Long term retracement. Sidelines.
Komen:
Looks like we will trade 42.60's tomorrow on openning bell
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Komen:
Looks like we arrived.
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Now I have to evaluate further implication. Maybe a dead-cat bounce next week a further fall. I would recomend visiting @Viking83 post. He is a good guy and very inteligent.
Balas
If today closes as an engulfing green candle, which I think it may, I think the short may be over and there will be a lot of people trapped down below who were expecting the 43.75 and 42 in line with sentiment.Do you know what I mean?
Balas
@tbuckle, markets tends to make keep sidelines then make an inverted U and in the correction of such inverted U they tend to fall more than previous movement to the inverted U.
Balas
@tbuckle, I think it must cloase two gaps ... between 43.78 and 42.20. Somewhere should stop the free fall. Next week we will see gasoline inventories. Oil need some hot weather.
Balas