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Kyo026
Jan 6, 2022 6:41 AM

CL1! Short

Crude Oil FuturesNYMEX

Description

1Y
RSI is topping.
MFI is trending up. This might have a little more upward movement.

5Y
RSI is at 50 at a midway point. Looks bearish.
MFI is trending down.

ALL
RSI is falling.
MFI is falling.

Prediction: this will fall soon.

For my educational purpose, not to be used as financial advice.

Comment

Most likely it has topped and we begin our decent.

Comment

I’m expecting a drop from here.

Comment

Here comes a fall. Shorted

Comment

X
Comments
leftygolf69
Kyo026
@leftygolf69, nice! We will have to see how the 1Y reacts. It RSI is pointing down already, but we will have to wait and see if if is sustained a little longer.
leftygolf69
Not seeing the gap, but should bounce off the upper line
Kyo026
@leftygolf69, the gap is around Nov. 16.
leftygolf69
i'm targeting 81 to 83 to go short
Kyo026
@leftygolf69, there’s a gap at 80.50 on the 6 month filling now. While RSI reached 100 on the one year. Those projections are pretty close to what I would expect. It will be soon.
leftygolf69
looks like there is a lag between the topping of the bottom indicator and the bearish price move
Kyo026
@leftygolf69, it may indicate that it can go a little bit higher before it becomes bearish.
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