From Greg M
Is this a Parabolic Bubble? Nah.
COMP Monthly chart.
https://docs.google.com/document/d/15JdKY7ywZLi9nNX5tm5fxxb3M7GQyw5y0nMpjOsUm5M/edit?usp=sharing
WELCOME TO THE NEW REALITY! Hahahahahahahahahahahaaaaaaaaaaaa! 🤣 😃 😂
the downmove in WTI wasn't a surprise:
https://ibb.co/jgJntz9
So you think crude is going to drop further from that purple line of resistance?
maybe down to 60usd.
would expect down to 70 usd. Later, after the breakaway, it will come down to the line again. Than up and away. Thats my guess.
F.Y.I.
Bank of Japan Stops QE, Reserve Bank of Australia Starts Tapering, Bank of Canada & Bank of England Already Tapering, Amid Shock-and-Awe Rate Hikes in Emerging Markets
by Wolf Richter
https://wolfstreet.com/2021/07/06/bank-of-japan-stops-qe-reserve-bank-of-australia-starts-tapering-bank-of-canada-bank-of-england-already-tapering-amid-shock-and-awe-rate-hikes-in-emerging-markets/
>>>
I am cautious at the moment because:
https://www.seasonalcharts.de/img/DEKADE-ZYKL/DJ100J.GIF
Is this a Parabolic Bubble? Nah.
COMP Monthly chart.
https://docs.google.com/document/d/15JdKY7ywZLi9nNX5tm5fxxb3M7GQyw5y0nMpjOsUm5M/edit?usp=sharing
WELCOME TO THE NEW REALITY! Hahahahahahahahahahahaaaaaaaaaaaa! 🤣 😃 😂
the downmove in WTI wasn't a surprise:
https://ibb.co/jgJntz9
So you think crude is going to drop further from that purple line of resistance?
maybe down to 60usd.
would expect down to 70 usd. Later, after the breakaway, it will come down to the line again. Than up and away. Thats my guess.
F.Y.I.
Bank of Japan Stops QE, Reserve Bank of Australia Starts Tapering, Bank of Canada & Bank of England Already Tapering, Amid Shock-and-Awe Rate Hikes in Emerging Markets
by Wolf Richter
https://wolfstreet.com/2021/07/06/bank-of-japan-stops-qe-reserve-bank-of-australia-starts-tapering-bank-of-canada-bank-of-england-already-tapering-amid-shock-and-awe-rate-hikes-in-emerging-markets/
>>>
I am cautious at the moment because:
https://www.seasonalcharts.de/img/DEKADE-ZYKL/DJ100J.GIF