Mulakan
Zoen_Trieste

CLQ0: Mapping Bullish Continuation

Panjang
Crude Oil Futures (Aug 2020) (NYMEX:CLQ2020)  
Zoen_Trieste  
NYMEX:CLQ2020   Crude Oil Futures (Aug 2020)
Gann Box Supply and Demand Pivot Points Oil oiltrading oilprice oilforecast gannanalysis gannangles gsq9 gannlevels
12
3
gannbox supplyanddemand pivotpoints oil oiltrading oilprice oilforecast gannanalysis gannangles gsq9 gannlevels
Further to the earlier ideas on the August delivery contract, I would like highlight the fact that it has now become the front contract of the Crude Light futures curve, and that it did so while being traded at plus 100% from its YTD low. When the June delivery contract went into negative, this contract was trading at around $20/bbl. Two months later it is trading above $40/bbl and seemingly bulls are still very much confident in their holdings. Buying the dips towards the 150% area from YTD low seems reasonable. This would mean another 25% gain from $40/bbl. The chart shows all of the relevant details on the above.
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.