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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 8 January 2017

Crude



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2 comments:

  1. pebblewriter9 January 2017 at 17:29

    I think the CL chart, which suggests a break out, is actually deceptive. I don't believe TPTB will allow the rally in oil prices to continue, as it poses too great an inflation threat. CL has been used to goose algos ever since last February. With the anniversary of that 26.05 low coming up, today's 50+ prices run the risk of recasting the current economic stagnation as "stagflation."

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  2. Chartrambler9 January 2017 at 22:12

    Hi PW....I was actually thinking the chart looked a little bearish but was too lazy to post text :-) Certainly the doubling off the low is classic Gann resistance and the bearish reversal day last Tuesday....if it can break the tops at 52....

    hope you are well

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