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Showing posts from March, 2022

WTI Blow Off Top?

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 Take a look at the Fibonacci .62 relationship between the last leg up on the long term chart below and the preceding 1 thru 3 legs up from the 2020 low.     Monthly Bars                                                                  click on chart to enlarge Crowded I know,  the .62 extension is denoted by the dotted line here. The 6.44 low is a rolling chart low obviously.   Have to go to the hourly bar chart for the RSI to generate a negative divergence.  If selling into this run keep leverage low and beware your prime broker.  Just ruminating out loud not trading advice.