luck to me!
How far north do you think Oats are headed?
Due to the current state of the global economy, commodities like oats are at all time highs. Oat futures are the highest they have ever been and today I called a top...for now. RSI and MACD on daily, weekly, and monthly are very overbought and seems that a correction is needed. I have placed targets 1 and 2 as a short term level. There is still a chance that it...
