Courtesy of Chris Kimble
Is the stage set for Crude Oil to experience a decline of at least 50%? Possible
This chart looks at Crude Oil on a monthly basis over the past 20-years.
Crude oil created a Triple top over a 2-year period (2012 -2014), then selling pressure drove it down nearly 70% in the next two years.
Crude Oil could be creating another triple top over the past 2-years.
So far this month, Crude looks to be attempting to create a bearish reversal pattern! The month is far from complete at this time. Where Crude Oil ends the month, could send a very important message from this key commodity!!!
Joe Friday Just The Facts Ma’am; If support breaks at (1), look for selling pressure to push Crude Oil lower!
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