Possible Inverse Head & Shoulders Patterns In The Commodities Space
Indices:
Oil:
Copper & NatGas:
Looking further ahead and *entirely* speculatively at this point, there is a possibility, as SilverFox pointed out, of larger inverse H&S patterns being formed if the targets on the above were to be reached, correct, then rally again. Here’s an idea of my thinking with $WTIC:
Very Nice JL
This could be Huge
Maybe, but I suspect we’ll have a curve ball thrown at us somewhere along the way.
Yes, great compilation…
Well that really puts things into perspective. Can’t kill this thing. I think its just inflation pure and simple. Deflation has been rung out. By the time the dollar really starts rising again, “stuff” will already have been inflated dramatically.
Nice, wow these are all setting up big time.
Christine Hughes, a Canadian analyst is someone I respect & her calls have been solid.
https://www.youtube.com/watch?v=EMM3nikrvmI
This is about emerging markets but she says the commodities are going to go nuts.