Oil has been sideways for quite a while and unable to make a new high. Since Opec agreement doesn't seem to have any real effect, it seems that it is now ready for a new bear trend. Note how this two volume indicators show there's been more downward interest even before last daily high. Targets along the pitchfork channel.
Thanks for your comments.
Thanks for your comments.
Komentarz:
Idea still valid and signal is now active.
Komentarz:
Notice the importance of pitchfork's channels.
Komentarz:
Behaviour of the volume indicators is still the same.
Komentarz:
One month later and still no decision. I think the next trending phase will be very strong and I still think it will be downwards.
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