like the EEM … big support here. if we lose it, look out below …
note, the 15 minute and 240 minute patterns … it shows the fractal nature of the market and, in this case, we have a pattern (15 minute (orange w/ dashed black outline) w/in a BIGGER 4 hour pattern (light blue)
kind of cool, I guess.
B
12/06/2017 – looks like we are smacking into some large resistance from a time and price perspective. here or a little higher should do it for Crude for now.
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2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.
where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?
no way, right? You Never Know.
Bart
Continue reading “Crude Oil Approaching BIG low …update to the update to the update”
06/30/2017 – note measured moves up (blue arrows) – would use those as targets for now. As long as loonie continues to thump the USD, then this might have legs beyond those measured moves.
B
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folks, need to pay attention here … below you’ll find two charts:
All I’m saying is perhaps .. crude is going to continue to strengthen – relative strengths basis – against the USD?
WATCH CLOSELY …
B
2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.
where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?
no way, right? You Never Know.
Bart
1/11/2016 update.
note the percentage corrections … certainly looks like 30 and 25 are possibility. Especially since the OSX/NYA ratio hasn’t bottomed along w/ the Loonie but i do believe we are getting ready for a big bounce.
05/31/2016
here’s an update to the BUY of the RATIO of OSX/NYA. couple things to note:
here’s the RATIO of $OSX / $NYA. it has a buy pattern HERE or a little LOWER.
below that is crude and CAD vs USD (USDCAD inverted) overlaid on top of the ratio.
they move together
so IF this BUY pattern works THEN we have a big move coming BULLISH for Crude and the Loonie.
also, note from the first impulse move down, you can draw all the trend lines w/ 45 degree angles. kind of cool …
1.618 extension target hit ….
1/11/2016 update.
note the percentage corrections … certainly looks like 30 and 25 are possibility. Especially since the OSX/NYA ratio hasn’t bottomed along w/ the Loonie but i do believe we are getting ready for a big bounce.
