Trading with point and figure

47.75 to 48.00 first rez area...if it bounces
started a new downmove on 16th march
oil inventories later today

Oil WTI looking bearish to me....I don't feel the down move last week played out fully, think we could end up in 45 - 46 region. OPEC pronouncements having a limited affect...cry wolf and all that...lets see
 
Oil WTI looking bearish to me....I don't feel the down move last week played out fully, think we could end up in 45 - 46 region. OPEC pronouncements having a limited affect...cry wolf and all that...lets see


I reckon we have oil price warfare here. US piling pressure on OPEC agreement. Just a hunch but I don't believe they want it to succeed. :rolleyes:
 
Re cable we tested highs yesterday.

Today I think we'll test support.

:whistling
 
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