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TFC Commodity Trading Forum

Re: July Crude/ Stretched Out/Oversold

Trades,
Thanks for the chart. I'd like to think that we are headed for a rebound - but what I think doesn't matter! BUT, you know how I just LOVE the RSI indicator and it's telling me that a buy is close at hand. I've been watching the 92.00 area as well. But 113 and 111 look like a double top to me. With the world economies heading to hell in a handbasket - and the USD ripping the roof off the barn, I say we're headed lower.
Makes me want to go back to daytrading this bitch -

Best!!