Despite the fact that the head is a bit bludgeoned, there is a very large bearish head and shoulders below $106.50 — potential target down at $82.50...
Interesting technical setup, not sure if the fundamentals will supersede the technicals or vice versa.
Bullish oil is catastrophic for the US economy, and it would make sense for this pattern to fail.
Time will tell.
Interesting technical setup, not sure if the fundamentals will supersede the technicals or vice versa.
Bullish oil is catastrophic for the US economy, and it would make sense for this pattern to fail.
Time will tell.