WTI Roll Over

click to enlarge 
We are looking at a rounding top that is rolling over in very slow motion, interupted by repeated and sharp, but failed, attempts to make new highs ( the 2 waves of ever lesser degree).
Very tough on the shorts, but it will likely be tougher on the longs when the moment of recognition arrives...
buying into weakness will probably persist right up until that point, and it could be a ways off.
 click to sharpen


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate