$70 OIL SHAKEOUT?

已更新
Most commodities seem to be preparing for a bull-rally but oil has been on a run of its own since February, rising 18% (from $58 a barrel to just about $70). However, the $70 price level seems to indicate potential weakness in buy-side pressure and may lead to the start of what might be a serious bear play.

Its quite tough to call a top, so here is a picture of what I think the possible scenarios are:

快照
注释
A bit more upside, but I think we are rising on very thin ice.

快照
注释
If this current momentum holds, the top may be confirmed.

快照
注释
Oops

快照
注释
Consolidation time

快照
Chart PatternsOilTrend AnalysisUSDWTIWave Analysiswticrude

相关出版物

免责声明