OIL with an UPDATED Longer term Picture.

Here we have our US OIL chart again..

If you have seen my analysis before, you will have heard us call oil short repeatedly, expecting a MM stop.

An MM stop is an area where price beats the last high or low slightly and causes stops to be hit. This is because MM's like to get their orders in at a good price due to their size.

Great sentiment drove oil up in a large rally. Sentiment swaps and we see FALLS. That is how markets work.

This target is Weekly and may take longer, but we are looking at the eclipse symbol area for an exit. Remember, you can exit on the way down as it is much more preferable.