TR4DINGVI3W666

TR4DINGVI3W666

Price has found enough supply to form a double-top and has just now encountered its supporting trend; if this is violated price has potentiality to continue through micro-support down to macro-support. On the other hand, trend is holding up well and may be able to resist.

TR4DINGVI3W666

Interesting correlations in Crude Oil prices and Global economic affairs. In terms of my outlook; current affairs could potentially lead to a breakout for oil into the $110.00 range - technical image supports this.

TR4DINGVI3W666

A) Price encounters S/R zone, consolidates, then is overcome by selling pressure; B) Strong buying pressure and the first sign of a strong bottom; C) Strong selling pressure and the first sign of a strong top; D) Strong bottom reconfirmed; E) Strong top reconfirmed; F) Price reaches lower lows and is met with very strong buying pressure; G) Price returns to...