4xForecaster
Short

Update: Old Friend Is Coming Home | #Brent #UKOil #USO #WTIC

FX:UKOIL   Crude Oil (Brent)
154 2 1
Friends,

We defined that target-low at 98.93 back in November 12th, and it's still going.

If you followed us from our humble Facebook             page, you will recall that we have been charting UKOil             for sometimes now. In fact, back in November 12th, 2013, we even projected a bearish target at TG-1 = 98.93. We raised eyebrows and lowered praise levels when we released that abysmal target, especially since it had just reached historical highs.

As with any other forecasts, we stayed the course. In fact, following are a few samples of our communication with Facebook             followers, illustrating the evolution of the UKOil             char ever since the signal was released:

1 - Price rallies away from target ... We remain bearish:
- https://www.facebook.com/4xquad/posts/540229766063400

2 - We reassure traders that target remains in force and intact:
- https://www.facebook.com/4xquad/posts/558862414200135

As our long-time followers know, we have migrated our charts, analyses and forecasts to TradingView, and we decided to migrate our charts in our new home as well, just like old friends taking care of one another. As the old commercial goes: "It's just a better pizza"

So, besides the snow and days getting longer, we have nothing else to add to this technical conversation, except that we are staying the course.

OVERALL:
UKOil             remains bearish , and the target set on November 12th 2013 remains intact and ever so in sight ... As Warren Buffett once said:

"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient"

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting


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Where to find us:

- Twitter: @4xForecaster
- TradingView.com: 4xForecaster
- Facebook: www.4xQuad.com



Want to explore our recent successful forecasts?
- A few examples there:

1 - #USDollar: http://on.fb.me/19Pf77y
2 - #AUDUSD: http://on.fb.me/1kDHbdB
3 - #NGAS: http://on.fb.me/1aSMYHV

All Archived here: http://bit.ly/16JMnH8


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Disclaimer from Bob Loeb Law:
All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
So from 104 to 110ish money management goes out of the window despite price findng support at 106. Nice call.
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4xForecaster PRO justatrader
2 years ago
@justatrader - The directional opinions and forecasts are offered by request to market student and trading audience expected to hone a trading plan and possess a money management style commensurate to their means.
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