Crude Oil could fall to $39, says Joe Friday

Crude Oil could fall to $39, says Joe Friday

Crude Oil is tanking of late as it breaks 3-year rising support! Where does long-term support come into play? This chart looks at Crude Oil over the past 35-years. Crude has spent the majority of the past three decades inside of rising channel (1). It hit the top of...
Crude Oil Could Be Peaking!

Crude Oil Could Be Peaking!

CLICK ON CHART TO ENLARGE The chart above looks at what could be the most important commodity on the planet, Crude Oil and its price action over the past 15-years. We applied Fibonacci retracement levels to the highs in 2008 and the lows in 2016, at each (1). The...