Oil sell off down to $38?
Following on from my last chart, it appears that corrective wedge/triangle has now completed and we are seeing an impulsive selloff.
My initial target was towards $42 a barrel, however given how strong the bears have been in the development of the "waves" we saw in the triangle, I suspect we could now go as low as $38
My initial target was towards $42 a barrel, however given how strong the bears have been in the development of the "waves" we saw in the triangle, I suspect we could now go as low as $38
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