View: Oil - Monthly - 7.22.16.png
Oil - Monthly - 7.22.16.png
Oil - monthly. This is not investment advice.
Are you bullish on USD and Oil in one time? May be another scenario is more appropriate: USD go to new highs, oil retest this year minimum then FED will ease and USD will crash, only after this oil will break resistance.
i been shorting sinc e2009 sounds like tim
Linear scale graph
I doubt that price drop to this year minimum while chinese print money with such a speed (24.6% YoY). But drop to 40$ is very likely.
I completely agree with you about what is likely to happen to oil and have posted it on another site. But to be honest I don't know from your chart why you are saying it. There must be other "inputs" to your thinking that make you take this stand. Like I said I have come to the same conclusion but almost certainly for different reasons. Hope you will explain your position so I can get more insight. Thanks Tom b
@Silver_Singu: Congratulations. You have correctly identified that this is a linear/arithmetic graph. Do you want a cookie?
I would rather take a s&p500 crash if you can have that for me ;)
If the ES can close below 2152.25, then the odds of a crash will increase dramatically. I hope you're right, because up markets are boring as hell, but I think you'll be wrong. We shall see!
Correction, I meant 2151.25!