Oil heavy-Crude Oil still stuck in a channel threatening lower
Updated
price action indicates pressure to the downside.
with banks getting bailed as consequence of rates, it doesnt exactly say "booming" economy, does it.
All of these recent days are inside days. so presuming oil is bearish is just an opinion until it breaksout either way.
but it sure looks like pressure will be to the downside. Heating oil, gasoline, and nat gas all are showing weakness.
with banks getting bailed as consequence of rates, it doesnt exactly say "booming" economy, does it.
All of these recent days are inside days. so presuming oil is bearish is just an opinion until it breaksout either way.
but it sure looks like pressure will be to the downside. Heating oil, gasoline, and nat gas all are showing weakness.
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