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CLZ2018 IDEAS AND PREDICTIONS

NYMEX:CLZ2018   Crude Oil Futures (Dec 2018)
22:00 EST , 5/11/2018

Long Term: CLZ higher time frames are in confirmed negative and it has broken 3 day support and is expected to go to 9 day as per the conventional rule. But before that it need to take resistance form a strong time frame in order to further move down. So it is expected to move up to take resistance from atleast 12 hours and then start moving downward.
(It has not touched 4 hours even once, so it is expected to take 4 hours resistance and then descend as per the step-wise downhill rule.)

Short term : On a short term CLZ 5 mins has touched resistance 4 times already and is the core strength. So if the 5 mins breaks and take support then it is expected to go to 15 mins atleast. There is no proper patter formation for moving up. Probability of moving up is 30% and Down is 70%. There are so many resistance out there which can push it down.

Negative indicator: 9 day
Confirmed : All except 1 min

Largest tf Positive Indicator : 4 hours
Largest tf negative Indicator : 9 hours

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