Oil Slipping By Gaps

Commodities have, in fits and starts, been slipping lower in recent months, and on occasion they provide a gap down to make them easier to mark.

Here’s a longer view. Simply stated, the uptrend since February 11 2016 (oddly, the exact date of the bottom of equities as well) is fully intact, so until and unless the supporting trendline is broken, that uptrend needs to be respected. I’ve marked an important price gap with the horizontal line, which has already worked as a reversal point.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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