hehe
Long

$OIL - 7th WAVE - Kingdom for a bottom !!!

NYMEX:CL1!   Light Crude Oil Futures
1217 4 15
... imo             - in the seventh wave is still missing one sub-wave / without the next extensions /:

snapshot

... If the above assumption is correct:

snapshot


GL!
Trade closed manually: ...
Hmmm,.. Looking back now at '08-'09, it took oil about 3-4 months to base. If we duplicate this holding pattern to April-May, it will give time for the equity markets to catch up to oil.
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hehe mika2k1ff
... the main question is ... how much Iran has oil in storage ... imo.
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Probably all of that is already factored in the price..
But very interesting last few candles and volume on the USO chart, and I especially like the one on Friday. Definitely something going on:
snapshot
+1 Reply
... if $28,78 will be broken:

snapshot
+2 Reply
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