Crude Daily Chart

The indicies are already off to the races, and its looks like heading to our sentiment targets.

Take a look at the weekly energy sector. This is still lagging while indicies is strong.

This is just the excuse the indicies need to go even higher in the coming weeks. Take a look at the energy sector below. This is extremely oversold, and is highly likely a rally comes very soon.

daily crude chart

With crude being a likely candidate for energy. The weekly crude chart is quite oversold, and looking ripe for a nice rally soon also. Crude right now is at $88 a barrel. But it is highly likely with indicies crude will rally up in the coming weeks to a target of about $99 - $100 a barrel if you look at the chart below. That is highly likely anyway. :-)

daily crude chart

With the energy sector so oversold and crude on the weekly chart also.

Look at these two charts, this trade should work out quite well in the coming weeks, as indicies are likely to climb also, and a rally in energy should help lift the indicies to our targets.

Time will tell.

Happy Trading :-)



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