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DariusAnucauskas
Apr 26, 2017 11:16 AM

WTI, Monthly, Could be a very radical SHORT Short

WTI CRUDE OILTVC

Description

I admit, this is a really long shot. We are looking at the Monthly chart here. It has a pole and it's flagging out. If to follow textbooks, then, yep, SELL. But we need confirmation.

If we suddenly close below the Flag formation, then I would say SHORT to about $33, which could potentially form a DOUBLE BOTTOM.

Crazy? Maybe... But as crazy as this market. So anything could happen.

Just wanted to share this and see what other people think of it.

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14.05.2017 UPDATE - POSTPONED FOR NOW.

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18.05.2017 UPDATE - I THINK THIS MIGHT BE BACK IN THE GAME!
Comments
jdgpro
Mexico just hedged oil at $37 to $42. Maybe not so crazy. pemex.com/en/press_room/press_releases/Paginas/2017-038-national.aspx
DariusAnucauskas
@jdgpro, Thank you for the news. Let's see what happens.
tankbell
That is a radical short call.... but no guts no glory....
DariusAnucauskas
@tankbell, Thank you for the comment =)
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