Commodity Crude Oil is exactly behaving as per our Blog Post dated 30.09.2018. In our Blog Post dated 30.09.2018 for Commodity Crude Oil, we correctly identified the Top Reversal Pattern. The identified Top Reversal Pattern for Commodity Crude Oil was “Double Top” as shown below between the swing highs valued at 7,408.6 and 7,681.1. Also on that post for Commodity Crude Oil, we drew a trend line which got subsequently broken on Wednesday 10th of October 2018. After our correct identification of Top Reversal Pattern for Commodity Crude Oil, price has come down from the top of 7,681.1 to a current price which is 5,996.6 at the time of writing this post as shown below. This price drop after our Top Reversal Pattern for Commodity Crude Oil is now equal to a massive 1,685 points as shown below.

Commodity Crude Oil Trading

Our blog post dated 30.09.2018 for Commodity Crude Oil, we wrote, “If we consider this swing high of 7,408.6 for US Crude Oil Market as the “1st High” then the price of US Crude Oil Market next or coming week starting on Monday 1st of October 2018 should print a value which is higher than this “Previous or 1st High” of 7,408.6 which then can be considered as the second higher high of the said “Double Top” Market Structure”. This expected 2nd high was printed by the price on Wednesday 3rd of October 2018 as 7,681.1 just 2 days after. To know more about how to Trade all the possible Top Reversal Patterns click here.

Our Blog Post for Commodity Crude Oil on 30.09.2018:

US Crude Oil Market price at the time of writing this blog post is 7,346. Price plotted the recent highest swing high for US Crude Oil Market of 7,408.6 on Monday the 2nd of July 2018 which can be considered as the “1st High” of the possible top reversal: “Double Top” Market Structure. If we consider this swing high of 7,408.6 for US Crude Oil Market as the “1st High” then the price of US Crude Oil Market next or coming week starting on Monday 1st of October 2018 should print a value which is higher than this “Previous or 1st High” of 7,408.6 which then can be considered as the second higher high of the said “Double Top” Market Structure. Now the only point to be remembered is the in-between swing low of the said Double Top Market Structure for US Crude Oil Market. This can be observed at 6,401.3 which the US Crude Oil Market printed on Tuesday 14 August 2018. The last thing we need to technically draw is the double top line to complete the said Market Reversal Structure for US Crude Oil Market. This can be done by drawing a horizontal line from the swing high of 7,408.6 printed on Tuesday 3rd of July 2018 for US Crude Oil Market. We have to wait and see what the price of Crude Oil is doing at this level of 7,408.6.

Learn how to trade US Crude Oil Commodity with us

In our post dated 16th of Septemeber 2018, we had tried to identify the possible “Head and Shoulder” Market Reversal as shown below. In that post, we had noted, “(to get the exact date we need to wait for the price of US Crude Oil Market to break the neckline in future)”. This break of the said neckline never happened and also the line drawn from the head to the right shoulder got broken on 19.09.2018 as shown above.

Our Post on Crude Oil on 16 Sep 2018:

Commodity Crude Oil Market price at the time of writing this blog post is 6.880. Commodity Crude Oil Price plotted the recent highest swing high for US Crude Oil Market of 7,408.6 on Monday the 2nd of July 2018 which can be considered as the “Head” of the possible top reversal: “Head and Shoulder” Market Structure. If we consider this swing high of 7,408.6 for Commodity Crude Oil Crude Oil Market as the head then the swing high 7,288.3 printed by US Crude Oil Market on Monday 21st of May 2018 can be considered as the left shoulder of the said “Head and Shoulder” Market Structure. Now the only point to be identified is the right shoulder of the said “Head and Shoulder” Market Structure for Commodity Crude Oil Market. This can be observed at 7,097.1 which the Commodity Crude Oil Market printed on Wednesday 12 September 2018. The last thing we need to technically draw is the neckline to complete the said “Head and Shoulder” Market Structure for US Crude Oil Market. This can be done by joining the 2 in between swing lows (one between the left shoulder and the head and the other between the right shoulder and the head) printed on Monday 18th of June 2018 and Wednesday 15th of August 2018 for Commodity Crude Oil Market.

Once the potential Market Structure of Commodity Crude Oil Market has been identified then we can drop a vertical line from the head to the neckline and copy the same vertical line and place below the neckline in a future date (to get the exact date we need to wait for the price of Commodity Crude Oil Market to break the neckline in future). In this way you can take advantage of Our Scientific Method of Market Analysis as shown below:


US Crude Oil Market as on 14 Sep 2018

All these levels are the result of Our Power of Scientific Method of Market Analysis. Through this Scientific Method of Market Analysis for the US Crude Oil Market, we identify the Demand or Supply zone much before.

Now learn how to trade US Crude Oil Market as a commodity with us to explore the possibility of earning passive income keeping your day job. Commodity US Crude Oil Market can be traded through Our Power of Scientific Method of Market Analysis as a derivative.

Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like US Crude Oil Market and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us. Trade Commodity US Crude Oil Market as a contract for difference through Our Power of Scientific Method of Market Analysis.

To know how to Trade these type of Markets through Our Power of Scientific Method of Market Analysis in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9566 7275
email: info@npfinancials.com.au

 

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