smitheric1970

smitheric1970

Markup in crude over the next month. Retrace back to the 56.51 (future magnet) - following this markup, crude will mark back down to new lows - see Donchian chart link.

smitheric1970

There is no trade setup in this particular chart - just pointing out the distribution area

smitheric1970

See details on chart. This is only an observance. Though, I am quite bearish on oil.

smitheric1970

Resuming longer term uptrend - See chart for explanation

smitheric1970

Additional Views to my previous charts. All the same pricing structure.

smitheric1970

Showing lines of support (bounce) on the way down. See previous charts for alternate views

smitheric1970

Update on my previous Oil bearish resumption chart showing lower support line

smitheric1970

The downtrend is still intact until the upper trend line has been broken. Rapid pace oversold conditions have now resolved and reached 2014 upper trendline resistance. U.S. Interest rates, although moderate, will most likely come to fruition this year. OPEC will continue to flood the market for market share.

smitheric1970

The chart explains my thoughts on declining coffee prices. There are many that feel extremely bullish coffee fundamentals are in the works and that we will see prices of 3.00 soon. I disagree, please post your thoughts, I'm interested in hearing all ideas and arguments. \ Good trading all! Eric

smitheric1970

Lines technical and fundamental as I see 'em...