Although DWTI (3X inverse crude ETN) do not really depict the exact inverse co-relation of the crude oil (in red) but i do notice that it is just about getting euphoric base on my emotional indicator.
I suspect a final celebration of around 130 which also means that crude oil would take another K.O. punch from the bull before a retracement (be it weak or strong)
Whether or not DWTI needs to develop another higher high with bearish divergence in MACD (just like the previous bullish divergence situation) for crude oil to finally pick up the real bullish pace remains yet to be seen as it takes months.
I suspect a final celebration of around 130 which also means that crude oil would take another K.O. punch from the bull before a retracement (be it weak or strong)
Whether or not DWTI needs to develop another higher high with bearish divergence in MACD (just like the previous bullish divergence situation) for crude oil to finally pick up the real bullish pace remains yet to be seen as it takes months.
