OIL - Surprise to the upside?

FX:USOIL   CFDs on Crude Oil (WTI)
2993 16 61
We have still 2-3 more weeks in this daily cycle (maybe 4-5 as this half cycle low was quite deep).
I was watching XLE             and ERX today. Both of them closed on daily maximum with high volume . ERX is just 1$ from the new highs.
Smartmoney is buying ERX and XLE             . They are positioning for the breakout from the consolidation.
Oil             is still suffering at the trendline . Does smartmoney know something what we and oil             doesn't?
I would say : yes.
I'm waiting for a positive surprise here in oil             . A surprise to the upside. Something what ERX and XLE             ( and a lot of idividual shares) are pricing in.
Today we tested back the trendline again. The falling dollar helped a lot for oil             to recover.

I'll be watching very carefully the HCL             low at 43$. We have no business below 43$.
If crude goes below 43$ with the falling ERX and XLE             I will get out of the position.
Comment: Surprise to the upside.
Comment: ERX broke out also.
I told you : smartmoney knew this coming. They were collecting these shares whole this week and last week.
Where is up oil??what level
ma.sanjuy Vishalpanchal84
is the market heading for a oil price crash !! seems so !! i would not be surprised to see $38 range soon hitting the charts. I am long from $46 onwards :(
Looking at the daily chart for yesterday there was a big sell around 3pm EST. Wondering if they knew something the rest of us did not....
You are great, master.
Nice call! I look forward to your next post Arpi!
You are a legend Arpi!
Nice one m8
just perfect
Fullmoon Parabolica
ride the bull to the moon :)
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