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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (13136)	6/2/2015 10:26:25 PM
From: longz	Read Replies (1) \| Respond to of 202413

man that Eric guy looks like 19 years old!

To: Goose94 who wrote (13136)	6/7/2015 1:04:18 PM
From: Goose94	Respond to of 202413

Marking the First Anniversary in Crude Oil’s Decline Crude Oil is the engine of nations. On June 13th, 2014 crude oil peaked and started a precipitous decline. From an intraday high of $107.68 to a low of $42.41 it has been a painful ride for energy companies and the oil and gas service sector. A double bottom $43.58 and $42.41. There was positive divergence with the MACD making a significantly higher low up near zero on the second low. Price action continues to be under the 200 DMA a year later. We are testing that area now, which gets closer every day as the 200 DMA comes down. After breaking through resistance at $54, we have consolidated sideways. Price action has been between $56 and $62 which is a range of 10%. We have failed to make it back to a Fibonacci retracement level of 38.2% in a year. That level sits at $67. Greg Schnell, CMT