Strong Dollar, Oversupply, OPEC dysfunction, global decline... I can go on, but unless we see something concrete from OPEC there is no way to be bullish. I hope for a rally into the 30s simply for the American Oil industry, but this doesn't look good without intervention.
After the three days of clear consolidation I think its safe to say forced liquidation is over. $1450 sooo important in terms of holding levels. We could breakout above $1490 with resistance around $1535 imo. If we consolidate through Friday. Monday will be very bullish into next week.
Very bullish on CRON the next could of weeks. We need it to continue to rally and consolidate in order for our strategy to work well. As you can see on the 01/29 chart the run started in the AM and then it settled, to only reverse the selling to start the new trend for the 01/30 keep your eyes on this chart!