Oil spike ?

please comment

 

Well I don't know, what are you basing this on? Fibonacci, candle-stick patterns, or tea-leaves & palm reading? All of these give same insight.

Maybe we should throw in constellation readings too, just to be sure.

 

I am long CL in a sim account based on some moving average combos I am working on...it should go higher according to this system...but how far or if at all no one can tell.

 

I always consult my Magic 8 ball. It never fails.

 

I think the shade of blue you chose for the arrow line is lovely.

 

Just because it's news doesen't mean it will happen. They are politicians after all.

 

I don't see any big move on the near term horizon.

 

NO SPIKE !

it has been moving with ~5% day range for the past few days.
it will continue to do so for the next x days.
also day chart shows converging triangle formation.

 

day chart shows converging triangle formation