I noted oil’s bearish range-bust reversal bar in this December 15 post. That signal has turned out to be an excellent one. When oil was at $50. then, there were plenty of analysts calling for a bottom in place. It’s now clear that oil made a top at that time, just as the range-bust bar signaled.
click chart to enlarge
click chart to enlarge
1 response so far ↓
1 Jrock // Jan 9, 2009 at 4:18 pm
Do you still feel as bullish on gold as you did in this post? Any updated charts or incite now that some time has passed and it looks like the broader market is headed down (based on the closing price today?) Much appreciated…
You must log in to post a comment.