Auf geht's
the_sunship

Usoil - C waves, Jim Cramer, and the the Big short

Short
WTI Rohöl CFD's (TVC:USOIL)  
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TVC:USOIL   WTI Rohöl CFD's
Harmonic Patterns Chart Patterns Wave Analysis Crude Oil WTI Crude Oil Futures WTI (CL1!) XOM CVX BTU
12
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harmonicpatterns chartpattern waveanalysis usoil cl1! xom cvx btu
Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.
Kommentar:
so far so good, the idea is negated above 123
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Kommentar:
USOIL/SPY chart, weekly candle will be important, so far looks good for bears.
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Kommentar:
Doubletop, reaction from here will be very important. Stops at 124.50
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Kommentar:
So far 123 is holding, needs to get impulsive so more sellers start to step in on bounces. we'll see.
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Kommentar:
looking good for bears
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Kommentar:
needs to break channel and get down to lower bb, then it would be more clear that the direction is changed.
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