Thursday, March 17, 2016

Updated Oil Chart

So far in 2016 I have had some good luck getting the direction of crude oil correct. On Jan 21, 2016 I suggested that oil was about to rally, then on Feb. 17, 2016 I showed that when a cluster of large rallies in oil happen they seem to occur at major bottoms. Finally, on Mar. 4, 2016 I posted a chart suggesting if $34 was achieved to the upside $41-42 was the target. Now I feel like pushing my luck with a new chart. A more bullish chart.


1 comment:

  1. • Crisil Q2 net profit up 9.3% at Rs 67.25 crore.
    • UltraTech to set 3.5 mn tonne plant in Madhya Pradesh for Rs 2,600 cr.
    • Jet Airways may lease out ATRs to TruJet.
    CapitalStars

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