Crude Oil Charts
I don’t understand the new instruction about posting charts and linking the media. Until I figure it out, here are some links to the charts in stockcharts:
I don’t understand the new instruction about posting charts and linking the media. Until I figure it out, here are some links to the charts in stockcharts:
Hi Mark,
Attempting to add the charts in for you…
auDept
Mark great chart. If you draw another blue line below AROUND 25 THAT WILL BE THE FINAL FINALLY FOR OIL.
Oil may bounce to the upper pink line and head down in a month or two. Around 25 was a major breakout in 1990’s.
Yes it is a great similarity between the two wedges.
I don’t think we can discount that current levels are supportive seeing that it’s an important multi-decade support/resistance level and we have positive divergences. Only if these levels break down would I consider $25. Everyone in the press is talking about $25/bbl oil to come…..heck, even my day is telling me that. 99% of the people are never correct in the SM.