hi folks, i bought some today, a little annoyed with myself i didnt buy last week while it was testing 2 support lines
i guess all the orchestrated negativity on oil made me consider an oil price crash might be possible and a possible inverse head and shoulds might develop
BPT with crayola overlay
XEJ swayed my mind that this might well be the bottom
a bull flag with an inverse head and shoulders within it
i think we might see a passing of the batton for oil to outperform gold near term while gold finishes its consolidation from its recent run
SPX/Oil ratio ... is atht a cup and handle i see before me.. could a larger handle form if somehow oil is smashed down?
i feel that $60 is the new $40 (due to the last 5 years of currency debasemnet) and a recession is already priced into oil.
(20min delay)