Crude Oil futures: Big upside possible

2020年11月16日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.

2020年11月24日

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So far so good...

2020年11月25日

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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.

2020年11月28日

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2021年2月24日

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

2021年2月28日

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

2021年3月10日

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

2021年4月14日

トレード稼働中

Trend continues now!