purpurato59
Short

Day of reckoning has come for oil

FX:USOIL   Crude Oil (WTI)
a year ago
This last bullrun on oil             prices wasn't really supported by volume and we can see that reflected on the OBV which increased only a fraction of what it fell when prices went from 34 top to 26 bottom. That is, volume was way lower on this 15 USD rally than it was on a drop of only half that amount !
This fake out, is confirmed by the money flow index, now coming back from oversold levels and breaking the wedge . This indicator has been rarely oversold and last time it did, price was around 100.
I believe we will re test 0,23 and maybe 0,5 both of them at signifcant levels from past peaks.
a year ago
Trade closed manually: Personal reminder: I should follow my own ideas till the end and let profits run.

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