December Crude Futures... Running out of Gas near the $35 level
A potental Deep Crab has formed on the December Crude Futures contract.
Typically this formation overextends and can terminate at a 1.95 extention level.
This also happens to be a .786 retracement of the April 20/21st range.
No hurry on this as it is a 5 hour chart. Let the top form and the oscillator in the bottom pane roll-over as confirmation.
Don't chase this
S.
Typically this formation overextends and can terminate at a 1.95 extention level.
This also happens to be a .786 retracement of the April 20/21st range.
No hurry on this as it is a 5 hour chart. Let the top form and the oscillator in the bottom pane roll-over as confirmation.
Don't chase this
S.
Note
If you draw a PFork from the April high and low the MedianLine comes in at the .786 retracement level. I'd attach an image if I could but TV is useless on documentation.S
Note
Sideways action .... perhaps a little higher...no position yet...could see 35.35!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.