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[viccarter]

Am couple days late posting this, but now the crude is exhibiting serious behavior that it wants or has the potential to trend higher. If you have followed me last weeks on natty, we saw some trending higher and were able to capture a lot. And here we are with crude oil going into the summer months. It has been a mystery as to what might happen, and the charts of crude looks like it broke bad and no one wanted to long trade it, but it has held.

With the monthly, it's just in this wedge formation, but you can see what I'm talking about, just the breakout potential. Nobody is trading off this. We are just exercising our mind to "what if's"


And our daily chart, I am not talking about oscillators or moving averages or the like, I am talking about simple, geometic shape of the bars as an indicator of potential trending activity. This is something to have on the radar, I have not entered anything yet.

Edited by viccarter, 28 March 2013 - 01:12 PM.