NYMEX:CL1!   Light Crude Oil Futures
Oil             touched a third time to the resistance line, and do not break
It mean oil             will go down so strong
I wait first 35
Last way
Comment:
CRUDE OIL
Comment: You still dont believe?
good chart $ stragy for long
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@ EXCAVO
basicly i am enjoying your charts - but in this case i disagree with VANSHTOMAR

Zoom the 2015 development also into it
and you`ll see the upside potential is bigger
- not only the OPEC news. Technical SetUp inclusive ...

How ever, take care - and best regards!
Aaron
+2 Reply
EXCAVO TOP 4XSetUps
@4XSetUps, Thank you very much for your comment
+1 Reply
Good tip. So technically this should be what is called rising wedge reversal?! So this certify a downtrend, right? Where is the break point? How do you relate it with the announcement of OPEC and Russia of cutting down production? Only Russia said it will cut off 600.000 barrels a day of oil? Sorry for so much (stupid) questions but I'm learning and I want to understand well everything. Thanks for your chart!
Reply
EXCAVO TOP AdrianNedelcu
@AdrianNedelcu, Global news can say whatever you want .OPEC-SHMAPEK bla bla bla. It is not physical oil. This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger. That why in the first quarter of 2017 the price will be 35-12.
+1 Reply
hehe EXCAVO
@EXCAVO, ... imo - you overestimate enemy - here Russia deals the cards.
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@hehe, Agree Putin dealer at the poker table XD. And works for the tip
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@EXCAVO - ... if you let:


$OIL - Barier Triangle
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@hehe, Agree your idea, good view
+1 Reply
35.60 YOUR ULTIMATE PRICE? NO WAY !!! ITS NOT GOING BACK EVEN TO 40$
2ND TP IS MY ULTIMATE PRIZE
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buy oil for long time

for u my friend.
+2 Reply
i absolutly agree +this has gone up too fast!
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Any updates EXCAVO?
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