WVAPS
Quick note to pay attention to Weekly and Monthly VWAP - the markets clearly do.
Ironically the least important VWAP was the daily in todays chart.
Crdue
Crude still in down trendLooking at this 4hr chart it is clear that bears are in control as there is nothing at all to indicate a change of trend. In fact it looks like crude could fall even further to the late 30's or early 40's looking at the Fibonacci channel 0(34.18). The reason I chose this channel as the first point of reference is that it signified the base line to which the market plummeted from in August 14. To get a long signal here we need the channel to form a bullish base. Maybe a reverse H&S could support this or a broad base of some description, but at the moment. enter long ye who are LONGing to be cannon fodder.
