Short through OPEC meeting. Save me Dennis Gartman
An actual clean head and shoulders on WTI... it looks like hedge fund money and its traders have gotten into this commodity after all.
The $57.50 neckline was broken and later the pullback tested and held, which means that support became resistance. The measure of the initial target is $56.00 which another large support at $56.60, but I haven't marked that.
Whatever happens tomorrow at OPEC overshadows all of this, however. It's going to be volatile.
The $57.50 neckline was broken and later the pullback tested and held, which means that support became resistance. The measure of the initial target is $56.00 which another large support at $56.60, but I haven't marked that.
Whatever happens tomorrow at OPEC overshadows all of this, however. It's going to be volatile.