Upside Ahead for Crude Oil - COT Strategy Long
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
LONG
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Buy Signal
OI Analysis: Down move since July and recent consolidation has seen CM's getting more long.
Valuation: Undervalued VS GOld
True Seasonal: Strong seasonal tendency for oil to go up to mid October.
Front Month Premium: Front month delivery contracts selling at premium to further out contracts. This is bullish, and is a sign that we could see a commercially driven bull move.
COT Small Spec Index: Buy Signal
Supplementary Indicators: Acc/Dist Buy Signal
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the upside.
Good luck & good trading.
COT Strategy
LONG
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Buy Signal
OI Analysis: Down move since July and recent consolidation has seen CM's getting more long.
Valuation: Undervalued VS GOld
True Seasonal: Strong seasonal tendency for oil to go up to mid October.
Front Month Premium: Front month delivery contracts selling at premium to further out contracts. This is bullish, and is a sign that we could see a commercially driven bull move.
COT Small Spec Index: Buy Signal
Supplementary Indicators: Acc/Dist Buy Signal
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the upside.
Good luck & good trading.
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