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End game to the oil rout, page-29

  1. eshmun
    11,185 Posts.
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    14/08/15
    22:10
    Post #: 15811841
    I know nordesmic thinks the futures charts are useless in predicting support levels for WTI but here are the daily, weekly and monthly CME Sept WTI futures charts. According to my very amateur TA skills the monthly and weekly MACD are showing no real sign of a turn so no "pile in" signal. RSI's are all saying accumulate in my book.

    Eshmun
    DYOR IMHO

    daily.PNG Weekly.PNG monthly.PNG
    DLS Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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