DariusAnucauskas

WTI, Monthly, Could be a very radical SHORT

Short
TVC:USOIL   CFDs on WTI Crude Oil
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1
I admit, this is a really long shot. We are looking at the Monthly chart here. It has a pole and it's flagging out. If to follow textbooks, then, yep, SELL. But we need confirmation.

If we suddenly close below the Flag formation , then I would say SHORT to about $33, which could potentially form a DOUBLE BOTTOM .

Crazy? Maybe... But as crazy as this market. So anything could happen.

Just wanted to share this and see what other people think of it.
Comment: 14.05.2017 UPDATE - POSTPONED FOR NOW.
Comment: 18.05.2017 UPDATE - I THINK THIS MIGHT BE BACK IN THE GAME!