Oil Inverse Head And Shoulders And Natural Gas Breakout
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Chief Market Strategist Gareth Soloway analyzes the charts of crude oil (WTI) and natural gas. He alerts investors to a near-term bullish inverse head and shoulder pattern on oil and gives the upside calculated target. He also notes that the mid-to-long-term chart is bearish on oil. This tells investors, after a near-term bounce in oil, it will likely fall as low as $40-$43 per barrel. As a recession indicator, oil is one of the best. Next, Gareth dives into the chart of natural gas, discussing the recent breakout and upside target. He discusses why natural gas has had a 60% rally and likely more upside. Learn how to trade and analyze charts from Gareth, a 26+ year technical trader.
Video Length: 00:11:45
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