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jeff@PivotalPivots.com 

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My Oil bottom call last winter

September 28, 2016

 

Last January I made some bold predictions on crude oil. When the Analysts at Goldman Sachs and several other larger firms  where calling for oil to go under $20 a barrel, I tweeted that WTI Oil would bounce off the Floor traders YearlyS1 Pivot point @ $26.85 on the Feb. cntc.

 The low of the year was actually at $26.05 intraday. Over a month period CL oil made an IHS pattern on the YearlyS1 Floor Traders Pivot.

 

 

 

 Then had rallied back up to the Yearly(P) Pivot in May. Price moves Pivot to Pivot.

 

 

 

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