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    Potential Head & Shoulders Topping Pattern On Crude Oil

    With minor resistance just overhead around 38 - 38.30, CL (crude oil futures) could reverse soon & form a RS of a H&S topping pattern. Still some work to be done so just something which I'm monitoring for now. Here's the updated 120-minute chart of CL along with the 120-minute chart posted on Friday, highlighting [...]

    Mar 16, 2016 11:11am|Categories: Gold & Commodities|Tags: , , |2 Comments

    Crude Oil Futures Rising Wedge Breakdown

    As expected, CL (crude futures) has broken down below the bearish rising wedge pattern that was highlighted in the trading room last week. Should the recent tight correlation between crude prices & the equity indices continue, this breakdown in crude, which followed the recent breakdown in comparable bearish rising wedge patterns on the broad markets, [...]

    Mar 14, 2016 9:12am|Categories: Gold & Commodities|Tags: , , |2 Comments
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