Crude oil has been smashed, beaten up, worse than Rocky Balboa!
Yet we have a weekly cycle that has worked for 15 years, and it shows a bottom is to be expected in the months ahead. In 2009 we have 'V' reversal, and no one can say that we shall not get another 'V' reversal, who knows. We should start to see some short covering in 2015 Q1 and maybe a full blow short covering rally in 2015 Q2, we at readtheticker.com like to see a health base of accumlation form before we expect higher prices that will hold. One to watch.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
"Money is made in tape reading [chart reading] by anticipating what is coming -- not by waiting till it happens and going with the crowd." ~ Richard D Wyckoff
"It's not what you own that will send you bust but what you owe." ~ Anon
