Loading ...Month end approaching
Month end is approaching and price can swing dramatically in some cases, keep an eye on the monthly candles. I have not been active in crude for a bit because it has been so hard to anticipate. I don’t care about the fundamentals, I think these candles may tell a story. Watch gold, it could set up a nasty gravestone.
The gravestone doji you referenced on NG appears to be working this am…
I am watching 2.28 at the modified 88, if we don’t get a sustained bounce i believe we are headed to 2.85 soon to the bottom rail of the daily channel. The 88 has been flirted with and if it goes i believe it goes pretty hard even though most think indicators should turn up, RSI bearish on the higher time charts, cant get over 40 or 50. A lot bought the spike yesterday and we may see that selling hitting the market this morning or later on if the downward push intensifies. Your thoughts Eagle?