Crude sending a warning sign for the markets

SENTIMENT TRADER - FREE DAILY HOT ALERTS [CLICK HERE]

Crude sending a warning sign for the markets?  

"Crude sending a warning sign for the markets?  " 

in the news Crude sending a warning sign for the markets?  ? What this all about..... See below. 

------------------------------

Sentiment Trader shows a very interesting chart today. 

Crude sending a warning sign for the markets?  Right now we have seen the last few days very bad for crude. But is the crude sell off a warning sign for the rest of the market. 

We have news about trump who is being blamed for lower crude, but when has the blame game ended. Never!

saudi increasing supply, back track on what they said 4 weeks, ago and next week we have the meetings in SAUDI, so crude and rising crude is going to be the topic.  

Right now one can make the argument, energy too small help the market go higher, so that is why you should watch it independent of other charts. 

Going into OPEC meetings 22nd june, brent above 60 usd, would be a positive situation. 

Late last week, you had friday phenomenon ahead of long weekend, we are not too concerned about this move. 

CLICK HERE - To Get Our Daily Charts & VIP Updates

The chart still seems to be in a major uptrend, if you ask us. We might see more selling early this week, but overall the trend that has been intact since FEB this year, has not been broken, so for now that is positive in our eyes. 

DON'T MISS OUT ON OUR HOTTEST updates Click the link below....

SENTIMENT TRADER - FREE DAILY HOT ALERTS [CLICK HERE]

Daryl Guppy: The outlook for oil remains bullish

Daryl Guppy: The outlook for oil remains bullish

ACCESS OUT FULL PREMIUM ELITE VIP NEWSLETTERS & UPDATES!

See What The Fuss Is About - Try Us Free For 14 Days! - Limited Time Offer - Hurry!

Get access to our Daily analysis, videos, coaching, audio, charts and indicators AND MORE....

==> HURRY GET YOUR FREE 14 DAY TRIAL INSTANTLY HERE! <==

=====================================================

Daryl Guppy: The outlook for oil remains bullish

Daryl Guppy: The outlook for oil remains bullish

Daryl Guppy: The outlook for oil remains bullish

Daryl Guppy: The outlook for oil remains bullish.. Is this true?

The real question on the minds of big traders is Daryl Guppy: The outlook for oil remains bullish, and why?

Here below we answer some of those questions...

In June we were bullish on oil, setting an upside target near $58 based on the breakout above $48. The upsides target was not achieved. The trend breakout failed to develop and the oil price fell. Despite this short-term behavior, the long-term outlook for oil is bullish with medium term targets at $58.

There are three sets of features that confirm and define this bullish outlook. They are the Guppy Multiple Moving Average (GMMA) relationships; the emerging chart pattern; and the history of support and resistance trading bands.

The first feature is the GMMA relationships. The GMMA pattern of trend breakout consists of three parts. The first part is a rally that tests the value of the lower edge of the long-term GMMA. This happened in June 2015. The second part is a breakout above the upper edge of the long-term GMMA. This developed in June 2016. The third part is a retest of the support levels followed by a rebound.

It is this third part that is currently developing. It's not a classic GMMA test, retest and breakout pattern because the recent retreat has fallen below the value of the long-term GMMA. However, it has rebounded from the historical support level near $38. The lower average of the short-term GMMA group of averages has dipped below the lower edge of the long-term GMMA but the short-term group is now rebounding. This behavior is consistent with the classic GMMA trend breakout pattern of behavior.

Daryl Guppy: The outlook for oil remains bullish

CLICK HERE - To Get Our Daily Charts & VIP Updates

The second feature is the development of an inverted head and shoulder reversal pattern. This pattern is yet to be fully confirmed but we show the potential right hand shoulder with the question mark. If this rebound rally is confirmed by a move above $48, then the inverted head and shoulder pattern is also confirmed. This is a strong trend reversal pattern. The depth of the pattern between the neckline and the head is measured and the value projected upwards. This gives a long-term upside target near $72.

The third feature is the historical pattern of support and resistance levels. The rebound from support near $38 is part of this pattern behavior. Resistance is near $48. A breakout above this level gives an initial target near $58.

We continue to use the ANTSYSS trade method to extract good returns from these price movements. The resistance level near $58 is the most significant resistance level for any trend change. A successful breakout above $48 can move quickly to the historical resistance level near $58. This offers good short-term trading opportunities

The breakout above $38 has a target near $48. The breakout above $48 has a target near $58.

CLICK HERE - To Get Our Daily Charts & VIP Updates

  -    Source : Cnbc.

 I cover more and more technical analysis ==> HERE in our VIP members section.

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!



Powered by 123ContactForm | Report abuse

Daily Crude Chart

The CRUDE chart right now is really taking my fancy!, There is alot of term oil over in the middle east and that normally plays havoc on the economy over there, but as a trader I love it, and I rub my hands together, as there is normally nice fluctuations on the market to profit from.

Right now is no different, and my analogy about the middle east problems is playing out again in the charts.

Take a look at crude at the moment, you can see that since the start of 2013 there has been an inverted head and shoulders pattern that has developed. We have broken the neckline only in the last few days, and there is a fair chance we are going to see higher prices in crude in the coming weeks. Especially if tensions over in the middle east escalate. This is an awesome chart to keep an eye on.

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!

Powered by 123ContactForm | Report abuse

inverted head and shoulders pattern - CRUDE CHART

inverted head and shoulders pattern - CRUDE CHART

The crude chart is very interesting at the moment. There seems to be a larger inverted head and shoulders pattern that has formed on the chart. If we break the 97 region, it could be off to the races so to speak. This chart is being watched by alot of the analysts out there, and with the tension and riots over in the middle east right now, buyers seem to be snapping up crude at this prices.

crude chart

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!

Powered by 123ContactForm | Report abuse