When WTI breaks 50SMA trend, this is the one to buy.
This move should be relatively quick and I'd trade in and out when needed.
Oil has been falling for about two months and I found a good opportunity to buy into the trend on a slight reversal on the 13th
Possible head and shoulders Broke out at the bottom, but came back into the trend line.
***This analysis is HEAVILY dependent on future macroeconomics and geopolitics and public statements, it could prove to be ENTIRELY wrong an hour from now based on what oil minister or nation X or Y says or does in an interview/meeting, etc.*** That being said, the technicals indicate to me that DRIP is going lower. First, we have the head and shoulders (shown...