CL1!
Previously suggested that crude oil would see $38 when we saw price slide in Q4 '18.
I still anticipate this happening especially after this false rally up to $63 or even another push up to $68.
Anything above $69/70, tells me the LO's are in and I would revise the forecast. In other words, we stay under $69/70 and I would expect to see sub-$40 oil.
Previously suggested that crude oil would see $38 when we saw price slide in Q4 '18.
I still anticipate this happening especially after this false rally up to $63 or even another push up to $68.
Anything above $69/70, tells me the LO's are in and I would revise the forecast. In other words, we stay under $69/70 and I would expect to see sub-$40 oil.
Not
Oil slide underway. Suggested one more possible push to the upside from this original posting, but not to exceed $69 and then a switch to the downside for the foreseeable future, down towards sub-$40 prices. Halfway there...
Not
So we saw the push up from my previous note. This is an area ($61) where we could now see the reversal back down to retest the pivot LO @ $50 .. and maybe the ultimate push down towards $40 and below.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.