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Wednesday, 20 February 2019
Light Crude Oil (WTI Oil): 20 February 2019, Wednesday, 11.11am Singapore Time
Light Crude Oil (WTI Oil):
20 February 2019, Wednesday, 11.11am Singapore Time
Attached is the Technicals for Light Crude Oil (WTI Oil). The continuation in uptrend is in progress. There is confirmation now. The uptrend is in line with the Super Root of All Funds Flow that dictates how energy markets and commodity markets should move up, and also in line with smart money funds flow in international energy markets (refer to past teachings). The left inverse shoulder is bullish accumulation, the inverse head being massive re-accumulation in line with funds flow of international markets and the right inverse shoulder as illustrated was the recent final re-accumulation using fear. The shakeout on weak-minded market majority of traders and dis-orientated investors has been completed (brown circled region). We are in for relentless all time new highs.
The Donovan Norfolk Technical Rating: Bullish with no end in sight for 2019.
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