Oil fell on some weakness the past two weeks. I'm going to try and keep this analysis simple. For the long side, I will wait and see if the H&S pattern is completed.
A close below the red line at 39.13 (right shoulder) would warrant a H&S failure and more room to the downside.
I am currently flat in /CL.
A close below the red line at 39.13 (right shoulder) would warrant a H&S failure and more room to the downside.
I am currently flat in /CL.