Whether you trade oil
or not, this is a must watch! Any currency impacted by oil
movement (think CAD, NOK
, USD) this is a must watch chart. If oil
starts to break out and confirms this head and shoulders
, we may see the black gold
get back into the mid 60's. I know what you're thinking, "there's an oil
glut etc etc etc" I don't care and I'm not looking at that, this is a purely technical outlook. If this head and shoulders
confirms, we may see this as the result in the near future.
So be ready for what may be setting up. And if you do trade oil
, jump on this!