Been trying to investigate all the time frames to see if I could find any support for oil going above 70 to 80. Based on charts it doesn't look like it. The bounce we had at $66, once oil peaked at 75. That bounce did get us above 70, but was quickly stopped. The 2nd attempt was even weaker. Therefore, based on the charts over the weekend, it now looks 62.50 the original target is back in play. Not sure fundamentally why oil would sell off, It could come as a result of some correction in the st
All i can say that having run 1000s of models with many sub combinations, this week alone,it has made me a much more accurate trader, something that may have taken me 20 years to learn, i cut down to 1 week, since i learnt that what I thought was a really good way to enter or exit, I have now found much better ways, and not only better but safer, or higher probability trades. Whether i will ever use these programs I have no idea, I first need to test them live, to see if in fact those results