Oil to Clear 79.00 Big Fig
Currently watching Crude Futs (NYMEX) to clear an Intermediate term High at 79.00 Big Fig.
As my mentor says...
"To & Through"
Reasons:
HTF MMSM, however Long in play to clear Buyside before reversing above highs & clearing distribution leg Sellside
HTF (Daily):
Expecting BSL to be ran and staying Bullish until trend broken & IOF Turns Bearish (Should happen above Highs)
H4:
Expecting a retracement into Internal Range Liquidity as outlined to target External Range Liquidity (Markets are booked like this, in a form of "Handshaking")
LTF:
Tuesday Feb 13th: US CPI
Weds Feb 14th: US Crude Oil Inventories
If Bias is correct and Weekly candle is due to expand to upside, I'd be looking for Tuesday to Form Weekly Low & take Longs Wednesday NY IF my model plays out.
As my mentor says...
"To & Through"
Reasons:
- Crude Bullish Seasonally until march/April (Possible Quarterly Shift to downside)
- Commercials Net LONG
- DXY Bullish
- Failed to break lower on Daily (Indicating to me higher prices are in order)
HTF MMSM, however Long in play to clear Buyside before reversing above highs & clearing distribution leg Sellside
HTF (Daily):
Expecting BSL to be ran and staying Bullish until trend broken & IOF Turns Bearish (Should happen above Highs)
H4:
Expecting a retracement into Internal Range Liquidity as outlined to target External Range Liquidity (Markets are booked like this, in a form of "Handshaking")
LTF:
Tuesday Feb 13th: US CPI
Weds Feb 14th: US Crude Oil Inventories
If Bias is correct and Weekly candle is due to expand to upside, I'd be looking for Tuesday to Form Weekly Low & take Longs Wednesday NY IF my model plays out.
Feragatname
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