CL, will it break the trading range down!!Hello traders,
What about Crude Oil Future!!
CL had taken an upward trend, after each level (A and B) CL consolidates it. Now it’s stable inside a trading range.
So we have the break down of the VWAP and support trend, If CL was capable to break the trading range down, we expect CL will decrease to rebound on level B.
Once it reaches level B we should wait weather it will break it up or down. To note that we insist on the need for a break of the trading range, if not we should wait new signals to know the new trend.
Thanks for reading this CL’s analysis.
I hope it helps you in your trades.
Cl1!2020
What pitchfork indicator says about Crude oil Future!!The pitchforks indicator gives us signs on the trend of Crude Oil Future.
We have an increasing trend between S1 support and R1 resistance, so we expect that CL will continue evolving inside that hallway.
In case he breaks down the S1 support, we will see a bound on S2 so that the CL continues its growth inside that indicator.
However, if he break up or down the pitchforks indicator, we expect a new trend of CL.
CL signalsThe Crude Oil future is in general in a decreasing trend, but inside the hallway between R1 and S1 it was increasing. Currently, we have signs of decreasing trend, since we have that red volume and red candle after succession of green candles.
The advice is to sell CL now for intraday trading. We expect its decreasing to reach the S1 Support.
Oil Future for intraday tradingHello traders,
The oil future is marking signs of an increasing trend.
We have important volume and special candles that assure this increasing trend. For Intraday trading, it will be profitable to buy now, and wait either for the red volume and red candle to sell, or wait a break of the resistance R1.
The advice for intraday trading is to buy and wait for red volume and a candle, and for the resistance R1’s break down or up.
CL, Oil Future in a good progressHello Traders,
Since 12 June, CL is taking an increasing trend, despite some up and down changes.
The pitchfork indicator shed light on the hallway and the trend support on which the CL is making progress. If the CL breaks down this support, I expect a comeback to first resistance.
The Advice about CL: In general, CL is taking an increasing path Bounded by the Pitchfork Indicator.