Trading with point and figure

oil..wti

awq2kg.gif
 
Latest position, still a mixed bag imo

Rumour of an oil production cut doing the rounds!!
 

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range is getting squeezed on spx chart
a strong supp area /green cluster
some upside failures
dont think its wti now..think it could be China
any opinions ??
either that supp gives and becomes res
or we break higher
should mess around first
 
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1840 chart starts getting nasty..plenty of supp into that area
1872
1864
1856
1848
rest starts at 1896
1904
1912
goin either way
 
US delay in opening a couple of hours due to snow!

Floor traders not auto trades
 
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Base there @ 670 area, then we took off with the oil story and back down as Iran said they want to increase their mkt share!!!
 

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