Hadapan Minyak Mentah RinganTelah dikemas kini CL - Daily / Weakening Structure @ 377s Price Objective
CL continues to Lead Lower, we see the reaction @ 64.40 Price Objective
was a Front Run of 3 Ticks, quite small.
IN the end, the Objective was reached, we closed our SELLS again @ 56.
_______________________________________________________________
What is important is the Potential for Crude Oil to now Ping Pong between
the 144 SMA and 377 SMA.
Should it not, then the SELL will amplify again.
The 57 to 62 Range would then come into the Trade.
________________________________________________________________
Frankly, we are excited about this Resolving into 2022.
M2 will continue to expand.
Russia and OPEC as well, the UAE have NO INCENTIVE to create supply
just yet. This is a Coordinated shove lower.
China is facing an enormous dislocation in Housing where 74.7% of the
average Chinese person's Savings reside... it is wreaking havoc on Global
Markets... a Contagion that simply gains traction every day.
EverGrande has defaulted... there are many sources in the US, Germany,
Canada, the UK, and a host of other Holders who has acknowledged there have
been no payments on Bonds.
They won't announce BK, it occurred over a month ago.
China's Real Estate Market is the 1987 Equiv of the German Bund, which kicked
things off then.
Confidence continues to power down, the FED and Admin will be required to do
something/anything to prevent a complete meltdown.
They will, the issue will be when.
______________________________________________________________________
We should now see an RT in Crude Oil.
was a Front Run of 3 Ticks, quite small.
IN the end, the Objective was reached, we closed our SELLS again @ 56.
_______________________________________________________________
What is important is the Potential for Crude Oil to now Ping Pong between
the 144 SMA and 377 SMA.
Should it not, then the SELL will amplify again.
The 57 to 62 Range would then come into the Trade.
________________________________________________________________
Frankly, we are excited about this Resolving into 2022.
M2 will continue to expand.
Russia and OPEC as well, the UAE have NO INCENTIVE to create supply
just yet. This is a Coordinated shove lower.
China is facing an enormous dislocation in Housing where 74.7% of the
average Chinese person's Savings reside... it is wreaking havoc on Global
Markets... a Contagion that simply gains traction every day.
EverGrande has defaulted... there are many sources in the US, Germany,
Canada, the UK, and a host of other Holders who has acknowledged there have
been no payments on Bonds.
They won't announce BK, it occurred over a month ago.
China's Real Estate Market is the 1987 Equiv of the German Bund, which kicked
things off then.
Confidence continues to power down, the FED and Admin will be required to do
something/anything to prevent a complete meltdown.
They will, the issue will be when.
______________________________________________________________________
We should now see an RT in Crude Oil.
Nota
A retest of the LOWS cannot be trusted to HOLD.The RT Target is the .764 @ 66.04
The Larger RT is in a Range from 67.03 to 67.82.
Should these Levbels trade the reactions there will
provide more information as to the Potential Lows.
For now, there is No Trade other than an RT which cannot
be trusted until the Lows are confirmed.
Nota
The ALOGs are running the Black Dog up nicely to POsNota
Political Football with Energy Prices...What will push the Denny's over the top?
Lower Energy Costs America...
47/47 - 270towin.com/2022-senate-election/
Nota
@ 3:36 PM EST - Price Rejection @ 67.03 -.382 FIB.Globex should Squeee again to a minimum of 67.83.
If it fails, then a while new issue arrives.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.