TimZhang

TimZhang Updated 

Be careful. The recent trendline broke, target 34

TimZhang

Strong negative divergence, look at money flow.

TimZhang

This run is over, high distribution, high negative divergence.

TimZhang

In at 18s, looking for a nice run in the next 2/3 weeks when oil is pulling back.

TimZhang

usually price chart follows, price trendline break follows.

TimZhang

If $37 breaks, RSI is already pointed down

TimZhang Updated 

Would it head down from here or keep going up? Would it break the recent uptrend channel? Stochastic RSI is heading down, the downtrend line needs to break. Watch it closely for tomorrow.

TimZhang

Technical indicators, downtrend line, previous support/now resistance line

TimZhang

A close look at crude direction. Daily Stochastic RSI is heading down, but money still stays in.

TimZhang

Could head to $2.90 soon.

TimZhang

FCG pulled back from 100 day EMA at 4.70, after some consolidation, a break of 4.70 easily head to previous support around 5.50, 200 day EMA is around 6.33. Good support around $4.

TimZhang

100 day EMA at $36.36 is serving as a nice support for the past three trading days, 20 day EMA is crossed over 50 day EMA, it is heading to 200 day EMA at 42.22

TimZhang

Previous resistance is now the support.

TimZhang

It's heading to 40, with the OPEC 3/20 talk, this one could go well above $40 by 3/20 if not sooner.

TimZhang

All goals reached, time to go short.

TimZhang

36.55 is the trendline, if breaks it could head to 38. otherwise, could go down from the trendline.

TimZhang Updated 

The two doji candlesticks show the weakness on crude, time to consolidate and pullback.

TimZhang

Resistance becomes support.