Crude Oil Topping Again?
Crude Oil Top?
However, this appears to be largely a distraction and counter-move by the media to disguise inside SELLING and positioning for the next leg down in Crude Oil Prices.
The red-circled area on the chart shows the topping price area where we are at present.
But, short-term price movements have already given a weakening signal that are the prelude to another price slide downwards.
$37.50 should be the first objective, A break in price below this price level will indicate a strong slide in price to come, coming down with $34.50 next.
$23 Crude Oil can be reached should these other levels fail to hold going forward. – George