is crossing over again with a higher low.
10 and 20 is crossing over, and today will be the 4th day price is above the 10 and 20 .
There's a huge divergence between the price and the and indicator: while the price was printing a lower high on 02.11. and was making a higher low.
This is a strong buy signal for me.
I don't care what the Saudi's are lying about not cutting the production.
This chart is showing me that price can break out any day.
Don't wait for getting a short message from OPEC that: "Tomorrow afternoon we will cut production so if you want to make big money get in position tomorrow in the morning "
Price will skyrocket, if you are not in a position you will be left behind.
I'm positioned in ERX , it's a 3x ETF FUND. I think stocks are entering into the bubble phase soon (this year) and oil company shares will overperform everything.
I'm looking forward a 500-600% profit in 1,5 years.
I think we will never see sub 30 oil prices in our lifetime. So if you just positioning in April or MAy contracts its just perfect.
I will monitorize oil very closely and I will post when I think we at the intermediate top. Then you should get out for 1-2 month and enter again at the intermediate bottom.
Oil will give us a 3 year rally now. Possibility of this decade.