Oil is heading downtown for next several months...

FX:USOIL   Crude Oil (WTI)
204 5 8
Heavy inventory built.
Production is boosted by all major crude producers.
Low winter demand.

Related Ideas

saif12 PRO
4 months ago
Man, you are reading the exact opposite.!
+1 Reply
AngeloPascucci saif12
4 months ago
@saif12, why do you said it?
saif12 PRO
4 months ago
look at your curves, STOCH need to reach 80, RSI need to reach 80. which means the price will go to 48-50, then it will reverse back down to low forties, before a major boost.
tradingpro PRO saif12
4 months ago
@saif12, I am not sure what you meant by STOCH , RSI NEED TO REACH. these indicators move with market dir. In a downturn they won't hit oversold or overbought levels for months. This is not me getting it wrong or right , it all based off supply and demand.
saif12 PRO tradingpro
4 months ago
Hello my friend, As you know, there is nothing certain about the market, each person read it in different way. otherwise everybody will get rich. Yes search STOCH and RSI among many other indicators.
We all hope to be right in our decisions, but it does not work all of the time. As long as the right predictions are more than the wrong ones, then I am OK. I know I can not be right all the time, I have been studying curves for the past 10 years, and still learning. So good luck and trade with care
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out