WTI - Impulse Cycle Top ? Short

WTI CRUDE OILTVC

Description

⋅ May 22, 2018 1:23 PM

WTI - Strong Buy Sentiment, but for Option Investors perhaps a Sell Possibility (long Term)

Comments

dr90210

⋅ May 23, 2018 12:36 AM

@DMP_Analytics great, still active?

DMP_Analytics

⋅ May 23, 2018 1:23 PM

@dr90210, Still Active SL over the last Weekly High +/- Potential Three-Drives Pattern, but Price have to expand the Trend line Daily...

Teich50

⋅ May 22, 2018 3:45 PM

Given that the buyers are in control, I don't think it will retrace that quickly to $68 by the end of the month (May).

Teich50

⋅ May 22, 2018 3:46 PM

@Teich50, I'm short WTI btw.

DMP_Analytics

⋅ May 23, 2018 1:27 PM

@Teich50, have an eye at the Weekly close, if price will break that Level next Week - we expect one more Sell Impulse to the downside

Teich50

⋅ May 23, 2018 11:29 PM

@DMP_Analytics, At this point, it's not clear that we'd even get a *negative* weekly close.

Teich50

⋅ May 24, 2018 9:44 PM

@Teich50, I guess I was wrong. Great call!