Oh my..I think something big is on the way. Let's first look at what we see on the chart: It's a long-term chart, where each candlestick represents 3 months. Why did I take 3 months? Because I wanted to see the big picture. Look at the red frame. This is a daily chart, and with all the candles going up and down like a rollercoaster, it's messy and will keep you...
Technical Analysis: - As you can see in the chart, the medium term correction is finished in the wave II in red. Now we expect that CL(Crude Oil) goes up at least in 3 waves to around $105 - H1 & H4 Right Side are Up - CL seems strong in short term Technical Information: - We like to buy CL in wave (2) in blue around $77 as hedging
This market is witnessing an unusual movement and the possibility of a rise is very high My advice is to buy
NYMEX:CL1! This market is witnessing an unusual movement and the possibility of a rise is very high My advice is to buy
This market is witnessing an unusual movement and the possibility of a rise is very high My advice is to buy
CL reached the extremes short term. From here I expect a bounce up, with a potential to the yellow CL (Center Line). The idea is supported by the Stochastic, where the faster is overbought and the longterm is sloping up. Risking small, aiming big, that's what I do in CL. In contrarian I take profits quickly if it's not playing out like I want.
after the confirmation of a breakout of a strong resistance we can take the buy position
The market is to be watched over the coming days to exit the range, it will either go up or down. Follow and share
Here's a momentum trade for CL (Crude Oil Futures). Even it's a bit late, i am dividing my risk and planning to enter one more contract on a pullback. My profit target is $62 and current risk reward is 1:1.4 Disclaimer: This is not financial or investment advice Trade safe, Atilla Yurtseven
Price is at the Warning Line (WL) and stretched out. If price really can manage to turn from here, the target would be at least the L-MLH (Lower-Medianline-Parallel). P!
After the hard fall down, price is now coming back to balance. The yellow Centerline will be tested. From here a natural turn is highly possible. Additionally there is also a Pivot-Support that helps the CL holding up price. P!
This week, oil failed to overcome resistance at a price of 66.55 (January). The EMA 50 was pierced, followed by a rebound from the EMA 200. The nearest resistance is 65.51, in case of not overcoming this level, the pattern is possible: a double top with a signal for a short position. Nearest support 64.66. In the near future, more likely to retest the...
Cl is at its extreme within this upsloping median set and has made a higher low after reaching the pendulum median line. This offers a very nice long opportunity with a relatively cheap stop. Target 1: Coil (red box) Target 2: Expansion topside as projected by expansion downside from the coil. Target 3: Upper MLH
Centerline is reached the second time. Chances are, price will shoot up to the U-MLH. How fast, no one can say, but since Action/Reaction is my philosophy, I count on momo. P!