andrein

andrein

looks to me there's a divergence on SPX, and for a few days now it's testing all-time highs. after earnings' period is over, there might be a fall, quite big.. short @2182, sl 2198, tp 2115 and lower

andrein

seems to me there is a divergence regarding recent lows, my bet it will bounce for now to 32-34$, and maybe then another try lower to 22-25$ RSI divergent, MACD lower price but not a lower bar than recent lows

andrein

wti is close to breaking the triangle, downwards > that would open anoter bottom reach and most likely bears will push it down, to reach a final minimum <$40. there is the buy opportunity, and wait patiently until $60+, as downward possiblity limited to the $30s. RSI also divergent on the 3h chart, and daily also bearish. plus, USD is up, and will go upward some more.

andrein

From a fundamental point of view, US Crude has moved with the Dollar since last fall almost on par. Considering the USD will go up again with the latest job numbers, rate hike (most likely an announcement will be out sometime soon - 2-3 months and problems in Europe (Grece, Ukraine), and considering the underlaying fundamentals for Oil haven't changed, I'd say...