If Crude oil is going to bounce, it might think about doing it now. The trend line from 1999 is just the latest candidate to try to arrest the impulsive decline. It’s hard to believe my original downside target was $20 a barrel higher. But that’s the markets, so often banging on extremes. Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates … Continue reading If Oil is Going to Bounce
A snapshot of current daily technicals…
GLD broke back above the first key support level. 120-122 will be a big test. A rise above 120 would put in a short-term higher high to go with the recent higher low. 114 is where key support begins.