cfetrader

Crude oil trend dilemma

FX:USOIL   Crude Oil (WTI)
37 1 1
A bullish shark (target 34) and a bearish bat (target 58) pattern are "battling" for dominance with regard to crude oil             price directionality. At the moment there is a negative tendency, that could evolve into a sideways motion until the OPEC decisions.
Markets are generally in a Samuel Beckett's "Waiting for Godot" state (due to OPEC & FED meetings). Sideways (consolidation) may be the order of the day until the critical decisions are announced.

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