Welcome and thank you for visiting! The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
...an expanded version of the "Observations" section in my private Daily Trading Journal.
***N.B. ~ U.S. bond & equity markets closed on Monday, May 27th for Memorial Day holiday.
Wednesday, November 16, 2011
Black Gold...
The question for Oil is whether it will pay attention to confluence resistance or not...if so, perhaps it will retrace to form a right shoulder and, subsequently an IH&S, as shown on the Daily chart below.
