Thursday, 11 June 2009

Nymex-- Week 23 Moo River Watch (7th Jun to 13th June 09)


Daily Nymex Crude (July) Bun (10-Jun-09)

Renko Study

Quarterly: what a bounce and there has been no pullback there, definitely a V shaped rally so far;

Monthly: ditto;

Weekly: it has some sort of rounded bottom shape there and it bounced up once it penetrated the neckline there near 5520.

Daily: I think we are the most lethal impulse Wave 3 at the moment, and there is no stopping signs yet;


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