My fellow bears and superbears, the time has come to short WTI crude oil and capitulate all the bulls.
The last Fib extension cycle points to a drop to at least $42, and if the bearish momentum maintained, we could see 37.53 by the month's end.
As a perma bear I hate to say this but I must warn you all that if we fail to breach the triangle within this cycle, the chances of a bullish run will dramatically increase.
Set the stop loss to 2% (slightly above the last cycle for confirmation) and ride the collpase of black gold.
Good luck.
The last Fib extension cycle points to a drop to at least $42, and if the bearish momentum maintained, we could see 37.53 by the month's end.
As a perma bear I hate to say this but I must warn you all that if we fail to breach the triangle within this cycle, the chances of a bullish run will dramatically increase.
Set the stop loss to 2% (slightly above the last cycle for confirmation) and ride the collpase of black gold.
Good luck.
