THE END IS NEAR. WTI should build a bottom. Oil Rally in 2016?

NYMEX:CL1!   Light Crude Oil Futures
After being strong short on oil since August 2014 (see the green arrow... YES, no kidding...), I am expecting the WTI to rock bottom right at or little under 30 $. Two more lows and then there should be a bottom formation, preferably an ending diagonale triangle. Alternative: If not, under 10 $ is on the table (but that I do not see).

So I am changing oil from strongest short to neutral. Not long until a signal developed. But changes are good, that THE END IS NEAR.

The painting in the charts are old, mostly over a year old. Only the last green ones are new. Feb. 2016 was a time target from beginning of 2015. Now I would think maybe three more month to go.

Keep you posted. Happy hunting.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out