Trading with point and figure

[Dentalfloss]

oil/wti

 

[Dentalfloss]

Oils fallen through PP @ 51.130

I have as support:

PP-S1 @ 50.60
PP-S2 @ 49.60
PP-S3 @ 48.00

Upside is a possibility but greater probability is lower, testing support imo.

Can't take OPEC on its word as oil output still hitting record numbers.
http://globalnews.ca/news/3106949/opec-oil-output-hits-record-numbers-amid-deal-to-cut-supply/

seems that 51.00 is a strong supp area..bad bounce off that area and bears will be in for 50.32 area...your PP-S1
imho

 

[Dentalfloss]

Atilla..that aqua internal looks quite important..imho

 

[Dentalfloss]

cable into our 1.2762 rez area
lets see how it gets handled

 

[Dentalfloss]

1.2762-1.2816 starts gettin a bit nasty for the bulls

posted yesterday at 3.56pm

 

[Dentalfloss]

www.chartstoday.com

more p/f charts from Updata

 

[Atilla]

Morning all,

Thinking the same wrt oil and cable as you Dentist. A LH and weakness on oil will be shorted. I have PP-R1 @ 52.15 and failure to breach will be shorted. That Aqua line is significant and I have same on my chart. Oil is consolidating on 52-50 region and probably will need to see some decline in oil stocks before it moves forward again to validate OPEC agreement blurb.

Cable is strong and even with the US Fed rike pencilled in, it is doing well. I do feel it won't be long before 1.28 gets tested.

👍

 

[Dentalfloss]

DOW in a pivot area 19188-19200

 

[Dentalfloss]

a big wodge of supp goes right down to 19110
rez 19240-19253 area/red trendline

 

[Dentalfloss]

FTSE in a pivot area

data from 22/11

 

[Dentalfloss]

ftse..more detail

data from 29/11

 

[Dentalfloss]

6685-6700 should be a stongish supp area if tested
lets see what happens

 

[Dentalfloss]

carry trade still kickin
usdjpy

 

[Dentalfloss]

aqua /internal trendline is important..imho

 

[Dentalfloss]

scalpin off our 1.2762 rez area
scalps in and out
workin well so far

 

[Atilla]

scalpin off our 1.2762 rez area
scalps in and out
workin well so far

Yes and looks like 1.2750 is now becoming support. If it holds... Up we goooo 🙂

If not then it's going to be good slide down to 1.2740.

 

[Dentalfloss]

DAX since 10/11...approx 1 month of data

pivot/aqua could get tested
should be 10626

 

[Dentalfloss]

oil/wti

[/QUOTE

50.32 hit....area
Excellent

 

[Dentalfloss]

Do we bounce...??

 

[Dentalfloss]

Our 1:2762 res area still humming