Potential long term view of some key markets
USO: Line of support under $0.00 (if that's possible). This line could be forming basis for up sloping PF and the lower parallel
CL1!: Biggest question is if median line holds this drop or if a decade of sub $0.00 prices is setting up. If next several months hold above the red median line then price could move off it. If April and ensuing months close below the median line the a test of last weeks low could be possible.
SPX: If current levels holds then another try at 3340 early in coming year.
XAUUSD: It looks like Gold is bullish well through 2020 and into 2021 maybe target in $2060 area
CL1!: Biggest question is if median line holds this drop or if a decade of sub $0.00 prices is setting up. If next several months hold above the red median line then price could move off it. If April and ensuing months close below the median line the a test of last weeks low could be possible.
SPX: If current levels holds then another try at 3340 early in coming year.
XAUUSD: It looks like Gold is bullish well through 2020 and into 2021 maybe target in $2060 area
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