Markets Index Crude Oil $66.21 up+1.13
Just made up my bar chart with my lines of math and geometry and comparing with the lines off my previous bar chart. Before I write any more, today, the pt.& fig.chart reversed up 3 sqrs.and will now try to breakout higher. I wish you could see my drawings. Crude has been in a trading range between $61, to hitting a high $67 four times and we could see a firth this week to $67. My bet it will go higher and time has run out to go lower. The breakout price is at $67.50, so watch it.
On the bar chart below, print it, draw a line from the $64.5 Dec.high and onto the $67.05 Apr.high, & onto the high $67.10 June high and that's the resistance line crude must get over for the break-out. Target $69.00, and next, $72.90. My last report was a mth.ago since crude got stuck in the trading range and held up well when I was expecting a drop to $57, that did not materialize due to the rise in the US Dollar. which I forecast correctly off 81 low, with target at 83, not hit yet.
Gold $671 is trying to run higher,
Charlton Capital Ltd. Mr.618. Web www.Markets618.com
http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=1&mn=1&dy=0&id=p28817828704