Courtesy of Read the Ticker.
Is now the hour to nibble at the falling crude oil price?
Previous Post:Is it time to get long crude oil?
To answer this question, consider another stock massive sell off. The gold stock Newmont Mining (NYSE:NEM). In the first chart we have seen some ‘Change of Behavior’, which has yet to be seen in Crude Oil, so unless there is a ‘V’ bottom in crude, there are many month to go before the retail investor should considers investing into Crude Oil.
Click for popup. Clear your browser cache if image is not showing. 
In the chart below, no sign what so ever that shorts are covering with any strength, or demand is punching in at the lows. Sit back an wait! Fundamental article here may interest you.
Click for popup. Clear your browser cache if image is not showing. 
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
…”Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics.”…
William D Gann
..”It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong”..
George Soros
..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..
Spike Milligan
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
