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Re: Crude Oil Looking Bullish/Randolf *PIC*

April Crude is very overextended with plenty of negative divergences showing up. Price is king but it also must hold above 105 or expect a very sharp selloff. "IF" price can consolidate in a tight range 'above' the105 breakout point that would be another positive step in the right direction with much higher expectations up to the double top of 114. Big test of the breakout point now. Crude like many other markets, related and unrelated, are very overbought and just looking for a reason to selloff. They just haven't found one ..........YET.

Messages In This Thread

Crude Oil Looking Bullish *PIC*
Re: Crude Oil Looking Bullish/Randolf *PIC*