CL Journal

Selling pressure still present & looks like more to come, slow MACD on this weekly chart doesn't look inspiring for longs.

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JSSPMK said:
Selling pressure still present & looks like more to come, slow MACD on this weekly chart doesn't look inspiring for longs.

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JSSPM;you dont think that is a good uptrend, CL is going up from $26.26+/ area+ UP from 1987 price ??
Actually i like a good uptrend , it could turn around in $44.44 area+ has before . LOL= NOT a prediction; most all the ttrends are down. I dont consider TX TEA a good uptrend @ all.o Of course if some like the AMTD ad ''always be buying low'' could work. But i like IBD system better;always buy HI + sell Hi/Higher; sell low + cover lower..........................................
 
murray t turtle said:
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JSSPM;you dont think that is a good uptrend, CL is going up from $26.26+/ area+ UP from 1987 price ??
Actually i like a good uptrend , it could turn around in $44.44 area+ has before . LOL= NOT a prediction; most all the ttrends are down. I dont consider TX TEA a good uptrend @ all.o Of course if some like the AMTD ad ''always be buying low'' could work. But i like IBD system better;always buy HI + sell Hi/Higher; sell low + cover lower..........................................
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IMHO current overall trend is down. The fact that price is above $26 doesn't constitute an overall uptrend, just a retracement, weekly 3 lower highs confirm this. And today yet again the selling prevails.
 
I'm long via UCO eft. Thinking we we will have a replacement up to 47 or so. I am noob tho what do I know. Just gambling. I will stop out if we go below the 42 and stay there.
 
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