Last week’s chart showed some radical outcomes that ranged from $49 to $179 a barrel, Here’s a more moderate view that shows November Crude slowly working its way down to an 80.66 target. Barring a catastrophic jolt to supply (or demand), that seems like a reasonable expectation in an election year under a forceful President who doesn’t like surprises. The pattern has yielded two profitable shorts so far that were textbook-perfect, so the odds are good not only that the futures will get to ‘d’, but they will bounce precisely from it to provide a third winner.
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