NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
373 3 3
3-4 months of hammering at a low. Starting this month well. Oscillators show oil             had been even more oversold than 08/09 collapse. Trying to lift of long term rising support. Volume rose and peaked at the low suggesting capitation. Everyone and their dog knows the globe is oversupplied and there is no shortage of oil             . Funny how at 147 the world was running out of oil             . I am a bull from here and suspect higher prices to come; likely will be choppy on the way up with many chances to build a position. Have no idea how high it goes before stalling.
CoreyInvesFB
2 years ago
I am expecting a plunge after API inventory data in 45 minutes...
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Justiceisfalse CoreyInvesFB
2 years ago
Well..... that happened! However, I think a lot of ppl are watching that monthly trendline + the futures curve and expecting a run to ~60. I am looking to 55s but hey 54 might be it....
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CoreyInvesFB Justiceisfalse
2 years ago
Correct Justice some say upto 60 i believe we are heading down from here. I coninue to sell. Tomorrow 10:30 et another report will show us another fall i believe.
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