July 11, 2016

  • Cannot argue with the bullishness of the price action But i would like to see a month close above this zone to confirm Bigger bullishness.

  • Crude oil moving back to the broken support zone of 45.84. A bigger up move if price is able to sustain above 45.4 levels.
  • consolidation at this level may resume the larger trend of CL.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore