WTICOUSD has developed a Diamond Top pAttern at the HOP level of a Bearish Shark and has given Bearish PPO Confirmnation Arrow at this level. Along with that, the PPO has broken below trend and may now look to crash lower. If we are to take all these indications into account, we can safely assume that WTICO is about to Bearishly break down from the Diamond it's formed against NATGAS. This could mean a few things, but mainly it means that either Natural Gas is about to start going up a lot or WTICO is about to start going down a lot, or maybe a combination of the two.
In anticipation of this, I will primarily be buying Natural Gas Related Assets and Selling Oil Related Assets.
In anticipation of this, I will primarily be buying Natural Gas Related Assets and Selling Oil Related Assets.
