claydoctor
Short

USOIL easy an abc, 123

NYMEX:CL1!   Light Crude Oil Futures
328 4 7
Note the ABC             patterns previous dip, last rise, and this dip, both in price and RSI . The oil             traders are huge short, this last spike was s cover, and no way Saudis cut production and let Iran win that fight, because now that Iran is finally once again nearing supply capacity output, they will not cut back. All a ploy. We go lower after this spike.

Hello, excuse my disbelief, but how true will this technical analysis. I ask because I see that the oil most often does not follow rules. What do you think ? Does anyone have a kristal ball to see the future?
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@claydoctor, so you see us headed southbound once the market opens on Sunday or is there still room to go slightly higher?
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Nice chart man, thumbs up!
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Everyone already knows the saudi jawboning is fake. but shorts got squeezed anyway. Why not a continued squeeze?
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