Short term bearish, long term bullish

WTI CRUDE OILTVC

Description

⋅ May 23, 2018 9:35 AM

I think the euphoria around Iran and supply cuts has been temporarily overbought. I could see oil dropping back to the 50MA and possibly the bottom of the channel, before continuing upward for the rest of the year.

I don't think it will go near the 200MA.

Comment

⋅ May 25, 2018 8:37 AM

So far so good...

Trend Analysis Chart Patterns