Crude Oil futures: Big upside possible

16 בנוב׳ 2020

It seems Crude oil is about to stage a massive rally lasting 17 weeks. I can see it going between $51 and $77, best case scenario.
Ideally it should hold over 37.14 here, to not disrupt the currently active bullish signals on chart. The weekly timeframe and monthly timeframe are a good way to frame the price action patterns that have clearly indicated what price behavior would do since the COVID crash, so they are quite reliable here. Both suggest big upside is possible, so definitely time to be long and pay attention.

Cheers,

Ivan Labrie.

24 בנוב׳ 2020

הערה

So far so good...

25 בנוב׳ 2020

הערה

Further confirmation of strength. This has legs! Hold long term exposure via energy stocks, futures are good to trade but harder to hold on to for bigger moves.

28 בנוב׳ 2020

הערה

24 בפבר׳ 2021

הערה

Very close to the target and time expiration, pay close attention.

28 בפבר׳ 2021

הערה

Expiration by March 12th, we already see a reaction in oil here. I'm a bit concerned.

10 במרץ 2021

הערה

A bit concerned here, time is running out for oil futures, maybe basing or retracing next. Last: 64.78
Ivan Labrie
March 10th 2021

14 באפר׳ 2021

עסקה פעילה

Trend continues now!