CL
Reaction levels in crude (where to look for trades)The 3 inefficient runs (yellow) should be filled sooner or later.
Price should stumble at one of the levels I marked.
Price broke out from liquidity base but where its true or fake breakout its hard to say, most likely fake, as we see a divergence on oscillators.
Crude Oil futures: Big upside possibleIt seems Crude oil is about to stage a massive rally lasting 17 weeks. I can see it going between $51 and $77, best case scenario.
Ideally it should hold over 37.14 here, to not disrupt the currently active bullish signals on chart. The weekly timeframe and monthly timeframe are a good way to frame the price action patterns that have clearly indicated what price behavior would do since the COVID crash, so they are quite reliable here. Both suggest big upside is possible, so definitely time to be long and pay attention.
Cheers,
Ivan Labrie.
The market is bearing a tremendous resistanceAs i mentioned yesterday in my signal and technical analysis, the market couldn't reach the 44.00 price point as there was a strong resistance that could reverse the market down for a while. As for today, the market is trying to get up but it has to cross the 41.69 resistance zone to confirm whether the market will go up again or not. We'll just wait and see what the coming minutes would come up with.
Good luck champs!
Congratulations on the winning trade for todayI just wanted to thank you all for trusting my signals and your support, that means a lot to me and to my business. As i said earlier this morning, we went high and reached most of our target with significant profits. I think you should get out of the market as it is not stable and it might surprises you.
Congrats champs :)
A good buy signal on the 15M chartWhile i was posting the previous analysis, i saw a significant buy signal that is not a strong one though, as there not much volume supporting it. Remember we have a very strong resistance zone at 41.35 where the price could not pass through yesterday. If the price reaches that zone it may reverse back again, or it may break it and go higher as long as long you see significant volume accompanied!
The market are going crazyI apologize to all my clients and followers who did not hear from me in while due to the lack of clarity of all the markets during the US presidential elections and after. The CL is no exception of that as well since it behaved in way that was unclear for me to take any decision that may lead to a big loss or even a disaster. I preferred to stay away and keep watching till i see what i am looking for.
Today, the market opened high giving us a buy signal but the probability to go higher remains at 60% as it is still unclear especially that the overall trend of the CL is low.
We will have to watch and if there is any strong signal, i will post it right away.
Good luck champs
A great buying signal pattern on the 15M chartI see that the CL is still keeping its beautiful uptrend giving us another winning trade especially after breaking the 36.65 resistance zone accompanied with strong volume that gave price the needed momentum to keep its way upward. Keep your positions till 16:00 to see if the elections will affect the price or not. Good luck
An important buy signal is forming nowAs you can see on the 15M chart, the CL is trying to go up but it has to break that important resistance area in order to keep its way to the top. If it breaks that resistance area you should buy the market.
On the other hand, if the market reverses now, it has to break that support area in order to keep its way down, in that case you should sell the market.
SPX | NAS |USOIL Immediate trade references 22SEPWe have failed to hold lower and have seen a bounce and hold of those levels.
SPX key areas is 3280F, Bullish on hold above and bearish below.
Hold above 3280 for a test of 3308/ 3324
Hold below 3280 for a move back to 3250
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NAS 10955 key reference areas, Has been the stronger of the two hence will expect to lead the way for longs.
Will look for a test of 11140 & 111240
Hold below 10950 will look for a rotation and traverse yday range of 10850/ 10790 & Lower
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USOIL is looking bearish for a hold below 40.40-40.20 regions. Hold below that will look to trade bearish
for a move back to 39.50 and lower. swing targets remain at 37.50