Recession, demand destruction, looming sell signal
Daily time frame has a bearish bias
Weekly time frame: Neutral to bearish bias. Watch spot and forward looking MONTHLY Kijun lines (dark blue and light blue) at 81,50 - 84,50! Should this range break on the downside, a massive bear market will start on Oil, which will likely put pressure on the whole commodity market.
For now use all spikes to buy longer dated WTI Puts and put spreads.
Weekly time frame: Neutral to bearish bias. Watch spot and forward looking MONTHLY Kijun lines (dark blue and light blue) at 81,50 - 84,50! Should this range break on the downside, a massive bear market will start on Oil, which will likely put pressure on the whole commodity market.
For now use all spikes to buy longer dated WTI Puts and put spreads.