US Crude Oil with smart VSA and Dark Seasons [only]

Knew that whole rally was bs. This thing's going way lower. Likely will see $35 this yr

Surprise surprise.... don't be surprised to see this thing sell off massively now that almost 80% are long again.

Global oil prices reversed course and took a hard fall in late trading on Wednesday after the release of the US EIA inventor report. World oil prices fell on Wednesday after the four prior sessions of gains. Traders focused on the ongoing climb in oil supply after the release of weekly inventory data. US crude stockpiles rose by 6.3 million barrels last week to a record 413 million barrels. Brent crude fell by $2.99 or 5.2 per cent to $54.17 a barrel while US Nymex crude fell by $4.60 or 8.7 per cent to $48.45 a barrel.

A rebound in oil prices fizzled out as the contract for U.S. crude dropped 8 percent to $48.88 a barrel. The government reported that crude inventories jumped last week. Oil prices rebounded in Asia on Thursday but gains were capped as the euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply, analysts said. Crude oil is trading at $48.73 and Brent oil is at $54.69 in the morning session.
Oil prices tumbled 8.7% on Wednesday, halting a robust four-day rally, after data showed that U.S. crude supplies had climbed to their highest level in about 80 years. U.S. crude-oil supplies rose by 6.3 million barrels in the week ended Jan. 30 to 413.1 million barrels, the U.S. Energy Information Administration said Wednesday. Analysts surveyed by The Wall Street Journal had expected a gain of 3.7 million barrels. Stockpiles are at the highest level ever in EIA weekly data going back to August 1982. In monthly data, which don’t line up exactly with the weekly data, inventories haven’t been this high since 1930. Gasoline and distillate inventories increased as refiners’ boosted throughput, data from the Energy Information Administration showed on Wednesday. Gasoline stocks rose by 2.3 million barrels, compared with analysts’ expectations in a Reuter’s poll for a 67,000-barrel gain.


I dont expect any long term bull-ing until more people go out of business... namely after wti cracks $40

H4__SMA(111)
H1__SMA(555)

These might help.. Some support on these lines..

Lately, I've been busy on some serious Gold related project.. This could take a few months.. Here I take my focus off Crude and here it shoots to the peaks..

Another full of shit crude oil rally. going to get sold off once again ..

I believe we will see another rally

I expect sluggish moves by Bulls next week.. thereafter nice correction on way..

Any here could post CL Oil futures chart.

Daily and intraday

Expecting another drop toward 50 and below early this week.