Oil topping $94

[scriabinop23]

speaking of fib and elliot.. any tea leave readers have any analysis on crude? price targets based off of previous levels ?

 

[IluvVol]

Quote from scriabinop23:

speaking of fib and elliot.. any tea leave readers have any analysis on crude? price targets based off of previous levels ?

yes, oil at 200 next year.

LOL

 

[chauncey1]

Quote from IluvVol:

...."(or not)" is the keyword here. You know how much the markets care about your retracements/fibbonacci or whatever its called in your TA lingo? They dont!!! So, take it for what it is ART, nothing more nothing less, but its not a "huge signal".

I love comments based on technical analysis, its so fun and entertaining.

Well, that's why i say "or not" and it may a signal, just that.

Im not saying the market its going somewhere or cheering the TA in some way. Its just a comment, something to watch just in case.

Im not taking action until we see some action after the 2.15.

 

[toc]

Some oil correction coming but that would be healthy for profit takers.