among other things (like most instruments) it depends on yer timeframe, too on a 5 yr weekly chart , crude is clearly in an uptrend, and pretty much has retracedexactly at its trendline now, which offers a decent risk/reward entry for the trend-following type of trader
Ok, say 3 months! We've been done almost every single day in the past 3 months. Are we putting in a low in the next 3 months just based on the violent action of today's close?
I already started a thread asking the same thing before you did. Why start another thread? http://www.elitetrader.com/vb/showthread.php?threadid=79824
Coz no poll. I am interested in knowing what people think about the rally. Please start a poll in your theard then we can close this one down. Thank you!