Showing posts with label WTI. Show all posts
Showing posts with label WTI. Show all posts

Thursday, 8 August 2013

WTI looks strong but is it running out of steam?


I do enjoy seeing the technical analysis work quite brilliantly at times. Perfect example of this shown by the breakout of the ascending triangle.  Height of the shape gives the projection plus level of breakout, so $10+$98=$108, which is exactly the level the rally stopped at! Phew at least some of the jibber I come out with is marginally useful.