Replies to post #23974 on Short Term Trading Member Forum

[airedale88]

chart edited on....

yeah sent. posted some charts while ago. first 20 wk cycle low coming in on crude's last nominal 78/80 wk cycle of the 4.5 yr cycle. final low is not till late 2007, a nominal 9 yr nest of lows.

[TL Trader]

Crude (QM)

Today's price/volume action certainly has the makings of a reversal. If today's high is taken out with any "gusto" then I'd look for at least a test of the 61.60 area.