fortuneteller
Long

Will Oil test $55 by march end?

FX:USOIL   CFDs on Crude Oil (WTI)
Crude is forming reversal patterns on daily charts since $31 that might take it to $45, now it has also started to show signs on weekly charts.
USD/CAD             showing a downtrend now, it has inverse relationship with Crude.
Higher then Average volumes on Demand Day after 4 months is also a good indication.
Closing above $31 this week will be a good indication.
Ok fortune I'm trying to find reasons to get bullish , that being said the chart looks great but I'm following another Guru who suggests the dollar will rally big time again and I noticed you had that gold chart that shows a short which might be just the catalyst.
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well, low crude prices were causing extreme trouble for many nations, so it had to go up at that point.
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TomPower PRO fortuneteller
you definitely called the turn butt I wasn't watching and with all the noise and chatter I don't know if I would have listened anyway.
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ya XD thats true, also S&P rallied almost 15%, posted about it too. well i made some in crude and nifty so doesn't matter much....
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Thanks, Crude is trying to brake above $34.00.
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