crude oil futures (CL)
Market Overview Technical Analysis

Parabolic Curve Retest and Inverse Head & Shoulders on Crude Oil (CL) Futures Chart

The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…

Crude oil (CL) futures
Market Overview Technical Analysis

Crude Oil (CL) Futures Poised For a Bullish Breakout?

A recap of the Bullish Parabolic curve. CL looking more Bullish Potential targets of $90 & $93.64 are still probable. The Parabola The parabolic curve mentioned in last week’s analysis has been tested on five different sessions now, with each attempt being bought up, resulting in bullish candlestick formations on the daily chart. This indicates Read More…