I'm looking at this thinking, there is potential from $57 USoil will meet heavy resistance.
If a pull back ensues, I'd expecting a retraction of price until 30 trading days (March 17th), I'd target a price pull back of 15% (around $48).
Maybe over longer time frames, in 100 trading days, it is could drop much further, but there are no instruments to take advantage of that kind of move available as far as I know.
In the time period of this bearish scenario, the market should pull back, especially financial sector, energy sector and industrials.
If a pull back ensues, I'd expecting a retraction of price until 30 trading days (March 17th), I'd target a price pull back of 15% (around $48).
Maybe over longer time frames, in 100 trading days, it is could drop much further, but there are no instruments to take advantage of that kind of move available as far as I know.
In the time period of this bearish scenario, the market should pull back, especially financial sector, energy sector and industrials.
Bình luận:
Bình luận:
Supports at $55 and $53.90
Bình luận:
As for longer time frames, I'm still looking at a large retracement over next 100 trading days (until around September/October time)
Bình luận:
Bình luận:
Bình luận:
For the market is to carry on trending up, it needs to get over this speed bump.
Bình luận: