Think we will see some short side in crude next 2 weeks.
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Still in down trend looking for profit taking. Will pick up speed tomorrow.
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Ninjabob
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Alpha just reported at 6:53am eastern that Oil prices retreating off highs as rising production in Middle East outweighing decline in US output and dollar slide, a variable charts don't show
Ninjabob
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WTIC also indicates high end not reached yet, 50 could be reached as WTIC follows Top Keltner(Fri 46.13) higher, watching for WTIC to touch Top Bollinger(21,2,0)(Fri 47.93) before dropping lower towards its 50dma(Fri 38.91), WTIC 50dma near to crossing above 200dma
Ninjabob
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WTI dropped to test 50dma, bouncing back up, drop ranged from below 200dma to 50dma, indicating 200dma could be broken as WTI continues up along 50dma, Producers wants Oil higher, watching low to mid 50's before drop lower