• 747 days Will The ECB Continue To Hike Rates?
  • 747 days Forbes: Aramco Remains Largest Company In The Middle East
  • 749 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,149 days Could Crypto Overtake Traditional Investment?
  • 1,153 days Americans Still Quitting Jobs At Record Pace
  • 1,155 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,158 days Is The Dollar Too Strong?
  • 1,159 days Big Tech Disappoints Investors on Earnings Calls
  • 1,160 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,161 days China Is Quietly Trying To Distance Itself From Russia
  • 1,162 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,166 days Crypto Investors Won Big In 2021
  • 1,166 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,167 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,169 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,169 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,173 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,173 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,174 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,176 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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