Long Crude to 60

NYMEX:CL1!   Light Crude Oil Futures
38.2% retrace in log scale fibonacci channel

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Excellent charting.
+1 Reply
I like it. The RSI is more oversold recently than it was in 1998 when oil when $11 dollars (positive reversal). To me looks like the bullish divergence in the RSI recently was the first we have had since 1998. Looks very promising. Thanks
+1 Reply
what's you time frame on 60 cuz we dumped hard today and it "looks" like we are going a lot lower. ??
PKA tbuckle
@tbuckle, Mid to late 2017. Basically next year I believe we see 60's. This year 52-55 imo.
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