SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Davy Crockett who wrote (17797)2/25/2016 1:35:00 PM
From: The Ox1 Recommendation

Recommended By
Davy Crockett

  Read Replies (3) of 33421
 
Welcome back, DC!

As I see it, oil is still in the down trend but showing signs that the long decline may be ready to base and eventually move higher. When trends are this long and strong, it's wise not to go against them "too early" (as you noted). The month long base is in place for a rebound but that's not to say it's a given. A fairly tight stop would be my view but to each their own!!

Here's a chart from another thread. It is only one of the charts I use when referencing crude prices but for "demonstration purposes" it defines the current status of the oil price trend very clearly:

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News