Jfielder_strat

The most important macro chart

NYMEX:CL1!   Light Crude Oil Futures
Although crude has been climbing over the past couple weeks, the volume is actually decelerating. The RSI is also showing a bearish divergence. A breakdown would ease the economy and financial conditions. A breakout will cause more inflation and force the Fed to strike quick and hard.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.