NYMEX:CLQ2015   LIGHT CRUDE OIL FUTURES
62 4 2
red supply , blue demand / weekly demand in control / daily supply in control
we wait for what will happen in these red supply zones
at weekly chart we have nice long pin bar , so its possible that it break first supply zone and arrive to second .
so its possible sell first supply zone , if fail
sell second supply zone or try sell both .-) BUT when market create big green candles (dont know 2 or three) from now on to upper side of second supply zone DONT SELL IT. wait for little consolidation 3 candles and signal (and sell)
in long term we are long at oil            
So far this pattern has worked out very well, made good purchase point at the 57015 red line. What new thoughts do you have now?
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Your forecast has been very accurate. What new targets, support and resistance areas are you anticipating??
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Likan CoolCreekCTA
Hi in fact i dont know. i just try look at supply and demand in chart and think about it little , but at the end markets decide and in fact we all are The Market :-). But world have brutal amount of OIL at this time so it doesnt look good for price. Im goin to do new idea chart with levels and post it.
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This chart continues to be great blueprint to follow. Crude hit 57.94 target earlier today and has bounced 58.70. If we are not at a buy point we should be very close to a rally
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