Tom_Killick

CL1!: Seeing Demand Off The 2009 Lows. Seeking Resolution #Crude

NYMEX:CL1!   Light Crude Oil Futures
278 2 6
Traders,

We finally came into 2009 demand as predicted, and anyone who followed me made some fantastic money, so well done. We've made a bag of cash these last 2 months so that's great.

After Crude hit 2009 demand, and 2009 low, we have seen some nice buying pressure out of the zone. But this is not final. What will happen now? Will we just see this as minor pullback and hit the lows continuations again? Or will we break the minor sideways TL and create a nice paradigm? It isn't easy to predict.

As we can see, we've had minor bull impulse. So we have 2 options, we will either bounce off current level and to the lows, or we will break the TL, retest, and go further bullish , we will see.

Best of luck
Tom

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Thank you.
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Sorry just seeing your crude oil chart now. I commented exactly the same at your USDCAD chart great stuff the co-relation of this pair.
+1 Reply
No worries. ;).

Everything's valid until it's invalidated.
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