there are many factors indicating demand increase, that is not yet in the price due to Harvey (refinery shut down). This is just an idea for Long and is NOT a buy recommendation, considering that ABCD pattern is a bearish setup. in similar way, brent should go to about 55 - just want to track if this is going to work.
any comments are welcome, but cannot promise would answer them here
any comments are welcome, but cannot promise would answer them here
Comment:
the first target box is hit nicely
Comment:
looks like correction in the first target box is close to an end, expecting further move upwards, accompanied by speculators screams of crazy oil and wasting money on longs
Comment:
Comment:
At the same time, we may see a deeper correction on Friday
Trade closed: target reached:
Woo-Haaa!!!! Golden Brick is reached!
i don't trade wti or CL- but will see