Market Curiosity: Exploring Markets And Systems

August 29, 2013

Crude Oil — Looking to short soon

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 5:30 pm

– Commercials appear to be near record short.
QM weekly COT aug 29 2013

– Jeff Clark, excellent trader, suggests a small rise of about $5, then that could be it. But that could fail and things.

But as the price of oil approaches the $113 target level and the threat of military action runs its course, oil is likely to form an important intermediate-term top.

– CCI’s looking weak.
qmv13 aug 29 daily 2013

– Cycles point lower too.
CL cycles august 29 2013

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