If any of you followed my trades, you would of made some money by now. The streets are in fear now, and its time for you to be greedy. Most supports are broken, sentiment is bad, economy is bad. Short next major down leg should be when 20EMA crosses 150EMA. That would be substantial
Since my last post, i stated that it had difficulty going past 46.20. If that fails that we are clear in the downtrend and we should short. Target is still 41.61 now. Action would start and the fall will commence significantly when the 20EMA crosses the 50EMA. Good luck trading.
Last min effect from Turkey pushed WTI up, but it is on low volume. Again its been a hard day for WTI to go through resistance substantially. Still maintaining a short, target 41.61 and beyond. Gasoline stocks are beginning to stock up and affect crude, fake demand was from refiners stockpiling crude, but now it doesn't matter what data of economy shows....
Bearish Development, Breaking Support levels, Standby for EMA200 Short from here.