Crude is setting up for a rise; USD is at a top.
Oil and USD
Started by
redfoliage2
, Mar 03 2009 03:08 PM
6 replies to this topic
#2
Slothrop
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Posted 03 March 2009 - 03:12 PM
Red, I know you're busy...but how about the briefest of TA reasons. Thanks.
#3
SilentOne
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Posted 03 March 2009 - 03:14 PM
Crude is setting up for a rise; USD is at a top.
Hi red,
Yes we just got to get a bottom in the market over and done with. Looks like we are treading water until "something" happens. Market turns ahead for crude and equities March 6/9th. Let's hope it is something we can trade long because I am not interested in shorting.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
redfoliage2
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Posted 03 March 2009 - 03:22 PM
ON the daily charts USD is forming STO and MACD negative divergences and Crude positive divergences. Usually, the current trend does not last for much longer with these divergences.Red, I know you're busy...but how about the briefest of TA reasons. Thanks.
Edited by redfoliage2, 03 March 2009 - 03:24 PM.
#5
johngeorge
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Posted 04 March 2009 - 11:11 AM
Crude is setting up for a rise; USD is at a top.
rf2
Another great call
ERX up over 15% as I type. You do man! 
Thanks for all the sharing you do.
Best to you
Peace
johngeorge
johngeorge
#6
redfoliage2
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Posted 04 March 2009 - 02:38 PM
JG: Thanks for your comments. Have a winning one!Crude is setting up for a rise; USD is at a top.
rf2
Another great call
Thanks for all the sharing you do.
Best to you
Best.
#7
redfoliage2
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Posted 04 March 2009 - 06:05 PM
Crude has built a good base over recent months and is rising from it. The demand from China and India still growing. My ST target for crude is 55 and LT 80.ON the daily charts USD is forming STO and MACD negative divergences and Crude positive divergences. Usually, the current trend does not last for much longer with these divergences.Red, I know you're busy...but how about the briefest of TA reasons. Thanks.
