Tracking Inflation with this Ratio - Crude Oil vs Gold RatioThe Fed is using this Crude Oil vs Gold ratio in tracking inflation.
The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio.
We saw that when inflation peaked at 9% in June 2022, so did this ratio.
Although we recently saw a cut in interest rates, the yields are now moving higher, and gold has maintained its high point.
This makes us wonder: will inflation move toward the 2% target, or is it still at risk of rising further?
Micro WTI Crude Oil Futures & Options
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Cl!
COT Strategy - Crude Oil LongsDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL again this week. To clarify, this was setup last week also, and triggered me long this week via a CCI divergence long trigger. Based on this weeks COT strategy analysis, I think this is a nice market for further upside and will look to enter again via 18MA & 10H8C MAC entry methods.
COT Commercial Index: Buy Signal.
Net Positioning: Max long of last 3 years - bullish.
Small Spec Index: Buy Signal.
Valuation: Undervalued vs Gold & Treasuries.
Front Month Premium Market.
True Seasonal up to Mid October.
Supplementary Indicators: Stochastic.
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a Daily long trigger.
Good luck & good trading.
Smart Money Positioned to LONG Crude Oil - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
LONG
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL if we get a confirmed bullish change of trend on the Daily timeframe.
COT Commercial Index: Buy Signal
OI Analysis: Generally last few weeks OI has drifted lower while CM's adding to longs - bullish. CM's approaching extreme long positioning, but not quite there yet.
True Seasonal: True seasonal to go up until mid October - bullish.
COT Small Spec Index: Buy Signal
Front Month Premium - Bullish
Supplementary Indicators: %R & Stochastic
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside.
Good luck & good trading.
How to Use Intermarket Analysis? - Crude Oil Potential DirectionAn example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move.
To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share.
Micro WTI Crude Oil Futures & Options
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Oil: Thoughts and Analysis Today's focus: USOUSD
Pattern – LH after Trend Break
Support – 86.84 - 88.00
Resistance – 90.60
Hi, and thanks for checking out today's update. Today, we are looking at the USOUSD on the daily chart.
We are continuing to watch price after it broke the last trendline. So far, we have a new LH after the break, with price continuing to push lower in today's session.
Will we see further selling confirm the LH trend break pattern? Price will have to beat support to make this happen; otherwise, a new hold at support and break of resistance could suggest buyers are going to form a new leg up.
We will contnue to watch seller momentum today; also, check out the USDCAD, as it may try to make a new push higher, and Crypto, as it continues to push higher into the new week.
Good trading.
USOIL longIf I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks.
Good luck!