


streetgainer
OIl, Oil, Oil, all about the world drowning in over supply of oil.
So the question is, what made it trade above .73 for 5 years (between orange bars) and what would make it (or not) trade there again?...
Time will tell. In the mean time, and in between time, I'll short at every turn above 1.299 and hold for that transfer of wealth
In a previous chart I indicated a $40 pause and bounce in CLF, well that's exactly what happened. Now, readying for the next leg down. Note to self: Scale in PATIENTLY!!!
They shorted from 1.33, and probably needed a fresh set of eyes on the trade.
Same trade as the one just published, lower time frame.
Keep an eye on Oil. Our previous target hit wonderfully. What a great schematic to follow
Early bird catches the worm. OIL hit $40 for a pause, and possibly a reaction bounce, before the next leg down. These types of moves create golden opportunities. GOLDEN!