I'm monitoring the oil futures to take a daily short position, to complement my monthly short (see related ideas). Today I shorted oil, using a stop loss at June's monthly close. You can enter here right away, and add once the daily signal triggers. I'll update the publication once that happens. There's a time at mode uptrend on chart, and time expires on the...
CLU's recent price action hints at prolonged bullishness (which vibes with iea's assessment of a deficit in Q3). However if we look at the structure there is a very real chance of a drop at 45.50 area where AB=CD ends at both the last downtrendline measured from the top of the advance at the beginning of this year and the upper MLH of a mod schiff that has been...
Recent price action could be the beginning of a bigger move up. Until this tentative fork is invalidated its median -currently at 48.40 - is a high probability target for me.
After the dust from roll over settled and evaluating the new front month contract CLU2016 i got this idea for a long.