TVC:USOIL   WTI Crude Oil
171 2 1
Touched 0.618 fib (+200-daily moving average) and it is very much overextended in bb(20,2) perspective. Economic fundamentals are improving (tough slowly) around the world (especially in the China, look e.g. the pmi). I think that the oil             has overreacted.
Falling dollar (+t.bonds) is telling me truth. Crude will move to the opposite direction (i.e. upwards).
Comment: Weekly BB(20,2) touch could be possible before bouncing.
snapshot
Comment: Non-commercial net position sentiment changing aggressively in dollar... Supports OIL
Comment: https://pbs.twimg.com/media/Cwkcp8QXgAAybA_.jpg:large
Trade closed manually
Tough to expect a V bottom....a wise trader once said never try to catch a falling knife. So a short term pop monday But tuesday and wednesday are toss ups...
if Hillary doesn't implode or donald doesn't killery her.
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makro_mies tankbell
You're mostly right. Nevertheless, you can do your timing in many ways. I prefer "pyramid"-positioning.
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