crawfordpaul

crawfordpaul

With summer quickly approaching the initiative in the oil market has changed with more aggressive bids similar to what was seen in December of last year. With inflationary conditions in the market becoming evident and supply chain issues causing major ruptures across many markets I still have very a bullish outlook on Oil. That being said, I also expect for a...

crawfordpaul

If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that...

crawfordpaul

Here is a chart of ETHUSD with reference points that I have found to be significant in past cycles for the coin. With BTCUSD taking a much needed breather and retesting 48k after topping out around 63k, ETH has been on the move. This is likely the result of the awareness of alt coins growing and the current state of the crypto market. It isn't out of the question...

crawfordpaul

Similar action has been seen in shop since July with selling before earnings which presumptively can be accredited to profit taking. The only exception would be February where there was a huge run up in price before the report, a flop in earnings created a large selloff. With board members stepping down, there is some uncertainty around SHOP and the looming...

crawfordpaul

Following a sharp drop this morning in cryptos ETH is faced with a decision. Currently with a line in the sand at 2235, ETHUSD along with BTCUSD have a wide range they could be subjected to with the implied bottom at 2122 and swing low at roughly 2000. A push past 2235 could spark some aggressive participation and retrace back to its former range between 2320 and...

crawfordpaul

Support and resistance LTNC. A push above .085 can create a squeeze and the low volume distribution at .047 is a pivot.

crawfordpaul

Shop dropped all the way to 1006.21 when the market plunged in March. Since correcting 32% from its all time high, SHOP has been strong as the tech led rally continues. Its earnings are coming up this month and it has showed strength throughout April. It is also trading right above its January range which should serve as a strong support.

crawfordpaul

WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely...

crawfordpaul

EURUSD has seen a continued correction with continued strength in the Dollar and Weakness in the Euro. However, I expect one more pullback to 1.9 before any further downward momentum. This trade boasts a 5.5-1 RR and carries the momentum from earlier today.

crawfordpaul

Oil experienced a small retrace following the aggressive high being formed March 7th on open. Tapping some of the key levels I projected in my last post there is definitely possibility for a reversion back to highs as the near term demand continues to increase. Summer is fast approaching and with an infrastructure bill being presented this week the oil and gas...

crawfordpaul

After a distribution from ATH's at 58,000, BTCUSD took a breather accumulating between 43k-53k. There is currently no reason it can't go higher especially considering stimulus pushing more money into equities and the US economy. I have marked up the measured moved from Bitcoin's former high and cloned it on to this move. This could be a valuable reference if price...

crawfordpaul

The EURUSD pair has seen a much awaited downturn supporting the DXY's move back up to 92. However, with inflation rates projected to be on the rise with a recovering job market in the US, the assumption of near term weakness in the Dollar provides a good trade. I expect that between a US stock market coming off of lows and the German stock market sitting on highs,...

crawfordpaul Updated 

SPCE has gotten destroyed after the announcement that their first test flight is to be pushed back until May. Despite this massive downturn I want to buy the dip and hold through April and maybe May. One of the imminent risks with any aircraft stock is the potential of failure. This would likely cause even more selling of the stock. In part this is why I like the...

crawfordpaul

Holding the most weight in both the S&P and NASDAQ, AAPL is a crucial piece of market movement. Facing a sharp downtrend similar to other big tech stocks, choppiness is to be expected. Here are some reference points for AAPL that could be important in the near term and on a longer term basis. Scroll out for more resistance lines

crawfordpaul

The dashed lInes repersent some weaker support and resistance where I expect some price reactivity. The solid lines are historical supports and I expect for rejection or larger moves to take place off of. Lows have been swept up last week with large volume which could be a combination of short covering or confident buyers adding to their position. This is...

crawfordpaul

The Price of Crude Oil has recovered after an awful 2020 year. With a new president elect bringing new sanctions, there is a lot to like about oil even above $60 a barrel. The massive decrease in supply due to the shutting down of the Keystone XL, will cause a continued uptrend overtime, similar to the one we are currently seeing regardless of demand (which is...

crawfordpaul

The pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10...

crawfordpaul

The Australian Dollar has seen strength against the Yen for the past couple of months and I expect it will continue moving into next week. The Aussie did well while some uncertainty loomed this week over unemployment numbers, the expectations were beat by .1% not causing much fluctuation in the pair. This isn't the main reason for this trade however, this is...