Weekly Crude Forecast (1-5 May 2017)
Crude made a low again after getting high, but is now ready for a big up move again. Points to be considered :
1. In Fib Commodity Strength, if green line becomes positive, then can be a big up move.
2. Blue and Green (short-term) not showing any up movement in last two red candles but Red(mid long) has shown up movement in red candle, and maroon (long term) has shown no significant move.
Therefore one can wait for a day or while.
3. In FibMA, crossover of red and maroon would be bad for bull, for now.
4. Previous pattern most likely to be followed.
1. In Fib Commodity Strength, if green line becomes positive, then can be a big up move.
2. Blue and Green (short-term) not showing any up movement in last two red candles but Red(mid long) has shown up movement in red candle, and maroon (long term) has shown no significant move.
Therefore one can wait for a day or while.
3. In FibMA, crossover of red and maroon would be bad for bull, for now.
4. Previous pattern most likely to be followed.
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