See no reason to think bullish short term trend is reversing. API and EIA did nothing to suggest otherwise. Rare these reports actually change trend. Pullbacks are expected.
We have been bullish Crude over the past 2 weeks and currently have nice profits on 2 of our prior entries. Yesterday we saw a wide ranging day close down on heavy volume, and this is a warning signal that should catch our attention. Over the prior 3 months we have seen 2 similar candles, which then proceed to form a bear flag with ascending price on lower...
CRUDE OIL arrived at the resistance test at 45.91 In case of break with a hourly candle, it will proceed to R2 at 47.21 Otherwise it picks up the road for the pivot and the support S1 at 44.76 CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistors - Multiday (TF - 1H) R3 = 48.05 R2 = 47.21 R1 = 45.91 PIVOT = 45.34 S1=44.76
CRUDE OIL arrived at the resistance test at 45.91 In case of break with a hourly candle, it will proceed to R2 at 47.21 Otherwise it picks up the road for the pivot and the support S1 at 44.76 CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistors - Multiday (TF - 1H) R3 = 48.05 R2 = 47.21 R1 = 45.91 PIVOT = 45.34 S1=44.76
Flat stage, the resistance at 47.21 was made to feel and many traders have thought to take advantage of recent ups I think shortly you will go to the multiday pivot in zone 46.56 In the case of downward pivoting, it is likely that S1 reaches 45.91 CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 48.67 R2 = 48.05 R1 =...
Flat stage, the resistance at 47.21 was made to feel and many traders have thought to take advantage of recent ups I think shortly you will go to the multiday pivot in zone 46.56 In the case of downward pivoting, it is likely that S1 reaches 45.91 CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 48.67 R2 = 48.05 R1 =...
It looks like we may be rolling over after making another lower high.
Watching for a significant pullback and resumption of bull move. Using Crack Spread, pivots, and trend lines as guides
The loss of the pivot at 46.56 should startup the profits after the recent upswing, starting a short intraday CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 48.67 R2 = 48.05 R1 = 47.21 PIVOT = 46.56 S1 = 45.91 S2 = 44.76 For the intraday Entry on close 1H (hourly candle) ... if exceeded the indicated level LONG>...
The loss of the pivot at 46.56 should startup the profits after the recent upswing, starting a short intraday CRUDE OIL CLQ17 - Aug '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 48.67 R2 = 48.05 R1 = 47.21 PIVOT = 46.56 S1 = 45.91 S2 = 44.76 For the intraday Entry on close 1H (hourly candle) ... if exceeded the indicated level LONG>...
Crude Oil WTI, in the last session has risen a lot, coming up the top of the multiday channel. On Monday I expect a few profits, and then a slight downhill to download the indicators that are overbought. The holding of S1 = 45.91 will indicate that there is still strength and that the raise may continue to the resistance R1 = 47.21 CRUDE OIL CLQ17-Aug '17 CROC...