John kemp is by far one of the best crude analysists. You can sign up to receive free info on crude everyday
SIGN UP to receive a free daily digest of best in energy news + my research by emailing [email protected]
https://twitter.com/JKempEnergy
No one really knows where price is going to go next but what I can tell you is that both crude oil and gold chart look extremely bullish right now.
Even though we have had a dip in crude in the last few days I consider this a dip or buying opp. I´m actually looking for a 47$ buy on $CL_F
I...
I agree. That short position hit our targets and buyers steped in. Still a nice 100+ tick win on it. I agree we are still pretty bullish mid term on crude.
By the way, what platform is that? that market profile is insane
So crude broke with that important level and I got short on the brak of the continuation pattern. Looking for the next level of support around 45.50, looking pretty bearish
The futures contract on crude is $CL and with 1 contract you control 1,000 barrels of the commodity.
the minimum price fluctuation (tick) for crude is $0.01 and if you buy or sell 1 contract the tick value is $10
this means that if you buy 1 contract of crude at 49.00 and sell it at 49.50...
Some good moves in the $USDJPY, the decision to maitain the interest rate at its current levels by the Fed keeps pushin the $usdpy lower. No intervention from the BoJ in the horizon the depreciate the yen against the dollar so the $usdjpy keeps aiming for that 100
I don´t think there is a dedicated thread for crude oil, which is a bummer giving the fact of how a good earner this commodity is.
It really doesn´t matter if you are trading it through futures ($CL_F) or CFD (WTI) what matters is price action
Here´s today´s setup on crude for me
Very...
Targets got hit and I´m very happy with this pair so far this week, up 470 pips this week
We are also in a nice $audusd short targeting 80 pips for the move for a possible bounce higher
serious levels hit here 61.8 retracement 227.2 long targets at resistance and this wedge break could give us a correction back to 0.7378 for a nice long opp
I´m still on that geppy short, now sitting at +105 pips.
ADR on this pair is 238 pips / today we have moved 126.6 there is still room for a larger move down. 155.00 is being tested and broke just now.
if we follow the overall structure my targets are still above 153.111 but new lows could...