PRICE SITS ON "POTENTIAL SUPPORT" THEN SHOWS Its hand through Price Action Manage.......
CRUDE is getting pulled up to higher "Price Flow areas....Price shouldn't take the low of the three bars back...if it does the trend is suspect.
WE ARE ENTERING "TIME AND PRICE " IN A POTENTIAL REVERSAL ZONE.
LAYING OUT THE PROBABLE PATHS OF PRICE $26.06 -23.80 AT SUPPORT...WEEKLY CLOSES ARE SHOWING BUY TAILS. LOWER TARGETS ARE STILL POSSIBLE 35% CHANCE PRICE ACTION WILL CONFIRM ITS PATH.
Time Window is there.....pullback or melt up to the Harmonic Levels...... Inside Day today possible forming.
ODDS FAVOR A BOUNCE...POSSIBLE RETEST OF THE LOW OR FALSE BREAK DEEPER INTO THAT AREA.
A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER OR ANOTHER NEW LOW TO $18-16
WEEKLY PERSPECTIVE.... 26.06 - 23.80 MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME" $CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
but lower highs and lows persist
EXXI is a terrific buy. Kyle Bass increased his position... of which he bought at much higher prices. This company has free cash flow, spends a lot on CAPEX, and with their recent acquisitions, they will save 80M a year just in consolidating these synergies...