The Fed is using this Crude Oil vs Gold ratio in tracking inflation. The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio. We saw that when inflation peaked at 9% in June 2022, so did this ratio. Although we recently saw a cut in interest rates, the yields are now moving higher, and gold has maintained its high point. This...
An example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move. To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share. Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel =...
The trend continues for Crude Oil. Will it hit $94? Price is above the 50 and 200 daily EMAs. There are Oil Company stocks that may be impacted also. What out for news but the technical are leaning bullish.
This is what i am anticipating for the london session tonight, and new york session tomorrow. There is a big fvg above on the 4hr chart which is our draw on liquidity. I am aiming for the 77.7 level to be ran through. Lets see how this plays out.
I'm still short on MCL but it looks like an ending diagonal is taking place for wave 5, IF this is the case i will expect an explosive bullish move to $97 once the pattern has unfolded. I will be patiently waiting, for now i will continue taking short trades
We have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open...
CL USOIL (WTI Oil) is forming what it looks like a possible bullish bat formation. As more my liking, I do not like how high the C point is at however if the pattern is completed, the formation still valid. The price must test the zones after the 0.382 time zone in order for the pattern to be valid, if price does it before then a trade should not be considered....