Go with Nat Gas over Oil$CL_F $NG_F On a both a relative basis with oil and on an absolute price basis, natural gas is trying to complete a false breakdown. Going forward look for nat gas to significantly outperform oil.
Cl_f
crude oiltime for a dip / thinking that weakness is now countertrend. visit www.sbtradedesk.com for trades and more analysis
CRUDE "ROADMAP"LAYING OUT THE PROBABLE PATHS OF PRICE
$26.06 -23.80 AT SUPPORT...WEEKLY CLOSES ARE SHOWING BUY TAILS.
LOWER TARGETS ARE STILL POSSIBLE 35% CHANCE
PRICE ACTION WILL CONFIRM ITS PATH.
USOil Target $32$CL_F It is likely that the bearish cypher pattern on oil has now been completed. As such I am expecting a minimum pull back to the .382 level or around $32. This lines up well with the previous down trend line and is likely the next reasonable buying opportunity.
"CRUDE UPDATE"Time Window is there.....pullback or melt up to the Harmonic Levels......
Inside Day today possible forming.
UPDATE"ON POTENTIAL SUPPORT"ODDS FAVOR A BOUNCE...POSSIBLE RETEST OF THE LOW
OR FALSE BREAK DEEPER INTO THAT AREA.
POSSIBLE "PATHS OF PRICE"A BREAK ABOVE CAN LEAD TO TARGETS OF $45-$48 IF NOT HIGHER
OR ANOTHER NEW LOW TO $18-16
usoil $35.5 targetLook likes potential target of $35.5. Would complete bearish cypher pattern if reached. Price target also lines up with some long term downtrend lines.
CRUDE "WEEKLY VIEW"WEEKLY PERSPECTIVE....
26.06 - 23.80
MIGHT CAUSE A REACTION.....LOWER TARGETS OF COMPLETION ARE STILL IN "TIME"
$CL_F $USO $DWTI $UWTI $OIL $XLE $DTO $UCO $CVX $XOM $HAL $EXXI $SCO $ETE $XOP
One oz of gold gets you 46 barrels of OilMy bias is more for oil up than gold down over the coming months .$CL_F $GC_F $SPY
"25" IS THE MARKET BOTTOM THEY SAY........TAKE ANOTHER LOOKBe prepared for anything.....Markets can go lower and extend faster than most people think.
"25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
UPDATEFOLLOWING THE PATH...POSSIBLE SHORT TERM BOUNCE...PRICE ACTION MUST CONFIRM BUT STILL 26.60 LOOKS VERY POSSIBLE ON THIS SWING TARGET
CRUDE UPDATEINSIDE DAY INTO TIME.... FORMED A BEARISH REVERSAL....CAUTION AT THE BOX....
MANAGEMENT MODE
CRUDE OIL "UPDATE"$CL_F Probabilities of Price.....Laying out a Premise and waiting for "Price Action" to speak.
