Crude Oil Rogue downwave starts soon

deadbroke · Dec 29, 2011, 10:32am

Quote:

Originally Posted by MajorDutch

from a purely price action perspective WTI looks like the ar5e could fall out of it. certainly if it trades below $99 in the next couple of days it will probably fall fast to $95 then from there test the $90 level.

on another point Gold is looking very very weak, if it trades below $1533 it should drop like a stone, the monthly chart with the huge outside bar is brutal.

Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss it and now appears to have waved goodbye to it as she flees - to where?

To Argentina, hehehehe.

Daily trend is DOWN, 4H trend is DOWN.

deadbroke · Dec 29, 2011, 10:36am

I would like to see Crude 4H break below the 50 and 200 m.a. on 4H - then we will be rolling as the trend will surely gather speed thenceforth. I would love to be paying just $1/gal in the future.

China Diapers · Dec 30, 2011, 11:42am

Quote:

Originally Posted by deadbroke

Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss it and now appears to have waved goodbye to it as she flees - to where?

To Argentina, hehehehe.

Daily trend is DOWN, 4H trend is DOWN.

Thanks, first good news I have heard in months.

price777999 · Dec 30, 2011, 1:07pm

I'm long Brent Crude .

deadbroke · Jan 4, 2012, 10:28am

Quote:

Originally Posted by deadbroke

Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss it and now appears to have waved goodbye to it as she flees - to where?

To Argentina, hehehehe.

Daily trend is DOWN, 4H trend is DOWN.

Daily trend is DOWN, 4H trend is DOWN. Southbound train stopped in Peru and is taking a nice break that is causing Dennis Gartman to nearly start nibbling.
Will we go to Argentina? I believe so but the only important thing worth knowing at this time is

Daily trend is DOWN, 4H trend is DOWN. Remain SHORT.

deadbroke · Jan 4, 2012, 10:35am

Quote:

Originally Posted by deadbroke

I would like to see Crude 4H break below the 50 and 200 m.a. on 4H - then we will be rolling as the trend will surely gather speed thenceforth. I would love to be paying just $1/gal in the future.

Crude did not break below the 2 m.a.s.

Losses now, but SHORT still on. No change in stance as Crude challenges the 4H top

price777999 · Jan 6, 2012, 1:33pm

Quote:

Originally Posted by deadbroke

Crude did not break below the 2 m.a.s.

Losses now, but SHORT still on. No change in stance as Crude challenges the 4H top

I duno much about oil ...are the crude charts you are looking at the same as brent crude ?

or similar ?

price777999 · Jan 6, 2012, 1:48pm

I was long from 108 , but im thinking about shorting this now ...........not sure really, could blow out the trend line just the same ?

Dec 29, 2011, 10:36am	#10
deadbroke Veteran Member Member Since Nov 2011 798 Posts	Re: Crude Oil Rogue downwave starts soon I would like to see Crude 4H break below the 50 and 200 m.a. on 4H - then we will be rolling as the trend will surely gather speed thenceforth. I would love to be paying just $1/gal in the future.

Dec 30, 2011, 1:07pm	#12
price777999 Veteran Member Member Since Aug 2008 570 Posts	Re: Crude Oil Rogue downwave starts soon I'm long Brent Crude . __________________

Jan 6, 2012, 1:48pm	#16
price777999 Veteran Member Member Since Aug 2008 570 Posts	Re: Crude Oil Rogue downwave starts soon I was long from 108 , but im thinking about shorting this now ...........not sure really, could blow out the trend line just the same ? Attached Thumbnails __________________

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