re:
Posted this chart on weekend thread but seems appropriate here considering T1 so close.
Important to note break of support out of channel so looking for next level of support which it may be at now. The cci has performed well as a buy indicator for oil. As the cci moved above 100 it entered nice uptrends so if you see the cci move above 100 it's a buy signal with $90 potential at the top of channel. If it does break down further I have inserted support levels. This could be a nice play to the upside when/if it reverses. Futures up, see what happens. Could it be heading to the upside. Trafigura keep watch and do not undersell the first load.
NDO Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
