This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Friday, 29 March 2013
Crude
I was wrong to think crude was turning down last week and the monthly candle looks quite bullish....a chart to watch closely the next few days
Thats one hell of a giant bullish pennant.
ReplyDeleteIf it does break to the upside, and hold up, whilst equities slip a little lower, then Crude is going test the 2008 high..and probably keep on going.
$175/200 Oil, sure would not exactly help the struggling western economies!