BradMatheny

OIL Top?? Might be headed to below $60 soon.

Corto
NYMEX:CL1!   Futuros de Crudo Ligero
If you think this move in the markets is enough to rattle your nerves, imagine what a move lower in OIL would do to the markets? OIL has extended nearly 100% beyond recent price rotation and has setup a nearly perfect rotational top pattern. If is my opinion that OIL will likely rotate lower towards $60 in the immediate future while the US majors rotate through a congestion phase till they find a new peak near March 15. Time to short OIL?? Might be the perfect time to short OIL.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.