"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, November 16, 2011

WTI Crude nearing target

From NFTRH159 (Oct. 30th):











Here's today's action:
















Close enough to target for me to get bearish.

http://www.biiwii.blogspot.com
http://www.biiwii.com

at 11/16/2011 10:11:00 AM
Labels:

4 comments:

  1. War is brewing in Sudan, and people are nattering about the threat of an Israeli attack on Iran. Supposedly there's also something about the WTIC-Brent spread evening out for some reason or other.

    Then again, are you getting confirmation from your deflation signals?

    ReplyDelete

  2. Noise. WTI has targeted 104 and that's all the dumb chart guy knows.

    ReplyDelete

  3. For some reason I am reminded of Sergeant Schultz....

    ReplyDelete

Subscribe to: Post Comments (Atom)