Jump to content



Photo

TSharp chart and oil has me watching


  • Please log in to reply
2 replies to this topic

#1 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 09 January 2020 - 02:26 PM

This Swing Waves!  TSharp chart (bottom) from months ago caught my attention.

UCO broke a downtrend line and appears to be retesting...Any opinions?

 

 

uco.jpg

CL-M-5-25-19-1.jpg


Edited by Rogerdodger, 09 January 2020 - 02:26 PM.


#2 Darris

Darris

    Member

  • Traders-Talk User
  • 1,667 posts

Posted 09 January 2020 - 02:50 PM

Yes, $WTIC is breaking to the upside on the Monthly so far.

https://twitter.com/77ES77

https://stockcharts....m=1&a=712220704



#3 tsharp

tsharp

    Member

  • Traders-Talk User
  • 1,487 posts

Posted 10 January 2020 - 10:21 PM

Here's my take... the tensions have eased, so perhaps one more drop back under 50, then as inflationary pressures and ME tensions rise, so too will the price of crude.

 

CL-W-01-10-20-2.jpg