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crude
Posted: Wed Sep 16, 2015 8:07 pm
by setliff
is back above the 50dma since june. bullish
Re: crude
Posted: Thu Sep 17, 2015 12:08 am
by dan_s
The only resistance I see on the charts are minor at $50 and $52. Then it is clear sailing to $60. However, I think Wednesday's move was just a reaction to the draw from storage. Let's hope from some follow through.
Re: crude
Posted: Thu Sep 17, 2015 8:59 am
by setliff
the charts show me a target of 54. yesterday was a breakout of one of the following (dependent on the eyes of the beholder) a pennant or a wedge. either way it set that 54 target. time will tell and fundamentals will prevail.
Re: crude
Posted: Fri Sep 18, 2015 3:03 pm
by setliff
the charts for the s&p and dji look very very similar to wti the last month.
fwiw