Energy Investing - A thing of beauty - Energy Investing - InvestorVillage
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Msg  322903 of 323813  at  4/7/2021 3:44:23 PM  by

VIA


A thing of beauty

We tend to follow every twitch of the crude contract here on this board. But if you zoom out a bit, a reassuring picture emerges - a textbook bullish flag formation. Typically, this is digestion following a strong move up. The energy being collected now will invariably propel crude on another strong leg once its rest is complete. That would coincide with the beginning of the end of lockdown status and the early summer boom. 
 
My chart is below. I highlighted the bullish flag.
 


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Replies
Msg # Subject Author Recs Date Posted
322974 Re: A thing of beauty... Looks like a bearish reversal head and shoulders MontyHigh 2 4/8/2021 7:45:11 AM








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