Browse Symbol Stacks: /CL: Oil_BearWedgeBreak_1618Achieved_Jan052015.jpg

Oil_BearWedgeBreak_1618Achieved_Jan052015.jpg

Target #1 on /cl monthly sell-off achieved. 

Monthly bear wedge break hit the 1.618 fib projection of the wedge Monday morning, breaking through the $50.30 target by 4c. 

I'd expect a MAJOR ATTEMPT at a rally here, but ultimately will fail as long as the dollar strengthens (/dx)

Comments

moneymiser21moneymiser21
Well, that rally "attempt" off the 50.30 did not last long... LMAO. 
 
49.95 print as of 11:30am est 1/5/15