The New CS Board

[dindindon]

>> Oil now at $50 Bucks ?

Carl, Again With the Crude?!!
December 29, 2014 at 05:12 PM | written by Carl Swenlin
http://stockcharts.com/articles/decisionpoint/2014/12/carl-again-with-crude.html
The key to support for USO will be where crude oil ($WTIC) finally bottoms. The bottom panel on the chart below shows a support zone between 50 and 35 where it is reasonable to assume that the decline will end.
Conclusion: Today's breakdown tells us that further decline in oil prices is pretty much assured. The first obvious support for $WTIC is around 50.

The DecisionPoint Trend Model Picture for 2015
January 02, 2015 at 08:52 PM | written by Erin Heim

http://stockcharts.com/articles/chartwatchers/2015/01/the-big-picture-for-2015.html

Given the very negative configuration of the EMAs, DecisionPoint remains very bearish regarding oil.