It's showtime in Crude Oil and showcasing time for peacefulLizard50262's indicator handowrk :)
The monthly Hull is giving us a definituve bull run currently with weekly prices pulling back into the QQE Student's T-Distribution Bollinger Bands lower channel support.
Also using his Price cloud oscillator we see the slow colored candle mode with a 5 smoothing turning bullish
Lastly on the weekly chart we see a potential higher low forming on the PBS with a penetrating low as of close 11/23/2022
The daily is giving us a bullish divergence setup on the PBS while the bands are narrowing hinting of a possible price explosion in the near future
Playing this one initially bullish with a debit call spread Jan 17/23 expiration. Looking back there is a weekly pivot at 77.50 and if that is breached
we could definitely see a fast precipitous drop to the 64/63 level so be ready to switch to the short side on a moments notice !
The monthly Hull is giving us a definituve bull run currently with weekly prices pulling back into the QQE Student's T-Distribution Bollinger Bands lower channel support.
Also using his Price cloud oscillator we see the slow colored candle mode with a 5 smoothing turning bullish
Lastly on the weekly chart we see a potential higher low forming on the PBS with a penetrating low as of close 11/23/2022
The daily is giving us a bullish divergence setup on the PBS while the bands are narrowing hinting of a possible price explosion in the near future
Playing this one initially bullish with a debit call spread Jan 17/23 expiration. Looking back there is a weekly pivot at 77.50 and if that is breached
we could definitely see a fast precipitous drop to the 64/63 level so be ready to switch to the short side on a moments notice !