MCX Crude: Trading using Elliott wave counts, RSI but - TopicsExpress



          

MCX Crude: Trading using Elliott wave counts, RSI but SYRIA!!! CNBC, Aug. 27 Crude Bolstered by Syria Jitters. The conflict over Syria threatens to create new geopolitical fissures that recall the days before the 2003 Iraq invasion." Reuters, 7th September U.S. crude oil futures settled on Friday at their highest level in more than two years as investors rushed to buy amid concerns a possible military strike against Syria could cause oil prices to spike However, the chart below exposes a flaw in this logic, which is: Crude oil prices actually broke out of a multimonth triangle pattern above$100 in late June 2013, not in the month of August 2013 and provided the positive confirmation much before than the news came out........ To read more visit wavesstrategy/index.php/free-articles/commodity-energy-a-base-metals/578-mcx-crude-trading-using-elliott-wave-counts-rsi-but-syria.html
Posted on: Wed, 11 Sep 2013 13:52:43 +0000

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