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.
— Alastair Williamson (@StockBoardAsset) January 9, 2018
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…