🛢 CRUDE – 10th week of the base cycle (28 weeks), likely completing the 1st phase. The extreme forecast on February 3 worked as a reversal from the combined resistance of the MA20 and the large triangle boundary, which I mentioned in my last post. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but it is very mature.
⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). This is a very strong resistance level. I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 11.
⚠️ Note that the pivot forecast on January 17 marked a triple top with the extreme forecasts of July 1 and April 12 (Retrograde Mercury). This is a very strong resistance level. I maintain my bearish stance, which I explained in my crude oil post from summer 2024. Next pivot forecast for crude: February 11.
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.