FX:USOIL   Crude Oil (WTI)
97 2 1
Presented in entirely raw format, lol. Clearly there are a few things going on here,
recently I've been looking at the strong validity of cross market channels.
More on that, better presented (and questioned) over the weekend perhaps but
hey, sometimes it's all about the trade. Being rather frustrated with the vagaries of forex markets ...
I've been practising trading oil             . I like it. It's kinda logical.
As it's dribbled off the diamond, down to roughly the channel bottom, Modified Schiff and XABDC both agree,
once the bounce point confirmed, a little W maybe? it looks a high probability to go back up to the 106.00 area,
off up the retracements as indicated.
(BTW I've had metals pegged in also for a while to take a potential hike around the 28th ish             . Maybe. Anyhow big moves in commods, generally up ... Big turn points, copper             nudging up overnight, (as Euro             peaks/pivots?))
ZenMasterFX
3 years ago
I am confused. Too many lines.
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finitemonk PRO ZenMasterFX
3 years ago
Hi, I fully appreciate it might look confusing, a high speed presentation, hence the 'entirely raw format' & 'a few things going on'. It's best to look at it as preliminary sketch. As for the bounce point ... That was beautiful. WTI was paused slightly, hanging to the upside, gold jumped significant resistance, wow, an almost audible BOOM, simultaneous momentum ignition.
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