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TFC Commodity Trading Forum

Re: Dec Crude/ Bearish Chart/Hal/Ronbo

I'm doing ok. Been busy with other stuff though. But spotted this pattern on Dec Crude once again and seeing it running up to the big fat $100 mark thought I should post it. I'd trade it with a Double ETF such as SCO or a milder less dramatic ETF:DUG that has NG in it to soften its drama down some. Not as wild a ride but easier on the nerves. Price does need to break below the uptrendline 1st though to confirm. Seasonals are also weak into mid Dec and even then tend to have a dead cat bounce and sell off into late Jan.