Saturday, January 13, 2018

Crude Oil Trading: Weekends Post for the week 15th Jan - 19th Jan 2018

Daily: Shooting star spotted. There is a small gap below. Second chart below - there is a gap at 65+ Will it be filled soon?


Weekly: Inverse head and shoulder breakout. Monitoring if it is going to form the second IHS.


Monthly: Reaching ichimochu resistance zone

Hourly: Doji, spinning top, graveyard, shooting stars. Are these tell tale sign of a short-term top? If price rally above and hold, 70 is just within reach.



Crude oil is showing COT extreme. Correction seem to be coming sooner or later?

Daily support/resistance on 15th Jan: 64.19, 63.78
Weekly support/resistance from 15th Jan - 19th Jan: 63.95, 63.06
Monthly support/resistance for Jan: 59.46, 58.17   (CLG8: 59.47, 58.20 )
Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58)
2018 Yearly support/resistance: 51.28, 57.16
2017 Yearly support/resistance: 49.35, 40.28

No comments:

Post a Comment