NYMEX:CL1!   Hadapan Minyak Mentah Ringan
I think oil             is set to blast off. The indications are clear in the prices but I also think fundamentally - not based on the current ratio supply and demand of oil             necessarily but in the geopolitical uncertainty that lies ahead. If the USA proceeds with "defending" the South China Sea as promised by the leadership, we will see oil             prices react.
Thank you for your analysis; regarding volume; one item to note is that you'll see a lot of the volume from the 1/16 weekly candle show on the CLH7(March) chart that will not show on the continuous chart, as prices rolled into the March contract that week. In other words, CL1! will not show the correct volume from that week.
Balas
fallingumbrellaman smitheric1970
@smitheric1970, thank you I did not realize that.
Balas
Oil has has a chance to blast off for 2 months and it can't. Flashing lots of warning signs.
Balas
@dh55, I have a lot of patience when price is above the neckline. Will re evaluate if it drops below.
Balas
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