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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

Working The Levels

Raul3 Thu Mar 5, 2015 8:27am EST 2 Comments

Oil continues to throw down a methodical auction, moving from one reference point to the next. Heading into today, we are on the top end of the weekly range and bulls will have to muster some real strength to keep the commodity moving higher on the week.

Keeping prices above $51 is likely to bode well for the bull cause. Likewise, if sellers can pivot the market below $51 we likely see a quick reversion back to the MCVPOC at $49.13.

These levels are highlighted below:

QM_VPMP_03052015

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2 comments

  1. k_melancon
    k_melancon
    March 5, 2015 at 9:30 am

    Thanks for these – these analyses put meaning behind the charts and levels – very educational and appreciated

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