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CL

CL - The Chase to 88 remains / Overextension aheadThe High to High Measured Move on the 4 Hr indicates it NEEDs to continue to move Vertical. CL adores Fridays... So do the Chasers in CL. It is a trade laden with Safety for some, they see it as a hedge, a necessity. They are not wrong, the break from 77 gave us a clear indication we would eventually Price Hunt 104 / 107 / 114 / 148 and far higher in time. We traded a small sell from 83.36 to the .764 @ 83.03, it was front-run and we flipped to Buy Side. STO 8336 - BTC 8312 BTO 8314 - STC 8356 The wild child is primed for FRYday.
NYMEX:CL1!
by HK_L61
7
CL - Crude Oil 4HrThe Monthly CL Draw - 6.50 to 148.40 Draw provided clear guidance as to the Break of 77 as we indicated on the Breakout. If you followed the Trade, it has been solid, we're $6 over the break. The Apex has a number of higher Targets, 85 - 88. We will see the reaction @ the Zenith of the first, second, and third Apex. The Price of many Soft Inputs - Canola, Soy, Oats, and a great many others (excluding Rough Rice, of course) continue to suggest the Transitory expectation for Food Prices remains in defienace. Gold reversed all of its gains, we have an increasingly larger range 1596 - 1909 / Yields are adding pressure, the momentary rally appears to have concluded. With the BTC ETF ahead, the distractions abound. Wall Street will do precisely as they did with the launch of the BTC Futures Contract. Let it breathe and then SELL it without remorse. We will follow riding their Trench Coats as they will dig a rather large Trench for BTC. TECH is hostage to EPS / Bond Yields / VXN / VX Curve. PUT buying has been strong after Dr. Bury was buried in Tesla PUTS, cashing out Thursday / Friday. We will begin to enter PUT Positions for Tesla into EPS. @ 900-920 / 760 with 2% committed, as soon as prems become more elevated, we will Strike. Tulips abound, consolidation to higher into October 20/21 then Dump once again until the FOMO Rally concludes. Crude will provide plenty of Indications this week. Trade Safe - HK
NYMEX:CL1!
by HK_L61
2
CL +400 Ticks Bullish on Daily The CL one hour time frame was in an up channel. The market has broken above the top of the channel. It will be a good idea to look for low prices above the top of the channel. Entry: A closed candlestick above a counter trend line break bullish above the top of the channel. STOP: 73.88 LIMIT: 82.69 As long as the market stays above the top of the channel. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities towards the daily up Fibonacci price point 82.69
NYMEX:CL1!Long
by JoshuaMartinez
NQ - CPI / Yields + ES YM RTY - Structure SummaryIntra-Day setups remain our only trades as the VIX completes Settlement Tomorrow. Puts are again becoming attractive as this weeks Gamma Squeeze is beginning to become extended. AAPL -150 CALLS * Apple claims they will be unaffected by Semi Shortages TSLA - 750 Calls AMC - 56 Calls ______________________________________________________________________________________ 20 Weeks SemiConductor lead times. Q3 EPS warings begin next week VXN Pullback ZN broke the Long we are watching the 133.125 Level TLT weakening in structure sub 150 ***12735 is the Longer Term Price Objective into November ______________________________________________________________________________________ ES YM RTY remain in a Micro Squeeze on VIX Settle and pullback potential to 19.20 ES - remains within its Series, Resisitance is holding for now, the Objective is a full 50% retracement off the conter-trend long from lows. ES PO - Larger Resistance 4492 - 4505 YM - 34993 -35035 Objective RTY - Ranging between 2119 - 2335 ______________________________________________________________________________________ CL - 7161 breaks and we have the potential to return to the Weekly FHWB @ 77.00 CPI will have a large effect upon CL Previous highs acting as support... mean higher for now. ______________________________________________________________________________________ Food Prices rose 16% MOM... CPI Ex - Food/Energy Energy Prices are up significantly MOM Dollar / JPY is gaining strenght implies a clear flight to Safety and RISK OFF 109.83 sends it higher... far higher. 10Yr Yields remain just below a breakout at 1.417 Financials have failed at resitance repeatedly - 4521 the level of Micro Resistance ______________________________________________________________________________________ The FED removes theor gloves next week ahead of important elections. Namely It Canada intially as Treadeau is the Chimp to watch for the Green Agenda in North America... it is extreme in its importance for the Agenda. Europes selections will be followed closely as well as LaGarde has teed up her Chimps to advance the Agenda. California has the Governors recall which appear to be failing quietly. Gavin is a piece of work, little HItler disguised as a Sunbeam. ______________________________________________________________________________________ Geopolitics will have far more impact than has been priced in...
CME_MINI:NQ1!
by HK_L61
11