In this post dated 30th of September 2018, we have discussed the recent US Crude Oil Market through Scientific Method. After going through this US Crude Oil Market Analysis through Scientific Method, you will be in a position to understand the following:
- Why Price of US Crude Oil Market is doing what it is doing as of now.
- What is the specific Market Structure for US Crude Oil Market we are illustrating here according to our current observation
- What Price of US Crude Oil Market can do in future if the said Market Structure matures
- How you can advantage of Our Power of Scientific Method of Market Analysis for US Crude Oil Market.
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.
In our post dated 16th of September 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:
US Crude Oil Market price at the time of writing this blog post is 6.880. 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 US 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 US Crude Oil Market. This can be observed at 7,097.1 which the US 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 US Crude Oil Market.
Once the potential Market Structure of US 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 US 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:
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.
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