…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL pushed slightly higher yesterday, continuing its two week rally. CL is now just above 52, and nearing the end of a symmetrical triangle (in the 4hr chart). In the daily chart, CL can be seen near the middle of an upward channel, and quickly approaching the 54 resistance level defined by the same chart’s triangle resistance…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL extended its two week rally yesterday, pushing to within a hair of resistance at 54, a level defined by the daily chart’s triangle resistance line and last week’s high. On yesterday’s climb, CL also broke above symmetrical triangle resistance (in the 4hr chart). Assuming CL breaks past 54 on today’s inventory, it will like…
…, and risks testing last week’s low going into Thursday’s storage figures. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL sold off sharply more than 4% yesterday as it broke the triangle support line that was drawn in yesterday’s 4hr chart. On today’s 4hr chart, the triangle support line has been redrawn to reflect the support that appears to be forming in the 46.5-47 range. On the weekly chart, CL’s been firmly in a downchannel, with the MAC…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL sold off yesterday further ahead of today’s inventory figures, and is bouncing off of the familiar 48-49 support that’s been observed over the last several weeks. CL continues testing downchannel resistance (on the weekly chart), while trading within an increasingly tight range (as seen on the daily chart). Although weekly…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL sold off fairly aggressively in yesterday’s US morning session, briefly touching 50 around 1pm EST after having traded at a high of 54 Monday. The 4hr RSI, Stochastics and MACD are now all sloping down, suggesting more downside ahead of today’s inventory figures. A further dip post inventory may find support around the 50%…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL sold off initially yesterday on the much higher than expected inventory figures, and like last week, rebounded off of bearish figures, surging to 52. CL is now in the middle of a sideways channel (on the daily chart) and significantly, breaking above a downchannel resistance line (on the weekly chart). Weekly, daily and 4h…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL plowed further ahead yesterday, easily slicing through 50 to 54 intraday, before encountering downchannel resistance (on the weekly chart). The weekly MACD green line is beginning to turn up, suggesting a positive crossover soon, and following the rallying weekly RSI and Stochastics, and daily MACD. The daily and 4hr RSI a…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL surged late in Friday’s session, particularly after its pit close, breaking above the downchannel resistance line (on the daily chart), and testing the more significant downchannel resistance line (on the weekly chart). The weekly MACD green line is beginning to flatten, while the weekly, daily and 4hr RSI and Stochastics…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL has made a more than 50% retracement of the gains from the 3 day rally, and found its initial bounce in today’s Asian session at just above the 61.8% Fib retrace (of the same rally). The strong selloff began after CL hit its downchannel resistance (on the weekly chart) and accelerated with the break below the uptrend suppo…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL pushed lower in the early part of yesterday’s Asian session, only to power ahead over 5% during the European session. CL is now retesting its downchannel resistance (on the weekly chart) and appears to have made a double bottom (on the daily chart). The weekly and daily RSI, Stochastics and MACD are mostly sloping up, with…
