Gann Analysis

I don't see the Oil Cartel allowing Crude to drop below $65/barrel.
Opec and Russia are not increasing exports to the U.S.
Canadian Pipelines are being shutdown.
OIL LEASES being cancelled.
the lobbyists in washington are pushing higher prices.

As I can see WTI chart meet some support (1x1) but I hope it can breakdown from here, Oil cheap is good for everyone


Cheers!

i agree cheap Oil is good.
you are making a good call. i thought Oil would never drop below $65/barrel.
but i think the Oil Cartel is still looking at the philosophy "Greed is Good".
and having no threat from washington, they can cut production and make their $100/barrel.
i think we will see volume growing in the Futures market(speculation) because the U.S. is losing its grip on OIL Production.
Russia is on-line withe the Saudis and other foreign producers, and the Anti-American rhetoric is starting once again.
Oil is not the only thing the U.S is not producing. Natural Gas a byproduct of drilling is also in decline.
we need to return to the previous administrations Energy Policies and Import/Export to pay down the federal debt
and also return to cheaper gasoline for consumers. sorry about the long sermon.

there are some beautiful time cycles today.

20 year Treasury and dollar dropping

looks like 2hour time cycles.
Eur/Usd

WATCHING those resistance and support levels

Dow Futures Spiking. Dollar not affected yet......

Gold crashing.
makes you wonder if money is moving out of Gold and into the market

WATCH the 20yr treasury.
if it goes positive, dollar will follow.
this will complete our EUR/USD CYCLE.

Not much economic news.
could be a slow session.

euro market makers making a move

the EUR started moving before the dollar.
could be taking out stops.

Treasuries have to reverse course.
the twenty year will rise
and more buying of the ten year.
dollar should fall.
the dollar usually runs in correlation to the 20 yr.

trying a little scalping action. long Eur/Usd

dow dropping
dollar rising . my long position in trouble.

10 year treasury rising
dollar should fall

my long position.
should i hold.
i was looking at a 2 hour cycle.
we should be reversing the dollar......

come on dollar, do a reversal.

eur/usd retreating to monday's price range.