Crude Oil Targets above/Risk area lower
Continuous Crude Oil - Weekly: Price action turning lower at weeks end. Using the most recent Swing high to swing low retracements has crude falling short of the 162% primary target at 99.61.
The lagging indicator line (on the Ichimoku) is attracted to previous price action.
**The lagging indicator does not drive future price action.... Think of it like a car in the snow in a skid or fishtailing. The front tires are driving the car, but eventually the rear tires will come to the path of the front tires. Projected support/risk 6-12 weeks out at the 85.00-75.00 area.
Momentum indicators flashing overbought. RSI is showing divergence from the 4 Swing highs. (Higher highs in Crude Price action, Lower high readings in RSI)
A continued move higher will target 99.61 first then look at retracements above.
The lagging indicator line (on the Ichimoku) is attracted to previous price action.
**The lagging indicator does not drive future price action.... Think of it like a car in the snow in a skid or fishtailing. The front tires are driving the car, but eventually the rear tires will come to the path of the front tires. Projected support/risk 6-12 weeks out at the 85.00-75.00 area.
Momentum indicators flashing overbought. RSI is showing divergence from the 4 Swing highs. (Higher highs in Crude Price action, Lower high readings in RSI)
A continued move higher will target 99.61 first then look at retracements above.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.