Crude Oil
Nice to see the strong move down in crude which is consistent with the idea that a third wave down was due. If the advance from mid-May was an ending diagonal as it appears, once the diagonal breaks, you can expect a full reversal of the diagonal fairly quickly. First support is at 106.20 but really have an eye on the lower targets, 99.70 and 9…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.