22:00 EST , 19/11/2018
Long Term: CLZ higher time frames are in confirmed negative and it has touched 9 day(57.50) as per the previous prediction. It is likely to bounce from 9 day support. Now it is bouncing from 45 mins and is expected to go to 2 hours resistance atleast. 2 hour is the core strength and most likely it is going to break it this time as it has...
00:30 EST , 13/11/2018
Long Term: CLZ higher time frames are in confirmed negative and it has broken 3 day support and is expected to go to 9 day(57.50) as per the conventional rule. It is likely to bounce from 9 day support but it needs to form a perfect reversal with W pattern.
(It has not touched 4 hours even once. in order to move up it should break this 4...
The last time I wrote about Crude Oil on tradingview.com in October 2018
I suggested that $70 oil was a"Busted Pattern,in my reading of the chart,
with very bearish implications, as it appeared big money longs had been trapped above $70 barrel.
Today Crude Oil is breaking $60 a barrel, on oversupply /political concerns,
Since 10/3/18 High of 76.90, price has...
22:00 EST , 5/11/2018
Long Term: CLZ higher time frames are in confirmed negative and it has broken 3 day support and is expected to go to 9 day as per the conventional rule. But before that it need to take resistance form a strong time frame in order to further move down. So it is expected to move up to take resistance from atleast 12 hours and then start...
Crude Oil has dropped over 11 % in October,
after reaching a high at 76.90 this month,
it fell almost $12.00...... to close the month just above $65.
$65 Crude is at very important trend line support....on the chart.
Daily Price Chart shows a material closing break below $64,
could render serious downside projections ,
with a potential move back all the way...
22:00 EST , 28/10/2018
Long Term: On a long term CLZ is expected to go to 4 hours target atleast as 1 day has formed a reversal candle with confirmation.
(Another reason supporting this prediction is CL is following ES and ES has clear picture of reaching the high.)
Short term : On a short term CLZ is expected to come down to 30 mins support and then bounce...
On 10/17/18, I wrote a post here about the bearish chart implications
on Crude Oil, and noted the bearish correlation I was seeing between
its declining price, and the stock market decline in October 2018.
On 10/23/18. as the stock market fell sharply
Dec Crude CLZ was down ..over 4 %... to 66.43,
breaking important trend line support at 67.00
22:00 EST , 21/10/2018
Long Term: It is expected to move to 6 hours resistance (71.80) due to green candles and 1 day break.
Short term : On a short term it is expected to go to atleast 2 hours resistance (70.12) by taking support from 30 mins.
Negative indicator: 30 mins
Confirmed : 2, 3 hours are confirmed negative
Largest tf Positive Indicator : 6...
It is worth noting that oil changes its major trend direction during the month of June or January. The chart above is an attempt to show this relationship throughout the lifetime of CLZ2018. Also, another important aspect highlighted is the fact that CLZ2018 just tested the major gap area left by the bears in November 2014. Though there are no signs of the major...