UKOIL
looks like oil is about to collapse. Is there more oil than known?
or
Is technological change accelerating the world away from oil?
If S1 and S2 fail, look for new lows.
Target: $56 -$44
Will update.
-AB
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FB & Oil Correlation is striking...
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Wave 3 went less than Fibonacci Ext. Level 1 of Wave 1 & 2
And
Wave 5 went less than Fibonacci Ext. Level .382 of Wave 3 & 4
Does this indicate a failed wave sequence?
And
Wave 5 went less than Fibonacci Ext. Level .382 of Wave 3 & 4
Does this indicate a failed wave sequence?
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Nothing has changed in the charts to warrant a change in analysis...
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$61.79 is Critical Support
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Support is breaking...
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Next Support level is $45.00...
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If $45.00 breaks expect to see new lows...
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Oil is in fact collapsing...
Artificial price controls being removed....
Artificial price controls being removed....
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The Death Spiral...
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Oil is going to make new lows...
Brief support around $45.00...
Brief support around $45.00...
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Sub $28.00 oil in 2020...
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Amazing Chart...
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Near-Term Target = $50-$46
Trade closed: target reached
