Courtesy of Chris Kimble.
It is time for Crude Oil to get lucky and breakout?
Below looks at Crude Oil Charts; one is based upon Log Scale, the other linear scale.
CLICK ON CHART TO ENLARGE
Joe Friday, Just The Facts…. Both charts reflect that Crude Oil is testing key falling resistance. What Crude Oil does from here (Breakout or Breakdown) should have a large impact on many assets.
Could the world/Commodities sector benefit from a breakout above falling resistance? Macro wise, we think so. This is a big test for one of the most important commodities on the planet.
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