buy channel close look at May

Drag this chart it will blow your mind if you see how many times Oil has found the top of this buy channel and retreated or touched bottom and advanced.  This chart not only aids in recognizing trends but is a valuable tool  for  market timing. There is a school of thought that technical analysis factors in all economic and fundamental data and it is all you will ever need. Forgive us as we will keep an eye on everything and anything and make our own assesments cross-checked against technical analysis. Sunday night i made you $750
so far today i warned you not to  buy (and it dropped 80 cents)despite futures gap up which may have trapped some. May oil has pulled back to 51.70 it will probably bounce so we could nibble on a contract here from the long side- that being said caution is the watchword use stops 1/4 point away
we will win far more than we lose but when we are off do not lose more than a quarter. you can see this buy channel and we are closer to the top 

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