Crude does not look sustainable...

116
Yes, still bullish up trending, but honestly, look at the technicals and it’s like crazy...
Cannot keep this weak rally up for too much longer.
MACD is so bearishly divergent and recent rally is weak
Th ebottom panel is the net non-commercial interest and it has been steadily waning as price edge higher.

I thought it was going to give way earlier but everything is extending into September.
Now I still expect Crude to roll over in September...
Nota
Spot on, through the the target area!
Breakdown!!!

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.