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Swing Trading with Raul3

Raul3
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Buyers on Defense in Oil

Raul3 Mon Mar 2, 2015 7:51am EST 2 Comments

Oil has been spending some time negotiating its micro-composite VPOC. There have been seven aggressive attempts lower from the level and each has been met with responsive buying. $48.60 and below has been the territory inhabited by responsive buyers.

If they lose their responsive aggression below here then we may see a leg lower. Otherwise, we continue holding this VPOC:

Levels:

QM_VPMP_03022015

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2 comments

  1. matt_bear
    matt_bear
    March 2, 2015 at 9:06 am

    rally ’round the family…with a pocket full of shells.

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    • Raul3
      Raul3
      March 2, 2015 at 9:16 am

      some news out of Iraq behind that move, some kind of dealings

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