I was right about the flop from $20 to sub $10 so lets go for 2 out of 2.
If you are saying oil is easy to plot and chart right now then your are full of rubbish. We have a huge gap to fill and we all know that gaps get filled. I don't see 0 again but I do see very low. I have plotted a supporting trendline to what I SEE as true...many will disagree.
Fibs don't lie and this one wants completing...when dropping down the 15m there are some candle sticks and nice wicks around $5-4 showing a potential are of support. why would institutions long at $10-8 when they know that's what the retailer is looking for?! scare everyone out the market, hit them stops, get the bottom price and then boom.
OIL isn't worthless until we become a world dependent on electricity.
If you are saying oil is easy to plot and chart right now then your are full of rubbish. We have a huge gap to fill and we all know that gaps get filled. I don't see 0 again but I do see very low. I have plotted a supporting trendline to what I SEE as true...many will disagree.
Fibs don't lie and this one wants completing...when dropping down the 15m there are some candle sticks and nice wicks around $5-4 showing a potential are of support. why would institutions long at $10-8 when they know that's what the retailer is looking for?! scare everyone out the market, hit them stops, get the bottom price and then boom.
OIL isn't worthless until we become a world dependent on electricity.
It's like I told it where to go