Usoil - C waves, Jim Cramer, and the the Big short

Zaktualizowano
Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.
Uwaga
so far so good, the idea is negated above 123 snapshot
Uwaga
USOIL/SPY chart, weekly candle will be important, so far looks good for bears. snapshot
Uwaga
Doubletop, reaction from here will be very important. Stops at 124.50 snapshot
Uwaga
So far 123 is holding, needs to get impulsive so more sellers start to step in on bounces. we'll see. snapshot
Uwaga
looking good for bears snapshot
Uwaga
needs to break channel and get down to lower bb, then it would be more clear that the direction is changed. snapshot
BTUChart PatternsCrude Oil Futures WTI (CL1!)CVXHarmonic PatternsCrude Oil WTIWave AnalysisXOM

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