ajtj99's Market Pulse

[ajtj99]

On the weekly WTIC we've got a triple negative divergence on the faster PPO and MACD as well as the ADX pulling back from a spike high. That's the kind of thing that makes me believe we've hit a local high if not the high in the price of oil:

http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]waclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c10...

On the daily chart there's a gap at $60 which may be filled near term, but I'm kind of doubtful about the prospects of a new higher high:

http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b200!f]...