Successfully closed above the Reverse H&S Neckline RSI Breaks Trend line Positive MACD Crude Oil Bullish Crossover from 8 & 200 WEEK MA!
TESTED AND VALIDATED THE 200 MONTH MA MANY TIMES SINCE THE 1980'S BROKE ABOVE 1 YEAR TREND LINE RESISTANCE BROKE ABOVE NOVEMBER'S HIGHS MULTIPLE POSITIVE DIVERGENCE Crude Oil 8 MONTH MA Crossing ABOVE 200 MONTH MA!!!
TESTED AND VALIDATED THE 200 MONTH MA MANY TIMES SINCE THE 1980'S BROKE ABOVE 1 YEAR TREND LINE RESISTANCE BROKE ABOVE NOVEMBER'S HIGHS MULTIPLE POSITIVE DIVERGENCE
GOLD & SILVER also broke below the hourly rising wedge
Likely to lead Metal Complex down...
Silver to outperform on the downside
Expect Downside Acceleration as 8 & 21 Monthly MA Crossover Triggered... MACD Downside Crossover Also Triggered...
Oil to outperform Metals...
Confirmation from the FINAL Neckline indicator triggered!
Broke below 3 year H & S Neckline MACD in Negative Territory Up against 8 Week MA resistance
50 DMA crossing above 200 DMA Bullish Divergence Strong Momentum to break the Neckline soon..
Compared to underwhelming US inflation!
Soon the 8 MONTH MA will cross above the 50 MONTH MA. MACD already in positive territory! EUR will rally against USD, GBP, JPY and many other currencies...over the next few months!
Especially with FOMC next week...
Momentum still BEARISH!