OIL - Update before inventory data

23 mar 2016

Just as I thought the 200 EMA had stopped the price for a couple of days...
Today is a very important day. After today's inventory data we will see the next 2 weeks' direction.
AND I THINK IT WILL DISAPPOINT THE SHORTS AGAIN. :)

If the oil inventory data is down we will broke above te 200 EMA and stop out all the shorts again (my bets are on this ) - green way. And we start moving to the 300 EMA
If the inventory data is down we start to move down into the DCL.

I highlighted in the blue box where I wait this daily cycle low and when...

I got a few messages to update oil every day it seems I'm one of the very longs here.
Who wants a daily update please hit the like button and I see there is a demand for it. I will post every day , because this is the possibility of this decade....

Good trading !
Oil inventory data today at 10:00 EST

24 mar 2016

Nota

OIL is printing a reversal on the 4 hours chart - bouncing from the 100 EMA.
I think we will try to break next week the 200 EMA - on the daily chart- again.
It's a bit too early for the move down to the daily cycle low.
If we can hold the reversal this level at 38,50 will be a strong resistance...