It appears we had a touch and fail at the base of the swing zone. Based on 2016, looks like another trip through the accumulation zone (Yellow Rectangle) is ahead, with a possible dip into the final shakeout region (Green Rectangle) before another attempt on the swing zone. In 2016, we saw 3 failed touches/peeks into the swing zone followed by chop back into the...
Assuming CPG shows signs of stopping volume as it falls back into the accumulation zone here, the 6.45 - 6.48 zone appear to be a potential low-risk long entry with use of a tight stop.
Updating my prior Coffee Idea. Still a bit early to call a full on breakout (as you can see, it has broken out of the down trend line before and failed), but it looks more promising each day. Will likely take a position via BJO if KC! hits 120 and holds above.
Building off my last idea, here we can see the December 2014 resistance (69.21) corroborated by acting as both a past support and resistance between 2009 and mid-2010 as well as the next possible resistance (71.63) operating as a pivot point during the same period.
So, let's say you think the activity in Syria is going to make Crude pop on Sunday night. Okay, but that isn't a plan is it? How much is it going to pop or, in other words, where might you want to think about taking profits? We are above all the near term resistances, so where might we see some push back?
Here, you can see that the current price sits just below...
