IS IT TIME TO SHORT OIL?

by stockboardasset
We ask the one question: Is It Time To Short Oil? In the Periscope broadcast, we analyze four timeframes of oil, including commodities indexes, plus oil’s volatility. After a near +48% advancement from the summer of 2017, WTI could be in a heavy resistance area from 60-62. The major line in the sand we watch: 61.25 for the hint at the next directional imbalance.


OVX is producing a symmetrical triangle.

Are commodities ready for a total reversal? Or is it a false breakout?

COT Positioning shows WTI has possibly reached extremes…
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