OIL - Weekly check

FX:USOIL   CFDs on Crude Oil (WTI)
659 2 25
I didn't post the weekly chart for a long time now.
At the last intermediate rally we run for 14 weeks before the correction had started.
We are now on week 10. At least we have 4 weeks more to rally.

But because the new bull is starting at least we are going to take out the last intermediate top at 50$ and test the 100 EMA around 55$. So the rally might last for 6-7 more weeks. (In a new bull market you never know how long is the first part. The junior bull has to destroy all the bears and must get them on board before a correction can start.)

And maybe - this is also a possible scenario- if the rally is strong enough during the next 4-6 weeks we will break above 60$ taking out the 2015May intermediate top and tag the 200 weekly EMA . That is the maximum we will reach at this intermediate cycle.

I would like to see the RSI leaving overbought and SlowStoch to turn down before I close every energy position in the following 3-4 weeks.

We are looking forward to see 3-4 very very bullish weeks.
So please don't try to short. Ride the bull! These are rare moments.
hi... would like to know your opinion on the Calender spreads WTI and the WTI-BRENT calender spreads....can i have your email address?? i would like to share with you a peculiar situation and seek yr opinion on the same.
Great outlook =) I got something similar:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out