Thanks Rhodes and Mitkye for chart posting tips.
This is the Monthly Crude oil chart. First swing down bounced off the 50% before posting a lower high. Previous swings to lows have been 7 and 6 months long respectively. Current swing is in its 4th month.
We have currently bounced of the lower bollinger with lots of horizontal support nearby so Rhodes you could be right.
Just some food for thought.....feedback would be appreciated.
Thanks Raider2
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