Loading ...WTIC and RUSS…
I have been BEARISH WTIC and BULLISH RUSS (because RUSS/RUSL reflects the price of crude); however, I am NOT seeing the bearishness I expected. The talk of “OPEC CUTS” hitting the news are reflecting in the charts…
OBV on WTIC is breaking out; also, could have a hidden divergence because the price action refuses to go down and is stabilizing; the slope is heading down appearing to reset for another leg up…
RUSS
Check out the OBV breaking down…
I have this on a tight leash and will sell on any break down…
W
I posted a chart last week on one of Argentaurus’s threads that showed a pop in crude coming and it never materialized at that point, I posted mid week that the pop may not happen and we could be headed lower. This has been a tough market to navigate but spotted this last night in the charts. Anything above $52.15 has me bullish at least short term, this wave is pointing to $57 mark soon.
https://invst.ly/349al
Thanks Randy, seeing the same thing…good luck
Agree on $WTIC going higher:
https://goldtadise.com/?p=392175
https://goldtadise.com/?p=391730
https://goldtadise.com/?p=388572
https://goldtadise.com/?p=392891
Thanks Graddhy…
Ditto ES…
I still have a risk free short on but I must admit to not being too convinced at this point, I feel it should have gone by now.
51.40 area is a gap fill, may keep going who knows. I read that the oil longs are at an all time high so beware.
Our energies are best directed elsewhere until we get more clarity…
My friend I don’t recommend shorting Russian SM. ITS IN A BULL MARKET whatever happens to oil
Plunger, thoughts on China?