In the Jan 5 Time and Cycles public blog post, I mentioned that: "Major support is at the long term 12/98L-11/01L-12/08L Up trendline at the 46-47 area"
That trend line needed a little refinement. Crude exact key long term trend line support at 45.89 and was exactly touched at 1/14 futures Low at 45.89 and closed back above it at 48.48. We are at a short term Low in crude Oil.
3 comments:
do you think we will have as many up days as we did down?
Hi wiseman, I think Crude is longer term bearish, for nor we bounce.
how about the stockmarket?
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