Replies to post #450893 on ORIONS Money Stocks

[AugustaFriends]

Good morning

[AugustaFriends]

Honestly the week closed on mixed signals. It’s a fight in which direction the overall market is going. The chart scans a I ran on oil stocks most are ready for next leg .. as I stated last week they needed a breather

[AugustaFriends]

$WTIC I just did like 10 different charts and it's a battle - no clear direction which way it's going?

Will need some kind of news to guide.

There is a GAP at $22.50 area also,

possibility on weekly charts we may see $47

[AugustaFriends]

Oil stocks as stated before most are on track daily and weekly charts -- Based just on charts they are ready to return to last week's highs =

NOTE: My concern is the $WTI itself ..

[AugustaFriends]

Dow futures drop 400 points as Wall Street set to extend last week's sharp losses
The overnight action in futures market followed a big pullback last week.
Read in CNBC: https://apple.news/AJEvXlw1MTEyRMljqyetDzA

[AugustaFriends]

$WTIC Oil must hold $34.50 it's testing that support twice now and each time a few pennies lower. The MACD crossed down and Full STO dropping, might come much lower to next support at $27

Note: This market is so crazy that any NEWS could make it run.. the fun of trading in 2020