- Search Energy EXCH
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- ectoplasm replied Dec 7, 2016
FWIW have charted the 1 Hr candles Crude oil below; I would not be surprised if price action popped up one more time (just to clear the stops) before breaking the neck line - Looks like CL may well break hard given the recent price action .....
- ectoplasm replied Dec 4, 2016
WTIC has had a nice bounce in price (up 12 %) on the reported deal, but it is close to a neck line (resistance). We could see short covering on a continued pop, but some indicators/ patterns still suggest lower prices soonish... 1 st chart is 4 Hr ...
- ectoplasm replied Dec 2, 2016
Maybe Crude oil price action is actually climbing non stop: looks a lot like consolidation before popping higher (bull flag) - however the Gartley 222 pattern suggests lower price action is just around the corner. If that bull flag/pennant fails ...
- ectoplasm replied Dec 1, 2016
Hi Jfrancis, Nice chart on oil above. I guess it is a bit debatable how far Crude Oil is likely to go on this pop. The 4 Hr chart below shows Gartley's 222 pattern, which seems to limit the upside somewhat.... On another matter, AUD/USD seems to be ...
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