This analysis is in correlation to the UCAD short I posted below.
I see oil retesting the $58-$60 zone then heading back down over the last 2 quarters of the year to retest the $51.64 level then continue to test $48.11 area.
There is a possibility of Oil retesting the $66.58 area before the drop as well.
Thoughts?
I see oil retesting the $58-$60 zone then heading back down over the last 2 quarters of the year to retest the $51.64 level then continue to test $48.11 area.
There is a possibility of Oil retesting the $66.58 area before the drop as well.
Thoughts?
