CLZ2018 just hit the 61.80% retracement point on its recent bull swing and found some support seemingly. Continuation players are taking this opportunity to add on to their long holdings. The Schiff set's Median Line is met here as well. A healthy pullback in a major bull trend that may lead to 127.20% extension. Short risk in oil is the preferred choice as long...
It is worth noting that oil changes its major trend direction during the month of June or January. The chart above is an attempt to show this relationship throughout the lifetime of CLZ2018. Also, another important aspect highlighted is the fact that CLZ2018 just tested the major gap area left by the bears in November 2014. Though there are no signs of the major...