Oil’s Weak Future

On Friday, this tumbled into my Twitter feed, attributed to Gartman:

And, so, as federal law requires, equities are UP and crude oil is DOWN right now.

I love the crude oil chart as a short, and I’m short USO as we speak (well, neither of us is speaking – or at least I’m not – and if you’re talking to your screen right now, you’ve got worse problems than either of us). Anyway, here’s what I see:

(Click on image to enlarge)