– Unusual high volume within a down trend guarantees much lower levels
– Major failings within multiple inside formations, including the main
– Technically speaking this is an absolute disaster unfolding here with strong support only waiting at old support bottoms, reaching all the way back to pre-turn of the millennium prices
– Will guaranteed break below both inner and outer triangle tips and build up renewed support from there
This analysis has been precisely calculated through the thinkorswim platform which has the furthest backward data for commodities (and everything else). Lines and connections were made using step-line on linear for higher precision. If you're trading oil futures, get ready for a rollercoaster ride.
– Major failings within multiple inside formations, including the main
– Technically speaking this is an absolute disaster unfolding here with strong support only waiting at old support bottoms, reaching all the way back to pre-turn of the millennium prices
– Will guaranteed break below both inner and outer triangle tips and build up renewed support from there
This analysis has been precisely calculated through the thinkorswim platform which has the furthest backward data for commodities (and everything else). Lines and connections were made using step-line on linear for higher precision. If you're trading oil futures, get ready for a rollercoaster ride.