How to Profit From The Rising Crude Oil Prices With Wyckoff Accumulation — DVN

WYCKOFFPRO
2021-10-12

With the rising crude oil prices $WTI原油主连 2111(CLmain)$ , Devon Energy Corporation $德文能源(DVN)$  is a great stock to bet on as it just had a sign of strength rally with a last point of support. Watch the video below:

Crude Oil Update

As shown in the chart below, crude oil has hit the overbought line of the up channel with increasing supply. The two bars highlighted in yellow comes with excessive supply as shown in the rejection tail (on 11 Oct) and the small candle spread (on 10 Oct). 

Crude Oil daily chart

The emergence of supply together with the channel overbought could potentially stall the upside of crude oil. Watch out for a change of character bar for a pullback in the short term.

If you are day trading the US futures or swing trading for Malaysia and US stocks, do check out my YouTube Channel: Ming Jong Tey for additional videos and resources. $阿里巴巴(BABA)$ $特斯拉(TSLA)$ $苹果(AAPL)$ 

Further Reading

Failed Breakout in AAPL — Change is coming for Apple Stock (What should Investor and Trader do?)

One chart reveals how rising interest rate affects your investment

Will The Rising Interest Rate Crash the Stock Market?

# 炒股技术派

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

举报

评论（12）

  • 推荐
  • 最新
  • quiettt
    ·2021-10-13
    We should be cautious, although crude oil is very bullish.
    回复
    举报
    收起
    • WYCKOFFPRO: 
      absolutely, especially during emergence of excessively supply.
      2021-10-14
      回复
      举报
  • 富不过二代
    ·2021-10-13
    随着供给的增加，原油已经触及超买通道。是可以买进吗？
    回复
    举报
  • 让人蛋疼
    ·2021-10-13
    好厉害
    回复
    举报
  • Lydia758
    ·2021-10-12
    阅
    回复
    举报