Browse Symbol Stacks: XLE: sc376.png

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Oil is probably forming a diamond: Reversal or Continuation?

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fibomanfiboman
http://goldenopportunitytrading.blogspot.com 10/19/15
Quantifex the NimbleQuantifex the Nimble
Gartman said the top was in for a while, no reason to believe otherwise 10/19/15
Retracement LevelsRetracement Levels
>Reversal or Continuation? 
 
Always hard to say just looking at charts, looking at past trends, projecting continuation of reversal into the future. 
 
There is an interesting side-story to oil, dependent in some measure to the advance of LENR sources of energy that may become a new player on the scene. 
This has been discussed before, but I for once would not be too bullish long term on Oil, between oversupply and risk of new energy paradigms in the next 5-10 years Oil may just become cheaper and cheaper. Trading swings may work, as we know... 
 
 
 
 
10/19/15