Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through buying testing near the April high. If there is a pullback, the bulls want at least a small second leg sideways to up to retest the current leg extreme high (now Jan 15). The bears see the current move as a buy […]
Weekly Crude Oil Breakout Above the Triangle
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil breakout above the triangle pattern. The bulls want a measured move based on the height of the tight trading range which will take them to the July high area. The bears want a reversal from a double top bear flag (Oct 8 and […]
Crude Oil Breakout from Tight Trading Range
Market Overview: Crude Oil Futures Crude Oil breakout from the tight trading range on the weekly chart. The bulls want a measured move based on the height of the tight trading range which will take them near the July high. The bears want the market to form a lower high and the top of the […]
Weekly Crude Oil Inside Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil inside bar closing near its high. The bulls need to create a strong breakout above the November 7 high to increase the odds of a measured move up based on the height of the tight trading range. The bears want a retest of […]
Bulls Want a Crude Oil Breakout
Market Overview: Crude Oil Futures The bulls want a Crude Oil breakout to retest the top of the triangle from a wedge bull flag (Oct 29, Nov 18, and Dec 6). The bears want a retest of the October/September lows and the bottom of the triangle from a wedge bear flag (Nov 7, Nov 22, […]
Bitcoin Major Wedge Top on Daily Chart fall below $100,000
Market Overview: Bitcoin This week, Bitcoin reached a new all-time high of approximately $108,000 on Tuesday. Following the FOMC meeting, a sharp decline ensued, with the price dropping about $10,000 and visiting the previous week’s low. The 5-week bull micro channel ended with an outside down bar, suggesting a potential market transition. Despite this volatility, […]
Weekly Crude Oil Wedge Bull Flag
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil wedge bull flag. The bulls want a breakout and a measured move based on the height of the tight trading range. The bears want the bear trend line or the 20-week EMA to act as resistance. If the market trades higher, they want […]
Weekly Crude Oil Wedge Bear Flag
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil wedge bear flag (Oct 24, Nov 7, and Nov 22). The bears must create sustained follow-through selling to increase the odds of a breakout below the triangle. The bulls see the current move as a three-legged pullback – a wedge bull flag (Oct […]
Monthly Crude Oil Tight Trading Range
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil tight trading range (sideways overlapping candlesticks, poor follow-through and frequent reversals). The bulls want a reversal from a double bottom bull flag (Jun 4 and Sep 10) and a larger double bottom bull flag (Dec 13 and Sep 10). The bears hope to […]
Weekly Crude Oil Outside Bull Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil outside bull bar closing above the 20-week EMA. The bulls must create follow-through buying above the bear trend line and the 20-week EMA to increase the odds of testing the October 8 high. The bears want a retest of the October low and […]
