OIL - Trapped bears' short squeeze is coming above 34.52

FX:USOIL   Crude Oil (WTI)
392 5 9
I just noticed how similar is the present situation in oil             to the 04.06.2015 situation...
We have a beartrap : a lot of people shorted oil             in the breakdown on 02.11.2016... I want to see their short squeeze tomorrow or Monday when we break above 34.52...
That short squeeze will push price to the 100 EMA and to the 200 EMA . I think this daily cycle will top at the 200 EMA (40-42)

Watch how similar the divergence between the price and the MACD/RSi (blue line) today and in 2015 March-April...
In 2015 October when price was falling we didn't have this divergencies... (Red line)

Today we closed above the 50EMA despite the weak oil             inventory data.

I still see a lot of people posting short possibilities here.
I think it's a suicide plan to short oil             here. We are at the end of the intermediate cycle...

A junior bull is born during these days...
Very good analysis. Thank you. How did you found out the similarity between 4.6.2015 and now?
chartwatchers PRO AhmetAlperOzen
I was long that time also...
I have a De JA Vu.
+1 Reply
AhmetAlperOzen chartwatchers
Can you please post your thoughts after todays price action (Friday 2/26/16). Thank you.
I'm planning to post a very detalied analysis in OIL this weekend.
1hr,4hr, 1D charts. Also I will post COT reports regarding OIL.
I'm still quite sure that the bottom is in , and we are on the way to 40$. Bears are defending 34.50-34.80 very heavily.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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