CL suffers a 9% decline in just two days, as suspected. Analyzing the order block responsible for multiple price rejections at $81.55. Evaluating the differences between time-based and range charts in a trending market. Quick Recap Before the end of the year, we looked at possible bearish targets around $67.98. CL dipped from $75 to Read More…
Indices are trading near 2022 lows Technical analysis on NQ, Gold & CL What we can expect from 2023 What We Can Expect From 2023 2022 saw the majority of markets take a free fall. NQ dropped over 32%, ES ended the year down 18%, and Gold, traditionally a safe haven ended flat on the Read More…
US oil stockpiles dropped by 5.89 million barrels for the week ending on December 16. The demand for heating oil in the US is expected to skyrocket. There are concerns about demand brought on by China’s COVID-19 increase. On Thursday, Oil prices increased for the fourth day in a row as US crude, heating oil, Read More…
A look at the 2021 high that is a significant support and resistance level The RSI remains bearish with no signs of a reversal Potential bearish targets from 1-2-3 reversal and trend channel analysis Long Term Outlook We have been tracking the CL price for some time now as we watch the daily trend continue Read More…
Bears take over as CL’s price drops 12% in a week. The hourly chart shows the potential of a double-bottom formation. Bears Take Over In Monday’s article, we discussed two possible scenarios, the Bear case and the Bull case. Since then, CL has dropped 12% and has taken out the spinning top’s low. CL is Read More…
Introduction Daniel is a futures trader from Colombia who has adopted the momentum trading approach. He uses a combination of indicators such as the Keltner channel, simple moving averages, Renko bars, and order flow cumulative delta. Daniel is very disciplined in his approach and doesn’t try to achieve perfection. He has leveraged the OneUp Trader Read More…
