Perth Cruising Places

The oil in the triangle

The oil has been able to consolidate in recent weeks on a very low level. After the outbreak of the Pitchfork is only 3 days declined rapidly up before the strength of the intraday movements gave way rapidly. The target price range 40-20 is thus achieved. A recovery would now be possible in principle.

arose from the situation now is a triangle, which stands just before the outbreak. In which direction is difficult to predict. Basically, we can assume that the prices of Crude Oil in approximately parallel to the rates on the stock exchanges run. From this perspective, I would consider a breakout down the more likely possibility. If you look at, but only the chart, a breakout would be up at least as well possible, if not even more possible.