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CL

CL - Crude overviewHere you see 4 different timeframes: Quarterly (Upper Right) - price reached a natural resistance level, where a break is expected Monthly (UL) - the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least to a quarterly natural support level. Weekly (LL) The weekly Fork gives more insight. Here we see that there is more room to the Centerline. But as we know, markets breathe in and out. So a pullback to the weekly levels would be no surprise. From there, a further attack towards the Centerline would be expected, because this slope of the Fork is different then the Weekly! Daily (LR) Crude cracked the last days high and is falling below it, as of the time I write this analysis. Potential levels are the weekly and the L-MLH too. Depending on your trading timeframe, you know have a lot to go through and many potential levels to trade off. Consider the footer of this analysis to learn more. P!
NYMEX:CL1!
by Tr8dingN3rd
2
OIL'S BULLS AND BEARS AND THEIR TECHNICALS POINTS!Hello traders, i hope you are having an excellent trading week let's see the technicals of oil. First of all i want to reminde you an article i have written a long time ago which was saying that sooner or later the bullish fundamentals of Oil would take control and that exactly what happened after all(I have attached this article below.) So after a short correction rally to the upside let's see what the technicals have to say. TECHNICALS OBSERVATIONS 1.We can notice the long-term blue descending channel and the short-term red ascending channel. 2.RSI looks bullish as we are above 50 at 60 level which implies that we have space for some upward momentum. 3.The 200EMA is flat and the price is above the EMA which favors the longs trade. 4.We have also the Ichimoku cloud,trend line and 200EMA as a support with bullish signs. 5.We can see also the support and resistance areas with the black dotted lines.Next resitance level is 52-52,30 where the price is now and after this is 54-55 level.Next support to the downside is 49-49,20 level. THANK YOU FOR SUPPORT! HAPPY TRADING! KEEP FOLLOWING FOR MORE PROFITS!
TVC:USOIL
by The_Greek_Trader
CLX2017 & QMX2017 Predictions from ML AI for TuesdayI use pivot points, historical data, and machine learning models to help me trade QMX2017 and CLX2017 futures. Tomorrow my models predict another drop in price. QMX17 & CLX17 Predictions for Tuesday 10/3/17 Binary Price Change Direction: 0, indicating a downward price change Binary Price Change Probability: 34% Numeric Price Change: -0.56 Polar Numeric Price Change Indicator: +1.17 QMX17 & CLX17 Predictions for Monday 10/2/17 Binary Price Change Direction: 0, indicating a downward price change Binary Price Change Probability: 39% Numeric Price Change: -.91 Polar Numeric Price Change Indicator: +.82 QMX17 & CLX17 Results 10/2/17 Actual Binary Change: 0 Actual Change: -1.09 Binary Price Change: The binary Price Change is 1 if the price change will be up at end of day and 0 if it will be down. Binary Price Change Probability: The probability the Binary Price Change. 50% and up translate to a 1 or positive change at end of day. Polar Numeric Price Change Indicator: In the case that the day's price trend does not match the binary prediction. This predictive indicator uses the opposite value of the Binary price change. Numeric Price Change: The predicted price change at end of day. more at dutchess.ai
NYMEX_MINI:QMX2017Short
by DutchessAI
USOIL: Expanding on the analysis$USOIL has given us further clues with the recent developments. After the futures expiration, we had a big drop, but bulls supported the price before hitting levels that would put the rally in danger in the short term. We now have an active uptrend in the daily, and the end of a short term daily downtrend today, which indicates to me that we will see immediate upside in oil. If you for some reason aren't long, you can definitely join longs here, or on slight dips, and aim for the targets on chart, at least. This might end fulfilling a monthly uptrend signal, which could propel oil to the upper 60s, to even $100+-5 as an extreme target. Check out my previous publications, I have been moderately on point, capturing the extremes of the range, and I think now we might be able to catch the next trending leg, let's wait and see. Cheers, Ivan Labrie.
TVC:USOILLong
by IvanLabrie
13