yep, to be expected and another big dump in the US Dollar.
For crude it was very overbought with RSI on the daily and
the 60 min chart showed negative divergence yesterday, so a
pullback makes sense - otherwise the MACD is very strong on the
daily which means a pullback may just form a higher low flag and
then push again? We'll see, the 13 EMA and 20 SMA would be first
targets of a pullback
yep, to be expected and
WTIC
Posted by matt on 11th of Jul 2013 at 04:06 pm
yep, to be expected and another big dump in the US Dollar. For crude it was very overbought with RSI on the daily and the 60 min chart showed negative divergence yesterday, so a pullback makes sense - otherwise the MACD is very strong on the daily which means a pullback may just form a higher low flag and then push again? We'll see, the 13 EMA and 20 SMA would be first targets of a pullback
Thanks Matt, great guidance as
Posted by isplat on 11th of Jul 2013 at 04:15 pm
Thanks Matt, great guidance as always from BPT.