Who Would Have Thought It?

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Who Would Have Thought It?

The Crude market is showing weakness in all time frames. If you were using Hawkeye, your positions would be extremely profitable. So lets go and do our volume analysis using our Hawkeye tools.

Crude Monthly Chart

Crude Monthly Chart
As you can see, price was rejected by the Hawkeye Zones, and where I have placed the magenta arrow shows Hawkeye Volume indicating selling for the last two months.

Crude Weekly Chart

Crude Weekly Chart
The magenta arrow shows selling last week. The trend is down, and the bottom of the Zone at 38.50 is the next area of resistance.

Crude Daily Chart

Crude Daily Chart
The story unfolds. For the last seven days sell/no-demand Volume has been dominant, and where the magenta arrow is you can see the red Trend dot has broken out of congestion to the downside.

Hawkeye Perspective

All time frames are short. The weekly bottom of Zone at 38.50 must hold or the market will be in serious danger of free fall.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The magenta arrows are for illustration only and do not form part of the software]