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.
claydoctor IvanLabrie
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 claydoctor

It can retest that trendline and then turn down.
+1 Reply
claydoctor IvanLabrie
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?
jangseohee claydoctor
1 step at a time, 39-40 can't hold, we go to monthly channel support 33-34
claydoctor jangseohee
next 5 days or so will tell.
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