• 19 hours How To Spy On Yourself: The Doorbell To End Civil Liberties
  • 2 days Analyst Predicts Tesla Stock Will Soar To $500
  • 3 days Australian Billionaire To Invest In $88 Million Struggling Solar Project
  • 4 days Twitter-Shaming: The Biggest Threat To Any Business
  • 4 days Canada Looks To Become A Major Source For Critical Minerals
  • 4 days Hedge Funds Are Piling Into This Key Commodity
  • 6 days Trade Deal Not Likely Before Christmas 2020
  • 6 days America's $16 Trillion Debt Bubble Is About To Burst
  • 7 days Black Friday Breaks Online Shopping Records
  • 7 days Tesla's Biggest Competitor Is Hiding In Plain Sight
  • 8 days Are Celebrities Good Or Bad For Cannabis Stocks?
  • 9 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
  • 10 days Elon Musk Claims 250,000 Orders For Cybertruck
  • 11 days How To Survive Thanksgiving Politics With Cannabis Gravy
  • 12 days The Fragility Of Monetary Policy
  • 13 days 5 Oligopoly Stock Picks For Your 2020 Portfolio
  • 13 days $7 Trillion In Unfunded U.S. Pensions As Domestic Debt Hits A Record High
  • 14 days Retail Is Alive And Well, But Only For The Rich
  • 14 days New Tech Could Unchain The Solar Revolution
  • 14 days China's Boldest Move Yet To Ditch The U.S. Dollar
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Crude Oil How Low Will it Go?

Margin Call

We have a 'cause' in crude oil, those Wyckoff traders shorting it will have price targets, which are shown below.

Crude oil price is very important, for one (not all) reason DEBT is held by those companies involved. As the price of crude falls the debt risk of default goes up!

The last 18 months has seen a consolidation which has disappointed the the bulls, in fact the bears may have built up shorts. Wyckoff traders trading the downward break out will have targets, as shown below the easy (RED) and hard (PURPLE) targets are shown using the Richard Wyckoff (or Bob Evans) PnF count guide method. This method has been used by Wyckoff traders for 90+ years. The price targets are just a guide to see if demand arrives that may or may not halt the down trend.

Now we watch and wait to see how the liquidation unwinds. Every one has pop corn right!

Crde Oil Daily Chart

Investing Quote...

"After years of patient study I have proven to my entire satisfaction as well as demonstrated to others that vibration explains every possible phase and condition of the market." ~ William D Gann

"Don't try to buy at the bottom and sell at the top. It can't be done except by liars." ~ Bernard Baruch

"The key to making money in stocks is not to get scared out of them." ~ Peter Lynch

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain

"People somehow think you must buy at the bottom and sell at the top to be successful in the market. That's nonsense! The idea is to buy when the probability is greatest that the market is going to advance." ~ Martin Zweig (The inspiration behind a number of Martin Zweig's methods came, from Jesse Livermore).

 

Back to homepage

Leave a comment

Leave a comment