The Document

Login Subscribe Now
June 22, 2008

Chart Review

oil chart

After launching from the low $120s to the high $130s, oil has been moving in a contained range for two weeks. Its one attempt to escape (red arrow) failed badly. As noted on the chart, these longer, contained consolidations have a tendency to fail. I expect crude to gap lower out of this range any day.


blog comments powered by Disqus
Recent Blogs

Macroeconomic Blog | Cycle Trading Newsletter | TrendBands Fund | Library | About | Contact Us | Members