8 replies to this topic

[relax]

Crude breaking 62 dollars - a sell signal Would be interesting with some fractals og other technicals on crude Thanks!

[Frac_Man]

can you post a chart ?

thanks

Crude breaking 62 dollars - a sell signal

Would be interesting with some fractals og other technicals on crude

Thanks!

[relax]

I tried to copy paste a chart, but didn't really work

I do not use a US system

can you post a chart ?

thanks

Crude breaking 62 dollars - a sell signal

Would be interesting with some fractals og other technicals on crude

Thanks!

[mdwllc]

Crude breaking 62 dollars - a sell signal

Would be interesting with some fractals og other technicals on crude

Thanks!

Relax_DK: I'm not a fractal analyst, but from my cycle work you should expect crude to bottom either 5/10 or more likely 5/23...MDW

[VolPivots]

I have a bullish scenario that should start next week, but current action is mirroring the 2001 "fractal model" with an eventual 'time' low late this year. Commercials are leaning very short and typically not a good fade......

Chart's about 2-3 weeks old

[arbman]

Dave, I also expect a low around $48 in early 2008 for crude and I also thought and posted here before for a high around $68 for crude (last summer). I actually think this is near a long term top at the moment that could get invalidated if crude moves over $69.5. I think the cross of the 2 red lines on your chart is where the short stops should be. I think your render is more appropriate than my $69.5 stop...

[flyers&divers]

According to http://www.seasonalcharts.com/ there is a rising Cash Crude Oil seasonal into mid-May and seasonal weakness until the end of May.

Regards,

F&D

[VolPivots]

Dave, I also expect a low around $48 in early 2008 for crude and I also thought and posted here before for a high around $68 for crude (last summer). I actually think this is near a long term top at the moment that could get invalidated if crude moves over $69.5. I think the cross of the 2 red lines on your chart is where the short stops should be. I think your render is more appropriate than my $69.5 stop...

Kisa, I was leaning towards a bullish resolution and a breakout into the upper 70s after a low next week (my ideal time window is 5/7-5/9) at just below current levels--gasoline fundamentals continue to remain bullish with crude a beneficiary as long as prices stay firm. But seeing how the energy stocks appear to be topping out (may have been today), starting to stray from that view. Whatever happens over the course of the summer, think the 'time' target late this year will offer a better low for a sustainable trending move.

Here's the energy chart I use as a timing tool.....no official sell yet, but probably good enuf for gov't work P.S. Utilities looking heavy, Materials looking heavy, REITs already rolled over.....things that make you go hmmmm.....can tech and financials carry the load?
http://stockcharts.com/c-sc/sc?s=$BPENER&p=D&yr=1&mn=6&dy=0&i=p25931438316&a=80411367&r=8997.png

[relax]

If the US enters a recession thanks to Greenspan hiking too much and Bernanke not cutting soon enough

Well then Oil in 48 is a possible scenario

Remember what happened during the "crash" in february, when focus shifted to slowing global growth
Oil followed down too, so when I hear people talking about oil in 70 or above

It's not going to happen with growth in the US this weak and getting weaker

Would love to post some charts, just have to read how to do it

Dave, I also expect a low around $48 in early 2008 for crude and I also thought and posted here before for a high around $68 for crude (last summer). I actually think this is near a long term top at the moment that could get invalidated if crude moves over $69.5. I think the cross of the 2 red lines on your chart is where the short stops should be. I think your render is more appropriate than my $69.5 stop...