Crude Oil Cycle Looks To Bottom

Crude oil has been smashed, beaten up, worse than Rocky Balboa!

Yet we have a weekly cycle that has worked for 15 years, and it shows a bottom is to be expected in the months ahead. In 2009 we have 'V' reversal, and no one can say that we shall not get another 'V' reversal, who knows. We should start to see some short covering in 2015 Q1 and maybe a full blow short covering rally in 2015 Q2, we at readtheticker.com like to see a health base of accumulation form before we expect higher prices that will hold. One to watch. 

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Investing Quote...

..."Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe."...
William D Gann

..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”.. 
John Templeton