cRUDE awakening?

[gharghur2]

Quote from paperboy:

Time to sell Crude?

Buy Buy Buy It's going higher ...

 

[gharghur2]

Hi!

Just posted an overall analysis of the cRUDE Oil market for the past several decades and the current bull market.

Thought you crude specialists might be interested.

http://spaces.msn.com/caldaroEW/

Below is the most recent chart:

 

[gharghur2]

The key price to watch next week is $61.04 EOD.

This should determine whether or not the correction will be multi-week or short term. If this price holds cRUDE should rally from here.

 

[ElectricSavant]

Could somebody post the members of opec and there committed # of Barrels ...Sorry for my naivity...

 

[gharghur2]

Quote from gharghur2:

The key price to watch next week is $61.04 EOD.

This should determine whether or not the correction will be multi-week or short term. If this price holds cRUDE should rally from here.

It didn't hold!
Looks like we're in a huge FLAT formation, within an ongoing five wave decline to retest the Nov lows at $56. Should bounce here in the 4th wave...

 

[gharghur2]

It appears cRUDE is finally starting establiah a clear pattern.
Seeing a triangle wave 4 formation, still to be completed.
Should take a few more weeks.
When are the seasonal for Crude...next month?

 

[gharghur2]

Crude: A rally this week here also, but I believe it to be in the context of a nearly completed 4th wave triangle. Thus expecting one more push down this week to end the triangle.

http://spaces.msn.com/caldaroEW/