This stock is now forming a pattern that is similar to that at point 1, and a possible double top. It may likely be a good short set up. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
there is a very real possibility of oil trading in the 65 to 85 - 100 dollar range over the next 2 to 3 years. If WTI breaks out above 2.80 level it is likely the stock could return to its 9 dollar highs in 18-24 months
we could see a short term reversal in oil that could drive the price into the low 40s at this level some technical indicators would point to such. A possible 5 week correction bringing WTI into the 1.40s which at that level would present a major buying opportunity
Due to the mortgage delinquencies, the US dollar has been going down since yesterday morning. This could influence the price of oil. Also, the government plans to reduce the output of oil to stimulate the oil price.
Although the fundamentals tell us that the price of oil could go up soon, we still see that there are negative signals.
The MACD lines just went...
Welcome Hyperspace Agent.
This is an analysis of WTI OIL.
In order to understand where we are now, you must see the entire time-series of Part One.
Press Play first.. Then View Snapshots In Order
Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019.
If you skip the step above.. you won't understand... how i progressed to what I am...
WTI = STAY TUNED... $WTI Krohn Tracy W Bought 285,976 shares × $2.15 = $614,448 Share count: 47,045,101 shares ..
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
