Crude Oil;
First up, & then down (this is how I will plan to trade it)...
*Bear in mind that my bias is more to the Short side for now, than the Long side... (Longer term wise, crude oil might be able to touch 60 per barrel (whether true or not I do not know); but it certainly looks like it has to go down lower, & perhaps touch 44 per-barrel, in this cycle for now...)
I can't say for sure whether crude oil is really going to crash down to below 30-per-barrel or not (that's not something I'm capable of predicting now)...
For this chart, there is still a little upside left, & then more downside later; (this is how I am interpreting it)...
Best regards.
First up, & then down (this is how I will plan to trade it)...
*Bear in mind that my bias is more to the Short side for now, than the Long side... (Longer term wise, crude oil might be able to touch 60 per barrel (whether true or not I do not know); but it certainly looks like it has to go down lower, & perhaps touch 44 per-barrel, in this cycle for now...)
I can't say for sure whether crude oil is really going to crash down to below 30-per-barrel or not (that's not something I'm capable of predicting now)...
For this chart, there is still a little upside left, & then more downside later; (this is how I am interpreting it)...
Best regards.
