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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

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Sunday, July 30, 2017

$65.00 in Store for Crude Oil?

* See UPDATE below...

My WAG -- IF price can rally and hold above 55.00, we could see a retest of 65.00 in short order...a pop and hold above 50.00 is, however, the first order of the day -- see the Monthly chart below of Crude Oil.

My gut currently favours the long side...of course, I'm not always right, so do your own due diligence.


* UPDATE August 11th:

In view of President Trump's proffered comments today regarding Venezuela, Oil Bears BEWARE!