jangseohee
Long

CL1!, oily made a higher low

NYMEX:CL1!   Light Crude Oil Futures
1287 30 44
stronger case of inverted head and shoulder now
target is back to 50.5 and beyond

*oil has gain popularity since it started falling hard from 85, there is always
a possibility that it could fail, always be open minded.
and i am still VeRY disturbed by the gap around 28-30

For now, it is buy the dip until it is not.

i felt great having bought a few 27.3, took profit and kept it, any more downside will be a short hedge
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Crude back in action,
+1 Reply
jangseohee AMBRISH
@AMBRISH, leg crossed
Reply
Interesting chart.
+1 Reply

https://www.bloombergquint.com/markets/2017/05/05/suddenly-oil-below-40-a-barrel-doesn-t-seem-so-far-fetched
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Thanks for self explanatory chart.
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jangseohee AMBRISH
@AMBRISH, you are most welcome
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mduck jangseohee
@jangseohee, hey, jang, would you consider 50 as the first target to achieve?
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@mduck, somewhere around 50.25
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