CRUDE MIGHT GO HIGH

Oct 1, 2021

1. Cup and handle pattern on daily chart. ( handle is in under construction.)
2. china energy crisis.
3. rising dollar $$
4. increasing bond yield
5. OPEC countries are unable to increase crude production as per demand

All above are the indication of crude might see new high. one should look opportunities to buy.

Oct 4, 2021

Note

crude at all time high.
after completing cup and handle pattern.
what next.
although us bond yield is up by 1% today. energy crisis / lower production by OPEC may fuel up the price more.
considering to buy option by creating debit call spread.

Oct 5, 2021

Note

crude has created flag and pole pattern. one can look buy opportunity in that .