Hubert Senters here.
Let’s take a look at Crude Oil had a massive move today up $5.40. It’s up $3.54. Nice big move. Now, it was below the cloud which is a little concerning there. So you’ve got one, two, three, four. It had four closes below the cloud. But you notice just a little line on here. This is called the lagging line.
The lagging line did not confirm that move lower. Now, obviously this is a geopolitical trade here where you’ve got pick. They’ve decided they’re going to open up the speak it a little bit more they haven’t said how much. So that’s the reason that the Crude Oil is jumping up but you can see that you did have a little early warning sign here back the curtain here.
Here you have a 60 minute buy signal around here and then also in the smaller timeframe. You had a 10 minute buy. So it looks like Crude Oil is going to potentially go higher. And where is probably the most recent that it put in place. So the target is going to be in the area of $72.35.
I’ve been invited to be one of the special guest speakers at Toast of Traders over Trade Thirsty. Rob and I are going to be sharing our time together. We’re going to be talking about the championship setup indicators.
We’re going to be talking 9AM EST. I think we talk at 9:30AM EST. The event starts at 9AM EST and then we’re going to be talking from 9:30AM EST to I believe 11AM EST. I’m going HYPERLINK you to this form.
Good luck. Have a great weekend and see you on the webinar.
Hubert.
