Crude Oil - Developing Trade

CEO, Factor LLC • Oct 4, 2016 at 12:44 PM EDT

The weekly continuation graph (Crude Oil) continues to form a possible 14-month inverted H&S bottom pattern and is flagged as a Developing Trade possibility.

The weekly continuation graph (Crude Oil) continues to form a possible 14-month inverted H&S bottom pattern and is flagged as a Developing Trade possibility. Notice that the right shoulder has taken the form of a possible symmetrical triangle on both the continuation and Dec contract charts. A close by the Dec contract above 49.00 would represent a buy signal, although diagonal patterns (symmetrical triangles included) lack reliability. Factor is flat.

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Something To Watch - Crude Oil -- Developing Trade

(Crude Oil – Daily)

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Something To Watch - Crude Oil -- Developing Trade

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