alladale
Short

CL ETP-1 Pattern showing potential bearish move

NYMEX:CLM2018   CRUDE OIL FUTURES (JUN 2018)
Not a big supporter of this move but resistance is good. Almost into the 1.41 fib time extension so the trade might not even fire off before probability runs out. Attaching a gold chart to this one too in order to see where the commodities are all going.
Commento: Notice how when price went into the "no-go" zone of the 1.14 fib time extension on this xabcd pattern we just started to drift sideways and lost our ability to forecast a reversal?
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