Goldtent TA Paradise

Crude on the cusp?

1. Highroller says:

   October 26, 2017 - 10:51 pm at 10:51 pm

   Have been seeing that also, the chatter was 37 oil but if the dollar goes up the crude should follow? Caterpilar doing fine so economy hot somewhere and must be demand for it, big dark forces always need high oil prices and perhaps war, Isreal piking up against Iran now. Gov’t need tax revenue from high oil so they are in the game to keep it up also.

2. pedro_deleon says:

   October 27, 2017 - 12:41 am at 12:41 am

   I don’t get the fascination with “break outs”.
   Is that where you buy high, and then hope to sell higher?
   Two months ago, when a respected analyst here argued vehemently for shorting crude, I dissented and said we had struck a major bottom. That was the time to get in.
   Now, just when that move appears to be coming to an end (sometime in Nov, imo), its now finally time to get on board?
   Another poster here today indicated that buying breakouts never worked for him. I don’t see their allure either, unless its on a really long time frame after a multi year consolidation pattern.

   • Surf City says:

     October 27, 2017 - 9:19 am at 9:19 am

     Did I say I was buying here? The post clearly says that I am expecting another low (ICL) in the next month or so.