My charting system is up and running again. So here is the chart I would like to show you. As can be seen we have clearly broken below the pitchforks support line, which calls for a decline to at least 60. We will find some support near 90 too, but it should just be a matter of time before that is broken for a continuations towards 60. In the bigger picture wave [C] should take us below the bottom of wave [A] at 32.40.Sunday, June 19, 2011
Crude Oil - Breaking important support
My charting system is up and running again. So here is the chart I would like to show you. As can be seen we have clearly broken below the pitchforks support line, which calls for a decline to at least 60. We will find some support near 90 too, but it should just be a matter of time before that is broken for a continuations towards 60. In the bigger picture wave [C] should take us below the bottom of wave [A] at 32.40.
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