Good Day and I hope you are well.
#mcl1 - wti crude oil futures
comment: Yeah I don’t know about this one. Your guess is as good as mine. I could even see this touching 63 before going higher again. Most erratic and extreme price action the past 2 weeks, so maybe wait a bit before jumping the train here.
current market cycle: trading range
key levels: 63 - 80
bull case: Bulls don’t have much. They could not close one decent bar at the high since 2025-06-11 and despite all the bull spikes, we only sold afterwards and are back below 65 where the extreme breakout happened. Best guess here is that we stay above 63 and go sideways. Sideways up to where? No idea. Could be 68, could be 70.
Invalidation is below 63
bear case: Too extreme. Both sides have to take quick profits or the next spike will take them away again. So most likely sideways in a range until a newsbomb hit again. Range could be 63 - 68.
Invalidation is above 79
short term: Neutral. Not touching this unless someone threatens me with a gun.
medium-long term - Update from 2025-06-22: Let’s leave this as “todo” for now. No read on this and I won’t make stuff up just to post something.
#mcl1 - wti crude oil futures
comment: Yeah I don’t know about this one. Your guess is as good as mine. I could even see this touching 63 before going higher again. Most erratic and extreme price action the past 2 weeks, so maybe wait a bit before jumping the train here.
current market cycle: trading range
key levels: 63 - 80
bull case: Bulls don’t have much. They could not close one decent bar at the high since 2025-06-11 and despite all the bull spikes, we only sold afterwards and are back below 65 where the extreme breakout happened. Best guess here is that we stay above 63 and go sideways. Sideways up to where? No idea. Could be 68, could be 70.
Invalidation is below 63
bear case: Too extreme. Both sides have to take quick profits or the next spike will take them away again. So most likely sideways in a range until a newsbomb hit again. Range could be 63 - 68.
Invalidation is above 79
short term: Neutral. Not touching this unless someone threatens me with a gun.
medium-long term - Update from 2025-06-22: Let’s leave this as “todo” for now. No read on this and I won’t make stuff up just to post something.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。