Thanks PE and CE for drawing my attention to this chart.- Charts looking positive on all Tide Wave and Ripple, punching out above multi-week congestion zone
- Have just gone long CLZ9 at 75.50, 1.0% EAR
- At odds with attempt to anticipate turn lower in Nikkei and Simsci .. but hey ... thats not what chart following is about.
- BUT .. for the record, I have never ever made money trading crude before .. not even once.
- From the monthly chart, reasonable objective would be around 85-90. Of course we have to close above 75 first to confirm the break.
14 October 2009
Crude Oil : Breakout above 75
Labels:
COMMODITIES,
Core,
Crude Oil
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