Oil UpdateAfter securing 350 pips profit yesterday I am reassessing the market to see if theres some potential to jump back on the trade.
We are seeing some confluences aligning again with a double top at the 61.8% Fib retracement of yesterday's move, a broken trendline and if we can then add a broken support level on top of that it will be offering a high probability move again.
Let us know your thoughts in the comments below.
Crude Oil
Seasonal Futures Market Patterns Crude OilHey traders today I wanted to go over the best Seasonal Patterns in the Crude Oil Futures Market. Crude Oil and other energy markets follow an annual reliable seasonal pattern due to supply and demand. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading.
Enjoy!
Trade Well,
Clifford
Weekly Futures Market Forecast November 14 2021Hey Traders just wanted to give an weekly forecast on what I see happening in the futures market this week. The S&P 500 Futures Market made another weekly all time high last week. The Oil futures market are still in an uptrend. Inflation fears are rising more and the US dollar futures market has broken out of weekly consolidation. The Bitcoin futures market also have broken the all time high and cryptos are once again on the move.
Enjoy
Trade Well,
Clifford
FINANCIAL MARKETS FOREX WEEKLY UPDATE OCTOBER 24 2021Hey Traders just wanted to give a weekly update on what I see happening in the markets this week. This week we have some Central Bank interest rate decisions for Bank of Canada and Europe. Also we have US GDP at the end of the week. The S&P 500 is about to make a new all time high and Bitcoin has already broken above it's all time high. Also the US dollar is showing signs of bottoming.
Enjoy,
Trade Well,
Clifford
1HR FIB BEARISH ANALYSISOn the 1hr Fib level i am expecting price to hit the 0.786 fib level for an entry for a Short (Sell) and we analysis is on 1:4 Ratio with Take profits at the 0.5 fib level down to -0.27 fib levels.
Looking at the Chart from monthly view, the crude oil is still on a bearish trend because it failed to break out of the previous high and we have been experiencing lower lows from smaller timeframes.