Today Crude bounce end of downtrend or end of moth short covering?

[e-miNY]

What do you think?

 

[whitster]

among other things (like most instruments) it depends on yer timeframe, too

on a 5 yr weekly chart , crude is clearly in an uptrend, and pretty much has retracedexactly at its trendline now, which offers a decent risk/reward entry for the trend-following type of trader

 

[e-miNY]

Quote from whitster:

among other things (like most instruments) it depends on yer timeframe, too

on a 5 yr weekly chart , crude is clearly in an uptrend, and pretty much has retracedexactly at its trendline now, which offers a decent risk/reward entry for the trend-following type of trader

Ok, say 3 months! We've been done almost every single day in the past 3 months.
Are we putting in a low in the next 3 months just based on the violent action of today's close?

 

[BCE]

Quote from e-miNY:

What do you think?

I already started a thread asking the same thing before you did. Why start another thread? http://www.elitetrader.com/vb/showthread.php?threadid=79824

 

[e-miNY]

Quote from BCE:

I already started a thread asking the same thing before you did. Why start another thread? http://www.elitetrader.com/vb/showthread.php?threadid=79824

Coz no poll.
I am interested in knowing what people think about the rally. Please start a poll in your theard then we can close this one down. Thank you!