Tuesday, August 7, 2012

Crude at a critical juncture

Crude is about to break out to the upside but the break needs more confirmation.
At this stage Crude is Overbought but could but not to a massive degree, which leaves room for both ways.

Crude is also highly correlated to our VixOsc that is still bullish, so we assume that Crude could run further within the positive seasonal timewindow. 






No comments:

Post a Comment