Made 'another' oil chart screenshot.... hehe
Looks very scruffy, much clearer to see on a plain chart, 1hour, zoomed out max.
But basically dow bottomed at thd 8126 level, as id said taht was too strong support,
it then did a head n sholders, and went up not just to the 8239 like id saued, but the it broke trough the 8246 resistance level!
while this was going on oil was still falling since it hadnt touched my line yet, (even though it had fallen so much it ALWAYS has to stop at 1 of my lines, wont just stop midway between 2 and bouce from there).
Thats why the drop is so overdone, as the lines were spaced out.
Its fallen 26% in 1week now though or in other words $15s.
It tries any of that nonense next week and oil will be down at $26!! LOL
And try picturing the face of a load of arabic oil barons when a load of blokes in suits turn up at their kingdom door asking to buy oil at a price lower than the price it costs the arabs to make it...
Be gan get bouce next week, and its gna be soo much fun