Today, I want to have a very crude conversation with you. Uh, crude oil that is! Crude oil inventories are out today and I want to let you know the Hawkeye perspective. Here is my video update for today:

The Hawkeye Perspective

Crude oil is continuing to fall in price in recent history. Ever since the Saudi oil field attacks, the price of crude oil has steadily dropped over $10/barrel. However, I see support has formed and I am getting indications that we might see price rising on the longer term picture.

The weekly and monthly charts show a consolidation wedge formation, with crude oil prices at the bottom of the wedge. If it holds, I expect to see price “bounce” off the lower channel back up to the middle, around the $55-$56 range. The most interesting indication is the Hawkeye Fatboy. It is showing that crude is extremely oversold and starting to build strength.

On the hourly chart, I see a change of character in buying pressure (volume). The London session was very bullish for crude oil. With inventories out today, and the expectation is for a reduction in stockpiles, I look for continued bullishness in price. The Hawkeye Zones puts the price targets at $53.80 and $54.30 to the upside. Downside targets would be back to $52.50.

Yes, it was a very crude conversation, but I trust it was informative. I hope to see you in my training room today. Learn to trade the Hawkeye way.

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Crude oil is in the news again, with Saudi Arabia agreeing to a partial cease-fire with Yemen. Crude oil ($CL_F) responded with a 1% drop in prices. How do you view and trade this opportunity? I discuss this in today’s video update.

Using technical analysis, it’s easy to see the manipulation of price in the markets. Prior to the report, Hawkeye volume identified clear buying pressure during the London open. The intent was to bring price back to a region that is attractive to sellers, namely overhead supply. And that’s exactly what happend, as price rallied back to yesterday’s close.

Then it’s very easy to see the selling pressure put at that level. Hawkeye Volume and Hawkeye Zones working together to show the true market intent, over 2 hours in advance.

Supply regions are graphically shown using the Hawkeye Zones. I like to use it on a 60min chart, which I think acts like a “price magnet”.

Once you get a market event that produces a long-range bar (Hawkeye Widebar), we know exactly how to trade the resulting trend. Learn to trade the Hawkeye way.

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The recent attack on the Saudi oil production facilities in Abqaiq and Khurais caused the price of Crude Oil (@CL) to spike. Rising up to 18%, CL prices have broken out of daily consolidation, into overhead supply. This Saudi attack brings uncertainty in crude prices, and I share my analysis in today’s update.

While the daily price has broken our consolidation range, the weekly price has also broken it’s consolidation triangle. This was the bullish move we expected from CL, but definitely not the reason behind it.

It’s difficult to trade when global economic events occur, causing volatility to spike and prices to rise. But with the right training in risk management, you minimize any risk potential and are always ready for unintended consequences.

The potential consequences to this sudden move in oil will be noticeable. Look for oil exporting nations to benefit (CAD) and for oil importing nations to suffer (EUR). Risk-off currencies like USD and JPY will benefit while AUD and NZD would suffer.

Bottom line, the price of Crude will probably stay higher, and continue to increase if the break of supply isn’t fixed soon. This Saudi attack brings uncertainty in crude prices, that’s for sure. But if you know how to manage risk, you know how to trade. Learn to trade the Hawkeye way.

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I’ve been watching crude oil for a while now. Today I see signs that crude oil is getting ready for a big move, and I wanted to point it out to you.

On a daily chart, crude oil has been in consolidation for a while. Shown by a series of descending highs and ascending lows, its forming a nice pennant flag. The energy is building as the price “coils up” inside the flag region, setting the stage for the next big move.

The Hawkeye Perspective
According to the 6 Ways teaching we give our students, I identified a bullish break of consolidation. While this technically is called a trend run, crude price still needs to break the Hawkeye stops in order for us to confirm the up trend.

Finally, volume has to be present to support the move. Right now, we see above average buying volume on the daily, and declining selling volume on the weekly. This weekly selling pressure is not producing lower lows in price, which actually is a bullish sign.

Based on this and our Zones indicator, we expect to see a potential move of crude oil back up to 60, 63 or even 74 in time. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Today I want to show you a killer crude oil setup that occurred live. Using supply and demand as targets, Hawkeye knows when to look for trades, and which direction to trade them.

In today’s video, I show the setup and trade results possible to anyone using these killer indicators.

You see, Hawkeye is designed with traders in mind. The Hawkeye Zones show active supply and demand zones and they draw automatically on any chart. Hawkeye Widebar gives us rules to trade by that help to keep us safe. Our Hawkeye Trend and Volume show us the direction of the trade and when to enter. Finally the Hawkeye Levels ATR shows us the risk we take, and the profit targets where we exit.

Hawkeye is a complete packge that helps to keep you safe in volatile markets. As a result, you can learn to trade with confidence and precision, regardless of the market you trade – futures, stocks, Forex, cryptos, options, or commodities. Learn today to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Gold is on fire! Hawkeye identified a bullish trend in Gold (GC) on June 3rd, 2019. If taken, the trade is worth $21,270/contract today. Using the Hawkeye Profit Accelerator, that same trade would have built up to $148,890 as of today. Since the bullish trend is still in tact, we expect to see more in the future.

Obviously, the chart shown is a daily chart. So the margin and account size needed would not be suitable to a beginning trader. But consider the opportunities that each day provides to those who know what to look for. So look for these same type of setups and trades, which will occur on an intraday basis, and trade them the same way.

Personally, I prefer to use the 3 minute, 6 minute, and 12 minute charts for intraday trend trading. Look for opportunities within the bigger trends.

The idea is this: identify the trend, stick with the trend, and build your position on strength. We have a suite of indicators that help you do just that. Yes, gold is on fire. Learn to trade gold the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)