CoopsCharting
Long

Oil bottoming is a process!

NYMEX:CL1!   Light Crude Oil Futures
99 3 4
It amazes me how the talking heads flip flop on fundamental causation regarding oil             price moves over a 48 hour period...as if the whole economic landscape shifted that much that fast.

What we have here is only a bit of technical resistance at the 50 day moving average (this was expected).
i was thinking the same thing after seeing reports today LOL
Reply
I'm not the one to call the bottom, but I totaly agree. Would have been nice to blast through MA50 though, but yeah this was expected. I'm keeping my eyes on this triangle so far:
Reply
A nice ascending triangle you've got there. 4th run usually breaks through.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out