382 6 7
Not that trends cannot be broken but this line has been a kiss of death for 8 months...a jump and long above this would mean its a long for sure
Excuse my ignorance, why are the numeric value of the charge vastly different to WTI oil?
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the base chart is a commodity chart so it shows the scales for that but the levels means the relative values of their own instruments
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and that is a combination chart its a combination of USOIL/USDCAD ...
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Do you think the inverse head and shoulders pattern that has formed might be strong enough to break through?
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I am slightly bullish on oil going into March. We still need to see a strong conviction move, there are other factors weighing in as well, see this chart that I published today - there seems to be a big move that is going to happen overall. Stock represented by SPX500 seems to be more independent so far but has to get broiled into the mix much sooner.

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Agree, need some catalysts to break it, not just the rumored talk.
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