Crude Oil WTI Futures - Jul 17 (CLN7) Intra-day signals and weekly expectations.

in #stock4 years ago (edited)

Intra day buy: 51.30 - 51.59 / 51.41 - 52.07 / 51.92 - 52.21

weekly buy : 49.85 - 50.95 / 50.27 - 52.72 / 52.17. - 53.27

So, 

pullback not expected before 53.27.

Under 50.79, I would consider crude bearish.


On a longer term, 

 if all goes as planned, I speculate a dramatic repeat of previous peak on daily chart and the completion of the inverted h&s.  Once we make the drop, it will be critical to see if we have support at the shoulder. If so, be ready to be amazed! 

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