graham.edwards84

graham.edwards84

Cl1! has formed a very interesting formation and is now tightly wedge bound with a $45 target. My idea is that it will break out of this wedge to a channel down and then move into a similar wedge with a lower target of $35. I would like to believe that it will break higher again with a channel upwards.

graham.edwards84

There doesn't seem to be a compelling reason now for XAUUSD to move out of this pattern before the US election. EMAs also are converging. Arpi, I'm hoping not to be correct. Thank you for your comments, I really enjoy your contributions.

graham.edwards84

I don't see oil returning to above $75 any time soon due to advancing energy technologies and oversupply issues continuing over the next 5 years. I'm long with a TP of 75 next year. After that I will most likely move to a short position or not trade oil.