Loading ...Bullish on Crude Weekly View
I’m fairly certain no one else on this board has a bullish view on crude oil other than me. It feels incredibly wrong to see the charts in a bullish way but that’s how they look to me. This structure simply has a bottom look to me. Those guys on CNBC calling for $20/bbl oil will get their arses handed to them I’m pretty sure.
Not sure why chart won’t enlarge when I click on it?
Mark, could you please re upload the chart, so that it can be opened and enlarged. Difficult to read. Thanks.
I’ve tried several times and don’t know why the chart wont upload correctly. Saved this time as .bmp file so it’s at least bigger on the post view. Weird…..
When you post chart do not use FUll size , use medium size.
Mark, you may not be alone but you are the anomaly, I have only saw one EW article with a bullish take and everyone else is throwing crude in the dumpster. Are you in? and what vehicle are you using to play? Thanks for all the great analysis you do!
Thanks Randy. I’m only in two oil related trades…both initiated yesterday: KMI @ $15.15 and ERX @ $23.50.
Mark Stockchart .com wtic daily chart is wrong. The low for oil was 36.7 ish on PMbull.com during the trading hour. Their chart shows inside day with long legged doji. that is not what happen.
http://www.pmbull.com/oil-price/
Plus oil closed at 37.63 at 4 PM. Stockchart is showing 39.25.
I have e-mail to them to correct it.