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Crude Oil WTI
- Food4Thought
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9 years 8 months ago #13986
by Food4Thought
Crude looking weak again. Channel & minor H&S breakdown. This may develop into a more orthodox H&S pattern.
Markets generally are about to reverse IMO. Bulls have had their day. All time highs on S&P500 with shooting star type candle yesterday. It's going to be a messy summer.
GL
F4T
Crude Oil WTI was created by Food4Thought
Crude looking weak again. Channel & minor H&S breakdown. This may develop into a more orthodox H&S pattern.
Markets generally are about to reverse IMO. Bulls have had their day. All time highs on S&P500 with shooting star type candle yesterday. It's going to be a messy summer.
GL
F4T
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9 years 8 months ago #13989
by Amo
A reversal even with the continued loose monetry policies world wide? This bubble could comtinue for a while in my opinion.
Replied by Amo on topic Crude Oil WTI
Food4Thought wrote:
Crude looking weak again. Channel & minor H&S breakdown. This may develop into a more orthodox H&S pattern.
Markets generally are about to reverse IMO. Bulls have had their day. All time highs on S&P500 with shooting star type candle yesterday. It's going to be a messy summer.
GL
F4T
A reversal even with the continued loose monetry policies world wide? This bubble could comtinue for a while in my opinion.
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9 years 7 months ago #14062
by Food4Thought
Replied by Food4Thought on topic Crude Oil WTI
I'd say that we are now in the right area for a bounce
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9 years 7 months ago - 9 years 7 months ago #14089
by Food4Thought
46.50 looks to be the mark. Two trendlines crossing, MA50 on daily and MA20 on weekly at 46.34
Am not convinced that H&S will play out fully.
PMO looking very good for a breakout to max 80 (Head to neckline on inv H&S). Also resistance at 81 & 82 horizontally. MA20 crossed above MA50 on weekly.
F4T
Replied by Food4Thought on topic Crude Oil WTI
46.50 looks to be the mark. Two trendlines crossing, MA50 on daily and MA20 on weekly at 46.34
Am not convinced that H&S will play out fully.
PMO looking very good for a breakout to max 80 (Head to neckline on inv H&S). Also resistance at 81 & 82 horizontally. MA20 crossed above MA50 on weekly.
F4T
Last edit: 9 years 7 months ago by Food4Thought.
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