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Oil Collapse? - SELL

looks like oil is about to collapse.

Is there more oil than known?

or

Is technological change accelerating the world away from oil?

If S1 and S2 fail, look for new lows.

Target: $56 -$44

Will update.

-AB

Note

FB & Oil Correlation is striking...

Note

Wave 3 went less than Fibonacci Ext. Level 1 of Wave 1 & 2

And

Wave 5 went less than Fibonacci Ext. Level .382 of Wave 3 & 4

Does this indicate a failed wave sequence?

Note

Nothing has changed in the charts to warrant a change in analysis...

Note

$61.79 is Critical Support

Note

Support is breaking...

Note

Next Support level is $45.00...

Note

If $45.00 breaks expect to see new lows...

Note

Oil is in fact collapsing...

Artificial price controls being removed....

Note

The Death Spiral...

Note

Oil is going to make new lows...

Brief support around $45.00...

Note

Sub $28.00 oil in 2020...

Note

Amazing Chart...

Note

Near-Term Target = $50-$46

Trade fermée: cible de profit atteinte

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FibMarketWatch

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