my take 6125.00 was low ..now up trend again if fails look out 5000 area
in July the big gun traders knew we had an oil glut oil is being held in tankers at sea due to no place to put it
light blue lines for new up trend channel old green lines remain for support area if this trend holds BTC will be 10k by mid AUG also positive here is volume has picked up note at 7200 area we are up 20% 7800 will be 30% could be profit time … careful /////// 8400 is 40% …. wow ……... based on 6000 trend change area I'm currently disappointed Litecoin isn't...
still down is trend rig count down THERE IS NO SHORTAGE OF OIL P P T ... just wants pain at gas pumps down heading into NOV election
trend is your friend said Martian Zweig 40 years ago
no data to support lower green line JUST A GUESS are the gold bugs now playing bct as gold trending down since 4/11/18 with hickups
still in down channel treading down … don't see any reason this will change until we hit 2.55 - 2.60 area yes there is tons of support at 2.75 area but I feel geo political issues over rule this as well as FED rates inc also as support for this … the grand daddy commodity Gold is in the dumper 100.00 off its top and treading down since 4/11/18 what does it all...
oil trending down as the big circle foretold is trying to hold 68.00 - 67.50 area but GEO political issues are over ruling mkt forces so I look for 65.65 target area price soon and treading to 60 area
tweaked lower down trend line now that there is chart data to support trend channel NG in / below slush channel of 2.90 - 2.87,2.86 area headed for 2.80 range with bottom of 2.60 ish summer run is over is my thoughts DGAZ players delight $$$$
looks like down time in oil like to 70 - 68 area this week kind a like 6/23
added upper new slush trend area is shaded area at 2.90 to 2.87 / 2.86 this is the new channel top area look and expand volume for the last few days and note big red down volume this is key to NG new trend AS 7/4 is a Holiday could the Monday effect hit on 7/5 and spike down ..good chance OF NOTE: the broad mkt has been selling off since 4/11 (remember this...
added to 7/2 chart see it for notes added dark blue upper channel of new support top top is a slush area from 2.90 to 2.87 / 2.86 area this failure of NG to keep going up has happened many years even as east coast is in a heatwave.. look at and expand the red down volume the last few days ..key to direction go with the trend until it fails …. buy the news .....
black line is long term support area yellow line is bottom of this support area so 2.80 to 2.55
at the red line 3.01 NG failed volume was the key . as both center purple center channel and red up trend failed as it broke the green channel ..down is its coarse also of note was failure of the blue line where it had near 30 days support so my guess summer up trend over in NG should hold 2.80 to 2.60 areas ill get a down trend chart up shortly took on more...
up up and away wish I was here but shorted oil Monday