CL1!
Previously suggested that crude oil would see $38 when we saw price slide in Q4 '18.
I still anticipate this happening especially after this false rally up to $63 or even another push up to $68.
Anything above $69/70, tells me the LO's are in and I would revise the forecast. In other words, we stay under $69/70 and I would expect to see sub-$40 oil.
Previously suggested that crude oil would see $38 when we saw price slide in Q4 '18.
I still anticipate this happening especially after this false rally up to $63 or even another push up to $68.
Anything above $69/70, tells me the LO's are in and I would revise the forecast. In other words, we stay under $69/70 and I would expect to see sub-$40 oil.
Nota
Oil slide underway. Suggested one more possible push to the upside from this original posting, but not to exceed $69 and then a switch to the downside for the foreseeable future, down towards sub-$40 prices. Halfway there...
Nota
So we saw the push up from my previous note. This is an area ($61) where we could now see the reversal back down to retest the pivot LO @ $50 .. and maybe the ultimate push down towards $40 and below.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.