Crude has been following this 2006-07 fractal for quite a while now, partially sustained by the weakness witnessed in the greenback. Chances to see weakness, before renewed straighten, seem to be implied somehow in an atypical head and shoulders to be negated after the next rollover. Then to be monitored further for assessing the exponential move it followed at the dawn of the Great Recession.
Trade active
1/4 position closedTrade active
another 1/4 offNote
1/4 off. last 1/4 leftTrade closed: target reached
last 1/4 off
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.