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Killy_Mel
Sep 6, 2015 10:40 PM

MACRO VIEW: WTI OIL IS STILL ON LONG TERM DOWNTREND RISK Short

Crude Oil FuturesNYMEX

Description

WTI Oil recently broke down into the 10-year downtrend by falling below 1st standard deviation from 10-year mean (120 month), and confirmed it by holding the test of the level (now at 56.5)

As long as price holds below the level among expanding volatility (marked by 3.2 standard deviations from the mean), risk of lower prices persists.
Comments
qnx88
BULL
Killy_Mel
sorry what?)
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