Re: May Crude/Silverbear

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In Response To: May Crude/Silverbear *PIC* ()

Trades,
You have the RSI and the MACD both hugging the 50 - 0 levels and heading lower - the CCI is diverging in a big way - My money is mostly on the RSI as I am much more familiar with it's movement.
Your trendlines tell a better story - illustrating WTI in a falling channel. So, I am tempted to play the trendline and the RSI to the downside. Oil is now trading at 103.15 (4:15) - so it is "respecting" the falling trendline.
Based on what I see here, I expect Oil to continue it's move down.

Best!

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May Crude/Silverbear *PIC*

Re: May Crude/Silverbear

Re: May Crude/Silverbear *PIC*

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