Crude Oil futures: Big upside possible

16 พ.ย. 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 พ.ย. 2020

บันทึก

So far so good...

25 พ.ย. 2020

บันทึก

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 พ.ย. 2020

บันทึก

24 ก.พ. 2021

บันทึก

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

28 ก.พ. 2021

บันทึก

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

10 มี.ค. 2021

บันทึก

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 เม.ย. 2021

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Trend continues now!