Crude approaching Value Area LOW. Also 50 MA on 30 min chart.
RSI 14 at 50 mark. Might look to short again. We have a trendline
from the beginning of Crude down turn a little higher 50.40 or so.
Quite often Crude breaks a tend line and extends out of it a bit
and then breaks down again. That's why waiting for Steve's entries
work better than simply shorting or going long at lines.
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Crude approaching Value Area LOW.
Crude Oil Futures /CL As a guide looking for /CL to ...
Posted by zenman on 11th of Feb 2015 at 12:26 pm
Crude approaching Value Area LOW. Also 50 MA on 30 min chart. RSI 14 at 50 mark. Might look to short again. We have a trendline from the beginning of Crude down turn a little higher 50.40 or so. Quite often Crude breaks a tend line and extends out of it a bit and then breaks down again. That's why waiting for Steve's entries work better than simply shorting or going long at lines.