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Crude Oil Rounded Top

Posted by StockBuz on November 6, 2014 at 9:29am in Commodities, Long Setups, and Sectors

I couldn't draw it better if I tried.  Price target is roughly equal to the height of the top and resistance, well it's there. Whether it's deflation, mean reversion or the beginning of a price war with OPEC, it is what it is, bearish on the black gold.  See my article on ways to short it HERE

Courtesy of CNBC

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Tags: crude oil, cl_f, uso, usl, dug
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