.
Crude Oil D1 4-9-22:
- Fundamentally there are lots of reasons to expect higher prices
- Seasonals and technicals however point to more downside
Seasonal:
- Seasonally Oil tends to be weak in Q4
- Weakness started earlier this year so might end earlier also (NOV-midterms ?)
Pivot Points:
- Monthly: Price is below SEP Monthly Pivot, heading for S2 = <80.00
- Quarterly : Q3 predicts a run from QPP to QS1 = Yearly Open = Monthly Range Low = 50% retrace of upswing = 75.00
VWAP:
- Yearly VWAP has been broken lower
- Quarterly VWAP in now in charge
- Need a convincing break above QVWAP in order to turn bullish again
Correlation:
- CADJPY normally follows Oil closely, now big divergence
- Divergence probably due to extreme YEN-weakness
- Gives reason for a closer look into CADJPY
.
Crude Oil D1 4-9-22:
- Fundamentally there are lots of reasons to expect higher prices
- Seasonals and technicals however point to more downside
Seasonal:
- Seasonally Oil tends to be weak in Q4
- Weakness started earlier this year so might end earlier also (NOV-midterms ?)
Pivot Points:
- Monthly: Price is below SEP Monthly Pivot, heading for S2 = <80.00
- Quarterly : Q3 predicts a run from QPP to QS1 = Yearly Open = Monthly Range Low = 50% retrace of upswing = 75.00
VWAP:
- Yearly VWAP has been broken lower
- Quarterly VWAP in now in charge
- Need a convincing break above QVWAP in order to turn bullish again
Correlation:
- CADJPY normally follows Oil closely, now big divergence
- Divergence probably due to extreme YEN-weakness
- Gives reason for a closer look into CADJPY
.
Sultan of Swing
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Sultan of Swing
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.