InvestorsHub Logo
Followers 691
Posts 147007
Boards Moderated 34
Alias Born 03/10/2004

Re: DiscoverGold post# 1847

Friday, 03/18/2016 4:51:09 PM

Friday, March 18, 2016 4:51:09 PM

Post# of 1958
Is Crude Oil Nearing Recovery Rally Exhaustion?
By MPTrader

* March 18, 2016

Nearby Oil has traversed its Feb-Mar bullish channel again-- to the upside off of Tuesday’s pullback low at $35.96 into $41.00-$42.00 area-- the upper-channel boundary zone.

Let's notice that this new high is unconfirmed by my hourly momentum gauge, which is a warning signal that this week's near-vertical up-move is nearing exhaustion, ahead of another bout of weakness.



https://www.mptrader.com/middayminute/

• George.

Click on "In reply to", for Authors past commentaries.

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• gtsourdinis

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.