Markets - Crude OIl $80.15 dn-1.51 p&f chart.
Note: Remember to read my weekly Market Timing for updates on Crude Oil
forecasts. Also, Gold, US Dollar, and N.G.
I have been away from 14th to 27th Sept.in Columbia, Bogotá.
Last report was dated Sept.4th then prices at $75.08 up+1.04 and I wrote:-
"Bar chart, here below for Crude, shows it is rising swifter than the previous
rise to $78.77. That price should be exceeded on this rise. Target $79.90.
Take a look at the MACD below, the buy signal came in right at the end of
August and just three days ago, broke above the 28dma. Don't be short".
That report has been posted on the web site. So go and read it and this
service forecasts the future not the past. Everyone can talk about to past.
Here, this time round, below is the p&f chart that reversed down 3 sqrs.
today. But remains very bullish with no sign of making a major drop, yet.
Have drawn the bar chart, that too shows further strength with yet another
high at $92.60, some time in mid December. Right now, the top channel line
has resistance at $85, when it should back off with support at $75 then take
another try to go to math chart target at $92.60. I shall follow and report here
if this forecast changes. Keep your eyes on the charts every day and MACD.
E-mail group immediately, and on the web site later. P&F below.
Charlton Capital Ltd. Mr.618 here.
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