$OIL Remains in a Positive Configuration

$OIL has historically been a terrific predictor of market crashes. Until it collapses, I see no reason to think we’re entering something other than a correction.

And in fact, it’s held up well today, remaining above the neckline of the inverse I pointed out recently. If it falls apart, I will reconsider, but until then, I must assume this is a shakeout before a markup to higher prices.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

Leave a Reply

Your email address will not be published.