Oil looking really bearish to me. I think we are still at the behest of the bears so longer term my prediction is that we trade below $40 a barrel. Ill be trading oil over a number of trades and updating the analysis as time goes by.
Note
A closer look at the top and why i think we are about to declineNote
We could get a pullback out of the $46.40-$46 range
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.