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WTI Crude (CL) Testing Daily Chart Descending Triangle Resistance


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WTI Crude (CL) saw a bit of profittaking yesterday after briefly breaking descending triangle resistance (on the daily chart). Significantly, CL is trying to form its 3rd straight green weekly candle, with the catalyst for a decisive break above the daily chart triangle resistance coming as early as today following the highly anticipated weekly inventory data at 1030am EST...Click hereto read the full analysis of this market as well as on Natural Gas, Arabica Coffee

WTI Crude (CL)Weekly/Daily/4hr
CL (WTI Crude) Technical Analysis

Sample of Content (below) Available to Free Subscribers (published Aug 28, 2019)

Sample of Content Available to Free Subscribers (published Aug 28, 2019)

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Before the launch of Tradable Patterns , Darren Chu, CFA, served as IntercontinentalExchange | NYSE Liffe's country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC ex-Japan/Korea until his departure mid April 2014.  His primary remit was developing relationships with Liffe clients, prospects and partners in the buyside (traditional and alternative asset managers), proprietary trading (high frequency algo as well as manual, point and click traders), bank, broker (institutional and retail), commodity trader and ISV community.  Key futures and options promoted included European/London rate benchmarks such as the Euribor, Short Sterling, Gilts, London/European index futures including the FTSE and CAC, London soft commodities (Robusta Coffee, Cocoa, White Sugar), Paris (MATIF) markets (Milling Wheat, Rapeseed), and NYSE Liffe US markets with the MSCI EM, MSCI EAFE, gold/silver, Eurodollar, US Treasury and GCF Repo futures being the focus.

 

Previously, Darren was with the TMX Group | Montreal Exchange for 4 years, marketing Canadian futures and options across North America, London, Singapore and Hong Kong.  Darren also launched and managed CMC Markets Canada's Chinese marketing and sales team, along with educational offering.  On the academic trail, Darren has been a frequent guest speaker at Canadian universities as well as an author of content for 3 derivatives courses offered by Canadian Securities Institute and mandatory for licensing of Canadian derivatives industry professionals.

 

Darren can be reached at +65 8118 8840 or via email at darrenchu@tradablepatterns.com.

 

 

 

contributing author since 11/21/2017 

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