Trading Signal Short Position (EP) : 68.73 Stop Loss (SL) : 68.96 Take Profit (TP) : 67.98 Description CLM2018 formed Double Repo Sell at 1h time frame. Trade setup with Sell limit at 0.382 level (68.73) and place stop loss after 0.618 level (68.96). Once the position was hit, place take profit before an agreement zone (67.98) Money Management Money in...
I have been waiting for prices to break up into a 69.37-74.14 range and based on current prices action along with 2014 broken support levels, believe we may see extended sideways action in this range, for several weeks, if prices do indeed break upwards. With the Brent/Crude spread in excess of 4 dollars we are still favoring exports; along with potential Iran...
We should be in the last leg of wave C of Wave 4. 71.24 can be the first target because that is where Wave A = Wave C (1:1). It can exceed 71.24 but don't have high hope it will cross 74.95 because that is the end of Wave 1 of the BIG wave C. Base on Elliott's rule, Wave 4 shouldn't overlap Wave 1. Even there is exception for futures, the overlap shouldn't be...
CL1! June2018 CLM as at Apr 29 Well, like most oil commentators, everyone has been expecting the break, either up or down, that just hasn't materialised. From my last post of Apr 22 (Chart of Apr 20), all we can see is sideways drift, so I have switched into candles to get (some) better perspective. In my last post, I commented I expected volume to ease, which...
#CL Future in a symmetrical triangle , it will either go up / down. Wait for the break out/ break out & retest and execute.
A wedge has formed on the crude hourly. It could break either way, but I'm leaning toward the short side with a target of at least 65.5 over the near term and possibly 63-64 over the next week or so.
H&S pattern targeting new lows
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the...
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the...
Almost every year from April, May and June...oil goes up... just keeping riding bull train until verified confirmation of a bear trend, later this year.
I haven't updated CL analysis for some time since the last that I was wrong. These few days I have been monitoring the 5 waves up and the bearish engulfing candle seems to have given the necessary confirmation that the trend might have changed. Outside of technical analysis, the recent news that long-term yields are rising also support my overall analysis that...
-hit resistance -hit 200ma -0,786 fib retracement -bullish hammer Wait until bullish conformation!
All information given inside the chart. Keep strict stop and good luck.