Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Semiconductor Sector – Watch the Early Bird in 2019 - 21st Jan 19
From ASEAN Economic Development to Militarization - 21st Jan 19
Will China Surprise The Us Stock Market? - 21st Jan 19
Tips to Keep Your Finances Healthy in 2019 and Beyond - 21st Jan 19
Tips for Writing Assignment in Hurry - 21st Jan 19
UK House Prices, Immigration, and Population Growth Mega Trend Forecast - 21st Jan 19
REMAIN Parliament to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 21st Jan 19
Pay Attention To The Russell Stocks Index and Financial Sectors - 20th Jan 19
Hyperinflation - Zimbabwe's Monetary Death Spiral - 20th Jan 19
Stock Market Counter-trend Extends - 20th Jan 19
The News About Fake News Is Fake - 20th Jan 19
Stock Market Bull Trap? January 22 Top Likely - 19th Jan 19
After the Crash, the Stock Market Made a V-shaped Recovery. What’s Next - 19th Jan 19
David Morgan: Expect Stagflation and Silver Outperformance in 2019 - 19th Jan 19
Why Brampton Manor Academy State School 41 Oxbridge Offers is Nothing to Celebrate! - 19th Jan 19
REMAIN Parliament Prepares to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 19th Jan 19
Gold Surges on Stock Selloff - 18th Jan 19
Crude Oil Price Will Find Strong Resistance Between $52~55 - 18th Jan 19
Stock Market’s Medium Term is No Longer Bullish. It is Now Mixed - 18th Jan 19
SPX and Gold; Pivotal Points at Hand - 18th Jan 19
Fable Media Launches New GoWin Online Casino Affiliate Site in UK - 18th Jan 19
The End of Apple! - 18th Jan 19
Debt, Division, Dysfunction, and the March to National Bankruptcy - 18th Jan 19
Creating the Best Office Space - 18th Jan 19
S&P 500 at Resistance Level, Downward Correction Ahead? - 17th Jan 19
Mauldin: My 2019 Economic Outlook - 17th Jan 19
Macro Could Weaken After US Government Shutdown. What This Means for Stocks - 17th Jan 19
US Stock Market Indexes Reaches Fibonacci Target Zone – Where to Next? - 17th Jan 19
How 2018 Was For The UK Casino Industry - 17th Jan 19
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19

Market Oracle FREE Newsletter

UK House Prices, Immigration, and Population Growth Trend Forecast

CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!”

Commodities / Crude Oil Jun 20, 2017 - 04:57 PM GMT

By: Stephen_Cox

Commodities

Here are 5 charts of WEEKLY CRUDE OIL, telling their interesting MRI 3D story (TIME, PRICE and DEPTH of 4 chart frames) on MAJOR WEEKLY TURNS. Some of these examples presented potentially low risk to high reward implications. The latest example was presented by CRUDE ADC (Daily) CLQ 17 (44.33) Monday.


CL (WEEKLY) LCL 2008-2017


CL (WEEKLY) LCL LOW 2016


CL (WEEKLY) LOG


CL (WEEKLY) LOG Zoom


CL (WEEKLY) AR Zoom


Now let’s review even more detail on the ADC (Active Daily).

BOTTOM LINE?  Since last week, WTI CRUDE is making an awful lot of fuss in WEEKLY and Daily TIME lately about bottoming!  It really doesn’t do that unless that is its intention.  Any news that can be taken as bullish would surely spark a big rally right now.

Its little brother HO Heating Oil gave us an original 0.76 or 3/4 cent STOP GTC last Thursday evening.  We had to contract that small stop even smaller and were stopped out Monday afternoon with less loss.  The original low close (141.10) is still intact, as is the original LOWPRICE ;@ 140.32.

Here’s the REAL QUESTION: Since MRI Trading Signals identified a HO BUY trade with an original 0.76 sized STOP GTC and then contracts it a trading day later and Monday’s MRI 3D Report identifies a CL BUY trade with 25 cent STOP GTC: WHAT is our REAL RISK to REWARD on these kind of stand alone powerful multiple Time Frame TIME signals and TIME and PRICE signals?  Not much RISK with a very favorable Risk/Reward ratio.  These are the kind of signals that can produce “home runs”.  Just keep in mind- the winning percentage isn’t as high as our “meat and potato” trades, because the BEARS don’t want THIS TYPE of trade to sprout wings and fly north because those traders “in the know” realize how small the original risk was!   (44.20 STOP GTC)

Take a good look at the following WEEKLY charts and see for yourself.  In review, see how the Week of 08 FEB 2016 Secular LOW CLOSEwas identified with 2 separate LCL (Logarithmic Closing Line extensions), 1.00 LCL EXT X 07 JUL- 22 NOV 2008 FROM 25 APR 2011plus 3.618 LCL EXT x 25 APR-26 SEP 2011 FROM 02 SEP 2013.  

The following major LOW WK of 01 AUG’16, presented in PRICE, a WAVE LOG 3/8 x 08 FEB-23 MAY, EXCL “higher b” (06 JUN), then followed 6 weeks later by a FRACTAL LOG 5/8 in the WEEK of 12 SEP.

The following major HIGH in the WEEK 17 OCT’16 was a minor 1.00 ACL EXT x 25 JUL-15 AUG FROM 12 SEP, in combination with TIME; 36(N)u/08 FEB secular LOW and 76(L)a/04 MAY’15 TOP.

The following major LOW WEEK was a AR/LOG TIME EQUALITY 40A=/08 FEB secular low.

The following HIGHEST WEEKLY CLOSE was A/LCL 22(N)u in the WEEK 27 DEC. The next week saw the 2017 HIGH in the WEEK 03 JAN as 1.00 AR EXT x 01 AUG- 17 OCT’16 FROM 14 NOV’16.  

See the next major TOP WEEK 20 FEB with TIME presenting A/LCL 3A=, 15A=, 30(G)u, and 54U, being 0.618 X 87Weeks down.

See the next major LOW WEEK 20 MAR, a “lower b(b)”, is A/LCL/AR/LOG  58(N)a/08 FEB secular LOW.

Which concludes with last week’s 12 JUN 3D=, 6A=, 30(G)a/14 NOV LOW and 45(G)/01 AUG LOW 

CRUDE seems to be expending a “great deal of effort” in THIS bottom area since last Thursday’s HO bottom.  It would appear last week was a MAJOR LOW WEEK to spark a BEAR MARKET RALLY over the next several weeks.  It looks very likely the 2016 HIGH is in the 1st WEEK 03 JAN with the 1.00 AR EXT.

WHEN MRI 3D is identified, as long as the market derived RISK is only 1 % to 3% of our hypothetical $30,000 trading account we have something really worth trading.

If you liked the content of this article you may appreciate the MRI 3D Report is turnkey and there’s no guesswork, including GTC STOP management.  We release our MRI 3D trading intelligence between 5:30 pm E and usually by 9:30 pm E, no later than 10:30 pm E, with an EMAIL ALERT.

Only MRI Trading Signals offers a performance minimum (6%+) in your 30 days subscription or MRI refunds the membership fee.  Visit us, see our video, view many more charts like these and subscribe to the MRI 3D Report today.

Witten and published by Stephen Cox, founder of MRI Trading Signals and developer of MRI 3D TIME PRICE analysis within DEPTH of 4 Chart Frames- 3 of them beyond the arithmetic bar chart finding > 70 % of signals invisible to everyone else.

Video Introduction - https://mritradingsignals.com/the-science-of-mri-3d/

MRI Trading Signals Home Page - https://mritradingsignals.com/

Stephen Cox

Stephen Cox is a 4 decade trader and analyst who first started teaching his TIME and PRICE methods in 1989. MRI 3D is the culmination of his work in Time, Price and the 3rd dimension DEPTH. The MRI Trading Signals Subscription is purely performance based. The only way we keep our fee is by delivering 6%+ return in our hypothetical account, during the 30 Days subscription.

© 2017 Copyright Stephen Cox - All Rights Reserved Disclaimer: This is an paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules