Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Wednesday, 9 July 2014

#Crude Oil $Crude Oil #Trading

Oil gave an excitable bounce yesterday but then dropped to a new low, suggesting a 'b' wave up and now a new leg down. The support line at 103.68 failed again, so aiming for 102.035 to try longs again. Obviously, the 4hr wave is still bearish, albeit with price pushing a bullish daily wave, I am still hoping to catch a descent run upstairs in due course.
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