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Re: DiscoverGold post# 3606

Wednesday, 06/14/2017 9:10:11 AM

Wednesday, June 14, 2017 9:10:11 AM

Post# of 10549
Oil Remains in the Grasp of the Bears
By MPtrader | June 13, 2017

Oil continues to trade lower, showing little or no upside umph.

My Point & Figure chart shows the still-dominant downtrend, which only will be challenged if Oil can climb and print above 48.00.

Otherwise, all roads continue to point to a retest of the early May low at 44.00 (43.76 intraday low), followed by another capitulation towards 42.00-40.00.



https://www.mptrader.com/middayminute/

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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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