Enjoy!!! I am Short term bullish on oil. I dont think anything is worth being long at the moment. The winds are changing constantly, and to be agile and nimble is to be liquid so I dont stay in trades typically too long especially commodities.
I haven't made every call correct but currently im hovering around 70% on wti. Hope this gives some insight
Potential ascending wedge confirmation likely by EOW, nearing consolidation. look for headfakes based on volume. follow money inflows and outflows via options. At support as of to day, 6/19/18, next stop is likely additional 10% down. Positives are RSI AND MACD poised for positive movement, but offer little to no guarantee of future performance. glta
Simple and sweet. All pertinent info is in graph
I believe max pain is in, and based on where I believed the worst case scenario to end up I was pretty close. I was tricked a bit by the 11.20 levels and thought it found firm footing, but always showed in my charts that low 10's was always in play. I am holding 11.50 apr 27 calls, and believe it has enough time to get there. I think there was with out a doubt a...
In this cycle cross of 10d EMA over the 30d EMA is a very bullish signal. Grey shaded cross/+ sign indicates bullish change in trend. Last time 10d EMA crossed 30d EMA was beginning of March (3/2/18). However, previous post where think black trend line was support has turned into resistance, and a double top is in on the table. Oil will likely make a big move...
Main focus is orange trendlines still depicting a bearish wedge. Things haven't materialized as quickly as I would have liked for an entry to the equity, but options have been very reliable. Current trend lines have been catching tops and bottoms. Will update over next couple of days. ESIO and UWT have had my main focus. GLTA
Notes are on chart.
Notes are on the Chart. No position as of yet, but looking for entry. GLTA
Have made solid trades this week on crude with crude scalps. Momentum in ST favors bears even with favorable api. However, Bovies are not out of the game if 60.10 and 59.95 hold strong. Bearish cypher and drop in play at the moment, but 3 attempts to take out bulls has failed. If history is to be applied here, it looks like line in the sand has been drawn and itll...
The post earnings analysis hasn't changed much but have been waiting for another long entry. Looks like it is well on its way after this short runs out of steam. Its the same old AMD rinse and repeat. There is confirmation of a double top via the price movement fell below the A&A Double Top. Everything is laid out on the chart. I have been trading crude primarily...
Note the thin black trend line I have made some good trades playing the bounce. this trend line has been running for about 3 weeks I believe.
Cleaned it up a bit tells the story more clearly. Also possible beginning of bullish divergence on rsi and buy AH 3/7/18 crude was in oversold territory imho
The big picture shows continued bullish momentum, despite forming a clear H&S over last few sessions. The lynch pin in this whole situation was the inability to break MY neckline. Although crude does seem to be exhausted I think it had to take the beating today in order to make a run and have a chance at a breakout above 67. I would personally recommend a fairly...
MAIN TAKEAWAYS ONE CHART. RSI AND MACD ARE PICKING UP BULLISH MOMENTUM. KEY POINT IS 60.52 IMHO. IF IT BREAKS THROUGH RUNNNING BACK UP TO 62-63.