claydoctor
Short

OIL going lower

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
119 6 2
A low volume , and weak attempt at this run, and running into mid line of BBands. Down we go again. With soooooooooo many wanting to go long on oil             , waiting impatiently for the REAL BOTTOM, soooooooo many getting hammered, and the VOL             will pick up big time if we go much lower. If we dip big time here, is has to effect the markets, and drag them down.
I'm with you on this one.
Reply
claydoctor IvanLabrie
2 years ago
Jang is a believer too, maybe we go to 38 in oil. Not sure of that, but any dip here will be magnifide, when so many are looking for a reason to believe otherwise.
+1 Reply
IvanLabrie TOP claydoctor
2 years ago
USDCAD: Crude as an indicator and the importance of fundamentals


It can retest that trendline and then turn down.
+1 Reply
claydoctor IvanLabrie
2 years ago
Yes. Or it can exit this bear flag at any time and head south. have you seen the chart for copper, and many other commodities for that matter, yikes. That dollar strengthens again, euro weakens, oil stands no chance. Question is, does S&P and markets follow this time. What do you think?
Reply
jangseohee claydoctor
2 years ago
1 step at a time, 39-40 can't hold, we go to monthly channel support 33-34
snapshot
Reply
claydoctor jangseohee
2 years ago
next 5 days or so will tell.
Reply
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